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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Ghana Protests Over Inflation (40768 Views)
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Re: Ghana Protests Over Inflation by GeneralDae: 8:38pm On Jul 05, 2022 |
Jamersirwin1971:I think what people confuse with this Nigeria supplied Ghana electricity theory is that Nigeria supplied Ghana gas which was also crucial at one point to their electricity generation. Nigeria rather supplied only the likes of Niger, Togo, and Benin direct electricity. With Niger it's a business arrangement and a necessary one at that. 1 Like |
Re: Ghana Protests Over Inflation by FreeStuffsNG: 8:47pm On Jul 05, 2022 |
Jamersirwin1971:Gas power for their electricity is provided by Nigeria sir. Nigeria is the backbone of Ghana's electricity power sir. https://www.reuters.com/article/ghana-nigeria-gas-idUSL8N12K3NZ20151020 3 Likes
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Re: Ghana Protests Over Inflation by Wizzzzmike: 8:53pm On Jul 05, 2022 |
FreeStuffsNG: So in ur case if u buy food from a fast food joint, does it mean the fast food joint feeds you and probably ur family? |
Re: Ghana Protests Over Inflation by FreeStuffsNG: 9:05pm On Jul 05, 2022 |
Wizzzzmike:Never mind since you do not understand that form of export of energy in technical terms. Let me break it down for you before you confuse it for food. When you develop a gas power station, both the plant and gas feed are a unit in this case because pipes will be laid and connected to it from Nigeria. The power station and the gas feed are regarded as a single energy project because you do not build a gas power station without a gas pipeline to feed it. The NGaz from Nigeria feeds gas power plant in Ghana and constitite part of the energy Ghana imports from outside. That is why when Nigeria threatened to switch it off, it is not really the gas switched off, it is the energy from the plant that is switched off. Please read up on it. I am not referrring to cooking gas sold in cylinders for cooking that you can easily switch from one gas cylinder to another since you compared it to food. I know it is too technical but no vex that I can't break it down further especially the costing part. No vex as I may not reply you again sir. |
Re: Ghana Protests Over Inflation by erty6334(m): 9:30pm On Jul 05, 2022 |
[quote author=Quintopia post=114338728] Things are far cheaper in Nigeria than in Ghana dude. You need to see how expensive things are in Ghana now, even food. Boys are not smiling there at all. 100% true |
Re: Ghana Protests Over Inflation by poweredcom(m): 9:48pm On Jul 05, 2022 |
kingthreat: Guy STFU Nigeria is hell, upon our natural resources what can we boast for it It pays me to be In Ghana and be peaceful and secure than. This country that have been overtaken by kidnappers and all negative vices |
Re: Ghana Protests Over Inflation by yongg: 10:14pm On Jul 05, 2022 |
Subsidywise20: In addition to that, I hear that vested interests in the petroleum/oil business inflate the volume of oil sold to draw more money than they out to in subsidy payment. Regulation, monitoring and enforcement is a problem in this country... We need actionable checks and balances embedded in a SYSTEM. SYSTEMs are independent of governments of the day. The objectives are clear and technocratic in nature, result based. |
Re: Ghana Protests Over Inflation by yongg: 10:18pm On Jul 05, 2022 |
Subsidywise20: In addition to that, I hear that vested interest in the petroleum/oil business inflate the volume of oil sold to draw more money than they out to in subsidy payment. Regulation, monitoring and enforcement is a problem in this country... We need actionable checks and balances embedded in a SYSTEM. SYSTEMs are independent of governments of the day. The objectives are clear and technocratic in nature, result based. Removing subsidy will also remove that mode of siphoning money from FG for free buy ensuring that the population pay the true price of oil and automatically there's a check and balance for the true quantity that population consumes because that payment would be made at the point of sale. That's a step... We can crash the price further by managing leakages by whatever mode... Vandalism, theft, etc Population will enjoy a better pricing... Then the main price crasher will be to grow home based refining from the crude oil level at mining to finished product stages. It still beats me how a country will sell crude for pennies on the dollar and allow itself get affected by pricing by countries who refining crude and get not just gas/petrol but AT LEAST 17 factions from crude oil.(17 because that was what that Ababio Chemistry Textbook quoted as at 2004, so by now research in that area and material science would reveal other useful factions obtainable from crude oil) Thinking about it... Wax Paraffin, Wax, Coal tar, Bitumen, Ashpalt, Plastics, Petroleum Jelly, Gas, Diesel, Kerosine, Gasoline...etc The prices of all those among the 17 factions are directly affected right from the selling stage of crude... Meanwhile we make so much fuss about oil, diesel and aviation fuel because they seem the most conspicuous demand, meanwhile just by manufacturing and acing the process right at home several big industries all at once can get huge relief from artificial additional costs of these things. 2 Likes 1 Share |
Re: Ghana Protests Over Inflation by PetroDolla2020: 10:55pm On Jul 05, 2022 |
Where do you think I’m writing this from? For your information, I’m here in Ghana. Are yiu claiming to know more than me who lives here? sunbreaker: |
Re: Ghana Protests Over Inflation by PetroDolla2020: 11:02pm On Jul 05, 2022 |
Are you aware that Ghana has enough locally produced natural gas and can afford to do without gas supplies from Nigeria? The only reason Ghana still receives a minimal amount of gas from Nigeria is simply because the gas supply contract is a long-term contract and Ghana is obligated to import gas from Nigeria, whether they need it or not? Get educated on this matter, huh? FreeStuffsNG: |
Re: Ghana Protests Over Inflation by kumulus(m): 11:18pm On Jul 05, 2022 |
GeneralDae: That’s right, I don’t object to businesses getting taxed. Everyone who transacts and earns an income/revenue indeed would be doing a great good by contributing to the development of the nation. My concern is that focus should be placed on creating an enabling environment where those taxes will come from, the average Nigerian today pays so damn much ivy means on over inflated prices and needless levies that doesn’t go into inclusive nation building. Take the transportation duties, levies and fees paid for instance, what percentage of the total revenue gets remitted to the nation’s purse at the end of the day. I grew up in Lagos and I know very well how much transporters pay to ticketing officials at parks and on the road, who bears the brunt, same low earning citizen and the less fortunate unemployed. Oyinbos do it, yes but the benefits are there to enjoy so you wouldn’t even want to complain. We need candidates with crystal clear blueprints on how they intend to revamp the dying nation. From what I’ve observed most people are choosing their candidates on the basis of tribalistic and ethno-religious biases. We need to move beyond this level of politics to move forward, if we can copy oyinbos on tax matters how about we do same on the electoral process. We need these candidates to come out in the open and debate their positions. Enough of this 1980 styled rallies we call campaigns where people only gather for the pomp and merrymaking. We need quality policy makers and not political gamers. 1 Like |
Re: Ghana Protests Over Inflation by Blackdisciple(m): 11:19pm On Jul 05, 2022 |
Wow nice one something Nigerians are scared of ... |
Re: Ghana Protests Over Inflation by kumulus(m): 11:21pm On Jul 05, 2022 |
SeaTrade: Respectfully sir/ma, I do not know you and honestly do not understand why you feel disrespected by my asking for an answer to a question. However, I would indulge your counsel in this matter. |
Re: Ghana Protests Over Inflation by sunbreaker: 5:50am On Jul 06, 2022 |
PetroDolla2020:Mr. Man which part of Ghana you are if its close to my area. I want to meet in person |
Re: Ghana Protests Over Inflation by kingthreat(m): 7:25am On Jul 06, 2022 |
poweredcom: Unpatriotic scums should please cease me in their mentions. 1 Like |
Re: Ghana Protests Over Inflation by Datrava(m): 8:29am On Jul 06, 2022 |
LAND RIG HIRE REQUEST 2500-3000HP Land rig is currently needed for hire. please contact: +234-703-019-7525 #landrig #hire #nigeria #oilandgas yongg: |
Re: Ghana Protests Over Inflation by AlphaTaikun: 8:59am On Jul 06, 2022 |
Quintopia:Ghana's 27.6% inflation is very huge! As of the last economic data release, it was 27.6% inflation. Conversely, Prof. Steve Hanke, renowned international economist at the Johns Hopkins University, USA stated that he measures inflation in Ghana to a stunning 49.35%/year: => https://www.ghanaweb.com/GhanaHomePage/NewsArchive/IMF-loan-won-t-save-Ghana-s-economy-Renowned-US-economist-1574450 The global economic headwinds have already kicked in and social unrests from continent to continent would be the order of the day! There would be some regime changes as well. This is part of the economic cycles that occur before things normalise again. Only those who have imbibed the lessons of creative innovation and financial sagacity from past global economic downturns and country-specific recessions will survive with near-absolute comfort. Period! |
Re: Ghana Protests Over Inflation by GeneralDae: 9:16am On Jul 06, 2022 |
AlphaTaikun:Is it 50% inflation in Ghana or 27%?? 1 Like |
Re: Ghana Protests Over Inflation by FoolishBoy419: 9:44am On Jul 06, 2022 |
Subsidywise20: I wish I could like this a thousand times. I just shake my head when I see these clowns rooting for these recycled bastards. 1 Like |
Re: Ghana Protests Over Inflation by JustJennifer: 9:48am On Jul 06, 2022 |
In this video I will show you how to link your Deriv Account to Metatrader5-Easy https://www.youtube.com/watch?v=VvQ1WxLTtaI 1 Like 1 Share |
Re: Ghana Protests Over Inflation by AlphaTaikun: 10:02am On Jul 06, 2022 |
GeneralDae:@GeneralDae, thanks for the heads up. As of the last economic data release, it was 27.6% inflation. => https://tradingeconomics.com/ghana/inflation-rate-mom => https://nairametrics.com/2022/06/09/despite-the-hawkish-stance-ghanas-inflation-surges-18-year-peak-above-27-in-may-2022/ However the OP posted a link on another thread which I had originally read which made reference to 50%, hence my reference to 50% in my post that you quoted. Prof. Steve Hanke, renowned international economist at the Johns Hopkins University, USA stated that he measures inflation in Ghana to a stunning 49.35%/year: IMF loan won't save Ghana's economy - Renowned US economist => https://www.ghanaweb.com/GhanaHomePage/NewsArchive/IMF-loan-won-t-save-Ghana-s-economy-Renowned-US-economist-1574450 Cheers! 1 Share
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Re: Ghana Protests Over Inflation by Wizzzzmike: 11:01am On Jul 06, 2022 |
FreeStuffsNG: Lol it's simple Nigeria does not supply Ghana with a kilowatt of electricity. How can you supply something u don't have lol |
Re: Ghana Protests Over Inflation by AlphaTaikun: 12:11pm On Jul 06, 2022 |
Quintopia: |
Re: Ghana Protests Over Inflation by Mayor36: 2:16pm On Jul 06, 2022 |
Hit the streets like this in Lagos, Nigeria and watch a Police Force you wouldn't see on a normal day come out to shoot tear gas and bullets at protesters. |
Re: Ghana Protests Over Inflation by galantjoe(m): 11:05pm On Jul 07, 2022 |
GeneralDae: Nobody is perfect, so also no govt has all solutions to a nation building. Let me dissect the regime of Obj, Obj came immediately after military handover, alot of things were not in place, huge debts, declining value of naira, poor forex reserves, bad international image, etc. He had to build institutions like EFCC, ICPC, BPI, etc to better Nigeria image externally. This also made our Naira to improve withing that period. But in Buhari govt, no technocrats are appointed into key positions. Even CBN governor, that supose to be most professional in his conduct, bought nomination Form to contest for president without resigning his position as CBN gov. This is clear against the principle of nonpartisan of any civil servant or public servant |
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