Even though the effects of the challenging global meltdown has had severe consequences on low income economies, the impact, through the financial sector has been quite slow, because of a weak integration with the global financial market, the Central Bank of Ghana has observed.
According to the Governor of the Bank of Ghana, Dr. Paul Acquah, the slow reaction in these economies of the region, was largely due to the fact that low economies have limited exposure of their economies to toxic assets that have precipitated, and also spread the crisis in the international financial systems.
"This limited exposure of the banking sector of the region, has enjoyed a relatively strong performance, which is supported by improved macroeconomic stability and legislative reforms, while resulting in the implementation of revised prudent guidelines and risk management frameworks," he added.
The Governor of the BoG made these observations at the opening ceremony of a regional forum on the global financial crisis for legislators, which was organised by the West African Institute for Financial and Economic Management (WAIFEM), in Accra.
The countries participating in the forum include Ghana, Nigeria, Liberia, The Gambia and Sierra Leone.
However, the forum seeks to strengthen the capacity of legislators to play their roles more effectively in enacting appropriate legislation geared towards the realisation of national development goals, within the current globalised economic environment.
Dr. Acquah noted that as the financial crisis continue to deepen, the region would be witnessing a fall in export revenues, declines and reversals in capital flows in stock, and money markets fuelled by speculative and increased volatility on foreign exchange markets.
The Governor predicted that such external shocks would be creating budget crises in developing countries, as the low fiscal and current account deficits, created through the long period of successful reforms, were now being widened.
He said, "Current account deficits are projected to worsen in a number of oil-exporting countries between 2008 and 2009, with some countries moving from surpluses to deficits. The impact of the crisis on the current account balances has been more pronounced in non-oil producing African countries."
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THEY COME TO :
STEAL OUR ECONOMY
KILL OUR INITIATIVE TO BE SELF-SUFFICIENT
DESTROY OUR FAMILIES
1) INFERIORITY = CURRENCY EXCHANGE
Currency Exchange is designed to puff up certain peoples and nations over others. The numbers are constantly telling some that they are inferior to others. The problem intensifies when those being manipulated by this financial scam buy in to this wicked scheme.
Whats the solution to INFERIORITY CURRENCY EXCHANGE ? Stop giving away our souls one piece of money ( dollar , pound, franc, rand, deniro, rupal, euro, Chinese renminbi, rupee, Russian ruble,etc..) at-a-time .
Do research on what price your product gets in the so-called First World countries. And demand that price. This will not work unless people at the local areas do this together. Form Co-Ops and agree to charge the prices you deserve.
2) INFERIORITY = Pay by Time
There is another system used to oppress people that feeds the business owners with a lust for MORE profit. One year they may have profits of 50%, the next year they may have profits of 100%, the next year their profits may only be 75%. The system in the world will consider that going from 100% profits to 75% profits is bad for business.
How is that bad ? Profits are profits ! Many businesses have different levels of pay for the same workers.; levels such as :
a) Top Salaries Private and only known to each individual workers b) Medium Salaries Private c) Lower Salaries Private and only known to each individual workers d) High Hourly Wages e) Medium Hourly Wages f) Minimum Hourly Wages
I suggest that EVERY WORKER SHOULD BE PAID A LIVING WAGE. The Minimum Wage is like a financial ball and chain ; only giving those receiving it just enough to live to see the next day.
The Living Wage allows workers to live, invest, spend, save, and thrive. We can dream about having our own businesses , then wake up and attain our dreams. This is great for the businesses that pay Living Wages. For this creates new customers and new generations of customers.
As long as the system of Living Wages is in place, there will be a thriving economy and a blooming world full of optimistic activities. But it will only happen when business owners see the benefit of paying more pennies to make more dollars ! Which of you business owners will have the insight, recognition, roots, understanding, initiative, moxy, & compassion to make the step most are afraid to make.
THE TRUTH ABOUT DIAMONDS
Did You Know That The Robbers Have Warehouses Full Of 55 Gallon Drums Each Full Of Raw Uncut Diamonds ?
The Wicked Are Using The Same Schemes On Us. : 1) They Hoard Riches ; Controlling The Supply So Well Think The Supply Is Low 2) This Scheme Helps Them To Get A Higher Price & Deceives Most Of Us Into Believing That Things ( Such As Diamonds, Gold, Oil, Etc..) Are In Short Supply & Even Due To Run Out.
Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) .
We Saints Serve An Infinite God, What He Placed Here On This Earth For His Children Is Also Infinite. When You See A Volcano Or Magma ; The Liquid Land Flowing Out Of Volcanos, Think Of Growth. The Earth Is Steady Growing.
Once God Settles Things With The Rightreous & Un-Righteous . [Definition Righteous Means The Desire To Do Right ]
Diamonds Are In Abundance And Their Supply Is Being Controlled By Persons Under The Control Of Spiritual Wickedness In High Places (Ephesians 6:12) . [http://janineroberts.org/]
1. The Bakken Oil Field Find
2. 55 gallon drums fulls of unprocessed diamonds.
* These are just a few of the suppressed world riches this beautiful world created by God (Jehovah, Father of Jesus Christ)..
3. Minister Lindsey Williams has known for 30 years of a major oil find in Alaska.
* He says that he sat in on meetings of the rich and powerful. These men decided not to use this oil to help America.
* Beware Africans, the wolves of deception are always around riches.
* Hosea said we perish for two reasons. Most people only remember one reason why we perish.
- Hosea said MY PEOPLE PERISH FOR LACK OF KNOWLEDGE
- AND because they REJECT KNOWLEDGE
- In other words, they DONT KNOW & THEY DONT WANT TO KNOW !!!!
4. For those who want to know I suggest you guys who can get the Internet do these things :
a) Listen to broadcasts like : Alex Jones (Infowars), Derry Brownfield, The Power Hour
(Joyce & Dave), Jeff Rense, and other broadcasts on the Genesis Communications Network.
b) Heres an appetizer of information on the subjects I have just written on :
Do a search use IX Quick search engine .They dont record your computers address ; protect your privacy [ http://ixquick.com/]
Here are three(s) separate subjects that I mentioned that you can search for
(i) Bakken Oil Field Find
(ii) Lindsey Williams (YouTube videos)
(iii) Janine Roberts :Glitter & Greed : The Secret World of The Diamond Cartel
ANOTHER SUGGESTION IS FOR THOSE LIVING IN THE CITY TO POOL THEIR RESOURCES TOGETHER AND MAKE NEIGHBORHOOD COOP GREENHOUSES . HERE YOU CAN GROW SOME KIND OF FOODS AND NOT BE TOTALLY DEPENDENT ON GROCERY STORES.
Our only enemies are in Hell , waiting for their life-sentence of damnation.
You are in my prayers. Pray for each other too
Have Faith in God and Love for each other. May The Lord God Bless You real good
[This inspiring poem was featuring in the movie Coach Carter ]
Our Deepest Fear Is Not That We Are Inadequate, Our Deepest Fear Is That We Are Powerful Beyond Measure. It Is Our Light , Not Our Darkness That Most Frightens Us.
We Ask Ourselves, Who Am I To Be Brilliant, Gorgeous, Talented, And Fabulous ?
Actually Who Are We Not To Be ? You Are A Child Of God.
Your Playing Small Doesnt Serve The World.
There Is Nothing Enlightened About Shrinking So That Other People Wont Feel Insecure Around You.
We Are All Meant To Shine, As Children Do.
We Were Born To Make Manifest The Glory Of God That Is Within Us.
Its Not Just In Some Of Us; Its In Everyone.
And When We Let Our Own Light Shine We Unconsciously Give Other People Permission To Do The Same.
And As We Are Liberated From Our Own Fear, Our Presence Automatically Liberates Others
- Marianne Williamson -
[NOTE BEING AFRAID AND REFUSING TO GET INVOLVED WONT STOP US FROM DYING. BUT BEING AFRAID CAN PREVENT US FROM LIVING]
(Nkosi Sikeleli Africa )
God bless Africa May her glory be lifted high Hear our petitions .
God bless us, Your children God we ask You to protect our nation Intervene and end all conflicts Protect us, protect our nation, our nation.
From the blue of our heaven, From the depths of our sea, Over our eternal mountain ranges, Where the cliffs give answer.
Sounds the call to come together, And united we shall stand, Let us live and strive for freedom, In South Africa our land.
[Enoch Mankayi Sontonga]
WAKE UP !!! STAY UP !!!
[http://www.infowars.com/infowars.asx] / [gcnlive.com] / [http://alexjonesringtones.net/] Life Is A Game. Have Fun . Luke 18:17 - Isaiah 11:6