The ongoing exchange of fire between Iran and Israel, two nuclear powers will have dire consequences on the global economy, especially vulnerable ones like ours.
We must braze up for challenging times, especially if efforts to de-escalate the belligerency does not yield positive outcomes.
The impact of such exchanges, especially with one of the parties being a major oil producer and exporter on the global economy, cannot be swept under the carpet.
For us in Ghana, these are interesting yet worrying times as the propaganda of yesterday is set to be exposed very soon.
The world woke up to the emergence of a pandemic which shook the foundation of the global economy, the ripple effects hitting Ghana very hard.
The then President Akufo-Addo, undeterred but shaken of course by the development, had to change the economic course and concentrate on preserving the lives of Ghanaians.
By this singular decision, the government had to swallow the bitter pill of economic regression. The outcome was dire yet politicians on the other side of the divide ignored the realities on the ground just so they could make political gain with the unfolding challenges.
The President was emboldened by the reality that the path of economic development could be embarked upon once the pandemic was over, not so the revival of the dead.
The pandemic occurred when hostilities had commenced between Ukraine and their neighbours Russia, another source of negative impact on our economy.
The NDC, obsessed with carrying out an abrasive propaganda, dismissed the two developments on the global stage stating that they had no impact whatsoever on the local economy.
Ironically, while speaking on the international stage, the acknowledgement of the impact of the two developments was made with relish.
That is how bad politics in this country is. After all, in the philosophy of the NDC as espoused by President John Mahama, in politics it is standard practice to blend truth with lies.
With the NDC in the saddle of governance and the effects of the hostilities between Iran and Israel on the economy set to dawn upon us soon if not already, we are waiting for what the Finance Minister or even the government would say.
Already, we have gotten hints of a suspension of the dumsor levy, which is a direct effect of the cost of oil on the world stage.
When we refuse to go along with excuses that the Iran and Israel hostilities will impact our economy negatively, we have a premise to refer to. After all, the NDC claims that our country being an island will not be affected by developments on the world stage.
Being mindful of what we put out on the public space when in opposition is critical because tomorrow when the pendulum of power swings to us, we would not be found wanting as the NDC is bound to be in the coming days.
After seeking to make capital out of temporary gains, the results of policies of the previous government anyway, an unpredictable world order is threatening the economy, unless the looming all-out war between Iran and Israel is averted.
