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Mon, 24 Jul 2023 Feature Article

The Bretton Woods Institutions, Relics Of Exploitation

The Bretton Woods Institutions, Relics Of Exploitation

It's becoming convincingly clear the Bretton woods institutions are in cahoots with our governments or our governments are clueless of the machinations of these organizations strategy of suppressing the economic growth of emerging economies in Africa.

These organizations adapt methods of chicanery to persuade our leaders or our leaders are in cahoots with them to impoverished the citizenry.

How could we be doing the same things and expecting different results, and we continue to do it at will, it's because it serves the parochial interest of the ruling class, hence the penchant of governments repeatedly goes to the IMF for endorsement to pull as many Ghanaians into poverty anytime they're threatened by the middle class begins to expand and being independent and enlighten.

The World Bank was happy to announce that about 850,000 Ghanaians were pushed into poverty in 2022 knowing very well they are equally an accomplices of the heinous crime perpetuated on the good people of Ghana.

Our governments are very happy having docile and gullible people whom they can easily manipulate and do not feel comfortable accommodating enlightened citizens, hence adopting policies that devalue the purchasing power of individuals and to extend attacking the investment of poor pensioners...

The IMF does not think compelling the government to downsize a priority and that has emboldened the government in their profligate expenditures on the large government machinery. Almost every Ghanaian detest the conduct of government and expectant on the IMF to compel them to do so, but rather certified the draconian policy that pushed about 85,000 Ghanaians into poverty in 2022

It's unconscionable for the ruling class to login to the exploitative game plan of these imperialist organization that imposes austere conditionality that causes pain and anguish on the citizenry.

Is it not a shame for a proud country like Ghana that proclaimed on the independence eve the Blackman is capable of managing it's affairs....

Let's pause, reflect and proof to the world once again the Blackman is capable of managing it's affairs.

Mike Kalley
Sociopolitical Analyst.

Michael Kalley-Dotse
Michael Kalley-Dotse, © 2023

Sociopolitical AnalystColumn: Michael Kalley-Dotse

Disclaimer: "The views expressed in this article are the author’s own and do not necessarily reflect ModernGhana official position. ModernGhana will not be responsible or liable for any inaccurate or incorrect statements in the contributions or columns here." Follow our WhatsApp channel for meaningful stories picked for your day.

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