Kenya debt - right now that commercial loan has falled from 30% of external to 15% - as we retired one Eurobond with another --didnt take the money - but used it to repay the other - and extended the maturity.

Kenya debt problem is manageable - and that is why our macro-economics are stable.

We listened to the warning signs - and have generally gone slow.

This year Ruto gov will basically bring it to stand still - and in another year - we will be out of any problems - firing on all cylinders.

Which school of economics do Ghana economic policy wonks go to? People must avoid going there.

GeneralDae:

I believe that was the time Ghana was about going for their last IMF then (if I'm not mistaken), so the interest rate was always going to be outrageously high.

rvp20182:
kenya -> The share of commercial loans is now about 15% - less than 9 billion dollars. The rest are multilateral and bilateral creditors. We didnt issue Eurobond in 2021 - coz of interest rate - Ghana did - nigeria did. In fact the last Eurobond was somewhere in 2019 to retire the older Eurobond.

Nigeria has gone to Eurobond - including hilariously recklessly this year of 2022. You dont even care about the interest rates.

WHO DOES THIS Borrow commercial loan to fund FUEL SUBSIDY
https://www.reuters.com/world/africa/nigeria-offers-premium-raise-125-bln-eurobond-2022-03-18/
LAGOS/ABUJA, March 17 (Reuters) - Nigeria has priced a $1.25 billion Eurobond issue at 8.375%, its debt office said on Thursday, a premium compared to existing tenors as the country sought to raise cash to fund a costly petrol subsidy scheme in the face of limited oil revenue.

The latest debt issue marks Nigeria's eight outing on the Eurobond market after it sold a $4 billion debt in September and had been considering more issues before fears around the Omicron coronavirus variant led it to shelve plans. read more

On Eurobond, since you know so little, let me answer you with this excerpt:

In the five-year outlook (May 2022 to May 2027), several sub-
Saharan African countries are due to make $21.5 billion in
repayments of Eurobonds, excluding the cost of servicing
these foreign currency denominated loans. These include
heavy borrowers such as Ghana. which owes more than $4
billion to bondholders between now [June 2022] and May 2027,
and Kenya, with a bond repayment bill of almost $3 billion for
the next five years. The debt sustainability outlook of the
continent’s largest economy, Nigeria which owes almost $2
billion in Eurobond repayments, is also becoming more
concerning.

https://www.uxolo.com/articles/7130/Which-African-sovereigns-are-most-likely-to-default
Since you are ignorant about these things, Nigeria's Eurobond repayment is a paltry $2bn while Kenya's is $3bn. You could have gotten into deeper water if you hadn't run to borrow commercial loans this year instead of floating another Eurobond. All the same, it's still not an excellent deal for you.

rvp20182:
Where Ghana is at moment - is called hyperinflation - you should update yourself every few hours; Before you head for the shops; just carry twice the amount of money;

Kenya is bankrupt while your political leaders are asking for their term limits to be removed.

Hyperinflation is what Kenya has been facing for the better part of a year now, we've not gotten there yet

rvp20182:
Ghana the land of the golden stool worth 76 billion
copied..
one of the most outrageous bonds out there must be the $1bn lent to Ghana in 2015 at 10.75% interest with a $400m guarantee from the World Bank.A buyer of the bond in 2015 is already guaranteed to get $1.15bn. And they are still 'owed' $1bn, and $860m of interest payments

A bond that the WB saw wise to guarantee because of the profitability of the project it was going to fund. The Sankofa gas project development

That bond was repaid in two years

All this talk, I heard Nigerian lecturers haven't received salaries for months! It's impossible to take Nigerians seriously.

Just40:
A bond that the WB saw wise to guarantee because of the profitable of the project it was going to fund.

That bond was repaid in two years

Words.

What's the difference?

gallivant:


Words.

Read from the WB

We don't put Eurobond monies into loss making business like your country did with Chinese money and can't pay back

Mombasa port

Cedis is on a free fall against Ksh . On October 15th the rate was 1 cedi to 11ksh, today it's 1 cedi to 8Ksh

...

Wuoche:
Cedis is on a free fall against Ksh . On October 15th the rate was 1 cedi to 11ksh, today it's 1 cedi to 8Ksh

where do you exchange GHS for kshs?

Just40:
where do you exchange GHS for kshs?

In your bedroom.

You're still paying a billion dollar overcapacity charge after 2015 mess. You simply never seem to get right anything.

Just40:
Read from the WB

We don't put Eurobond monies into loss making business like your country did with Chinese money and can't pay back

Look like Pangani is coming up nicely - I believe that 1st picture.

Wuoche:
...

That is just in a month - welcome to hyperinflation.

Wuoche:
Cedis is on a free fall against Ksh . On October 15th the rate was 1 cedi to 11ksh, today it's 1 cedi to 8Ksh

[quote author=Mkenya2019 post=118209208]As we speak - you took loan from exim bank of China - and all your bauxite has to be banked in escrow account in China crazy morons. We gave china our words on paper - not escrow account where money is banked and they deduct first. we pay china man when we want. They cant invade kenya. During covid we asked for more time. We are going to ask for more time...if we want in the future.

China man doesnt have our money in some escrow account where he pays himself first. You must be only country in world to do this escrow thing with china.

https://www.scmp.com/news/china/diplomacy/article/3126260/ghanas-bauxite-infrastructure-deal-chinas-sinohydro-faces


Facing a severe infrastructure financing gap estimated at US$30 billion, Ghana two years ago turned to China to help it fund the building of roads, highways and power dams.
The West African nation signed a bauxite-for-infrastructure deal with Chinese state-owned firm Sinohydro Corp in 2018 that would allow the Chinese company to invest about US$2 billion in Ghana’s infrastructure.
In exchange, Ghana would use money earned from the sale of bauxite (the primary ore used to make aluminium), refined bauxite and aluminium to repay the loans. As collateral, Ghana agreed to establish an offshore escrow account for receiving revenues generated from the sale of bauxite.
[/quote

To think I suggested on ToT Gh should go for a MASSIVE century bond, collateralizing their gold and bauxite for a 50 yr bond of min 35 to max 50 bn $ to fix their infrastructure! I was fooled by their facade.
To finally get water, sewerage, airports and harbours to grow their GDP. Truly, life is a learning experience!? Luckily for me I'm not a Waffas, meaning I'm not emotionally attached to my previous conclusions I now admit were laughably WRONG!

vankelvin:

Why would you want to extend your debt payment? It's because you are highly indebted, broke and cannot pay as per the original contract stipulates

It doesn't work that way, my friend. Spare us your buffoonery. What we need is economic freedom. We need room to breathe. We need to expand other sectors of our economy. Extending the debt maturity period is part of the strategy to achieve the aforementioned.

Just40:
like you said... Projection but at the moment it is 68%

Only a fool like you rely on projections ...

Boy we have show much to show for our borrowing.. we own profitable assets by investing debt into our oil and gas sector which churns out lots of money for us from now into the future.

Spare us your selective amnesia. The link I gave out has a clear de-facto debt to GDP data; which is 78%.

People who are lending you: IMF and WB, are projecting a whopping 104% of Ghanaian debt to GDP in 2023 - that is now an estimation, meticulously done by your lenders. They ain't throwing hot air.

kikuyu1:

To think I suggested on ToT Gh should go for a MASSIVE century bond, collateralizing their gold and bauxite for a 50 yr bond of min 35 to max 50 bn $ to fix their infrastructure! I was fooled by their facade.
To finally get water, sewerage, airports and harbours to grow their GDP. Truly, life is a learning experience!? Luckily for me I'm not a Waffas, meaning I'm not emotionally attached to my previous conclusions I now admit were laughably WRONG

@kikuyu1 nailed it.

Shma2022:

The emboldened is the reason enough why I shouldn't engage you. But then again, I doubt if you've ever used an FN-SCAR( special force compact rifle) of any type. That factor alone drives us to a level pegging ground. You have to hit google to dig out information.

Also, the only version abandoned by the US navy seal was the light version of FN-SCAR. This is due to its heavy weight and jamming at some point.

"The U.S. Special Operations Command later canceled their purchase of the SCAR-L and planned to remove the rifle from their inventory by 2013. However, they will continue to purchase the SCAR-H version, and also plan to purchase 5.56 mm conversion kits for the SCAR-H, allowing it to substitute for the SCAR-L ."

Apart from the aforementioned, I agree with the rest of your points.

That's the SCAR H with guys en route to the DRC. It's being inducted with the regulars after being restricted with Airborne and SOF. Everyone loves it! Fyi, they've experience with G3s, M4s, FNs and AKs which says a LOT.

kikuyu1:


That's the SCAR H with guys en route to the DRC. It's being inducted with the regulars after being restricted with Airborne and SOF. Everyone loves it! Fyi, they've experience with G3s, M4s, FNs and AKs which says a LOT.

@jl115, here is your answer. Our KDF has both light and heavy FN SCAR. The machine that was previously used by special forces.

Wuoche:


In your bedroom.

since when did you start sleeping in my bedroom?

rvp20182:
You're still paying a billion dollar overcapacity charge after 2015 mess. You simply never seem to get right anything.

Not true
We ended that in 2018 and today, our energy consumption stands at 4400MW which is almost close to our total capacity generation..

You don't have to be pissed because your country borrowed to invest in loss making business while we invested all our borrowed money into highly profitable businesses.

Shma2022:

Spare us your selective amnesia. The link I gave out has a clear de-facto debt to GDP data; which is 78%.

People who are lending you: IMF and WB, are projecting a whopping 104% of Ghanaian debt to GDP in 2023 - that is now an estimation, meticulously done by your lenders. They ain't throwing hot air.



@kikuyu1 nailed it.

Keep hoping that Ghana will join you in that league .. by close of year, Ghana 400 billion cedis debt will be less than 50% of GDP. IMF projection are mostly based on the assumption that more debt will be taken in 2023 with a the projection made under prevailing condition,which can't happen.

As we speak, your country is already looking to borrow another 3 billion dollars from the UK while your president is smooching IMF ass for another money.

Talking about infrastructure.... You and your country men are yet to mention any infrastructure that your country has more of than Ghana.
Electricity
Roads
Water
SGR
Housing stock
Housing under construction
Education
Health
None of them

Sleep for you have nothing

...

Shma2022:

@jl115, here is your answer. Our KDF has both light and heavy FN SCAR. The machine that was previously used by special forces.

OK and? You use both... Which I didn't dispute after you mentioned it..... It makes 100% no difference in my argument

obaaderemi:
What's the difference?

Obaboon, this is why you can't afford to pay your lecturers

Hustlers everywhere in Nigeria.

Just40:
Keep hoping that Ghana will join you in that league .. by close of year, Ghana 400 billion cedis debt will be less than 50% of GDP. IMF projection are mostly based on the assumption that more debt will be taken in 2023 with a the projection made under prevailing condition,which can't happen.

As we speak, your country is already looking to borrow another 3 billion dollars from the UK while your president is smooching IMF ass for another money.

Talking about infrastructure.... You and your country men are yet to mention any infrastructure that your country has more of than Ghana.
Electricity
Roads
Water
SGR
Housing stock
Housing under construction
Education
Health
None of them

Sleep for you have nothing

What I emboldened is a pure speculation algorithm rooted from Guessmatics and word wasting.
I am kinda busy today and tomorrow, but I will tackle for you your paltry road network, then tomorrow evening, I will be back with more analysis.

Source: GHANA MINISTRY OF ROADS AND TRANSPORT.

This is the original report released on February 2022.
https://docs.google.com/viewerng/viewer?url=https://www.graphic.com.gh/images/2022/mar/31/Press_Release_on_Completed_Roads_at_SONA.pdf

From the content above, you only have a total of 78400km total road network. Out of it, Only 77% is tarred/PAVED. Quick math gives us 18,000km thereabout. Kenya was there around 2015-2017 when Uhuru had not unleashed his g@nja on road infrastructure.

Bonus:
From the same report, Ghana had only added 68km of the new road network - which has already been factored in 18k km total paved. If we add 1200 asphalt overlay of the existing unpaved road... It will give us a paltry 1268km
newly paved section, for the past 5yrs( 2017-2022). For a country that produces gold, oil, cocoa.. With possession of huge arable land.... That Is a disgrace.

Shma2022:

What I emboldened is a pure speculation algorithm rooted from Guessmatics and word wasting.
I am kinda busy today and tomorrow, but I will tackle for you your paltry road network, then tomorrow evening, I will be back with more analysis.

Source: GHANA MINISTRY OF ROADS AND TRANSPORT.

This is the original report released on February 2022.
https://docs.google.com/viewerng/viewer?url=https://www.graphic.com.gh/images/2022/mar/31/Press_Release_on_Completed_Roads_at_SONA.pdf

From the content above, you only have a total of 78400km total road network. Out of it, Only 77% is tarred/PAVED. Quick math gives us 18,000km thereabout. Kenya was there around 2015-2017 when Uhuru had not unleashed his g@nja on road infrastructure.

Bonus:
From the same report, Ghana had only added 68km of the new road network - which has already been factored in 18k km total paved. If we add 1200 asphalt overlay of the existing unpaved road... It will give us a paltry 1268km
newly paved section, for the past 5yrs( 2017-2022). For a country that produces gold, oil, cocoa.. With possession of huge arable land.... That Is a disgrace.

If your road network in 2017 was 18000 and you've added 68km, then you should be doing 18,068km in 2022.


Ghana has only added 68km of new roads. The asphalt overlay is different. It's like re-carpeting the existing section, which in this case; will not count.
https://www.lakeridgepaving.com/what-is-an-asphalt-overlay-and-why-is-it-important/

Ruto secures 35 billion dollars commitment including 4b dollars dam - The Grand High Falls Dam - to generate 1000mw and irrigate 400K acres of land. Most of the deals are PPPs.
https://nation.africa/kenya/business/sh425bn-mega-dam-second-largest-project-after-sgr-lined-up-in-deal-with-uk-4013434

Shma2022:

What I emboldened is a pure speculation algorithm rooted from Guessmatics and word wasting.
I am kinda busy today and tomorrow, but I will tackle for you your paltry road network, then tomorrow evening, I will be back with more analysis.

Source: GHANA MINISTRY OF ROADS AND TRANSPORT.

This is the original report released on February 2022.
https://docs.google.com/viewerng/viewer?url=https://www.graphic.com.gh/images/2022/mar/31/Press_Release_on_Completed_Roads_at_SONA.pdf

From the content above, you only have a total of 78400km total road network. Out of it, Only 77% is tarred/PAVED. Quick math gives us 18,000km thereabout. Kenya was there around 2015-2017 when Uhuru had not unleashed his g@nja on road infrastructure.

Bonus:
From the same report, Ghana had only added 68km of the new road network - which has already been factored in 18k km total paved. If we add 1200 asphalt overlay of the existing unpaved road... It will give us a paltry 1268km
newly paved section, for the past 5yrs( 2017-2022). For a country that produces gold, oil, cocoa.. With possession of huge arable land.... That Is a disgrace.

You don't seem to know how to read, so let me help you.

In 2021.. the total classified road network size is 94,200km while total road network of both classified and I classified is 109,515km as at 2009.

27% of 109,515km gives you 29,569.05km of paved road network as at 2017... Add the 10,875km of paved roads completed by 2021 May and you'll get 40,444.05km
This excludes additional 11,000km of road works still ongoing of which almost 5,000km had been completed in 2022.

This is more than double the fraudulent numbers your country bundle up as paved road network.... Let me hear your excuses of how Ghana has gold and oil as if Kenya doesn't have gold and oil.

What is laughable is that Ghana has more than twice your country highway network.