In any country where the factors of production is weak, or are not efficiently managed, or in nonexistent, the productive environment will definitely be affected, and the overall economic output will be low, and adversely affected.
Once job creation becomes a hurdle, and you hear people complaining about how to feed themselves, and sustain their families, crime activities will be higher, and insecurity will be high as well.
If you have a Central Bank that has a specialty in printing money without recourse to prudence and better technical advice to the managers of the national economy, inflation, which is mostly an adverse economic variable, will show up its ugly head without warning.
Negative economic outlooks of nations, and poor econmic-activity management by officers of Central Banks affects businesses, private individuals, and collective household incomes.
Economic hardships creates loses: Businesses and the purchasing power of individuals in particular, will be negatively affected, leading to high-priced war in the commercial streets.
An African Central Bank must play a pivotal role in economic and financial management of their respective nations, and this they must strive to achieve without failure, deviod of must losses.
Frankly speaking, Africans can do much better, and rise above ineptitudeness, especially in the management of national financial spaces.
Source:Mybrytfmonline.com/Kwabena Nyarko Abronoma
