Shma2022:


Zimbabwe man, keep wailing. This is 2022 IMF report. Just like WB 104% speculated figure, they are not mincing any words.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

Your zoo is a disgrace to wakanda fraternity. You should give that gold to hardworking nations like Kenya and watch the pace. You can't be resource sufficient and wallow in debt at the same time.

Yeah speculation and reality



Your zoo is busy undergoing a 6.3 billion double IMF package over the last 12 months all because of a 74% debt to GDP ratio.

Yet you want to compare yourself to a country that manage to reduced it debt ration from 86% to 68% by mere economic growth without an IMF package? Good luck


Kenya despite all it resources couldn't get itself out of it stupid debt trap because you guys borrowed without thinking hence a 12 billion dollars yearly debt servicing cost... That is a 12 debt disaster looking at your ability to pay back.

Just40:
expectations and reality ain't the same
Venezuelan man

Get over your country desperate debt situation 80 billion dollars is not small money... Anyway, what did you guys do with it?
Because it wasn't like the life of Kenyans improved.

Your access to electricity is still at 50%
Your tarred roads below 20k km
Your dependable electricity capacity at 1,800mw
With just 17% of homes connected to water in your country
With only 700km of SGR, last I checked.


So how did you balloon that kind of debt?

Take your doze and sleep, Zimbabwen man.


The Ghanaian cedi has dropped by a whopping 47.10% against the US dollar since the start of the year.

Since January, the cedi has rapidly depreciated against the US dollar, making it the world’s second-worst performing currency after the Sri Lankan rupee.

Also, Ghana’s inflation advanced faster than projected in July, as the value of the cedi fell, raising the cost of imported products such as cooking oil and gasoline.

Your mini zoo needs redemption.

Just40:
Yeah speculation and reality



Your zoo is busy undergoing a 6.3 billion double IMF package over the last 12 months all because of a 74% debt to GDP ratio.

Yet you want to compare yourself to a country that manage to reduced it debt ration from 86% to 68% by mere economic growth without an IMF package? Good luck


Kenya despite all it resources couldn't get itself out of it stupid debt trap because you guys borrowed without thinking hence a 12 billion dollars yearly debt servicing cost... That is a 12 debt disaster looking at your ability to pay back.

I gave you reality and a foreseeable outcome. The reality is that you're doing 86%.
The meticulously calculated future debt to gdp for year 2022 is 104%.

Know the difference!

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-

I will not talk about your Zimbabwean currency. It's doing better than the cedi at the moment.

But form the bottom barrel level of kwacha is were you're heading.

Shma2022:

Soon you'll be hiring a lorry to carry your money. Don't think it's a joke.

Your currency at the moment is worthless.

That will not happen because my money retains lot of value ... It will even hold greater value with the current central bank gold purchasing scheme.

You Kenyans are the ones requiring lots of notes to buy bread.

Until you come to under currencies, you won't know how worthless the Kenyan shillings is. You think your central bank made it a managed currency for no reason?

The Nigerian naira seized being a managed currency in 2016 into a floating tradable currency and today it is more valuable than the Kenyan shillings with it current level of trust

Shma2022:


Take your doze and sleep, Zimbabwen man.


The Ghanaian cedi has dropped by a whopping 47.10% against the US dollar since the start of the year.

Since January, the cedi has rapidly depreciated against the US dollar, making it the world’s second-worst performing currency after the Sri Lankan rupee.

Also, Ghana’s inflation advanced faster than projected in July, as the value of the cedi fell, raising the cost of imported products such as cooking oil and gasoline.

Your mini zoo needs redemption.

how is your venezuela doing zoo man?

While Ghana inflation jumped, it had a lesser impact on the average Ghanaian because the everyday need of the ordinary Ghanaian is mostly provided by the Ghanaian economy itself. The power of being an export led economy...


The double blow of inflation and depreciation dealth a disaster on your economy which has sent more Kenyans into poverty and starvation. This is all because your economy is import dependent

Shma2022:


I gave you reality and a foreseeable outcome. The reality is that you're doing 86%.
The meticulously calculated future debt to gdp for year 2022 is 104%.

Know the difference!

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-

I will not talk about your Zimbabwean currency. It's doing better than the cedi at the moment.

But form the bottom barrel level of kwacha is were you're heading.

repeating won't help you venezuelan zoo man
402 billion cedis debt

Your shillings is not trusted hence your central bank management .. they will keep babysitting your currency driving every Kenyan into deeper poverty despite the immense benefit of a floating currency ...

I didn't expect life to be that deplorable until I decided to take a look at the living standard of Kenyans.

Shma2022:

Matters like what, Common knowledge? Like 1+ 3 = 4? Or just getting info and paste here?

Kid, you're way out of the picture when brain capacity is something to go by. Go and brush your teeth cos it's smelling stupidity.

I told you to get of the topic,I don’t remember asking you for your life history. Go slow on the weeds and go paint your nails sally.

Shma2022:

Are you always this emotional or you're in your menses?

Not one lie told by me. Give it up,it’s beyond your paygrade.just focus on your nails.

Zimbabwe man, you've spewed a lot nothingness. I don't know how I can dignify your reply with facts: Fact that your weak currency will not save your situation from the quagmire of debts.

You sound more ret@rded over defending a dead zoo.

samorobo:


I told you to get of the topic,I don’t remember asking you for your life history. Go slow on the weeds and go paint your nails sally.

Get of, No?

It should be "get off."

If you want to give directives to me, write properly.

Or find something to do: gossiping, posting kibera, or sucking d*ck like you always do.

Cedis as we speak is what 11 to a dollar

Cedi Depreciation Intensifies: $1 Sells For GH¢10.98 At Forex Bureaux In Accra On October 7 Read more: https://yen.com.gh/business-economy/money/218439-cedi-depreciation-intensifies-1-sells-ghc1098-forex-bureaux-accra-october-7/

Just40:
repeating won't help you venezuelan zoo man
402 billion cedis debt

Your shillings is not trusted hence your central bank management .. they will keep babysitting your currency driving every Kenyan into deeper poverty despite the immense benefit of a floating currency ...

I didn't expect life to be that deplorable until I decided to take a look at the living standard of Kenyans.

rvp2018:
Foreign aid - grants - should be 1% or less. I hope you're not confusing it with A-I-A (Appropriation in Aid).
You see kenya is very progressive country - when we face problem - we reform and fix them.
In 1990s Foreign Aid was almost 60% of our budget - some countries were doing 99%. It was also main source of forex
So in 1993s all the donors met and decided to cut Aid - on the same day - because Moi mass human right violation (ethnic killings, torture)
So immediately our economy crashed - we had our only first and only hyper-inflation - Kshs dropped from 20 to dollar to 60 to a dollar.
Bread moved from being 2shs to 10shs. Everything went haywire. People savings were wipped out.

Suffice to say some countries like Ghana and Nigeria such nightmares are normal. 1993 was first and last hyperinflation in kenya - we lost a decade - though the hyperinflation lasted six months. Ghana and Nigeria ohoo boy - right now Ghana is in hyperinflation already.

Anyway we had start-stop donor aid flow and cut - as western nations - pushed Moi to accept democracy
But out of it - we started dealing seriously with donor dependence.

We formed KRA - we started to aggressively collect taxes - and by time Moi was leaving donor dependence had dropped from 60% to 10%.

Kibaki regime took from 10% to 2%.

Now it's less than 1 percent. We collect taxes plus A-I-A - and finance our development, social investment and are doing way better than Nigeria the zoo can imagine.

This novella is not necessary. Kenya's budget deficit keeps growing, hence the borrowing and the aid.

Budget deficit is dropping annually - and our revenues are increasing at double digit - and economy grew at 7.5% (projected this year 5.5% despite election & global crisis)- the base lending rate is 8%. Kshs has only depreciated by 18% - the worst in recent history - and very good globally.

Ruto is going to soon unveil supplementary budget with a whooping 300B Kshs budget cut - and we will balance the budget in two years.

Kenya is not Nigeria or Ghana - we take hard decision way before things go south - and we know what prudent public finance is.

We have debt crisis that we will fix 1) reducing the budget 2) reducing borrowing 3) growing tax revenues - while growing the economy.

obaaderemi:
This novella is not necessary. Kenya's budget deficit keeps growing, hence the borrowing and the aid.

rvp2018:
Cedis as we speak is what 11 to a dollar

Cedi Depreciation Intensifies: $1 Sells For GH¢10.98 At Forex Bureaux In Accra On October 7 Read more: https://yen.com.gh/business-economy/money/218439-cedi-depreciation-intensifies-1-sells-ghc1098-forex-bureaux-accra-october-7/

Still valuable than shilling



Next excuse

Mad cow - It most useless currency in the world now. Value of a currency is not in redominating to a dollar; It will still go back to 50,000 cedis to dollar. Your currency has now almost lost 100% of it's VALUE with two months to close the year . And your salary has not been increased 100%.

Once you default; it will shoot to 50,000 cedis to 1 dollar - HYPER INFLATION.

Just40:
Still valuable than shilling



Next excuse

rvp2018:
Budget deficit is dropping annually - and our revenues are increasing at double digit - and economy grew at 7.5% (projected this year 5.5% despite election & global crisis)- the base lending rate is 8%. Kshs has only depreciated by 18% - the worst in recent history - and very good globally.

Ruto is going to soon unveil supplementary budget with a whooping 300B Kshs budget cut - and we will balance the budget in two years.

Kenya is not Nigeria or Ghana - we take hard decision way before things go south - and we know what prudent public finance is.

We have debt crisis that we will fix 1) reducing the budget 2) reducing borrowing 3) growing tax revenues - while growing the economy.

let me just laugh

You have a debt crisis you can't fix after several restructuring
Your are in 2022 and 15% of your budget is still dependent on aid. Someone else is deciding if your hospitals will be running or not, whether you will have an education or not, whether you'll have water or electricity or not.

All those aside, you have a humanitarian disaster on your hand as well as a social crisis .

That is how funny you country is

Mad cow ranting will not stop Ghana from sovereign default. Kenya economy is Africa most resilient. How do you survive with base rate of 25% - that is how much desperate Ghana gov is willing to borrow - and there are no takers.

I dont pray but I would pray for Ghana

Just40:
let me just laugh

You have a debt crisis you can't fix after several restructuring
Your are in 2022 and 15% of your budget is still dependent on aid. Someone else is deciding if your hospitals will be running or not, whether you will have an education or not, whether you'll have water or electricity or not.

All those aside, you have a humanitarian disaster on your hand as well as a social crisis .

That is how funny you country is

rvp2018:
Mad cow - It most useless currency in the world now. Value of a currency is not in redominating to a dollar; It will still go back to 50,000 cedis to dollar. Your currency has now almost lost 100% of it's VALUE with two months to close the year . And your salary has not been increased 100%.

Once you default; it will shoot to 50,000 cedis to 1 dollar - HYPER INFLATION.

dumb cow tantrums look bad on you

Fortunately it is among the 5 most valuable currencies on the continent. It has made the worse loses for this year in trading .

The Kenyan shillings is now at hundred and what?
Let me jump into your bumb level to taunt you a bit.


You see how your cost of living crisis has fallen deeply on your population and made them even more poorer ?
That is all happing because of the throwback hyperinflation in the Kenyan economy. What your country is facing is price inflation and it terrible effect on your population is damning

Same can't be said for Ghana while Ghana is facing monetary inflation whose effect does not normally translate into pricing as quickly as price inflation

rvp2018:
Mad cow ranting will not stop Ghana from sovereign default. Kenya economy is Africa most resilient. How do you survive with base rate of 25% - that is how much desperate Ghana gov is willing to borrow - and there are no takers.

I dont pray but I would pray for Ghana

Ghana will not default.. as I am speaking, she is busily buying gold and printing money ....

Kenya economy is one of the weakest economy on the continent, highly bloated hence has no trickle down effect on it population.

I pray that Ghana doesnt end up in the debt cycle that Kenya has found itself where it is now paying wages out of acquiring more debt where you only see a face value growth which has no effect on the real economy.

Your country is in a deep shit and if nothing at all, the two IMF programs it has signed into should tell you something.
Things are only going to get worse for you guys especially when your govt can't spend anymore.
By 2024, your country liabilities to international finance houses will have reached 15 billion dollars per annum. 74% of your revenue is already gone.. imagine how much it will be in 2 years time

Somethings are beyond your level.
1 dollar is 144yen. Is Cedis stronger?
The strength of currency is STABILITY.
The strength of an economy is STABILITY
STABLE PREDICTABLE MACRO ECONOMICS.

Fix the fundementals otherwise it\s not even 10yrs when you redominated to a dollar

Now it's lost 1000% its value in 10yrs

Just40:
dumb cow tantrums look bad on you

Fortunately it is among the 5 most valuable currencies on the continent. It has made the worse loses for this year in trading .

The Kenyan shillings is now at hundred and what?
Let me jump into your bumb level to taunt you a bit.


You see how your cost of living crisis has fallen deeply on your population and made them even more poorer ?
That is all happing because of the throwback hyperinflation in the Kenyan economy. What your country is facing is price inflation and it terrible effect on your population is damning

Same can't be said for Ghana while Ghana is facing monetary inflation whose effect does not normally translate into pricing as quickly as price inflation

Mad goat bleating bla de bla on stuff he can barely understand.

Just40:
Ghana will not default.. as I am speaking, she is busily buying gold and printing money ....

Kenya economy is one of the weakest economy on the continent, highly bloated hence has no trickle down effect on it population.

I pray that Ghana doesnt end up in the debt cycle that Kenya has found itself where it is now paying wages out of acquiring more debt where you only see a face value growth which has no effect on the real economy.

Your country is in a deep shit and if nothing at all, the two IMF programs it has signed into should tell you something.
Things are only going to get worse for you guys especially when your govt can't spend anymore.
By 2024, your country liabilities to international finance houses will have reached 15 billion dollars per annum. 74% of your revenue is already gone.. imagine how much it will be in 2 years time

rvp2018:
Mad goat bleating bla de bla on stuff he can barely understand.

He's spewing a lot of Dumb & out of topic submissions. He's even dumber than I thought.

He is desperate to derail the debate as his country totters on a nightmarish sovereign default.

Shma2022:

He's spewing a lot of Dumb & out of topic submissions. He's even dumber than I thought.

Just40:
Ghana will not default.. as I am speaking, she is busily buying gold and printing money ....

Kenya economy is one of the weakest economy on the continent, highly bloated hence has no trickle down effect on it population.

I pray that Ghana doesnt end up in the debt cycle that Kenya has found itself where it is now paying wages out of acquiring more debt where you only see a face value growth which has no effect on the real economy.

Your country is in a deep shit and if nothing at all, the two IMF programs it has signed into should tell you something.
Things are only going to get worse for you guys especially when your govt can't spend anymore.
By 2024, your country liabilities to international finance houses will have reached 15 billion dollars per annum. 74% of your revenue is already gone.. imagine how much it will be in 2 years time

Man, just rest. You don't know what you're talking about.
This is your currency trajectory against the Kenyan shillings.
If equate with the universal currency, it's worse.

rvp2018:
He is desperate to derail the debate as his country totters on a nightmarish sovereign default.

He sounds more ret@rd at it. But thanks for exposing his low-level IQ.

rvp2018:
Somethings are beyond your level.
1 dollar is 144yen. Is Cedis stronger?
The strength of currency is STABILITY.
The strength of an economy is STABILITY
STABLE PREDICTABLE MACRO ECONOMICS.

Fix the fundementals otherwise it\s not even 10yrs when you redominated to a dollar

Now it's lost 1000% its value in 10yrs

There's a reason why the Japanese yen is more valuable than the Cedis and it all comes down to the money supply( inflows and outflows) while the Cedi has a better exchange rate than the yen.

Same can't be said for the kshs as it supply(inflows out flows) is lower than the Cedis and worse of all, it trading volume is non-existent..

The strength of a currency is tradability
The strength of and economy is trade volume


You see why you have no knowledge of economics?

rvp2018:
Mad goat bleating bla de bla on stuff he can barely understand.

madness of a bumb person

Keep wailing like a goat

Shma2022:

Man, just rest. You don't know what you're talking about.
This is your currency trajectory against the Kenyan shillings.
If equate with the universal currency, it's worse.

you see why you're just dumb..

Since you're focusing on exchange rate.... You still need 12 kshs to get 1 Cedi, unfortunately there's no trade between both countries to have a direct comparison.

In value terms it is even worse because you'll need as much as 30 kshs to get the value of a Cedi.. This is part of the reason why there's a higher standard of living in Ghana than Kenya

Shma2022:

Zimbabwe man, you can only lie to your useless pigmies.
In 2019, ghana was doing 68%. In 2021, you're doing 76%, and currently; 2022, you're at a whopping 86%. With the weakest currency in the world.

Is Zimbabwe man suppose to be an insult or what?

Shma2022:

Zimbabwe man, you have the weakest currency on planet Earth. If you understand economics very well, you know what is about to hit you.

Don't project your flaws to thriving nations like Kenya. Wait for Nigeria to re-colonize and bring you back on track.

Shut your flat mouth, Sri Lanka man

Shma2022:


Zimbabwe man, keep wailing. This is 2022 IMF report. Just like WB 104% speculated figure, they are not mincing any words.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

Your zoo is a disgrace to wakanda fraternity. You should give that gold to hardworking nations like Kenya and watch the pace. You can't be resource sufficient and wallow in debt at the same time.

Poor Sri Lanka man shut up for once

Shma2022:

Soon you'll be hiring a lorry to carry your money. Don't think it's a joke.

Your currency at the moment is worthless.

Poor Sri Lanka man let this be your worry not Ghana