Just40:
That idiot just like to whin like a woman for nothing ....

I wonder why he is still arguing despite the fact that he confirmed everything here himself when he posted melcom prices.

No matter how bad the situation is, I'm sure Ghana will weather the storm. Ghana is a mineral rich country and resilient.

rvp2018:
Desperately trying to pull a strawman argument. Kenya is not part of your problem. The problem starts with short man called Nana who speaks and sometimes dress like a witch. He has completely failed.

And surely there was only one way out for such empty-headed cross-dresser

You're desperate here when your people are waiting for insect infested WFP food because they can't afford anything in Kenya...

Don't ever compare yourself to Ghanaians.. we will always be better than you in everything. Try bringing the quality of life of Kenyans to our standard

obaaderemi:
No matter how bad the situation is, I'm sure Ghana will weather the storm. Ghana is a mineral rich country and resilient.

things are okay for everyone who is working because the economy manages to absorb adjustment for everyone offering service in one form or the other. Ratio

Just40:
You're so desperate in your attempt to dispute the price of made in Ghana rice I gave you.
Go and ask for the price of Oheneba rice and see .... It used to be 45 cedis and now at 48 cedis.
Abena rice is 50 cedis but used to be 45 cedis

Nana Rice also their long grain in green bag is 50 cedis while their Reb bag own is 80 cedis and their price has remain the same since the beginning of the year.


Poor boy don't talk about things you don't know
Dim guy

you're a thief!
Who ears broken rice in ghana??
Here's same Nana rice going for 80 cedis

POKUASI2:
you're a thief!
Who ears broken rice in ghana??
Here's same Nana rice going for 80 cedis

something is just wrong with you... Get you head checked.

Did you even read what I wrote ?

In Kenya, you won't be able to afford rice because the cheapest 5kg will cost you 7 dollars.
You think their citizens are starving for nothing?

Ghana is the topic.
Accra is always on most expensive cities in the world.
Inflation is killing you.

Do you see Kenya here?

1. Dakar, Senegal: Has a cost of living index score of 50.87.

2. Addis Ababa, Ethiopia: Has a cost of living index score of 50.49

3. Abidjan, Ivory Coast: Has a cost of living index score of 47.06.

4. Harare, Zimbabwe: Has a cost of living index score of 45.69.

5. Johannesburg, South Africa: Has a cost of living index score of 44.87.

6. Pretoria, South Africa: Has a cost of living index score of 42.76.

7. Gaborone, Botswana: Has a cost of living index score of 42.7.

8. Cape Town, South Africa: Has a cost of living index score of 40.98.

9. Durban, South Africa: Has a cost of living index score of 40.33.

10. Marrakech, Morocco: Has a cost of living index score of 39.94.

11. Accra, Ghana: Has a cost of living index score of 38.74.

12. Lagos, Nigeria: Has a cost of living index score of 37.33.

13. Tangier, Morocco: Has a cost of living index score of 36.85.

14. Casablanca, Morocco: Has a cost of living index score of 36.59.

15. Kampala, Uganda: Has a cost of living index score of 35.98.

Folks suffering in kenya are those living in arid areas facing 5yr drought cycle - this year is worst - almost zero rain for a year.

Wild animals are dying in numbers.
https://www.reuters.com/world/africa/drought-is-killing-kenyas-endangered-wildlife-2022-09-27/

Answer your world leading inflation questions without bring in folks in horn of Africa dealing with worse drought in 40yrs - those people deserve all the help they can get - just like those in Nigeria being carried away by floods.

One failed rain season in Ghana saw all of you run to Nigeria

These folks have faced 5yrs of very low rainfall - sometimes it has gone for months - without a single drop.

Just40:
something is just wrong with you... Get you head checked.

Did you even read what I wrote ?

In Kenya, you won't be able to afford rice because the cheapest 5kg will cost you 7 dollars.
You think their citizens are starving for nothing?

rvp2018:
Ghana is the topic.
Accra is always on most expensive cities in the world.
Inflation is killing you.

Do you see Kenya here?

1. Dakar, Senegal: Has a cost of living index score of 50.87.

2. Addis Ababa, Ethiopia: Has a cost of living index score of 50.49

3. Abidjan, Ivory Coast: Has a cost of living index score of 47.06.

4. Harare, Zimbabwe: Has a cost of living index score of 45.69.

5. Johannesburg, South Africa: Has a cost of living index score of 44.87.

6. Pretoria, South Africa: Has a cost of living index score of 42.76.

7. Gaborone, Botswana: Has a cost of living index score of 42.7.

8. Cape Town, South Africa: Has a cost of living index score of 40.98.

9. Durban, South Africa: Has a cost of living index score of 40.33.

10. Marrakech, Morocco: Has a cost of living index score of 39.94.

11. Accra, Ghana: Has a cost of living index score of 38.74.

12. Lagos, Nigeria: Has a cost of living index score of 37.33.

13. Tangier, Morocco: Has a cost of living index score of 36.85.

14. Casablanca, Morocco: Has a cost of living index score of 36.59.

15. Kampala, Uganda: Has a cost of living index score of 35.98.

Folks suffering in kenya are those living in arid areas facing 5yr drought cycle - this year is worst - almost zero rain for a year.

Wild animals are dying in numbers.

Accra is expensive for it real estate,hotel, restaurant,clubs and other costs of living but not it food.

There was a failed raining season 2 years ago and there was still abundance of food in Ghana.


Kenya is starving because you guys basically grow nothing and food is super expensive.
18 million Kenyans do not live in turkana.

Why is food so expensive in your zoo, by the way?

Focus Ghana 120% inflation.
Where did you get this 18 million kenyans.
18 million people across horn of Africa - that mean Kenya, Somalia, Ethiopia, etc
Are facing a serious drought.
There is nothing one can do about such a NATURAL disaster...if rain fails for 5yrs...what will Ghana do? - in first year half the country will run to Nigeria - in the 2nd year - the whole country will empty out

Ghana is facing a human disaster called NANA THE BIG FOOL who sunk Ghana economy.

The people facing worst drought in 40yrs in horn of africa - deserve all the help they can get. Just as well as those getting swept by floods in Nigeria. Or Hurricanes. or Tsunamis. Or Earthquakes. THESE ARE NATURAL DISASTERS THAT SWEEP PEOPLE INVESTMENT completely.

How do you compare yourselves with people facing natural disasters?

otherwise many areas of kenya that are not affected by drought are doing fine.

My folks are exporting 20 percent more tea this year.

Just40:
Accra is expensive for it real estate,hotel, restaurant,clubs and other costs of living but not it food
Kenya is starving because you guys basically grow nothing and food is super expensive.
18 million Kenyans do not live in the desert.

rvp2018:
Focus Ghana 120% inflation.
Where did you get this 18 million kenyans.
18 million people across horn of Africa - that mean Kenya, Somalia, Ethiopia, etc
Are facing a serious drought.
There is nothing one can do about such a NATURAL disaster.

Ghana is facing a human disaster called NANA THE BIG FOOL who sunk Ghana economy

even with Ghana 37% inflation, food prices in Ghana are far lower than in Kenya. Make that make sense

What's wrong with your shit hole?


You can't grow much in Ghana without irrigation so your argument does not even hold water.


Nana Addo is far better than your current and past presidents combined. He will never run his economy down for this number of Ghanaians to start starving.
We all know Kenya has never had any sensible leader before.

All I see is excuse upon excuse.

Ghana used to have similar yearly starvation up north 30 years ago and we managed to solve those issues.

Your pedestrian calculation won't help Ghana 120 percent inflation.
You dont compare countries cost of living that way.
Focus on NANA the Big Fool who has sunk your economy
100% plus dollar depreciation.
1 dollar - 14 cedis - The world worst currency tracked by Bloomerg
Shops closed last week
Now they have removed prizes from supermarket;
Meaning hyperinflation setting in.

You indeed can only compare yourself to someone living in semi arid battling drought.

Just40:
even with Ghana 37% inflation, food prices in Ghana are far lower than in Kenya. Make that make sense

What's wrong with your shit hole?


You can't grow much in Ghana without irrigation so your argument does not even hold water.


Nana Addo is far better than your current and past presidents combined. He will never run his economy down for this number of Ghanaians to start starving

Lagos is on steroids. But it can do better....
This is a budget of $4bn(official rate)

rvp2018:
Your pedestrian calculation won't help Ghana 120 percent inflation.
You dont compare countries cost of living that way.
Focus on NANA the Big Fool who has sunk your economy
100% plus dollar depreciation.
1 dollar - 14 cedis

Yet hyperinflation has dealth a bitter blow to Kenyans than Ghanaians effectively driving more Kenyans into poverty than last year.

Why are food prices more expensive in Kenya than in Ghana?

Do the 45 million poor Kenyans all live in turkana? Or the 18 million starving ones all live in turkana?
Are turkana people not Kenyans?

You've continuously had foolish leaders since independence who have worked hard to make sure Kenyans are poor, instead of fixing your issues, you're busy making excuses yearly

I've seen Egypt turn dry desert soil fertile yet you sit on fertile soil that you only need to water and cry.

Why are Soo many Kenyans starving in this 21st century?

Stupidity as always. Countries including kenya are moving towards ZERO based budgetting - and here is Nigeria with as usual ambitious budget that will never be met.

Last year - Lagos achieved 77 percent of revenues- but now has set even more audacious target -

“Looking at the total Internally Generated Revenue, we have N346bn compared to N451bn, achieving 77 per cent performance; total budget out of an expectation of N880bn, we have spent about N675bn, achieving 77 per cent performance.

obaaderemi:
Lagos is on steroids.
But it can do better....

This is a budget of $4bn(official rate)

obaaderemi:
I don't understand what's going on with the Ghanaian economy. Guess I'll just glean what I can from just40 and pokuasi's back and forth. Wish vankelvin and popizaino would join in as well to balance the equation.

Is the vawulence you are witnessing is not enough ?


Truth is the worst is yet to happen to Ghana. The country has to borrow to even pay debt that tells you the dire situation the country is right now. I am no expert in economics but I will help out by posting the speech of former Ghana president John Mahama on the state of Economic and the solutions to it later.

Kenya food inflation is 9%
That mean if incomes havent risen - people are suffering 9% more.
Ghana is 120%
These figures are from experts - not from you googling around and trying to compare.

Just40:
Yet hyperinflation has dealth a bitter blow to Kenyans than Ghanaians effectively driving more Kenyans into poverty than last year.

Why are food prices more expensive in Kenya than in Ghana?

Do the 45 million poor Kenyans all live in turkana? Or the 18 million starving ones all live in turkana?
Are turkana people not Kenyans?

You've continuously had foolish leaders since independence who have worked hard to make sure Kenyans are poor, instead of giving your issues, you're busy making excuses yearly
Why are Soo many Kenyans starving in this 21st century?

popizaino:


Is the vawulence you are witnessing is not enough ?


Truth is the worst is yet to happen to Ghana. The country has to borrow to even pay debt that tells you the dire situation the country is right now. I am no expert in economics but I will help out by posting the speech of former Ghana president John Mahama on the state of Economic and the solutions to it later.

Ghana is in a better position than Kenya.

At least we haven't defaulted on any of our debt and neither have we restructured any of them yet... That shows we have enough room to avoid the Kenya situation.

While Mahama is recommending cutting expenditure on key govt policies, the govt will prefer using Sinking Fund inflows for debt servicing. This will be difficult for the govt to have access to because they don't have the numbers in parliament to get it approved.

Usual excuses. Last few months it was about getting mobile money tax - came and went. The problem is whatever you do - Eurobond is sinking you. I think IMF is delaying this because soverign default is inevitable and required. They have been playing games for a year now.

Ghana eurobond are now at 41 percent yield rate

Yield Ghana, Republic of 7,75% 21/29
Yield in % (last price) 41.0088
Yield in % (ask) 39.3577
Yield in % (bid) 41.0088
Flat notation n.a.
Accrued interest in % 0.4521

Just40:
Ghana is in a better position than Kenya.

At least we haven't defaulted on any of our debt and neither have we restructured any of them yet... That shows we have enough room to avoid the Kenya situation.

While Mahama is recommending cutting expenditure on key govt policies, the govt will prefer using Sinking Fund inflows for debt servicing. This will be difficult for the govt to have access to because they don't have the numbers in parliament to get it approved.

rvp2018:
Kenya food inflation is 9%
That mean if incomes havent risen - people are suffering 9% more.
Ghana is 120%
These figures are from experts - not from you googling around and trying to compare.

Ghana inflation is 37% which is mostly driven by transportation, fuel and utilities.
With all of that, Ghana manage to have lower food prices in various markets than Kenya... So while A Ghanaian with a higher standard of living is paying less for food, Kenyans with lower standard of living have to spend 1.5 times on food than a Ghanaian will.

These figures I'm comparing are from the retail prices of basic commodities in both countries. Those are the realities on the ground that ordinary Kenyans face.

This explains why a lot of Kenyans go hungry daily

Do you have degree in economics and teach in John Hopkins if you dont; madcow; only Nana take you seriously.

I rather listen to :
Steve Hanke
@steve_hanke
Professor of Applied Economics
@JohnsHopkins
| Senior Fellow
@IndependentInst
|
@NRO
| FX & Commodity Trader | Reagan White House | Views are my own

Just40:
Ghana inflation is 37% which is mostly driven by transportation, fuel and utilities.
With all of that, Ghana manage to have lower food prices in various markets than Kenya... So while A Ghanaian with a higher standard of living is paying less for food, Kenyans with lower standard of living have to spend 1.5 times on food than a Ghanaian will.

These figures I'm comparing are from the retail prices of basic commodities in both countries. Those are the realities on the ground that ordinary Kenyans face.

This explains why a lot of Kenyans go hungry daily

rvp2018:
Usual excuses. Last few months it was about getting mobile money tax - came and went. The problem is whatever you do - Eurobond is sinking you. I think IMF is delaying this because soverign default is inevitable and required. They have been playing games for a year now.

Ghana eurobond are now at 41 percent yield rate

41.0088
Yield Ghana, Republic of 7,75% 21/29
Yield in % (last price) 41.0088
Yield in % (ask) 39.3577
Yield in % (bid) 41.0088
Flat notation n.a.
Accrued interest in % 0.4521

Eurobond is not responsible for Ghana liquidity problems.

Kenya debt servicing ratio is 70% of revenue and Ghana will be at 55% by year end 2023.
Kenya wage bill already takes 55% of revenue.
The country is not allowed to take on anymore debt due to IMF sanctions and creditors fear of your inability to repay.
Your sorry country does not have any sovereign wealth fund to fall unto.

So you're left hanging

rvp2018:
Do you have degree in economics and teach in John Hopkins if you dont; madcow; only Nana take you seriously.

I rather listen to :
Steve Hanke
@steve_hanke
Professor of Applied Economics
@JohnsHopkins
| Senior Fellow
@IndependentInst
|
@NRO
| FX & Commodity Trader | Reagan White House | Views are my own

Yes I have economics background and all the economist I know from all the various Ivy league schools all come to the same 37% inflation using the laid down structure accepted world wide by IMF, WB, UN and etc.

Why are food prices so high in Kenya than in Ghana?
Why are you running away from that? Is that too hard for you to answer?
You'll end up spending more of your money feeding in Kenya than in Ghana

rvp2018:
Ghana is the topic.
Accra is always on most expensive cities in the world.
Inflation is killing you.

Do you see Kenya here?

1. Dakar, Senegal: Has a cost of living index score of 50.87.

2. Addis Ababa, Ethiopia: Has a cost of living index score of 50.49

3. Abidjan, Ivory Coast: Has a cost of living index score of 47.06.

4. Harare, Zimbabwe: Has a cost of living index score of 45.69.

5. Johannesburg, South Africa: Has a cost of living index score of 44.87.

6. Pretoria, South Africa: Has a cost of living index score of 42.76.

7. Gaborone, Botswana: Has a cost of living index score of 42.7.

8. Cape Town, South Africa: Has a cost of living index score of 40.98.

9. Durban, South Africa: Has a cost of living index score of 40.33.

10. Marrakech, Morocco: Has a cost of living index score of 39.94.

11. Accra, Ghana: Has a cost of living index score of 38.74.

12. Lagos, Nigeria: Has a cost of living index score of 37.33.

13. Tangier, Morocco: Has a cost of living index score of 36.85.

14. Casablanca, Morocco: Has a cost of living index score of 36.59.

15. Kampala, Uganda: Has a cost of living index score of 35.98.

Folks suffering in kenya are those living in arid areas facing 5yr drought cycle - this year is worst - almost zero rain for a year.

Wild animals are dying in numbers.
https://www.reuters.com/world/africa/drought-is-killing-kenyas-endangered-wildlife-2022-09-27/

Answer your world leading inflation questions without bring in folks in horn of Africa dealing with worse drought in 40yrs - those people deserve all the help they can get - just like those in Nigeria being carried away by floods.

One failed rain season in Ghana saw all of you run to Nigeria

These folks have faced 5yrs of very low rainfall - sometimes it has gone for months - without a single drop.

18m starving Kenyans also deserve all the help they can get.

rvp2018:
Focus Ghana 120% inflation.
Where did you get this 18 million kenyans.
18 million people across horn of Africa - that mean Kenya, Somalia, Ethiopia, etc
Are facing a serious drought.
There is nothing one can do about such a NATURAL disaster...if rain fails for 5yrs...what will Ghana do? - in first year half the country will run to Nigeria - in the 2nd year - the whole country will empty out

Ghana is facing a human disaster called NANA THE BIG FOOL who sunk Ghana economy.

The people facing worst drought in 40yrs in horn of africa - deserve all the help they can get. Just as well as those getting swept by floods in Nigeria. Or Hurricanes. or Tsunamis. Or Earthquakes. THESE ARE NATURAL DISASTERS THAT SWEEP PEOPLE INVESTMENT completely.

How do you compare yourselves with people facing natural disasters?

otherwise many areas of kenya that are not affected by drought are doing fine.

My folks are exporting 20 percent more tea this year.

This is were we get the 18m from.
For forty years you’ve folded your arms and done absolutely nothing about it. What happened to advanced technology,irrigation,dams and the likes. You have no excuse,you are a failure.
Your govt failed you and that shouldn’t be excused. Say something else.

https://www.youtube.com/watch?v=hugq01VEaoA

Focus on Ghana
Kenya we are very okay. One thing we have never lacked - BRAINS - ask Tanzanian how many times they close their borders for fear of kenya brains.
FUNDAMENTALS ARE AS USUAL GREAT - underlying inflation 5%, base or policy interest rate 8%, headline inflation 9%, currency deprecation 8%,

Our little problems ended when we elected Ruto

Ruto's Chief economist advisor says

https://twitter.com/DavidNdii/status/1585663898371383299
Zero chance. Eurobond Markets are closed but banks are open . We are on course to raise this years $900m external commercial financing target at below 8% and there is no shortage of appetite for more.

Just40:
Eurobond is not responsible for Ghana liquidity problems.

Kenya debt servicing ratio is 70% of revenue and Ghana will be at 55% by year end 2023.
Kenya wage bill already takes 55% of revenue.
The country is not allowed to take on anymore debt due to IMF sanctions and creditors fear of your inability to repay.
Your sorry country does not have any sovereign wealth fund to fall unto.

So you're left hanging

obaaderemi:
Lagos is on steroids.
But it can do better....

This is a budget of $4bn(official rate)

Yeah I think Delta State just presented their 561.8 Billion naira budget (1.1 Billion dollars) as well.

I'd love to see you mother canoe in anambra state as she tries to pick her floating cooking pans. You have already lost 600 people. Focus on flooding in nigeria before you see drought in horn africa...too much water is as bad as lack of water.

samorobo:



This is were we get the 18m from.
For forty years you’ve folded your arms and done absolutely nothing about it. What happened to advanced technology,irrigation,dams and the likes. You have no excuse,you are a failure.
Your govt failed you and that shouldn’t be excused. Say something else.

https://www.youtube.com/watch?v=hugq01VEaoA

rvp2018:
Stupidity as always. Countries including kenya are moving towards ZERO based budgetting - and here is Nigeria with as usual ambitious budget that will never be met.

Last year - Lagos achieved 77 percent of revenues- but now has set even more audacious target -

“Looking at the total Internally Generated Revenue, we have N346bn compared to N451bn, achieving 77 per cent performance; total budget out of an expectation of N880bn, we have spent about N675bn, achieving 77 per cent performance.

Worry about Kenya. Lagos budget Last year was even bigger than this. So what's more ambitious about this?
There may be a deficit as expected but that can be tackled with the issuance of bonds, loans, FG allocation, more tax collection, etc.

If Kenya is just moving towards zero based budgeting, it is a confirmation of what I said earlier that Nigeria leads Kenya follows. The method was tried and discarded in Nigeria. Bushman from a bush country.

samorobo:



This is were we get the 18m from.
For forty years you’ve folded your arms and done absolutely nothing about it. What happened to advanced technology,irrigation,dams and the likes. You have no excuse,you are a failure.
Your govt failed you and that shouldn’t be excused. Say something else.

https://www.youtube.com/watch?v=hugq01VEaoA

The Little Indian can not say anything but throw insults.

rvp2018:
Focus on Ghana
Kenya we are very okay. One thing we have never lacked - BRAINS - ask Tanzanian how many times they close their borders for fear of kenya brains.
FUNDAMENTALS ARE AS USUAL GREAT - underlying inflation 5%, base or policy interest rate 8%, headline inflation 9%, currency deprecation 8%,

Our little problems ended when we elected Ruto

Ruto's Chief economist advisor says

https://twitter.com/DavidNdii/status/1585663898371383299
Zero chance. Eurobond Markets are closed but banks are open . We are on course to raise this years $900m external commercial financing target at below 8% and there is no shortage of appetite for more.

unfortunately the fundamentals don't look great on your finances hence the default and not even China wants to loan you money at the moment.

Your country has no room to pay the debt it currently holds because wage bill and debt servicing is already 125% of revenue. And unlike Ghana that has raining day funds, you guys even cutting down on expenditure will still not be enough.

Lagos is 20 million country - twice bigger than Rwanda.
What is 4 billion - when you can only do 70 percent - 3 billion. That is what 10M Rwanda does. And you deride kagame. And he isnt 100% urban almost like Lagos.
Nigeria states are reeling in debt because of ambitious and unrealistic budgetting.
Zero budgetting require very serious discipline - something alien in your country.
What point in issueing tenders and contracts - then revenue come - and fall short.
Pending bills rise - you kill people who supply you state govs- and their dreams.
The economy suffers - nobody trust trading with gov - and everything become a Nigeria zoo joke

Solution - gov should never get it more than 5% wrong - 23% wrong is criminally wrong- guesswork.

How do you estimate you will collect 4 billion dollars - then collect 3 billion The 1 billion budgeted expenditure will come from where and who will pay?

Large pending bills, unpaid salaries lasting months, unpaid pension lasting years. Gov with zero credibility

Dead economy.

obaaderemi:
Worry about Kenya. Lagos budget Last year was even bigger than this. So what's more ambitious about this?
There may be a deficit as expected but that can be tackled with the issuance of bonds, loans, FG allocation, more tax collection, etc.

If Kenya is just moving towards zero based budgeting, it is a confirmation of what I said earlier that Nigeria leads Kenya follows. The method was tried and discarded in Nigeria. Bushman from a bush country.

We have leg room - we are in IMF programme - and we are doing well - nobody is expecting kenya to collapse - gov is thinking of doing great stuff - ambitious stuff - not ghana crisis

Keep talking - by Dec - you'll be offline.

Just40:
unfortunately the fundamentals don't look great on your finances hence the default and not even China wants to loan you money at the moment.

Your country has no room to pay the debt it currently holds because wage bill and debt servicing is already 125% of revenue. And unlike Ghana that has raining day funds, you guys even cutting down on expenditure will still not be enough.

rvp2018:
I'd love to see you mother canoe in anambra state as she tries to pick her floating cooking pans. You have already lost 600 people. Focus on flooding in nigeria before you see drought in horn africa...too much water is as bad as lack of water.

Lol you must be deeply pained,for you to have involved my mum unprovoked. I must have really struck your nerve within your own reality. It’s so delightful to watch man.

Anyway I don’t live in anambra and I ain’t affected by no flood. Say something else pained soul.


18m Kenyans are starving to death,do something about it abd stop disgracing africa with your dirty begging bowl.