Thursday, February 21, 2013

Who elected the IMF and World Bank the Emperors of Ghana?

Prices are already going up. Laundry was nine cedis today instead of seven last week. I am hearing predictions that across the board that prices might increase 20%. That means most everybody's purchasing power in Ghana declines by one fifth thanks to a completely arbitrary and ideologically motivated decision by the the IMF and World Bank. African politicians need to learn to just say no to IFIs.

2 comments:

Walt Richmond said...

If it's any consolation, gas prices here have been going up every day for the past thirty days. There's no end to our corporate overlords' greed, and the IMF and World Bank are their tools to rob Africa and Asia.

J. Otto Pohl said...

Walt in the US only gas prices are going up. Here all prices are going up. Everything from laundry to food is going to be more expensive on top of the already existing inflation of 10% or so a year.