vaxx:
nah , you goofed boy, ours comes as result of global phenomenon like covid 19 ( same things that causes your debt unstablity and the internal government police like the financial clean up exercise . So you knew nothing. Your government was not doing enough In 2016 when he forcefully acquired three debt ridden banks , your bigger problem has been prosponed , Ghana is handling his own nah , that is just the difference .

Despite your stubbornness to fact that can be obtained from open source , you still fumbled. Chinese citizens will eat you alive for saying their price index hasn't changed of resent. If it is way lower than many developed nations like them , it doesn't changed the fact they are not under inflation , maybe well managed but the fact is they did not excaped it . When the whole world was at his knees during covid 19, Ghana cedis was performing best to the dollar , Ghana was giving free water to her citizens , lowering electricity cost for her citizens and so many social responsibility , if kenya try that , your country will bleed out . She is not in a financial position to rely on tea economy to drive such bill. nah almost your entire population workforce are into agriculture , so what types of diversification are you talking about ? That is even bigger than Ghana entire population. So you aren't doing better than Togo bro. If you are borrowing at such alarming rate in which constitution was even thrown to the gutter to allowed for more debt profile. Borrowing beyond what you can pay. And china care less. they suddenly add another 11 million dollar to your debt for your failure to refuse paying up what you borrowed.
But if push comes to shove, what are you leaning on in kenya ,, Tea and flower , you must be mad .

We have billions if not trillions of dollars sitting in form of common dirt sands ( gold in our soil ) borrowing hasn't become a problem , the world is aware, it is it the ability to pay back on time . We are capable .

Mindless ranting.Which bank did Kenya gov acquire and why would it even do that.If a bank in Kenya get into problem, central bank closes it, protect stakeholder money and is promptly sold to other banks.There are many such small banks in Kenya..and more getting license.Kenya and Ghana debt crisis did not start with COVID.It was already a problem.Kenya started to dial down and got into imf program as soon as it was available.Ghana delayed, continued to borrow and is now crushing. Debt market are not interested in long stories about dust..they want money in gov coffers.Kenya economy generates 21 billion annually in revenue.Its 115 billion dollars economy as of last year... likely to hit 120 billion this year.Ghana you're dead if imf doesn't come in quick. Kenya will always confound primitive extractive economies like Ghana and Nigeria wondering how we have build all these stuff with tea and coffee...no we use our brains.. human capital..the western world don't have any gold or diamond or oil...they invest in their human capital ..you take refuge in natural resources and crushes every three years

vaxx:

kenya staticians institution is highly politically influence , who knows if that is the exact figure ? Cus consumer price index keep exposing them..

For example , you can still have a good meal in any standard restaurant with just two dollars in Ghana (about 28 to 30 cedis ) I doubt it will happen in kenya. I have checked on common food outlet like KFC.

Basically... Kenya is a true reflection of a zoo

Even junk like KFC cost a finger to get.. you can only wonder how many kidneys it will cost to get a boutique meal

rvp20182:
Mindless ranting.Which bank did Kenya gov acquire and why would it even do that.If a bank in Kenya get into problem, central bank closes it, protect shareholder money and is promptly sold to other banks.There are many such small banks in Kenya..and more getting license.Kenya and Ghana debt crisis did not start with COVID.It was already a problem.Kenya started to dial down and got into imf program as soon as it was available.Ghana delayed, continued to borrow and is now crushing. Debt market are not interested in long stories about dust..they want money in gov coffers.Kenya economy generates 21 billion annually in revenue.Its 115 billion dollars economy as of last year... likely to hit 120 billion this year.Ghana you're dead if imf doesn't come in quick

they are always unwritten rules behind every penny you borrowed , china might sized and control their railway , freezed your asset taking with chinese loan etc if that becomes a must ? What are you leaning on ? Tea and flower ? You must be mad ?let me give you a hint, Somewhere in 2008, the IMF decided to sell more than 400 tons of their Fund’s gold. Gotten from Ghana and all other rich mineral resources country . the IMF earned about 3 billion more than it expected. And that billiion was used to give low-income countries low or no-interest loans like yours a relief , i doubt the potential of tea and flower .

Give yourself a read , your country forced more than three banks in 2016 when it becomes obvious there are already in distress

With Ghana certain debt profile , it is already in the process of shedding it , what is your country doing?

Just40:

Basically... Kenya is a true reflection of a zoo

Even junk like KFC cost a finger to get.. you can only wonder how many kidneys it will cost to get a boutique meal

the consumer price index exposed them . It is way to much expensive to live in kenya than in Ghana . Factoring Accra and nairobi only .

Just40:

Basically... Kenya is a true reflection of a zoo

Even junk like KFC cost a finger to get.. you can only wonder how many kidneys it will cost to get a boutique meal

Is that why you cedis is now 150,000 to a dollar... remember you redominated the cedis,removed four zeros and peg it to a dollar..now it gone 15 times down..and you can bet income has not risen 15 times... unless you gov or private sector increase salaries.Youre just another Zimbabwe or Zambia

vaxx:
they are always unwritten rules behind every penny you borrowed , china might sized and control their railway , freezed your asset taking with chinese loan etc if that becomes a must ? What are you leaning on ? Tea and flower ? You must be mad ?let me give you a hint, Somewhere in 2008, the IMF decided to sell more than 400 tons of their Fund’s gold. Gotten from Ghana and all other rich mineral resources country . the IMF earned about 3 billion more than it expected. And that billiion was used to give low-income countries low or no-interest loans like yours a relief , i doubt the potential of tea and flower .

Give yourself a read , your country forced more than three banks in 2016 when it becomes obvious there are already in distress

With Ghana certain debt profile , it is already in the process of shedding it , what is your country doing?

What are you talking about...last banking crisis we had was 1998.There are 45 banks in Kenya...some are family banks for use by small clientele. Banking crisis only is an issues if affect big banks..in Kenya no single bank has even 10 percent market share...now they are 38 banks and more getting license.

vaxx:
the consumer price index exposed them . It is way to much expensive to live in kenya than in Ghana . Factoring Accra and nairobi only .

I just decided to check retail prices in their country to compare it with what exist in Ghana on basic stuff and the mess I saw even surprised me. And I started asking how and when they went through such hyperinflation to get to where they are today, where most Kenyans can't afford food anymore.

rvp20182:
Is that why you cedis is now 150,000 to a dollar... remember you redominated the cedis,removed four zeros and peg it to a dollar..now it gone 15 times down..and you can bet income has not risen 15 times... unless you gov or private sector increase salaries.Youre just another Zimbabwe or Zambia

desperate as usual ..
No wonder the price of cement in Kenya is same as that of Zambia ....
To be buying cement at almost 9 dollars is just insane.
Rice at 10 dollars for 5kg and other basic stuff.


No wonder 44million Kenyans are now poor

rvp20182:
Is that why you cedis is now 150,000 to a dollar... remember you redominated the cedis,removed four zeros and peg it to a dollar..now it gone 15 times down..and you can bet income has not risen 15 times... unless you gov or private sector increase salaries.Youre just another Zimbabwe or Zambia

our issue with cedis is more of internal one ( speculative individual who used it for business and black market operator .you don't value the number of cash that buy Apple's but how much of that cash available to buy the Apple's. If we are buying dollar for another 14hundred thousand and we have billions equivalent of it in dollars that is what that matters . It will takes you thousands of Japanese yen to get you a 100 dollar that doesn't mean they are performing poorly .

Japanese yen or even Veitnam dong or South Korea won are STABLE. You dont see them depreciating yearly. In fact their problem is of no inflation.

You cannot talk about cost of living when you live in Zimbwabwe when currency has depreciated since independence by 150,000 to dollar now.

Kenya since independence - it's 120 to a dollar.

You cannot convince me that people income have risen by 3 times the last three months. Or 150,000 since independence.

Ghanians are wailing. You live in Zimbwabw or Zambia

vaxx:
our issue with cedis is more of internal one ( speculative individual who used it for business and black market operator .you don't value the number of cash that buy Apple's but how much of that cash available to buy the Apple's. If we are buying dollar for another 14hundred thousand and we have billions equivalent of it in dollars that is what that matters . It will takes you thousands of Japanese yen to get you a 100 dollar that doesn't mean they are performing poorly .

rvp20182:
Mindless ranting.Which bank did Kenya gov acquire and why would it even do that.If a bank in Kenya get into problem, central bank closes it, protect stakeholder money and is promptly sold to other banks.There are many such small banks in Kenya..and more getting license.Kenya and Ghana debt crisis did not start with COVID.It was already a problem.Kenya started to dial down and got into imf program as soon as it was available.Ghana delayed, continued to borrow and is now crushing. Debt market are not interested in long stories about dust..they want money in gov coffers.Kenya economy generates 21 billion annually in revenue.Its 115 billion dollars economy as of last year... likely to hit 120 billion this year.Ghana you're dead if imf doesn't come in quick. Kenya will always confound primitive extractive economies like Ghana and Nigeria wondering how we have build all these stuff with tea and coffee...no we use our brains.. human capital..the western world don't have any gold or diamond or oil...they invest in their human capital ..you take refuge in natural resources and crushes every three years

If SouthKoreans say they use their brains and don't depend on natural resources, the claim is verified from the amount of manufacturing companies they have and what they produce. It can also be verified from the value of their biggest exports.
We check, and your biggest production and exports are Tea/Flowers. What is the value of your manufactured goods compared to Ghana and Tanzania for instance?

My reply got chewed I guess by robot but I think you should ask yourself that question - and figure out how kenya is climbing to 120B dollars based on coffee and tea alone. When you look at say Nairobi - and Accra - with all oil/gold - what do you see?

GeneralDae:

If SouthKoreans say they use their brains and don't depend on natural resources, the claim is verified from the amount of manufacturing companies they have and what they produce. It can also be verified from the value of their biggest exports.
We check, and your biggest production and exports are Tea/Flowers. What is the value of your manufactured goods compared to Ghana and Tanzania for instance?

Mkenya2019:
My reply got chewed I guess by robot but I think you should ask yourself that question - and figure out how kenya is climbing to 120B dollars based on coffee and tea alone. When you look at say Nairobi - and Accra - with all oil/gold - what do you see?

if you look at the living standard of Kenyans and compare it with Ghanaians .. do you see an equal comparison?

While half of Ghanaians are middle incomers, only 5 million Kenyans are middle incomers. That is a gap that makes your tea and flowers valueless in affecting Kenyan wellbeing.

When you look at Nairobi and Accra.. you see a thriving society in Accra and you see a struggling society in Nairobi

Accra long failed the eye test. It's why you got pulled into this conversation and we have come to know your economy is sick. You can cook data but cedis is showing your dust.

Since you got independence your cedis cumulative lost against the dollar is 150,000!!!!!!!!!!

Just40:
if you look at the living standard of Kenyans and compare it with Ghanaians .. do you see an equal comparison?

While half of Ghanaians are middle incomers, only 5 million Kenyans are middle incomers. That is a gap that makes your tea and flowers valueless in affecting Kenyan wellbeing.

When you look at Nairobi and Accra.. you see a thriving society in Accra and you see a struggling society in Nairobi

Just40:
if you look at the living standard of Kenyans and compare it with Ghanaians .. do you see an equal comparison?

While half of Ghanaians are middle incomers, only 5 million Kenyans are middle incomers. That is a gap that makes your tea and flowers valueless in affecting Kenyan wellbeing.

When you look at Nairobi and Accra.. you see a thriving society in Accra and you see a struggling society in Nairobi

Living standards come hand in hand with life expectancy. If you live long, you're happy and eating healthy - and of course enjoying good security(security requires huge investment). Living standard is not about how obese you're.

Thus say, ghana's life expectancy is 3yrs below Kenya's.

The current life expectancy for Kenya in 2022 is 67.21 years, a 0.39% increase from 2021. The life expectancy for Kenya in 2021 was 66.95 years, a 0.39% increase from 2020

Ghana's living standard is 64yrs.

Just40:
if you look at the living standard of Kenyans and compare it with Ghanaians .. do you see an equal comparison?

While half of Ghanaians are middle incomers, only 5 million Kenyans are middle incomers. That is a gap that makes your tea and flowers valueless in affecting Kenyan wellbeing.

When you look at Nairobi and Accra.. you see a thriving society in Accra and you see a struggling society in Nairobi

Also, Middle income in Kenya accounts for 44.9% of Kenyan population ---- that is around 23M there about.
Ghana is doing 13M .. FYI.

Mkenya2019:
Accra long failed the eye test. It's why you got pulled into this conversation and we have come to know your economy is sick. You can cook data but cedis is showing your dust.

Since you got independence your cedis cumulative lost against the dollar is 150,000!!!!!!!!!!

... I didn't know cedi once played at 150,000 against USD! So the actual cedi was redominated!
This is a true west African Zimbabwe.

rvp20182:
Japanese yen or even Veitnam dong or South Korea won are STABLE. You dont see them depreciating yearly. In fact their problem is of no inflation.

You cannot talk about cost of living when you live in Zimbwabwe when currency has depreciated since independence by 150,000 to dollar now.

Kenya since independence - it's 120 to a dollar.

You cannot convince me that people income have risen by 3 times the last three months. Or 150,000 since independence.

Ghanians are wailing. You live in Zimbwabw or Zambia

It is simply because what drives economy is ain't about currency stability, it is way more than that.

A country with a weaker currency but with strong home based manufacturing company will surely feel no inch of it since most of the consumables goods are produced locally,therefore weaker currency become a means to acquired more earnings by exporting cheaper goods. One of the good reasons you will continue to see japan,South Korea and chinese goods in your shelves. But ours is opposite,we have a weaker currency with a weaker manufacture base.

We trade away cedis due to speculative individual who have decided to be in the business idea of buying and selling them instead of holding shares and selling them. Government are now closing down on bureau d change that operates without government approval. A more robust government support plan on manufacturing industry and a good evangelism of cedis trustworthiness will curb the crisis. We also need more industry here particularly in electronic and chips technology. We are spending more dollars for this.

You cannot compare a 4 billion dollar export and a nearly negative balance economy to that of Ghana 23 billion dollar export .it is madness to do so . Having dollars here isn't the problems, Our economy is not wanting at all. Once you valued the amount of dollar cash that fly away here against what we have here. You will be recording nothing less than 4 billion annually unlike your country trading at negative . It is either you are not doing anything at all or what you are doing ain't enough.

With my 14hundered thousand dollar to a cedis , I can still support my basic needs like food and water , electricity etc. What about you ? Or the people of tukana . Our northern capital Tamali will do well comparable to Nairobi if water and electricity alone are consider.

Kenyans are more poorer than Ghanaian . That is cut belt .

Mkenya2019:
Accra long failed the eye test. It's why you got pulled into this conversation and we have come to know your economy is sick. You can cook data but cedis is showing your dust.

Since you got independence your cedis cumulative lost against the dollar is 150,000!!!!!!!!!!

Nairobi failed the quality of living standard test which is the most important... While North Korea may look flashy than South Korea because it seek to impress visitors with empty apartment for tourist, South Korea is more wealthy and it people do not face yearly starvation and they also live in better conditions.

We have come to know the Ghanaian economy to be more resilient and had withstood 3 years of turbulence and still standing strong while Kenya runned to the IMF 2 years ago and still facing the hyperinflation effects.

What nonsense going on. A lot of fallacies and gibberish is being peddled.

Shma2022:

Living standards come hand in hand with life expectancy. If you live long, you're happy and eating healthy - and of course enjoying good security(security requires huge investment). Living standard is not about how obese you're.

Thus say, ghana's life expectancy is 3yrs below Kenya's.

The current life expectancy for Kenya in 2022 is 67.21 years, a 0.39% increase from 2021. The life expectancy for Kenya in 2021 was 66.95 years, a 0.39% increase from 2020

Ghana's living standard is 64yrs.

Thrash as usual...

This fool does even know what living standard is and is confusing it with life expectancy. Which is an expectation base on assumption

This a long diatribe that can be summarize in two sentence. Nobody trust the cedis because of it's history of hyperinflation. Your economy even when you re-dominated the cedis to 1:1 with dollar remain dollarized. Arresting dealers will make situation worse.

The solution is simple - watch your macro-economics - debt, soveirgn credit rating, inflation, interest rate - you dropped the ball and now Ghanians - both local/foreign investors - are racing to protect their money by dollarizing.

Kenya has no such history - apart from a brief period of six months in 1993 - when we moved from 20 to 60 to a dollar - now we are 120 - all those 60yrs.Therefore there is a lot of trust and confidence on Kshs. Your rarely see anything in kenya quoted in dollars - in fact it somewhat illegal to do that.

When it come to comparing kenya and Ghana - simple video of Nairobi or Mombasa or kisumu or Nakur or Eldoret is enough.

You see economic growth and progress is not found in data - it manifest itself.

When you go to Germany or Japan or US - you dont need to see their data to know it's doing well.

When I see Ghana - and I have seen lots of video - I see poverty, I see hawking on streets, I see almost informality everywhere, I see huge slumpolis without even single trees, I see Nigeria. I have seen both rural and urban places. I see farming that is almost stone age.

You can also see videos from youtubers who have gone to both Ghana and Kenya.

vaxx:
It is simply because what drives economy is ain't about currency stability, it is way more than that a country with a weaker currency but with strong home based
manufacturing.
Company will surely feel no inch of it since most of the consumables goods are produced locally , therefore weaker currency become a means to acquired more earnings by exporting cheaper goods.
One of the good reasons you will continue to see japan , South Korea and chinese goods in your shelves. But ours is opposite , we have a weaker currency with a weaker manufacturing base. We trade away cedis due to speculative individual who have decided to be in the business idea of buying and selling them instead of holding shares and selling them. Government are now closing down on bureau d change that operates without government approval. A more robust government support plan on manufacturing industry and a good evangelism of cedis trustworthiness will curb the crisis. We also need more industry here particularly in electronic and chips technology. We are spending more dollars for this.

You cannot compare a 4 billion dollar export and a nearly negative balance economy to that of Ghana 23 billion dollar export .it is madness to do so . Having dollars here isn't the problems, Our economy is not wanting at all. Once you valued the amount of dollar cash that fly away here against what we have here. You will be recording nothing less than 4 billion annually unlike your country trading at negative . It is either you are not doing anything at all or what you are doing ain't enough.

With my 14hundered thousand dollar to a cedis , I can still support my basic needs like food and water , electricity etc. What about you ? Or the people of tukana . Our northern capital Tamali will do well comparable to Nairobi if water and electricity alone are consider.

Kenyans are more poorer than Ghanaian . That is cut belt .

Shma2022:


Also, Middle income in Kenya accounts for 44.9% of Kenyan population ---- that is around 23M there about.
Ghana is doing 13M .. FYI.

I and the south Africans have already showed you that the middle class in Kenya is only 5 million people by using data ... You can refer back to that conversation... No need to throw empty words around

Which part of North Korea look flashy compared to South Korea. You cannot hide wealth in data. It manifest itself.

Just40:
Nairobi failed the quality of living standard test which is the most important... While North Korea may look flashy than South Korea because it seek to impress visitors with empty apartment for tourist, South Korea is more wealthy and it people do not face yearly starvation and they also live in better conditions.

We have come to know the Ghanaian economy to be more resilient and had withstood 3 years of turbulence and still standing strong while Kenya runned to the IMF 2 years ago and still facing the hyperinflation effects.

Why dont you look like South Africa? Why does your cities look like Nigeria? Like it just recovered from a nuclear war. Brown rusted roof with informal traders in every little space.

Just40:
I and the south Africans have already showed you that the middle class in Kenya is only 5 million people by using data ... You can refer back to that conversation... No need to throw empty words around

Just40:
Thrash as usual...

This fool does even know what living standard is and is confusing it with life expectancy. Which is an expectation base on assumption

But you knew that specimen was a fool.

He confused life expectancy with living standard.
Senegal has a life expectancy of 68, does that make it better than Ghana too?

Just40:
I and the south Africans have already showed you that the middle class in Kenya is only 5 million people by using data ... You can refer back to that conversation... No need to throw empty words around

I can also give you a random figure; 1M. It doesn't mean I'm right. You need to prove it with empirical data ---- link! Or direct me to a reputable source. Don't just throw figures around.

Just40:
Thrash as usual...

This fool does even know what living standard is and is confusing it with life expectancy. Which is an expectation base on assumption

You need to have a brain to fathom my logic. Average buffoons like you and obuffoon will without doubt struggle to decipher.

Life expectancy comes "hand in hand with" ( this part spaced you already.) "....With life expectancy." Go and read the methodology of measuring living standards then come and display your ignorance.

Check aspects like social capital: security and safety, social networks, community support.... Then go down to physical capital: food consumption, land ownership, and property ownership. Move to environmental & human capital then check how it interlinks with life expectancy.

obaaderemi:
But you knew that specimen was a fool.

He confused life expectancy with living standard.
Senegal has a life expectancy of 68, does that make it better than Ghana too?

Wuss.. Why are you confused? Living standard is a multifaceted term. No one can confuse the two. But a fool can confuse such ratiocination for something else.
And yeah, of all the indices, life expectancy stands out. You don't conclude the rate of living standards with income class. So Senegal is doing fine -- the average will speak volume.

Example.
Nigeria is Africa's economic powerhouse.
Countermeasure: no, Nigeria's poverty rate is the epitome of disgrace on the continent.


BUFFOONS/ DIMWITS: so this guy can confuse Economy with poverty rate!

Parting shot.
We know everything. We just need to apply common sense and logic on certain aspects.


Zombie.

aresa:
lol..Your ipob followers are definitely not going to agree with you..


They are going to go berserk and attack you like village bingo..


They hate Nigeria so much that they think even somalia is better than Nigeria...

Yoruba people don't have sense at all, you have turn this thing to ipob matter, but let's talk facts, Nigeria is nowhere to be compared with other developing African countries.

Even Lagos the commercial capital of Nigeria is nothing but a glorified dump, and Don't come and tell me that bullshit that "why do igbos live in Lagos" because the answer to that ridiculous question is simple... Lagos is a commercial capital....igbos are business people...just like you see Chinese in Nigeria and other African countries, does that mean those countries are better that China? Hell No!! But Africa especially Nigeria is a commercial capital. Don't bother replying this comment because I won't read it or reply back.. Yoruba people don't have sense at all ...65years of poverty and your priority is the Igbo man....how dumm can this people be...no seriously it's a valid question...just how dumm

Aswear I wish Biafra was never merged with these people....suffer no dey tire them...they don't know what it means for someone's life to be destroyed, they came to this world to hate people....and white people knew that....that is why they placed them with us... because Yorubas are potential success fighters

On Kenya's inflation rate, Prices are going back to normal. I see nearly all foodstuff is back to normal. None food stuff( outside oil) are on a downward trajectory.
Fuel products are still static. But I heard the president is working on it. He's striking deals everywhere - by Jan, everything will be pretty much normal.

Consensus Forecast panelists expect inflation to average 7.3% in 2023, which is up 0.1 percentage points from last month’s forecast. For 2024, the panel sees inflation averaging 6.0%.

Our consumer price index has risen with insignificant margin Notwithstanding the global economic crisis.