Its all about China
Trade liberalization has done and is doing Ghana a lot of good, even though it comes with its own implications. You will agree with me that almost everything on the Ghanaian market has its China version. Household items, electrical appliances, wax prints, ICT devices etc,.One thing I like about the Chinese is that they have made it possible for each person to acquire items according to his means, in order words each person can now cut his coat according to his cloth. A walk through Kwame Nkrumah Circle towards the Vodafone office in Accra reveal a lot of these Chinese phones which are so affordable that even a primary school pupil can afford. Once I went to a shop to buy a cell phone, I was told the price was GH¢875.00. I inquired about the Chinese version of that same phone and was told it costs GH¢60.00. Can you imagine the difference? If I had bought the Chinese phone I would have saved about GH¢815.00. Wax print sellers in the Central Business District also share the same story. A GTP wax print that costs about GH¢35.00 will be sold for GH¢13.00 if it is from China. Such items as shoes, bags, you name it costs less than a fortune.
But you know the implications, when Chinese phones fall, they do not rise again no matter what, with the wax print, it has to be dry cleaned. For the household appliances, I need not tell you. Nevertheless, the Chinese are enabling those below the poverty line also have their fair share of the national cake.