14 African nations feature in ranking

Fourteen African nations feature in the Brand Finance Nation Brands 2020 ranking, with Nigeria the highest ranked in 40th position. As with the majority of nations across the ranking Nigeria has recorded a brand value loss, down 15% to US$217 billion. The outlook for the nation at the beginning of the year was looking particularly positive with the economy expanding exponentially, reaching a point where it overtook South Africa to become the continent’s largest economy. However, as with other nations globally this growth has been rapidly stunted and is contracting from the near halt of economic activity – including much lower oil export volumes and the steep oil price drop - as a result of Coronavirus.

2020 has marked yet another troubled year for the South African economy as it continues to contract at an alarming rate and the far reaching and debilitating COVID-19 pandemic has exacerbated this deterioration further. This damage is reflected in its 26% brand value loss to US$162 billion.

In contrast, Ethiopia has emerged as the shining star of the continent, its nation brand value growing an impressive 19% to US$61 billion.

https://brandfinance.com/press-releases/14-african-nations-feature-in-ranking-of-worlds-most-valuable-nation-brands

Let me break it down to you. IMF are currently working on your case...to see just how sick your public finances are so they can determine the best way forward

1) "Best" case scenario - Ghana has a liquidity problem - IMF put you in their HDU - for at least 3yrs - you wont be able to access debt market until 2025.
2) Worse case scenario - you have a solvency problem - Ghana go through a protracted debt restructuring - like Zambia is going through - Ethiopia too - recovery will take longer - maybe 5-10yrs. Access to Eurobond in a decade is out of question.

3) Worst case scenario - you do a classic default like Srilanka. Nigeria adopt you and colonize you as they send AID.

Now the questions is which is more likely. #3 is very likely. You have attempted to improve revenues and slash expenditure - nothing doing. You can probably restructure domestic debt but you took a lot of Eurobond - which is very hard to restructure.

So #3 is looking increasingly very likely. Your foreign reserves have dropped from 10B to 9B to 6B - and now I think about 2B in a year. The cedis is depreciating seriously.

The more IMF delay with deal - now very unlikely until 1st Q of 2023 - the worse it will become. By January your gov is likely to have depleted it's forex reserves...and Srilanka will have new company.

Nigeria will be sending Jollof rice...so dont worry

Just40:

There's no disaster to happen because our problems has already been resolved.

Kenya is still trying to find it way in that IMF program...
We've watched your disaster unfold over the last 2 years, Ghana is not as poor as your country..

We didn't spend our Eurobond on lost making businesses like Kenya did. Once you learn the difference between liquidity challenge and the debt crisis of Kenya.. you'll learn sense.



Anyway, here is Miss Trudy telling you how strong the Ghana cedi is... She was pissed that all her life savings in Shillings earn up being peanut money in cedi equivalent.


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

This 2020 report? Are you that desperate?

2022

Sub-Saharan Africa is strongly represented among the top 20 fastest-growing nation brands too, led by South Africa (up 23% to US$216 billion) and Tanzania (up 23% to US$41 billion) as the world’s 3rd and 4th fastest-growing this year, followed by Kenya (up 19% to US$80 billion) and Ghana (up 16% to US$57 billion).

GeneralDae:
14 African nations feature in ranking

Fourteen African nations feature in the Brand Finance Nation Brands 2020 ranking, with Nigeria the highest ranked in 40th position. As with the majority of nations across the ranking Nigeria has recorded a brand value loss, down 15% to US$217 billion. The outlook for the nation at the beginning of the year was looking particularly positive with the economy expanding exponentially, reaching a point where it overtook South Africa to become the continent’s largest economy. However, as with other nations globally this growth has been rapidly stunted and is contracting from the near halt of economic activity – including much lower oil export volumes and the steep oil price drop - as a result of Coronavirus.

2020 has marked yet another troubled year for the South African economy as it continues to contract at an alarming rate and the far reaching and debilitating COVID-19 pandemic has exacerbated this deterioration further. This damage is reflected in its 26% brand value loss to US$162 billion.

In contrast, Ethiopia has emerged as the shining star of the continent, its nation brand value growing an impressive 19% to US$61 billion.

https://brandfinance.com/press-releases/14-african-nations-feature-in-ranking-of-worlds-most-valuable-nation-brands

Mkenya2019:
This 2020 report? Are you that desperate?

2022

Sub-Saharan Africa is strongly represented among the top 20 fastest-growing nation brands too, led by South Africa (up 23% to US$216 billion) and Tanzania (up 23% to US$41 billion) as the world’s 3rd and 4th fastest-growing this year, followed by Kenya (up 19% to US$80 billion) and Ghana (up 16% to US$57 billion).

Fastest growing is different from the top. Nigeria still top in 2022.

The brand value of Africa s’ biggest economy rose to $241 billion in 2022, the highest in three years, from $236 billion in 2021, the 2022 Nation Brands report has shown.

BusinessDay analysis of the report by Brand Finance, a London-based brand valuation consulting firm, ranked Nigeria as the top nation brand in Africa for the fourth consecutive year

Overlooking Ridge

Overlooking Osu

Mkenya2019:
Let me break it down to you. IMF are currently working on your case...to see just how sick your public finances are so they can determine the best way forward

1) "Best" case scenario - Ghana has a liquidity problem - IMF put you in their HDU - for at least 3yrs - you wont be able to access debt market until 2025.
2) Worse case scenario - you have a solvency problem - Ghana go through a protracted debt restructuring - like Zambia is going through - Ethiopia too - recovery will take longer - maybe 5-10yrs. Access to Eurobond in a decade is out of question.

3) Worst case scenario - you do a classic default like Srilanka. Nigeria adopt you and colonize you as they send AID.

Now the questions is which is more likely. #3 is very likely. You have attempted to improve revenues and slash expenditure - nothing doing. You can probably restructure domestic debt but you took a lot of Eurobond - which is very hard to restructure.

So #3 is looking increasingly very likely. Your foreign reserves have dropped from 10B to 9B to 6B - and now I think about 2B in a year. The cedis is depreciating seriously.

The more IMF delay with deal - now very unlikely until 1st Q of 2023 - the worse it will become. By January your gov is likely to have depleted it's forex reserves...and Srilanka will have new company.

Nigeria will be sending Jollof rice...so dont worry

Honest question, is Ghana even worth investing into?

The economy seems unstable and the fact Ghana has gone to the IMF program 17 different times for bailouts. Sounds like I would lose more money than I would actually make there. If so, Kenya seems like the better option here.

Mkenya2019:
Let me break it down to you. IMF are currently working on your case...to see just how sick your public finances are so they can determine the best way forward

1) "Best" case scenario - Ghana has a liquidity problem - IMF put you in their HDU - for at least 3yrs - you wont be able to access debt market until 2025.
2) Worse case scenario - you have a solvency problem - Ghana go through a protracted debt restructuring - like Zambia is going through - Ethiopia too - recovery will take longer - maybe 5-10yrs. Access to Eurobond in a decade is out of question.

3) Worst case scenario - you do a classic default like Srilanka. Nigeria adopt you and colonize you as they send AID.

Now the questions is which is more likely. #3 is very likely. You have attempted to improve revenues and slash expenditure - nothing doing. You can probably restructure domestic debt but you took a lot of Eurobond - which is very hard to restructure.

So #3 is looking increasingly very likely. Your foreign reserves have dropped from 10B to 9B to 6B - and now I think about 2B in a year. The cedis is depreciating seriously.

The more IMF delay with deal - now very unlikely until 1st Q of 2023 - the worse it will become. By January your gov is likely to have depleted it's forex reserves...and Srilanka will have new company.

Nigeria will be sending Jollof rice...so dont worry

While Kenya foreign reserves is dropping quickly and was 7.4 billion as at September... It is around 5 billion dollars in November... Because of this you thinking Ghana is in the same league with you.
Ghana reserves as at last month stood at 7 billion dollars... With new inflows, it has gone back up to 9 billion dollars as at the beginning of this month.

Don't worry, Ghana will not join Kenya in it classic default class..
You're lucky the IMF came to save you.
Ghana at this point is in a better position because Ghana did not spend it 11 billion dollars Eurobonds on loss making ventures..
Every where our Eurobonds were spent are capable of repaying them. Just Ghana Gas alone with it 800 to 1000 million dollars turnover is capable of paying Ghana Eurobonds and if we want, we can list Ghana gas 10 billion dollars in valuation or GNPC at 30 billion in asset under development valuation.

Ghana liquidity issue is not a big deal and wouldnt have been if not for the tight politics here. It will be over in 6 months

This is where Ghana Eurobonds went to, a 7.7 billion dollars development which brings in 3.5 billion dollars in both savings and revenue flows from Sankofa gas.

Another 2 billion dollars in Eurobonds in 2021 was spent acquiring various oil and gas assets.

An extra 2 billion dollars of Eurobond money is being spent to increase gas handling infrastructure to prevent Tullow from flaring 300 million dollars worth of Gas yearly.

TorpedoTortilla:


Honest question, is Ghana even worth investing into?

The economy seems unstable and the fact Ghana has gone to the IMF program 17 different times for bailouts. Sounds like I would lose more money than I would actually make there. If so, Kenya seems like the better option here.

Ghana is worth investing into hence why the country is very attractive and receives a large inflow of FDIs yearly.

Invest your money in Kenya and watch it go down the drain as Kenya does not have the numerous opportunities that exist in Ghana.

There's a reason why Capita outflows out of Kenya is so high at the moment

Legon coming up quite well

Kazikazi:
Kenya airways pilot's are on strike. A huge mess is being unfolding....

Karma doesn't disappoint. Thanks to the precision air crash your nascent airline industry is set back 20 years. Your airlines which were already not allowed to fly internationally are now for sure blacklisted.

Just40:
Ghana is worth investing into hence why the country is very attractive and receives a large inflow of FDIs yearly.

Invest your money in Kenya and watch it go down the drain as Kenya does not have the numerous opportunities that exist in Ghana.

There's a reason why Capita outflows out of Kenya is so high at the moment

Clutching at straws..

Shma2022:

Nah, bru. I still believe FN scar is the most lethal combat rifle in Kenya.

FN scar is only used by KDF military in the continent.

it's a 5.56mm.....do you understand what that means?

Long stories. Your country economy cannot be saved by mindless spinning and propaganda.
Your Eurobond is sad story - interest and principal payments are crazy
As we speak your central bank cannot meet dollar demands.
It supplies 25M against demand of 100M plus.
Already imports are drying up - containers coming to Tema port becoming few and fewer.

https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Bank-of-Ghana-could-not-provide-importers-nearly-80m-to-import-goods-MP-alleges-1656659

Just40:
While Kenya foreign reserves is dropping quickly and was 7.4 billion as at September... It is around 5 billion dollars in November... Because of this you thinking Ghana is in the same league with you.
Ghana reserves as at last month stood at 7 billion dollars... With new inflows, it has gone back up to 9 billion dollars as at the beginning of this month.

Don't worry, Ghana will not join Kenya in it classic default class..
You're lucky the IMF came to save you.
Ghana at this point is in a better position because Ghana did not spend it 11 billion dollars Eurobonds on loss making ventures..
Every where our Eurobonds were spent are capable of repaying them. Just Ghana Gas alone with it 800 to 1000 million dollars turnover is capable of paying Ghana Eurobonds and if we want, we can list Ghana gas 10 billion dollars in valuation or GNPC at 30 billion in asset under development valuation.

Ghana liquidity issue is not a big deal and wouldnt have been if not for the tight politics here. It will be over in 6 months

This is where Ghana Eurobonds went to, a 7.7 billion dollars development which brings in 3.5 billion dollars in both savings and revenue flows from Sankofa gas.

Another 2 billion dollars in Eurobonds in 2021 was spent acquiring various oil and gas assets.

An extra 2 billion dollars of Eurobond money is being spent to increase gas handling infrastructure to prevent Tullow from flaring 300 million dollars worth of Gas yearly.

Ghana and Zambia just cant manage their public finances.

https://www.washingtonpost.com/business/energy/why-ghana-went-from-hero-to-zero-for-investors/2022/11/01/6daa4952-599a-11ed-bc40-b5a130f95ee7_story.html

So what went wrong?

The government abandoned fiscal discipline and opened the spending taps in anticipation of an oil windfall. But the revenue it earned was insufficient to cover a succession of expensive flagship programs and it borrowed more to plug funding gaps. Overspending was particularly rife in election years. Akufo-Addo’s administration has scrapped fees for senior high school students. In 2021, the government spent $1 billion on refinancing loans owed by private power producers, a move that was intended to reduce the state’s electricity bills. A plan to strengthen a banking industry that’s been weakened by bad loans has cost more than 25 billion cedis ($1.8 billion), and an estimated 8 billion cedis more is needed to complete the process..Covid-19 dealt a further blow to the state’s already stretched finances. After selling eurobonds for each of the previous nine years, Ghana was shut out of international capital markets in 2022 as investors lost faith in its ability to service its loans. The government shunned an initiative that would have enabled it to suspend interest payments, and vowed not to tap further support from the IMF, before changing its tune in July 2022.

TorpedoTortilla:


Honest question, is Ghana even worth investing into?

The economy seems unstable and the fact Ghana has gone to the IMF program 17 different times for bailouts. Sounds like I would lose more money than I would actually make there. If so, Kenya seems like the better option here.

The country is on the verge of a fiscal crisis. Its 402.4 billion cedis of debt equated to 68% of gross domestic product at the end of July 2022, up from 62.5% five years earlier . When it could no longer tap international markets, the government resorted to taking out domestic loans, paying annual interest rates of almost 30%. The central bank stepped in to provide the government with funding after it risked defaulting on its local debt, but it plans to limit further support to stay within its legal lending threshold. The IMF has warned that the authorities will have to take remedial action, including restructuring its liabilities, to qualify for assistance should the state’s debt be deemed unsustainable.

Just40:
Ghana is worth investing into hence why the country is very attractive and receives a large inflow of FDIs yearly.

Invest your money in Kenya and watch it go down the drain as Kenya does not have the numerous opportunities that exist in Ghana.

There's a reason why Capita outflows out of Kenya is so high at the moment

He immediately went as far back as 2007 to explain a plane accident in their country. These Bongolalas are something. Next he will blame Kenya.

gallivant:


Karma doesn't disappoint. Thanks to the precision air crash your nascent airline industry is set back 20 years. Your airlines which were already not allowed to fly internationally are now for sure blacklisted.

Mkenya2019:
The country is on the verge of a fiscal crisis. Its 402.4 billion cedis of debt equated to 68% of gross domestic product at the end of July 2022, up from 62.5% five years earlier . When it could no longer tap international markets, the government resorted to taking out domestic loans, paying annual interest rates of almost 30%. The central bank stepped in to provide the government with funding after it risked defaulting on its local debt, but it plans to limit further support to stay within its legal lending threshold. The IMF has warned that the authorities will have to take remedial action, including restructuring its liabilities, to qualify for assistance should the state’s debt be deemed unsustainable.

you have said nothing here ... Using two accounts

Mkenya2019:
Long stories. Your country economy cannot be saved by mindless spinning and propaganda.
Your Eurobond is sad story - interest and principal payments are crazy
As we speak your central bank cannot meet dollar demands.
It supplies 25M against demand of 100M plus.
Already imports are drying up - containers coming to Tema port becoming few and fewer.

https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Bank-of-Ghana-could-not-provide-importers-nearly-80m-to-import-goods-MP-alleges-1656659

That's just a lie from Isaac as he tries to play politics because in the October window, the BOG received fresh 2 billion dollars inflow and every importer was able to access as much funds as they need.
The importers association is a strong pressure group that will come out to say whatever their challenge was and in October, their only challenge was for govt to stabilize the forex rate on duties at the port.

You don't have to lie to make Kenya look good kiddo... Ship call at Tema Harbour has only gone up since June.

In Kenya, there's forex shortage and your importers can't find forex to import.. leading to import dry up which led to fuel shortages and grain shortages so you think she must be happening here.

Central Bank stepped in to pay local debt when Finance Ministry Treasury revenues couldnt pay for it.
That is layman mean Ghana has been printing money to pay off local debt.
No wonder Cedis is on a free fall.

Just40:
you have said nothing here ... Using two accounts

Focus madman with mindless spin that dont sway anybody here.
Here is your GUTA chair describing the situation at the port...this just last week
He calls it eye sore - no containers are coming out of the port.
https://www.ghanaweb.com/GhanaHomePage/business/Possible-shortage-of-goods-items-likely-to-hit-Ghana-ahead-of-December-GUTA-1655855

And so does importers/exporters

“We think there is going to be a shortage of some food items,” said Samson Asaki Awingobit, executive secretary of Ghana’s importers and exporters association which includes buyers of grains, flour and rice. “The dollar is swallowing our cedi and we are in a hopeless situation.”

Just40:
That's just a lie from Isaac as he tries to play politics because in the October window, the BOG received fresh 2 billion dollars inflow and every importer was able to access as much funds as they need.
The importers association is a strong pressure group that will come out to say whatever their challenge was and in October, their only challenge was for govt to stabilize the forex rate on duties at the port.

You don't have to lie to make Kenya look good kiddo... Ship call at Tema Harbour has only gone up since June.

In Kenya, there's forex shortage and your importers can't find forex to import.. leading to import dry up which led to fuel shortages and grain shortages so you think she must be happening here.

Just40:
That's just a lie from Isaac as he tries to play politics because in the October window, the BOG received fresh 2 billion dollars inflow and every importer was able to access as much funds as they need.
The importers association is a strong pressure group that will come out to say whatever their challenge was and in October, their only challenge was for govt to stabilize the forex rate on duties at the port.

You don't have to lie to make Kenya look good kiddo... Ship call at Tema Harbour has only gone up since June.

In Kenya, there's forex shortage and your importers can't find forex to import.. leading to import dry up which led to fuel shortages and grain shortages so you think she must be happening here.

I think there was a recent influx of 1.2 Billion dollars cocoa loan for Ghana if I'm not mistaken, or is it yet to come?

Mkenya2019:
Central Bank stepped in to pay local debt when Finance Ministry Treasury revenues couldnt pay for it.
That is layman mean Ghana has been printing money to pay off local debt.
No wonder Cedis is on a free fall.

Yes Ghana has been printing money.... I've said it here before, it is a direct response to the gold buying policy.

The cedi depreciation is only a temporary response to the printing as it will effectively establish a peg overtime since the printed cedis is backed by gold reserves and over time every cedi in circulation will have a gold reserve backing under LMBA certification.

This will make the cedi even more stronger than the kshs and make more Kenyans making the move to Ghana see their kshs worth sand.
More Kenyans are coming to work in Ghana because with the little cedis they make here can make them thousands to a million kshs when they convert.

GeneralDae:

I think there was a recent influx of 1.2 Billion dollars cocoa loan for Ghana if I'm not mistaken, or is it yet to come?

it has
There was also a 1.5 billion oil inflows and a 750 million inflow so the market is flush with cash

Mkenya2019:
Focus madman with mindless spin that dont sway anybody here.
Here is your GUTA chair describing the situation at the port...this just last week
He calls it eye sore - no containers are coming out of the port.
https://www.ghanaweb.com/GhanaHomePage/business/Possible-shortage-of-goods-items-likely-to-hit-Ghana-ahead-of-December-GUTA-1655855

And so does importers/exporters

“We think there is going to be a shortage of some food items,” said Samson Asaki Awingobit, executive secretary of Ghana’s importers and exporters association which includes buyers of grains, flour and rice. “The dollar is swallowing our cedi and we are in a hopeless situation.”

As usual.. you're just crazy with no understanding of what he is saying.
They complained that the charges at the port was too high and used this argument to bend govt will to reduce duties paid at the port by by establishing a fixed rate of 8 cedis to a dollar at the port.

If Ghana is to stop all import today, it will take 2 to 3 years before there is a shortage of anything here.

In Kenya, it only took 2 months and you guys were looking like Venezuela

jl115:
it's a 5.56mm.....do you understand what that means?

Your deamining character is screaming, that's why without doing reach, you concluded that we only operate on an FN SCAR-L(5.56) - which is still lethal notwithstanding the weight. My friend, we have both HEAVY( 7.62×51mm) and LIGHT(5.56 ×45mm) special OP compact.
You can check it out from Kenya Ordnance Factories Corporation(KOFC) page.
And yes, 5.56 is just a cartridge power.

Crazy Logic.
You went gold purchasing hoping to stop the cedis depreciation and rein in inflation.
It has produced the opposite impact.
The cedis has decelerated even faster....

Just40:
Yes Ghana has been printing money.... I've said it here before, it is a direct response to the gold buying policy.

The cedi depreciation is only a temporary response to the printing as it will effectively establish a peg overtime since the printed cedis is backed by gold reserves under LMBA certification.

What about the outflows - you basically import almost everything - oil export of 3B - refined oil imports of 5B - you're negative. 1st half of this year - exports of 7.6B - imports of 7.5B - before we factor out forex outflows - as investors and ghanians dollarize & run away from your dying economy.

Just40:
it has
There was also a 1.5 billion oil inflows and a 750 million inflow so the market is flush with cash

Nonsense. Port charges are small potatos. The big problem - they are dealing with cedis that is falling everyday - and it's hard to find it - except to forage in black alleys and markets. Your central bank can hardly meet 1/4 of the demands. And then when they import - they have to deal with dead stock -as Ghanians can no longer afford to buy many things.

As for Kenya - you will never understand just how strong and resilient our economy is - and it starts with having very strong domestic economy that manufacture a lot of things we use. Then our imports or trade - almost 50% is done within Africa (highest intra-africa trade in Africa) - you dont need to use dollars to trade with Uganda or Tanzania.

That is why we breeze through all these global financial crises like nothing happened.

Fundamentals as we speak. Inflation headline is 9.5% - underlying is 5.7 percent. MPR or base interest is 8.25 percent. Currency depreciation 9 percent. Our fundamentals and macro-economic looks very good...despite a serious drought.

Just40:
As usual.. you're just crazy with no understanding of what he is saying.
They complained that the charges at the port was too high and used this argument to bend govt will to reduce duties paid at the port by by establishing a fixed rate of 8 cedis to a dollar at the port.

If Ghana is to stop all import today, it will take 2 to 3 years before there is a shortage of anything here.

In Kenya, it only took 2 months and you guys were looking like Venezuela

rvp20182:
Crazy Logic.
You went gold purchasing hoping to stop the cedis depreciation and rein in inflation.
It has produced the opposite impact.
The cedis has decelerated even faster....

We went gold purchasing using the cedi in other to change our entire monetary regime to adjust to Breton wood 3.0.
Increasing our real money reserves to effectively create a 70% to 90% reserve backing for every cedi in circulation just like Switzerland.

No, you were desperate for forex, and thought you could print fake cedis, and use it to buy gold from poor galamsey. I think by now the Chinese shaoling gangs must have gone underground with their gold. No sane person can exchange gold with a falling cedis. They will sell in dollars. You go find dollars and buy all the gold you want - or start gov owned mines - and mine as much gold as the swiss. After you learn to make chocolate bars.

Bretton wood 3.0 - desperation - old desperation. Kenya was there in 1993. With forex running out - gov decided to go to DRC and try steal their gold - and re-export.

Now Ghana is trying to snatch small miners gold and use it as hard currency

Just40:
We went gold purchasing using the cedi in other to change our entire monetary regime to adjust to Breton wood 3.0.
Increasing our real money reserves to effectively create a 70% to 90% reserve backing for every cedi in circulation just like Switzerland.