rvp2018:
Debt to GDP is good indicator.
But not as good as debt to revenue or tax...servicing ratio...or ability to repay..or how much you will spend to repay the loan annually
Nigeria is at 100 percent.
Kenya is at 50 percent on tax - and 35 on revenue.
Idealy a country like an indiviual should not exceed 1/3 of his income in paying debt.
S0 kenya is slightly not okay.
Nigeria is a zoo!

The fake GDP will not pay debt. It's gov revenues that repay debt.

Rubbish... trying to be clever

Sri Lanka says hi! because Kenya is probably next in line...

Nigeria debt to GDP ratio is moderate and it debt services means nothing so long that our robust economy is capable of paying our debt without default like Kenya seeking Euro bond to escape it debt default...

Again all we need to do is expand our tax net which the government is doing right now, so we are good to go..while Kenya is about to go Sri Lanka way, but much worst.

Wizzzzmike:


Kenya is the real zoo lol. Water to exchange sex. This bull sh!t will never happen in Ghana.

This is worst than a zoo...it an hellhole

Balogunodua:

Rubbish... trying to be clever

Sri Lanka says hi! because Kenya is probably next in line...

Nigeria debt to GDP ratio is moderate and it debt services means nothing so long that our robust economy is capable of paying our debt without default like Kenya seeking Euro bond to escape it debt default...

Again all we need to do is expand our tax net which the government is doing right now, so we are good to go..while Kenya is about to go Sri Lanka way, but much worst.

This is why I miss former finance minister Kemi. She was working seriously on expanding our tax net. If we expand our tax net, we don't even need to borrow. I can't count how many jobs and businesses people around me venture into all the time without even thinking about taxes.

Why not end the fuel levy - that is costing 9B dollars - and inject the money in free primary school - especially in the north. It obvious the current generation is beyond salvage. At least try to save the next generation.
https://www.reuters.com/world/africa/nigeria-expects-fuel-subsidy-could-cost-96-bln-2022-oil-prices-rise-2022-04-09/

GeneralDae:

This is why I miss former finance minister Kemi. She was working seriously on expanding our tax net. If we expand our tax net, we don't even need to borrow. I can't count how many jobs and businesses people around me venture into all the time without even thinking about taxes.

Facts are stubborn. Ghana is most likely Srilanka. Next Ethiopia (civil war)
https://www.bloomberg.com/news/articles/2022-05-17/sri-lanka-default-hints-at-trouble-ahead-for-developing-nations

At least 14 developing economies tracked in a Bloomberg gauge have debt yields at an excess of 1,000 basis points over US Treasuries, a threshold for bonds to be considered distressed.

The added pressures of rising food and energy prices has already started to bubble up in other countries, including Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the pandemic. Pakistan, Ethiopia and Ghana are also in danger of following suit , Bloomberg Economics said last month.

Balogunodua:

Rubbish... trying to be clever

Sri Lanka says hi! because Kenya is probably next in line...

Nigeria debt to GDP ratio is moderate and it debt services means nothing so long that our robust economy is capable of paying our debt without default like Kenya seeking Euro bond to escape it debt default...

Again all we need to do is expand our tax net which the government is doing right now, so we are good to go..while Kenya is about to go Sri Lanka way, but much worst.

Ghana eurobond is now junk - yield of 15%.
People are dumping it - because they dont see Ghana being able to pay up.

The countries likely to go burst in next few months are these.

rvp2018:
Facts are stubborn. Ghana is most likely Srilanka. Next Ethiopia (civil war)
https://www.bloomberg.com/news/articles/2022-05-17/sri-lanka-default-hints-at-trouble-ahead-for-developing-nations

At least 14 developing economies tracked in a Bloomberg gauge have debt yields at an excess of 1,000 basis points over US Treasuries, a threshold for bonds to be considered distressed.

The added pressures of rising food and energy prices has already started to bubble up in other countries, including Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the pandemic. Pakistan, Ethiopia and Ghana are also in danger of following suit , Bloomberg Economics said last month.

The only country following Sri Lanka right now is Kenya with your current desperate food queues and fuel queues.


Next will be your current election getting messy because of the level of poverty on your streets

Bla de bla of a bleating goat.
The data is here...

Just40:
The only country following Sri Lanka right now is Kenya with your current desperate food queues and fuel queues.


Next will be your current election getting messy because of the level of poverty on your streets

rvp2018:
Ghana eurobond is now junk - yield of 15%.
People are dumping it - because they dont see Ghana being able to pay up.

The countries likely to go burst in next few months are these.

explain how Ghana will go burst when it only uses 45% of it revenue for debt service ?


Economics is really not your thing.


Of all the countries you're so desperate to get to Kenyas level, Kenya will most likely go burst out of all of them.

With Kenya spending 80% of it revenue to service debt, it is no wonder that that zoo can't afford to buy fuel.

Currently you can't even pay your public servants unless you borrow, that is how bad things are for you.

If you think Kenya will default anytime soon - then you got jokes. If kenya did not default in 90s - it cannot now.

We have very low external debt. Most of debt is borrowed from kenyans. Gov can just print KShs and pay it off.

We only spend 10 percent of our revenues to pay off external debt.

rvp2018:
Bla de bla of a bleating goat.
The data is here...

the data still remains that Ghana spends 45% of revenue to service debt.

As for debt coupons going high, it's normal economic response to tightening.


How will Kenya pay it public servants should be your major worry as a Kenyan right now..

Not being able to do that will lead to a messy collapse.


Instead if blabbing help Kenya

How will you understand when you're mad?
Ghana and Zambia are cojoined twins for as long as I can remember.
You always make the wrong choices.
Kenya majority of debt is domestic debt. It impossible to default on domestic debt. Because gov can just mint money and pay off.
Now we are very very careful with external debt.

Move to Ghana - you have almost very little domestic debt - and lots of external debt.
External debt is paid in dollars.
Your cedis depreciate by 20 percent - you need 20 percent more dollars to pay off.

This is why you're likely to default - EXTERNAL DEBT

Just40:
explain how Ghana will go burst when it only uses 45% of it revenue for debt service ?


Economics is really not your thing.


Of all the countries you're so desperate to get to Kenyas level, Kenya will most likely go burst out of all of them.

With Kenya spending 80% of it revenue to service debt, it is no wonder that that zoo can't afford to buy fuel.

Currently you can't even pay your public servants unless you borrow, that is how bad things are for you.

rvp2018:
If you think Kenya will default anytime soon - then you got jokes. If kenya did not default in 90s - it cannot now.

We have very low external debt. Most of debt is borrowed from kenyans. Gov can just print KShs and pay it off.

We only spend 10 percent of our revenues to pay off external debt.

Your really desperate..... We are in 2022 and not 2000.

If Kenya was spending 20% of revenue to service external debt in 2000, how much was it spending to service it total debt in 2000?

How did things get so bad that you're not spending 80% ?

1) Ghana debt to gdp is now 83 percent.

Ghana's Debt 2022
According to its April 2022 Fiscal Monitor report, the country's total debt was estimated at 81.8 per cent of GDP in 2021, higher than the 80.1 per cent, approximately GH¢351.8 billion quoted by the Bank of Ghana.Apr 26, 202

2) Ghana servicing ration - debt to revenue - 72 percent

In 2020, debt service alone (paying interest plus amortisation) consumed 70% of revenue. That's close to the level of 72% before the country subscribed to the Heavily Indebted Poor Countries initiative.Feb 20, 2022

Just40:
the data still remains that Ghana spends 45% of revenue to service debt.

As for debt coupons going high, it's normal economic response to tightening.


How will Kenya pay it public servants should be your major worry as a Kenyan right now..

Not being able to do that will lead to a messy collapse.


Instead if blabbing help Kenya

Dont gorge yourself on external debt. You need to develop domestic debt market. Nigeria has done it. Kenya has I think 2nd most advanced domestic debt market after South Africa.

Instead of flouting Eurobond - float domestic bonds.

You're exposed to exogenous or external risk like Ukraine with external debt - and it out of your control

Just40:
Your really desperate..... We are in 2022 and not 2000.

If Kenya was spending 20% of revenue to service external debt in 2000, how much was it spending to service it total debt in 2000?

How did things get so bad that you're not spending 80% ?

rvp2018:
How will you understand when you're mad?
Ghana and Zambia are cojoined twins for as long as I can remember.
You always make the wrong choices.
Kenya majority of debt is domestic debt. It impossible to default on domestic debt. Because gov can just mint money and pay off.
Now we are very very careful with external debt.

Move to Ghana - you have almost very little domestic debt - and lots of external debt.
External debt is paid in dollars.
Your cedis depreciate by 20 percent - you need 20 percent more dollars to pay off.

This is why you're likely to default - EXTERNAL DEBT

typical Kenyan lunacy.

You do realize that things are far better in Zambia than in Kenya?

You do realize that you can't default on your domestic debt right? You do realize that you borrowed them in dollar denomination right?
You do realize that if Kenya default on domestic debt with it has to pay in hard currency, a lot of Kenyans will have to sell their wives to European tourist right ?

The cascading effect will be so dangerous for your society.

rvp2018:
1) Ghana debt to gdp is now 83 percent.

Ghana's Debt 2022
According to its April 2022 Fiscal Monitor report, the country's total debt was estimated at 81.8 per cent of GDP in 2021, higher than the 80.1 per cent, approximately GH¢351.8 billion quoted by the Bank of Ghana.Apr 26, 202

2) Ghana servicing ration - debt to revenue - 72 percent

In 2020, debt service alone (paying interest plus amortisation) consumed 70% of revenue. That's close to the level of 72% before the country subscribed to the Heavily Indebted Poor Countries initiative.Feb 20, 2022

first of... Get your facts right

Ghana debt to GDP is not 70%


Ghana debt to revenue is 45% as at April


Now what's your next desperate excuse for Kenya 80% debt servicing?

What are you saying Niggah? Want to write in Twi? or this just beyond your paygrade??

Just40:
typical Kenyan lunacy.

You do realize that things are far better in Zambia than in Kenya?

You do realize that you can't default on your domestic debt right? You do realize that you borrowed them in dollar denomination right?
You do realize that if Kenya default on domestic debt with it has to pay in hard currency, a lot of Kenyans will have to sell their wives to European tourist right ?

The cascading effect will be so dangerous for your society.

You respond with evidence - not diarhoea!

Just40:
first of... Get your facts right

Ghana debt to GDP is not 70%


Ghana debt to revenue is 45% as at April


Now what's your next desperate excuse for Kenya 80% debt servicing?

rvp2018:
Dont gorge yourself on external debt. You need to develop domestic debt market. Nigeria has done it. Kenya has I think 2nd most advanced domestic debt market after South Africa.

Instead of flouting Eurobond - float domestic bonds.

You're exposed to exogenous or external risk like Ukraine with external debt - and it out of your control

only a fool will out borrowing the private sector in the domestic market .... No wonder Kenyan private sector is not able to create enough jobs for Kenyans because they can't really expand profitable businesses.


A govt duty is not to borrow in the domestic market when it needs funds.
This is counter productive


You simply don't know much about economics

rvp2018:
What are you saying Niggah? Want to write in Twi? or this just beyond your paygrade??

Your country borrowed foolishly and spent on unprofitable ventures and now it is unable to pay it public and civil servants because debt servicing is 80% of revenue.

It is even not able to buy fuel..

Economics is not your thing humble yourself and be taught simple stuff

We balance - 50 percent domestic; 50 external; of the external; we avoid commercial loans like eurobond; we do 75 percent zero interest long maturity development loans from china/worldbank/and such...these are concessional loans...that you dont worry about.

Now move to Ghana almost 80 percent external debt; almost 80 percent of that external debt is commercial; CRAAZZZZZZZZZZZZZZZZZY

One good thing - you're in good company in Ghana - everyone there seem to been mad !!

Just40:
only a fool will out borrowing the private sector in the domestic market .... No wonder Kenyan private sector is not able to create enough jobs for Kenyans because they can't really expand profitable businesses.


A govt duty is not to borrow in the domestic market when it needs funds.
This is counter productive


You simply don't know much about economics

rvp2018:
You respond with evidence - not diarhoea!

I've posted it several times here and everyone has seen.


Instead of running away from facts and pulling shit out your ass to make silly comments, you can start by telling the truth so Kenyan can come out of this mess.

When all Kenyans start doing this, your country will start getting things right so all Kenyans can become better.

FACTS. Quote data from somewhere credible. Stop heckling. You country will go burst while we are here.

Just40:
Your country borrowed foolishly and spent on unprofitable ventures and now it is unable to pay it public and civil servants because debt servicing is 80% of revenue.

It is even not able to buy fuel..

Economics is not your thing humble yourself and be taught simple stuff

rvp2018:
We balance - we 50 percent domestic; 50 external; of the external; we avoid commercial loans like eurobond; we do 75 percent zero interest long maturity development loans from china/worldbank/and such...these are concessional loans...that you dont worry about.

Now move to Ghana almost 80 percent external debt; almost 80 percent of that external debt is commercial; CRAAZZZZZZZZZZZZZZZZZY

One good thing - you're in good company in Ghana - everyone there seem to been mad !!

so now you don't have more domestic debt than external, you rather balance ?

When will you stop telling lies just to make a point ?

You do what 70% long interest what?

Your debt servicing cost is 14 billion dollars per annum... Tell me more about long servicing..... Stop lying and your country will developed properly.


Ghana has 48% 52% external and domestic debt, last I checked..

Deal in facts

Study this graph keenly - and start to dollarize.

Just40:
so now you don't have more domestic debt than external, you rather balance ?

When will you stop telling lies just to make a point ?

You do what 70% long interest what?

Your debt servicing cost is 14 billion dollars per annum... Tell me more about long servicing..... Stop lying and your country will developed properly.


Ghana has 48% 52% external and domestic debt, last I checked..

Deal in facts

rvp2018:
FACTS. Quote data from somewhere credible. Stop heckling. You country will go burst while we are here.

So Bloomberg is no longer credible ?


Before Ghana will go burst, Kenya will not exist as a nation on the map.


Especially with using 80% of revenue to service debt.
Why do you think you currently have fuel lines and food scarcity ?

Why do you think government workers haven't been paid for months in your country ?

Factual

We are not Ghana morons - we have always manage our public finance prudently.

Just40:
So Bloomberg is no longer credible ?


Before Ghana will go burst, Kenya will not exist as a nation on the map.


Especially with using 80% of revenue to service debt.
Why do you think you currently have fuel lines and food scarcity ?

Why do you think government workers haven't been paid for months in your country ?

Factual

rvp2018:
Study this graph keenly - and start to dollarize.

The graph means absolutely nothing ...

It just mean that is Ghana wants to borrow, it will be expensive.



Unfortunately Kenya so badly need debt and without it, the entire country will collapse and if it borrows too, the entire country will collapse because it won't be able to repay the loans.

You see how desperate things are for you, no wonder you guys are so desperate here.

Nobody is going to lend you anymore. Dont even think about it. Even debt vultures will not touch a skunk like Ghana.

Just40:
The graph means absolutely nothing ...

It just mean that is Ghana wants to borrow, it will be expensive.



Unfortunately Kenya so badly need debt and without it, the entire country will collapse and if it borrows too, the entire country will collapse because it won't be able to repay the loans.

You see how desperate things are for you, no wonder you guys are so desperate here.

rvp2018:
We are not Ghana morons - we have always manage our public finance prudently.

Lunatic

Do you know which year we are in?

Go there and learn sense
https://www.bloomberg.com/news/articles/2022-04-08/how-kenya-s-debt-service-obligations-climbed-to-12-billion

tylann:

Now that's the difference between you and Kenya
Uhuru kenyatta can show you what he has done with the borrowed money
Infact he is the best performing president in Kenya in terms of infrastructure development

Unfortunately my President is a wasteful clueless President