Bright Simons of the Imani Center for Policy and Education in Accra told Africa Confidential ‘By far the most urgent issues facing the new administration are fiscal in nature...
But Bright Simons at the Imani Centre asks what specific problem this categorisation solves...
Many senior NPP figures had failed to understand the depth of antipathy towards their government according to Bright Simons of IMANI an Accra-based think-tank said ‘The NPP did not expect this decisive defeat… The tone-deafness of the NPP [amidst the numerous scandals and economic malaise] was unprecedented...
Bright Simons of the Imani think tank in Accra who last year predicted that T-bill reliance could push domestic borrowing costs to over 30% a year now says that rather than relying on 91-day 182-day and 364-day T-bills the government is now selling T-bills of much shorter maturity to favoured dealers rather than in official auctions at double-digit monthly costs (AC Vol 64 No 25 Questions on electioneering budget)...
But as Bright Simons of the IMANI thinktank recounts ‘the control room equipment and surveillance software were never fully deployed...
It doesn't mean though that they are not reversible can't be slowed [down] or overridden by other processes such as a Muslim northerner ' argued Bright Simons a research executive at Imani an Accra-based think-tank...
Bright Simons of the IMANI Centre for Policy and Education in Accra questions whether the stakes acquired by the minerals income investment fund could be diluted in the future...
Bright Simons of IMANI an Accra-based think tank reckons that Bawumia and the NPP still have a path to a presidential win if the NDC cannot get its own 'Akan heartland' strategy...
Bright Simons of the IMANI Centre for Policy and Education in Accra says this reliance on T-bills in effect inflicts a borrowing cost on the government in excess of 30% a year and could during 2024 reverse this year's reduction in its domestic debt service payments...
Bright Simons of the IMANI Centre for Policy and Education in Accra argues that the BoG's significant loss in credibility has already undermined its monetary policy including its ability to conduct open market operations...
Bright Simons Vice-President of the IMANI Africa think-tank argues that 'of these four reasons only the last [interest expense on monetary policy operations] can be adduced to support the BoG's innocence but it accounts for only 6% of the losses...
Because it may stop the drift to hyperinflation and help stabilise the cedi (which is currently the fastest appreciating emerging market currency according to Bloomberg News) the IMF deal could give the NPP a fighting chance in the 2024 elections says Bright Simons of the Accra-based IMANI Centre for Policy and Education...