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Ghanaian Authorities Shut Nigerian Shops, Make Arrests - Business (11) - Nairaland

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Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by shesi(m): 9:56pm On Sep 13, 2010
How many times will this same topic be recycled to the homepage of nairaland?

And as usual, Gbawe is prominent here masquerading as a reasonable person when in fact he's little more than a bitter failure looking to blame others for his own ineptitude.

For anyone entertaining thoughts of taking Gbawe seriously, allow me to educate you on the recent history of this fella.

Here is a man who couldn't hack it in one of the melting pots of the world (London) and so figured he would carry himself and his family to Ghana to try their luck.  He thought he could waltz in and be an instant big player. Do what he wants.

Unbeknown to him, Ghana is not a place where mediocrity is celebrated (unlike a certain place that shall remain nameless.)  He quickly found this out though, in a painful way too, it seems. And since then he has been on a personal vendetta mission to paint Ghanaians evil (against global consensus) to make himself feel better.

Give it up bro. Get some therapy. Move on.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 9:56pm On Sep 13, 2010
Abrantie:

Prior to about 1996, the term armed robbery or 419 wasn't part of Ghana's vocabulary. Prior to 2000, Nigerians had their sights on Europe/USA etc. Then the Nigerian invasion and crime slowly picked up. Have you connected the dots yet? Are you still surprised and perplexed why the whole world is hostile towards Nigerians? Don't you detect even a tiny cause-and-effect thingy going on here? Come on Gbawe, you can't be that daft!

You and Africanson say the xenophobia against Nigerians is due to crime, 4.19 , etc . That is simplistic and it serves your purpose conveniently .  I say it is due to how Ghanaians feel envy and marginalistions at the success of Nigerians on Ghana's soil   . When Nigerian banks are the best performing banks , Ghana's premier Cinema is Nigerian and Nigerian eatery chains are all that stand between a 100% domination of that sector by the Lebanese, etc, etc  surely you "can't be that daft" in failing to "connect the dots" to know that envy of those who seem to have everything while we , the "deserving owners", have nothing is always an instigator of xenophobia . We have seen this all around the world. Anyway lets agree to disagree . Ghanaweb , and it foul-mouthed and hateful rants against the "devilish and demonic 4.19ner, awaits you , Africanson and others. You will love it there as you would be in your element since everyone will be in total agreement with all you are saying. Paradise .

1 Like

Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Abrantie: 10:03pm On Sep 13, 2010
[QUOTE]Unbeknown to him, Ghana is not a place where mediocrity is celebrated (unlike a certain place that shall remain nameless.)[/QUOTE]

He expected mini Lagos at a fraction of the Naira served to him on a silver platter. This was after all, insignificant Ghana. Hey, Gbawe, we play hard in Ghana too.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 10:11pm On Sep 13, 2010
shesi:

How many times will this same topic be recycled to the homepage of nairaland?

And as usual, Gbawe is prominent here masquerading as a reasonable person when in fact he's little more than a bitter failure looking to blame others for his own ineptitude.

For anyone entertaining thoughts of taking Gbawe seriously, allow me to educate you on the recent history of this fella.

Here is a man who couldn't hack it in one of the melting pots of the world (London) and so figured he would carry himself and his family to Ghana to try their luck.  He thought he could waltz in and be an instant big player. Do what he wants.

Unbeknown to him, Ghana is not a place where mediocrity is celebrated (unlike a certain place that shall remain nameless.)  He quickly found this out though, in a painful way too, it seems. And since then he has been on a personal vendetta mission to paint Ghanaians evil (against global consensus) to make himself feel better.

Give it up bro. Get some therapy. Move on.



As usual the chief liar and hater shows up. You are probably the most comical character in cyberspace. Everyone knows your history of lies and deciet . Casually maligning the character of others has never served you well . it merely exposes you as an uncouth and hateful chap. Like I advised the others , please go to Ghanaweb. There everyone is in unison. You will be at 'home' . I suspect you all hang around here because of how all  Nigerian website are vastly superior in content to the trivia you Ghanaians take to be "discussions" on your various sites . It would be no different to how the top two daily papers in Ghana (Graphic and Daily guide) are pathetically flimsy two page rags that discuss frivolous news while their  many, many Nigerian equivalent are quality compositions , of many pages , containing highly informative local and international news.  

Surely you can appreciate that you all look like jobless losers with how you hang around only to ever join topics that involve Ghana ?
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by shesi(m): 10:13pm On Sep 13, 2010
Again, all your responses here point to a glaring character flaw in majority of Nigerians : Delusions of Grandeur.

Not to be confused with patriotism. I could spend time to pick apart the nonsense claims of so called nigerian dominance of the ghanaian economy but i won't waste my time. Mainly because i've done it several times on different threads on this very same topic. Most of these arguments from the likes of Gbawe and co point to the character flaw i have mentioned above. You see one nigerian originated junk food franchise in ghana and you draw the conclusion that the industry is nigerian dominated. Without actually knowing the nationality of the person who owns that particular franchise.

It all sounds quite stupid actually if you take the time to analyze these claims.

"we should pull out all our investments and see if they won't come begging" Listen dumbos, magnanimity is not a trait found in businessmen. No nigerian comes to invest in ghana as a favor to the ghanaian people.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by sparkle(f): 10:17pm On Sep 13, 2010
@Shesi - on the contrary I disagree.  Gbawe is supplying very important factual information.  So many Nigerians have wrong misconception about Ghanaians.   It is important Nigerians wishing to invest in Ghana know what they are up against.  I truly commend Gbawe for exposing the lies and hypes Ghana is all about.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by shesi(m): 10:25pm On Sep 13, 2010
sparkle:

@Shesi - on the contrary I disagree.  Gbawe is supplying very important factual information.  So many Nigerians have wrong misconception about Ghanaians.   It is important Nigerians wishing to invest in Ghana know what they are up against.  I truly commend Gbawe for exposing the lies and hypes Ghana is all about.

You will be making a grave mistake if you based your opinion of Ghana and it's people, business environment etc, on anything Gbawe has to say. One man's opinion cannot overrule that of a million others they say. Thus the opinion of half a man (as is the case here) can definitely not overrule that of the majority of the world.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Princek12(m): 10:29pm On Sep 13, 2010
At least we can say Ghana, just like South Africa, has now began to embarrass Nigerians, yet our leaders will not learn that our power infrastructure needs to be fixed so we can improve our economy. When will our leaders learn? Do they have to wait for Chad, Togo, or Benin Republic to embarrass us before our leaders learn?
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by manny4life(m): 10:34pm On Sep 13, 2010
Abrantie:

You are all over the place.

Ok, Nigerians are the most visitors to Ghana, followed by Americans. Nigerians stay the longest and most don't return. The population of Nigerians in Ghana is extremely high (after all y'all are the Giant of Africa). There's no way Ghana's economy and infrastructure can absorb the rate at which Nigerians are pouring into Ghana. Mind you, the Cedi is strong so that might be the main reason to live and work in Ghana.

So this law, which on the surface looks like it's simply meant to collect $300K per foreigner, is actually targeted at the exploding Nigerian migration to Ghana.

It's so obvious that a petty trader cannot afford $300K isn't it? So the majority would just have to leave or engage in crime. So I predict some type of Nigerian Deportation Order in the very near future.

Huh come again, you can spew all that Nigeria are rogues but when it comes to economics, you're no where near it. Why was the Cedi reintroduced again? Any economist if you ask me does not support in anyway introduction of newer currencies to replace the old ones. You old one was exchanging for almost 15k to $1, there was no major economic boom in Ghana that would have dropped it by 1,000% points, so what happened ?  Here is a classic case of Zimbabwe and hyperinflation. How does one's currency play a role in where to live and work? Doesn't quite make any sense if you ask me. Currency in economics is a Macro economic tool, where one works and live is Micro economic indicator. I mean if you ask me, unless the Ghana's output GDP  per person is high I mean comparable to other currencies within its class, its useless. Makes sense to see why they demanding $300k from Nigerians petty traders, to shore up local investment to increase GDP, but it sure ain't working because I trust my Naija people, U.S. maybe, Ghana, to hell with it.

Obviously you agreed that the law was targeted particularly to exploding Nigerians, look I'm not surprised, and speaking about deportation order, you mean like "Ghana must go"? Trust and believe, it sure ain't coming to that point.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by manny4life(m): 10:40pm On Sep 13, 2010
sparkle:

@Shesi - on the contrary I disagree.  Gbawe is supplying very important factual information.  So many Nigerians have wrong misconception about Ghanaians.   It is important Nigerians wishing to invest in Ghana know what they are up against.  I truly commend Gbawe for exposing the lies and hypes Ghana is all about.

I agree with you on that. Any country like Ghana seeking investment to increase output in GDP must remove investment barriers not create them. For instance, countries under the North American Free Trade Agreement all comply by those agreement and U.S. cannot impose barriers on a petty trader coming to the U.S. to trade same would apply if a U.S. trader was to go to Canada.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 10:45pm On Sep 13, 2010
Abrantie:

He expected mini Lagos at a fraction of the Naira served to him on a silver platter. This was after all, insignificant Ghana. Hey, Gbawe, we play hard in Ghana too.

grin grin grin grin grin grin grin  I saw what Shesi wrote but I graciously ignored it to spare you guys further humiliation but you never learn. Nigerians are some of those who have the NHS (National Health Service) and IT industry on lockdown , amongst many other , in the UK with their technocratic skill yet the same folks will find Ghana hard to compete in when your Country is controlled by the Lebanese , who never come to the UK because of how their mediocrity will be exposed here,  and the Chinese who sell DVD's on the Streets of London? grin grin Excellent logic  grin grin

Please try and take note of what Nigerians are doing in the UK in many sector (property development, Fashion, Nightclub, Eatery,investment banking , etc, etc) , even as you think they are all armed robbers, before you expose your idiocy with asinine statements. All manner of unskilled Chinese, Bangladesh, Indian, Lebanese folks are controlling Ghana to the extent of even the most mundane sector and you fathom that I found it difficult in Ghana? The specialist skills I have , the lebanese and Chinese folks can only dream about . Let them , minimally , even learn how to speak english first before we talk. When those who use hand signals are your boss , you guys should keep your mouth shut and stick to opening "chop bars" while Nigerians offer the only competition to the Lebanese by providing you with franchised eatery chains  grin grin Obviously it would hurt you too much to believe , as an individual with options, I simply rejected your openly xenophobic nation.

Abrantie you are best advised not to side with a discredited liar who is actually even worse than you when it comes to wild fabrications . His modus operandi , known to virtually all Nairalanders , consist entirely of passing off inane statements as fact. The fact is that very mediocre folks , who are never seen in ultra-competitive nations where Nigerians excel , are the ones controlling your nation. This is so because they see how indolent and lacking in ambition the average Ghanaian man is . Ghana is paradise for them and they (especially the Lebanese) have started bad-mouthing those(Nigerians) that are threatening their erstwhile 100% control of certain business sectors in Ghana they have enjoyed for many years !!! These same folks are only reduced to laundering money for our politicians (Lebanese) unlike how you allow them to control everything in your country !!!

It is in Nigeria , not Ghana, that mediocrity is not tolerated and this is why the Lebanese , or anyone else for that matter, cannot come and control eatery chains (as they do in Ghana) ahead of competitive Nigerian. Most other sectors are the same. You guys should take my advise and go to Ghana web . They would have clapped for what shesi wrote that you praised . Sadly, on this forum you will only get 'filleted' .

1 Like

Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Akwasi(m): 10:49pm On Sep 13, 2010
I wonder why some Nigerians here including their moderator always go out "phishing" for hateful Ghanaian news. Ex President Kuffour named a street after the former president, Obasanjo and these guys never thought that was such a great news.

I am actually glad that it is some few "disillusioned"(using that word with a caution) ones that are spewing their hate here.

What remains is that Ghana does not discuss Nigerian laws and Nigeria should not and I repeat should not even dream of getting Ghana to change its statutes because of them.

Give Ghana a break because that law was not made with Nigeria in mind. go through your books and if you don't find a similar law in your constitution then hang yourself because you are living in a useless country that does not know how to protect its citizen's interests!
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by otumfour(m): 10:54pm On Sep 13, 2010
why y'all making it seem like Naija dey run wanna economy?, did I see som1 bragging wit chicken republic et al? Lol I no go buy from there again sef, wht do u guyz know abt Nigerian banks suffering to lure Ghanaians into saving in their banks becuz some silly Nigerians had spoilt Nija's reputation and now tht they'v gained the trust of some Ghanaians, u have some stupid nyansh Nigerians f'ing it up, I mean wht do Nigerians really want?, when we accept a Nigerian business to operate in Ghana u go take bluff if we don' u'll tlk, I mean wht else do u want?, lol if glo had landed I can only imaging the flow of braggarts on here, its sad tho mahn, bragging be wht, no wonder they claimed joy fm wuz owned by a Nigerian,
They make it sound as if they run things down here when in actual fact lol, we don' even see u, ma people, stay in ur country if u ain' ready to abide by the laws of the land, After all Ghana is the ''small Ghana'', the Ghana tht can't be compared to Naija grin,
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Akwasi(m): 10:57pm On Sep 13, 2010
otumfour:

why y'all making it seem like Naija dey run wanna economy?, did I see som1 bragging wit chicken republic et al? Lol I no go buy from there again sef, wht do u guyz know abt Nigerian banks suffering to lure Ghanaians into saving in their banks becuz some silly Nigerians had spoilt Nija's reputation and now tht they'v gained the trust of some Ghanaians, u have some silly nyansh Nigerians f'ing it up, I mean wht do Nigerians really want?, when we accept a Nigerian business to operate in Ghana u go take bluff if we don' u'll tlk, I mean wht else do u want?, lol if glo had landed I can only imaging the flow of braggarts on here, its sad tho mahn, bragging be wht, no wonder they claimed joy fm wuz owned by a Nigerian, 
They make it sound as if they run things down here when in actual fact lol, we don' even see u, ma people, stay in your country if u ain' ready to abide by the laws of the land,  After all Ghana is the ''small Ghana'', the Ghana tht can't be compared to Naija grin,

Charlie menfii nkorofo wei. It is just some of them, generally most of them outside Nigeria are pretty good to fellow Africans
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Princek12(m): 11:03pm On Sep 13, 2010
Akwasi:

I wonder why some Nigerians here including their moderator always go out "phishing" for hateful Ghanaian news. Ex President Kuffour named a street after the former president, Obasanjo and these guys never thought that was such a great news.

I am actually glad that it is some few "disillusioned"(using that word with a caution) ones that are spewing their hate here.

What remains is that Ghana does not discuss Nigerian laws and Nigeria should not and I repeat should not even dream of getting Ghana to change its statutes because of them.

Give Ghana a break because that law was not made with Nigeria in mind. go through your books and if you don't find a similar law in your constitution then hang yourself because you are living in a useless country that does not know how to protect its citizen's interests!

Your inferiority complex inheres in your discussion. You seem to refer to Nigerians as "disillusioned" who are living in a "useless country" if there are no economic protectionism laws. Well, your country, wanna, has disregarded the ECOWAS treaty because of its invidious laws ostensibly created to protect Ghanaian interests. But everyone knows that the laws, as applied, unfairly targets Nigerian interests in Ghana. Nigeria has a resource that Ghana can never have--that is, it's people, which is a cause for envy. People are usually envious of another because that other person possesses what they can NEVER possess. If your country is so good, why do you guys invest a disproportionate amount of manpower talking and worrying about Nigerian issues? And remember, we Nigerians don't give a hoot about what is currently happening in Ghana.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 11:19pm On Sep 13, 2010
manny4life:

Huh come again, you can spew all that Nigeria are rogues but when it comes to economics, you're no where near it. Why was the Cedi reintroduced again? Any economist if you ask me does not support in anyway introduction of newer currencies to replace the old ones. You old one was exchanging for almost 15k to $1, there was no major economic boom in Ghana that would have dropped it by 1,000% points, so what happened ?  Here is a classic case of Zimbabwe and hyperinflation. How does one's currency play a role in where to live and work? Doesn't quite make any sense if you ask me. Currency in economics is a Macro economic tool, where one works and live is Micro economic indicator. I mean if you ask me, unless the Ghana's output GDP  per person is high I mean comparable to other currencies within its class, its useless. Makes sense to see why they demanding $300k from Nigerians petty traders, to shore up local investment to increase GDP, but it sure ain't working because I trust my Naija people, U.S. maybe, Ghana, to hell with it.

Obviously you agreed that the law was targeted particularly to exploding Nigerians, look I'm not surprised, and speaking about deportation order, you mean like "Ghana must go"? Trust and believe, it sure ain't coming to that point.

Some of these guys , apart from not being as bright as they should be, never understand they are way out of their league. I tell them to go to their dullard forum dem no gree.

Only a fool would posit that redinomination (basically rounding down a couple of decimal places in Ghana's case) translates into 'strenght'. Let me educate this fool. Ghana redenominated circa July 2007. 10,000 Cedis became 1 new cedi by rounding down of decimal places .  What the old 10,000 Cedis bought is precisely what the new 1 Cedi will now buy. At the time of redinomination it was 10,000 old cedis = 1 new Cedi = $1 . Today it is 1 new Cedi to around $1.44 . Where is the alluded strenght ? At redinomation it was about £1 to 1.9 Cedis. Today it is £1 to 2.2 new Cedis. Another slide against a major currency.

Now let see what the Naira is doing . It is £1 to 233 Naira . 'Olodo' Ghanaians would be jumping around thinking their currency is strong in comparison to Naira because they exchange 2.2 cedis for £1. Is it ? NO. If Nigeria redenominate also , and Soludo planned this with Yar Adua failing to accede, 233 Naira could become 23.3 Naira or 2.33 Naira . If we choose the 2.3 Naira option we would then have 2.2 cedis = £1= 2.33 Naira !!! Currently A pack of crisp sold for 2.2 cedis would sell for 233 Naira . If Nigeria also redenominated it would be 2.3 Naira.  In effect the naira is virtually the same as the Cedi except that goods are actually much cheaper in Nigeria using an homogenous inflation basket of goods for both nations .

1 Like

Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 11:32pm On Sep 13, 2010
Akwasi:

I wonder why some Nigerians here including their moderator always go out "phishing" for hateful Ghanaian news. Ex President Kuffour named a street after the former president, Obasanjo and these guys never thought that was such a great news.

I am actually glad that it is some few "disillusioned"(using that word with a caution) ones that are spewing their hate here.

What remains is that Ghana does not discuss Nigerian laws and Nigeria should not and I repeat should not even dream of getting Ghana to change its statutes because of them.

Give Ghana a break because that law was not made with Nigeria in mind. go through your books and if you don't find a similar law in your constitution then hang yourself because you are living in a useless country that does not know how to protect its citizen's interests!

Akwasi, you seem like a genuinely decent chap . I would ask you not to get involved here as I don't wan't you insulted by those who deem you same as all the other haters . you are the only Ghanaian here who actually contributes on threads and opens threads here that does not concern Ghana. The rest are not like that . They are hear only when Ghana is discussed to be abusive to Nigerians on our own site . Surely you can see how some will conclude you are sincere and they are not ? Don't align yourself with them.

Furthermore they are quick to insult everyone with foul-mouthed tirade while patronising us with hateful and outrightly foolish writing that expose innate bigotry . Did you not read how Africason decided that all Nigerians were armed robbers because he was robbed by a gang in Ghana with a Nigerian boss. He agreed the others were Ghanaian yet it is the Nigerian he has decided to hate enduringly !! Does that not signify that he is using prior issue of hate to justify the conclusion he was always going to come to invariably?

Every single one of them have , at one stage or the other, broken down in pathetically childish rage that prompt them to speak with the type of obscenely vitriolic language suitable only for the gutter . We know they are only here for that anyway since you won't see them on any thread that does not feed their belligerence . Once again, I urge you to avoid defending these guys. You may not be a hateful Ghanaian but Ghana has many and Nairaland does too. They all have no credibility here . Don't join them.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by chamber2(m): 11:39pm On Sep 13, 2010
@shesi

What time is it in Ghana now? Can we now sleep?Hence u think nothing good can come out of Nigeria what then r u doing in a Nigerian forum?Rather than weigh the impact/effect of such action in the relationship b/w d two countries (both now and in future) u r here laying curses at people.Pls go to bed.If that is what they teach in Ghanian schools I would rather not go to school.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Abrantie: 11:41pm On Sep 13, 2010
[QUOTE]How does one's currency play a role in where to live and work?[/QUOTE]

If that wasn't the case, the travel section on NL would be filled with "How do I get a Zimbabwean visa?"
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by manny4life(m): 12:00am On Sep 14, 2010
Abrantie:

If that wasn't the case, the travel section on NL would be filled with "How do I get a Zimbabwean visa?"

Dude I won't even waste my time talking to you? Remember the last time I told you, when you wanna talk, please llok at the fact then how does the fact relate to the entire context. In this context, I replied your post

"You are all over the place.

Ok, Nigerians are the most visitors to Ghana, followed by Americans. Nigerians stay the longest and most don't return. The population of Nigerians in Ghana is extremely high (after all y'all are the Giant of Africa). There's no way Ghana's economy and infrastructure can absorb the rate at which Nigerians are pouring into Ghana. [size=14pt]Mind you, the Cedi is strong so that might be the main reason to live and work in Ghana.[/size]

So this law, which on the surface looks like it's simply meant to collect $300K per foreigner, is actually targeted at the exploding Nigerian migration to Ghana.

It's so obvious that a petty trader cannot afford $300K isn't it? So the majority would just have to leave or engage in crime. So I predict some type of Nigerian Deportation Order in the very near future.


we're talking about Ghanaian currency and how does this currency play a role as in a determinant where one live or work. It was a response to your reply and you're here telling me about Travel section on NL. For a minute, I taught you were up to par, but damn I sure hell was wrong about you. 


You still yet to answer why the cedis was rounded down to almost 10,000% points. I mean looking from a macro economic perspective, doesn't make any sense. Like I said, Ghana is aggressively seeking investment to shore up their GDP because in general your GDP does not in anyway reflect the value of your currency which makes it useless. It's still gonna be hard for people to afford 100 cedis as opposed to if Ghana had a shored output GDP that would make valid sense. In my opinion, you just pushing back your sub hyperinflation. Unless there are aggressive investment to increase output, increase GDP and add value to your currency, Ghana just delayed (go figure). Now your currency has no value because technically there isn't anything there to give it value; GPC is low, perhaps debt to wealth index is high, I mean nothing. So if u're thinking its strong, think again.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Abrantie: 12:02am On Sep 14, 2010
[QUOTE]Only a fool would posit that redinomination (basically rounding down a couple of deciman places in Ghana's case) translates into 'strenght'. Let me educate this fool. Ghana redenominated circa July 2007. 10,000 Cedis became 1 new cedi by rounding down of decimal places .  What the old 10,000 Cedis bought is precisely what the new 1 Cedi will now buy. At the time of redinomination it was 10,000 old cedis = 1 new Cedi = $1 . Today it is 1 new Cedi to around $1.44 . Where is the alluded strenght ? At redinomation it was about £1 to 1.9 Cedis. Today it is £1 to 2.2 new Cedis. Another slide against a major currency.

Now let see what the Naira is doing . It is £1 to 233 Naira . 'Olodo' Ghanaians would be jumping around thinking their currency is strong in comparison to Naira because they exchange 2.2 cedis for £1. Is it ? NO. If Nigeria redenominate also , and Soludo planned this with Yar Adua failing to accede, 233 Naira could become 23.3 Naira or 2.33 Naira . If we choose the 2.3 Naira option we would then have 2.2 cedis = £1= 2.33 Naira !!! Currently A pack of crisp sold for 2.2 cedis would sell for 233 Naira . If Nigeria also redenominated it would be 2.3 Naira.  In effect the naira is virtually the same as the Cedi except that goods are actually much cheaper in Nigeria using an homogenous inflation basket of goods for both nations .[/QUOTE]


The purchasing power, and ease of earning a nation's currency, determines appeal. Today, it is quite easy to make C2.20 in Ghana compared to N233 (or N2.33 if redominated) in Nigeria. In Nigeria it would take extra resources, effort or expense to earn N233. In Ghana the cost of doing business is cheaper so more goes into one's pocket.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by otumfour(m): 12:06am On Sep 14, 2010
akwesi miaa mitumi hunu, nanso omoy3 aaa midi b3ma omo straight, abrantie ay3 womu pasaaa lol, ashi womu  papa
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by manny4life(m): 12:13am On Sep 14, 2010
Abrantie:


The purchasing power, and ease of earning a nation's currency, determines appeal. Today, it is quite easy to make C2.20 in Ghana compared to N233 (or N2.33 if redominated) in Nigeria. In Nigeria it would take extra resources, effort or expense to earn N233. In Ghana the cost of doing business is cheaper so more goes into one's pocket.



For real dude, is that the way you do your own economics? Seriously did you do Intermediate Macro economics in school. Nigeria would be the same as well as you guys, it would take 10k x more resource and effort to get one cedis because the rounding down of your currency did not in anyway affect output, therefore no significant change in GDP.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 12:25am On Sep 14, 2010
Abrantie:


The purchasing power, and ease of earning a nation's currency, determines appeal. Today, it is quite easy to make C2.20 in Ghana compared to N233 (or N2.33 if redominated) in Nigeria. In Nigeria it would take extra resources, effort or expense to earn N233. In Ghana the cost of doing business is cheaper so more goes into one's pocket.

All the stuff you write above is such amateurish crap that I don't even know how to respond . Why don't you ask MTN if their Ghana operation leaves them with more in their pocket , than their Nigeria operation, because of the higher cost of doing business in Nigeria in comparison to Ghana?   grin grin  I guess market size, taxation (with Ghana having one of the highest regime in the region) and other issues are not considered in your little fantasy theory?  Ridiculously foolish and rushed conclusion that cannot stand the test of simple logic . You guys have simply believed the hype , like cultists, that you now think others will accept the garbage you spew as logical.  Abeg carry go Ghanaweb jare.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Gbawe: 12:47am On Sep 14, 2010
manny4life:



For real dude, is that the way you do your own economics? Seriously did you do Intermediate Macro economics in school. Nigeria would be the same as well as you guys, it would take 10k x more resource and effort to get one cedis because the rounding down of your currency did not in anyway affect output, therefore no significant change in GDP.

My brother , these guys are always taking 'flights of fantasy' in the desperate attempt to convince themselves and the world that Ghana is what it is not . It is us with delusions of Grandeur yet Ghanaians are the ones constantly making outlandishly false and decietful statement. Shesi outrightly declared on this forum that Ghanaians now own 60% of every Nigerian bank operating in Ghana grin grin He claimed that new laws allowed Ghanaians to do this grin grin What manner of profit is in Ghana that would allow Nigerian banks to accede to such craziness when it would be more financially prudent for them to look elsewhere?

This is the problem with these guys . They geuinely believe that everyone views their nation as paradise !!!!
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by allycat: 1:10am On Sep 14, 2010
I just googled the ghanaweb article and was shocked by the degree of hatred emanating from that site. Please my fellow Nigerians we need to look inwards and take control of our destiny before we become refugees all over the world at the mercy of people that hate us. One power we have now is our vote. VOTE in the next election for the best man or woman and not your tribes man or village man. Pick the best. Then you do your personal best wherever you find yourself. We can make this place heaven if we all put our hearts and minds to it.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Ibime(m): 2:18am On Sep 14, 2010
Ghana no be your backyard. Anybody going to Ghana with less than certain amount (not necessarily $300k) is simply an economic migrant going there for better life and hoping to do petty trade to make ends meet.

They must have obviously considered the repercussions if Nigeria also set tarriffs on them and decided that they can afford to lose Nigerian exports. Kudos to them, let them do whatever is necessary to better their lot. They cannot absorb all castaways from this failed state called Nigeria.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by Seun(m): 2:20am On Sep 14, 2010
$300k is far too much.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by shesi(m): 2:29am On Sep 14, 2010
Ibime:

Ghana no be your backyard. Anybody going to Ghana with less than certain amount (not necessarily $300k) is simply an economic migrant going there for better life and hoping to do petty trade to make ends meet.

They must have obviously considered the repercussions if Nigeria also set tarriffs on them and decided that they can afford to lose Nigerian exports. Kudos to them, let them do whatever is necessary to better their lot. They cannot absorb all castaways from this failed state called Nigeria.


Refreshingly sound logic. All is not lost on nairaland afterall. This is the end of dicussion right here. It's quite simple really. A sovereign country has looked at it's situation and made a law that it feels is in it's best interest.

If the government of nigeria feels this Ghana law is in breach of any bilateral or multilateral treaty to which both countries are party, they should send the matter to international arbitration. That is what those institutions are there for. 
Other than that, just stfu. You don't go to someone's party and tell them what food to serve.
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by shesi(m): 2:34am On Sep 14, 2010
Seun:

$300k is far too much.

maybe so. in which case you are free to look elsewhere to invest your 299K. That is the message of the Ghana government. It's quite simple. They must have analyzed their situation before declaring this law.

If it's a kamikaze law, what does nigeria care? Leave Ghana to make her own mistake no?
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by manny4life(m): 2:53am On Sep 14, 2010
shesi:

Refreshingly sound logic. All is not lost on nairaland afterall. This is the end of dicussion right here. It's quite simple really. A sovereign country has looked at it's situation and made a law that it feels is in it's best interest.

If the government of nigeria feels this Ghana law is in breach of any bilateral or multilateral treaty to which both countries are party, they should send the matter to international arbitration. That is what those institutions are there for. 
Other than that, just stfu. You don't go to someone's party and tell them what food to serve.



International Arbitration? Yeah right, that isn't really important, after all if Ghana imposes their rules, Nigeria would retaliate and imposes theirs as well, I guess the equation is equal. Everyone does what's is in their best interest, don't you think?
Re: Ghanaian Authorities Shut Nigerian Shops, Make Arrests by jamnaijalo: 3:28am On Sep 14, 2010
The Nigeria-Ghana relationship is like that between Jamaica and Trinidad in the Caribbean. They hate us (Jamaicans) because we are a more popular country, with a richer culture and more vibes. They dangle their economic success all the time to try to make us look inferior and discriminate against us all the time.

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