rvp2018:
Pure madness - especially base rate is 17.5 percent now - that mean commercial interest is 30 plus now.

And dont be a fool like west africa - who get monthly interest rates -

Interest rate is annual - and therefore if you bank quoted 10 - just know you're paying 120 percent.


Ghana Bank Lending Rate - February 2022 Data - Trading ...https://tradingeconomics.com › Ghana
Bank Lending Rate in Ghana averaged 29.59 percent from 2005 until 2018, ... is the average rate of interest charged on short term loans by commercial banks ..

unfortunately for you, commercial rates here are hovering around 10 to 17% which are annual rates.

The fact that Kenyan banks give you guys monthly rates does not mean everyone does same.

Jamestown123:
How can you say ghana doesn't have a debt crises? Are you for real now?

Yes I'm for real

Ghana debt servicing stands at 46% of revenue..

You hit crisis point when you start spending over 60% to revenue

Jamestown123:
Over 400,000 deaths recorded in a single year in kenya. It's a serious case. But talking about obtaining a driver's license and corruption, to be truthful it's happening in every african country. Let's just face it. We just need to do more and also speak out.

It even happens in the developed world, you can't stop that but you can minimize it.

My focus was on how bad the roads around GTC were and how chaotic their city centers were.

rvp2018:
Quote that Bloomerg article mad cow.

you have the internet lunatic ...
I don't have to teach you everything about your country situation

Just40:
unfortunately for you, commercial rates here are hovering around 10 to 17% which are annual rates.

The fact that Kenyan banks give you guys monthly rates does not mean everyone does same.

Source? No tantrums please.

gallivant:


Source? No tantrums please.

Add my bank, Standard chartered bank who are doing 10%
And you have a good idea

Just40:
you have the internet lunatic ...
I don't have to teach you everything about your country situation

So Ghana's inflation hits the ceiling and instead of repenting for your fiscal irresponsibility you deflect the whole issue? You learned well from Akuffo Ado.

Just40:
Add my bank, Standard chartered bank who are doing 10%
And you have a good idea

I don't see 10% anywhere. Standard Chartered must be foolish to have their interest rates hovering below the market cap by almost 7%, don't you think?

gallivant:


So Ghana's inflation hits the ceiling and instead of repenting for your fiscal irresponsibility you deflect the whole issue? You learned well from Akuffo Ado.

Kid you don't know what you're talking about

Return to cheer leading

gallivant:


I don't see 10% anywhere. Standard Chartered must be foolish to have their interest rates hovering below the market cap by almost 7%, don't you think?

Except they are not hence why they have their rates at 10%

Jamestown123:
Ghana debt servicing stands at 83% of revenue.

in 2021, Ghana made a huge repayment hence why it went up to 82%. Unlike Kenya that decided to beg for relief, we paid without sweat while depending on our sovereign wealth.

You might be confusing two different things

Jamestown123:
I don't know but maybe u help me understand.

Click on the article and read ... There's a huge clarification in it for you


Debt to GDP ratio does not matter when repayment is below 45% of your revenue.
Investors know that you can repay your debt with ease at that rate.

Unlike when you hit 60% with no savings anywhere like in the case of Kenya.. Hence why Kenya has been referred to as a crisis nation

Just40:

Except they are not hence why they have their rates at 10%

I am going to go on a limb here and assume you can't provide a source for your verbosity.

gallivant:


I am going to go on a limb here and assume you can't provide a source for your verbosity.

I don't have time for childish tantrums.

Go reduce your country debt to come down from 66%

Jamestown123:
..

That's background to their story.

Go down and you will find this screenshot

Just40:
I don't have time for childish tantrums.

Go reduce your country debt to come down from 66%

Stop deflecting. I want the source of your BS!

Jamestown123:
hmmm

Good

gallivant:


Stop deflecting. I want the source of your BS!

noise maker as usual Take your L

Jamestown123:
I clearly don't have time, for debating long stuffs like this. Because you are just confusing yourself and bringing figures from your head. If Kenya debt servicing to revenue stands at 66% then ghana is standing at 83%. I don't know what makes you think everyone should agree with your own figures.

Or you just don't want to face the fact in the article you just screenshot
Don't get confused...Ghana debt to GDP is 78%
Debt servicing to revenue is 46%
Those are two different things

Let me help you with the entire article

Magical Kenya

Roadtrippin!

Just40:
Or you just don't want to face the fact in the article you just screenshot
Don't get confused...Ghana debt to GDP is 78%
Debt servicing to revenue is 46%
Those are two different things

Let me help you with the entire article

Nice for silencing that stupid mumugayrian

Appisko:


Nice for silencing that stupid mumugayrian

Must be nice never adding value to any debate, huh?

gallivant:
Magical Kenya

Roadtrippin!

Nothing impressive about what u posting

Appisko:


Nice for silencing that stupid mumugayrian

It's really funny when you find people struggling with facts that are right Infront of them

Just40:
It's really funny when you find people struggling with facts that are right Infront of them

Don't mind them Sia fuo nkoaaa