Mkenya2019:
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.

cedis was not depreciating as you might blindly suggest, it is the dollar that was used all over the world that was fast appreciating, it is not compliance of the cedis used set by bank of Ghana among banks in Ghana , the bureau the changes and all other financial institution couples with hoarding dollars in foreign exchange account. Kenya has country is facing large debt stock just as many country having their currency depreciated, therefore your shilling is likely overvalued . Same thing some country did. You are only prolonging your problem. Imf had already told you, your currency is overvalued by something of more than 20 percent and they are all reasons to belive it is more than that. With the cedis , they're many indication suggesting cedis is not at is real value and it is under value (I will provide an evidence ) it is too much unnecessary demanding for the dollars keeping the cedis down.

Dubai looks more beautiful in photos post than london , but nah , infrastructure wise , london is still way miles ahead . You check fact and data and not photos .

Nothing shows nairobi is better position than Accra , unless in your head . Let's used the indicator of life like electricity, water access and good road as yardstick .

rvp2018:
The best way to know which country manufacture (truly) - leave what your lying NBS stats body does - is to check 1) taxation and 2) very easily who import finished manufactured goods. That is best way to counter-check. Large manufacturing meaning VAT and such kind of taxes would baloon. This why countries try to become manufacturing giant - because it easy to tax goods, employees etc,

Granted - let us look at who import and export FINISHED Manufactured goods. This you cannot just lie in - because another country has to confirm.

It would be similar to we export 600M dollars worth of aircraft and ships to Namibia

Import is not the problem. Even South Africa and Egypt imports more than Nigeria.
These three countries import the most but produce the most as well.
No African country is a giant yet in terms of manufacture of finished goods (South Africa
doing the most here) and Kenya is definitely not close.

I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70.

When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate/devalue to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating. Our biggest problem really was within East Africa - KSHS was become too strong and our exports were going down.

Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder.

Kenya is doing great. Ghana is in a midst of big crisis. Dont project.

vaxx:
cedis was not depreciating as you might blindly suggest, it is the dollar that was used all over the world that was fast appreciating, it is not compliance of the cedis used set by bank of Ghana among banks in Ghana , the bureau the changes and all other financial institution couples with hoarding dollars in foreign exchange account. Kenya has country is facing large debt stock just as many country having their currency depreciated, therefore your shilling is likely overvalued . Same thing some country did. You are only prolonging your problem. Imf had already told you, your currency is overvalued by something of more than 20 percent and they are all reasons to belive it is more than that. With the cedis , they're many indication suggesting cedis is not at is real value and it is under value (I will provide an evidence ) it is too much unnecessary demanding for the dollars keeping the cedis down.

Dubai looks more beautiful in photos post than london , but nah , infrastructure wise , london is still way miles ahead . You check fact and data and not photos .

Nothing shows nairobi is better position than Accra , unless in your head . Let's used the indicator of life like electricity, water access and good road as yardstick .

rvp2018:
I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70.

When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating.

Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder.

Kenya is doing great. Ghana is in a midst of big crisis. Dont project.

cedi goods has to be competitive in west Africa hence we can't keep having a highly valuable currency in the mist who can't afford ours, even in the mist of all the production advantages we have. Which means allowing the cedi to fall so we can get favorable market condition...
Reason for cedi fall is because BOG intentionally took out lots of forex from the market as an intentional policy decision.

Today Ghana export is 22 billion, that is going to hit 30 billion dollars by 2025....

Kenya is in the neck of a debt/financial crisis

Dont parrot things you dont know.
You export nothing to the region - apart from electricity to Burkina faso.
You top 10 export countries none is in West Africa.
Kenya is different and almost unique because we trade 50% within Africa.
Our biggest export destinations are our neighbeours - TZ/Uganda/etc
It's in our interest to have weaker Kshs than them.
But Ghana - weaken cedis with your large import - and zero export to the region - large debt in dollars.
You're committing economic suicide as we speak.

Your export mere 160K dollars worth of good to Nigeria and Togo - as we go further to top 20 countries.

In short you're far from engaging in regional trade - as you LACK INDUSTRIAL CAPACITY

Youre still export aluminimum, gold, oil and cocoa beans outside Africa.

Just40:
cedi goods has to be competitive in west Africa hence we can't keep having a highly valuable currency in the mist who can't afford ours, even in the mist of all the production advantages we have.

Today Ghana export is 22 billion, that is going to hit 30 billion dollars by 2025....

Kenya is in the neck of a debt/financial crisis

Just40:
cedi goods has to be competitive in west Africa hence we can't keep having a highly valuable currency in the mist who can't afford ours, even in the mist of all the production advantages we have. Which means allowing the cedi to fall so we can get favorable market condition...
Reason for cedi fall is because BOG intentionally took out lots of forex from the market as an intentional policy decision.

Today Ghana export is 22 billion, that is going to hit 30 billion dollars by 2025....

Kenya is in the neck of a debt/financial crisis

You have been asked not to deflect your financial crisis on others. We must enlighten you further...

rvp2018:
I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70.

When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating.

Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder.

Kenya is doing great. Ghana is in a midst of big crisis. Dont project.

just shut up , imf and every other notable financial institution are saying you over value your shillings by 20 percent and I have further belive if well scrutinized, it is way more than that. Just like I said you only prolonged your suffering while Ghana is already dealing with her own. Your balloon debt stock profile , expenditure mismanagement like the unnecessary trainline network that wasn't giving enough return to pay back itself are all front pointer indicating you are not doing well , and all every macro economy indications indicate that . China has added another 11 million dollar into your debt profile for refusing to pay on time . This are all bad indicators .



From the horse mouth ... Jp morgan ( an independent american watch


""We now estimate the cedi to be over 15% undervalued. That said, even if a BoG [Bank of Ghana] course reversal on the FX purchase policy leads to a temporary reprieve, we expect USD/GHC to continue to trend weaken towards 15.5 by mid-2023. We remain on the sidelines due to the distortion of the FX market,” the analysis further said.

rvp2018:
Dont parrot things you dont know.
You export nothing to the region - apart from electricity to Burkina faso.
You top 10 export countries none is in West Africa.
Kenya is different and almost unique because we trade 50% within Africa.
Our biggest export destinations are our neighbeours - TZ/Uganda/etc
It's in our interest to have weaker Kshs than them.
But Ghana - weaken cedis with your large import - and zero export to the region?

You just keep posting thrash... Ghana is the 80th or so export country in the world... Where is Kenya...?

East African countries are not export oriented...

Explain how 11 billion dollars import is larger than 22 billion export.
Are you drunk? Ghana 2 billion export to it neighbors is almost half of Kenya goods export.

Exporting gold has zero multiplier. You can export 10B dollars worth of gold - only Anglo Ashanti & your naive corrupt gov will feel some impact.
Exporting 500M worth of apparel like we do to US...huge multiplier.
We have to engage 100,000 people to stich those apparels and export to US.
That is difference
Exporting horticultural goods - huge multiplier - these are so called industries without smoke because of the value chain.
Our 7 Billion of export has a MULTIPLIER close to 10.
That turns 7 Billion to 70B.
Your exporting raw extracted mineral...multiplier is almost 1-2 - zero impact.
Apart from Cocoa beans - which you need to improve on.

Economy end of the day is velocity of money - how you make the same money touch many people hands.

Gold mine straight to Anglo Ashanti or Oil well straight to SHELL - very little impact. That is why Nigeria and Africa is very poor. The extractive sector has little multiplier...Asians take your minerals - have many people touching it - getting employed by it - creating VALUE out of it.

Just40:
You just keep posting thrash... Ghana is the 80th or so export country in the world... Where is Kenya...?

East African countries are not export oriented...

Explain how 11 billion dollars import is larger than 22 billion export.
Are you drunk? Ghana 2 billion export to it neighbors is almost half of Kenya good export.

KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100.
CEDIS has depricated now to 157% - and there is no end in sight.
IMF deal unlikely until march earliest.
By then your economy will be dead like Sri Lanka.
What will stop the panic now? Who will restore confidence in CEDIS?
Now that IMF will take time.

vaxx:
just shut up , imf and every other notable financial institution are saying you over value your shillings by 20 percent and I have further belive if well scrutinized, it is way more than that. Just like I said you only prolonged your suffering while Ghana is already dealing with her own. Your balloon debt stock profile , expenditure mismanagement like the unnecessary trainline network that wasn't giving enough return to pay back itself are all front pointer indicating you are not doing well , and all every macro economy indications indicate that . China has added another 11 million dollar into your debt profile for refusing to pay on time . This are all bad indicators .



From the horse mouth ... Jp morgan ( an independent american watch


""We now estimate the cedi to be over 15% undervalued. That said, even if a BoG [Bank of Ghana] course reversal on the FX purchase policy leads to a temporary reprieve, we expect USD/GHC to continue to trend weaken towards 15.5 by mid-2023. We remain on the sidelines due to the distortion of the FX market,” the analysis further said.

rvp2018:
Exporting gold has zero multiplier. You can export 10B dollars worth of gold - only Anglo Ashanti & your naive gov will feel some impact.
Exporting 500M worth of apparel like we do to US...huge multiplier.
We have to engage 100,000 people to stich those apparels and export to US.
That is difference
Exporting horticultural goods - huge multiplier - these are so called industries without smoke because of the value chain.
Our 7 Billion of export has a MULTIPLIER close to 10.
That turns 7 Billion to 70B.
Your exporting raw extracted mineral...multiplier is almost 1-2 - zero impact.
Apart from Cocoa beans - which you need to improve on.

keep making up shit in your head...

Your economy has no positive effect on Kenyans, hence the increasing unemployment in Kenya and a lesser share of the middle class....
If your economy had a trickle down effect, like Ghana has, Kenya middle class will not be a mere 13% of population but around 50% like GHANA.

rvp2018:
KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100.
CEDIS has depricated now to 157% - and there is no end in sight.
IMF deal unlikely until march earliest.
By then your economy will be dead like Sri Lanka.
What will stop the panic now? Who will restore confidence in CEDIS?
Now that IMF will take time.

Compare to the kshs... The cedi has more confidence

Evidence is in the capital flight from or to both countries...

No one has confidence in your kshs hence the 6.5 billion dollars capital flight from kenya

Also, Ghana is in no rush for an IMF program.... In fact we are the one not ready to send an intent letter to engage the fund.


Next joke

Export are important but more important is what you're exporting.
Veitnam export bikes of 12B dollars - it more valuable than your gold.
Understand the economic multiplier - and why countries focus on industries - tradiitonal manufacturing and now industries without smokes

Just40:
keep making up shit in your head...

Your economy has no positive effect on Kenyans, hence the increasing unemployment in Kenya and a lesser share of the middle class....
If your economy had a trickle down effect, like Ghana has, Kenya middle class will not be a mere 13% of population but around 50% like GHANA.

Youre the joke. The cedis will continue to depreciate until your joker of gov face the reality.

Just40:
Compare to the kshs... The cedi has more confidence

Evidence is in the capital flight from or to both countries...

No one has confidence in your kshs hence the 6.5 billion dollars capital flight from kenya

Next joke

Just40:
Compare to the kshs... The cedi has more confidence

Evidence is in the capital flight from or to both countries...

No one has confidence in your kshs hence the 6.5 billion dollars capital flight from kenya

Next joke

You are a joke! Your currency is the worst performing in the world madman.

Just40:
keep making up shit in your head...

Your economy has no positive effect on Kenyans, hence the increasing unemployment in Kenya and a lesser share of the middle class....
If your economy had a trickle down effect, like Ghana has, Kenya middle class will not be a mere 13% of population but around 50% like GHANA.

Don't project your economic woes. It's embarrassing.

Ghana rank 1st in food prices in Africa

Read here:

https://www.google.com/amp/s/www.bbc.com/pidgin/articles/cjjvl9x253qo.amp

And tomorrow it will get worse. Earliest we can see a change in March next year. That mean they are likely to overtake Zimbwabwe - a feet no one has managed to have achieve so far.

gallivant:


Don't project your economic woes. It's embarrassing.

Ghana rank 1st in food prices in Africa

Read here:

https://www.google.com/amp/s/www.bbc.com/pidgin/articles/cjjvl9x253qo.amp

rvp2018:
Export are important but more important is what you're exporting.
Veitnam export bikes of 12B dollars - it more valuable than your gold.
Understand the economic multiplier - and why countries focus on industries - tradiitonal manufacturing and now industries without smokes

yes because 12 billion is greater than our 7 billion fold export.

I just explained what trickle down economy is to you ... It is reflective of why unemployment is higher in Kenya than in Ghana. It is also reflective of why the middle class in Ghana is larger than in Kenya and it is also reflective of why poverty is higher in Kenya than in Ghana.

When you have a trickle down economics growth, all those above listed are affected positively

Of 7B - how much does it trickle down - and how much do Ashanti Gold keep in South Africa and New York.
Trickle down is failed economics. It doesnt work. Your gov get royalties and have to distribute it back effeciently
What works is those 12B bikes - are made by army of Veitnames workers - transports - logistis - even the hotels cooking for workers.

Just40:
yes because 12 billion is greater than our 7 billion fold export.

I just explained what trickle down economy is to you ... It is reflective of why unemployment is higher in Kenya than in Ghana. It is also reflective of why the middle class in Ghana is larger than in Kenya and it is also reflective of why poverty is higher in Kenya than in Ghana.

When you have a trickle down economics growth, all those above listed are affected positively

rvp2018:
Youre the joke. The cedis will continue to depreciate until your joker of gov face the reality.

Which will be good for our economy and export value

Next joker

I expect most of export to soon dry up as cost of doing business become impossible. Ask Sri Lanka or Lebanon.

In Lebanon the presidency is now vacant - nobody want it - you can go there and grow their economy and export value

By march next year - the Ghana current gov would have been run out of town - and military maybe running string to avoid riots and laweslness

Just40:
Which will be good for our economy and export value
Next joker

obaaderemi:
Check the GDP per capita, it's higher than Kenya. That's how poverty is measured, illiterate.

GDP per Capita is not money in the Pocket. Idiot.

GeneralDae:

Nigerian poverty rate is said to be 40%. Kenyan poverty rate is around 35%.

40% of 220M is how many? What about 35% of 52M?

rvp2018:
KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100.
CEDIS has depricated now to 157% - and there is no end in sight.
IMF deal unlikely until march earliest.
By then your economy will be dead like Sri Lanka.
What will stop the panic now? Who will restore confidence in CEDIS?
Now that IMF will take time.

I just slapped you with evidence that cedis is undervalued. Good you are not arguing with fact as S and P credit agency also indicates. Now let's talk about kenya shilling. moody further claim and attest to Imf in 2022 Your cbk knows even with just a dollar deprecation , your debt stock profile increases, your currency is managed to put the debt stock at minimum cus you already exceeded your borrowing chances. It is another corruption in your financial system . You already have a debt profile like Nigeria + A country five times bigger than you ) what madness.

We already have Imf and our gold by our sides., This is not a republic of tea and flower

Just40:


Let me just laugh

Everything in your country is expensive than in Ghana... So I'm wondering how poor Kenya is surviving that level of inflation

You are just a clown. We will fix that..

gallivant:


Don't project your economic woes. It's embarrassing.

Ghana rank 1st in food prices in Africa

Read here:

https://www.google.com/amp/s/www.bbc.com/pidgin/articles/cjjvl9x253qo.amp

Yes when it is measured against the dollar price at which he was currently sold against previous year not actual price against the dollar . It way below that of kenya .

vaxx:
Yes when it is measured against the dollar price at which he was currently sold against previous year not actual price against the dollar . It way below that of kenya .

The World Bank must be lying then..

rvp2018:
Of 7B - how much does it trickle down - and how much do Ashanti Gold keep in South Africa and New York.
Trickle down is failed economics. It doesnt work. Your gov get royalties and have to distribute it back effeciently
What works is those 12B bikes - are made by army of Veitnames workers - transports - logistis - even the hotels cooking for workers.

95% of all mineral export receipt are retained in Ghana... Infact all mining firms at the moment have been pumping more money into development than they are currently making.

If trickle down wasn't working like Australia, Brazil and Mexicao will still be poor today but because it work, so many of their citizens have been lifted out of poverty..

There are 40,000mine workers in Ghana and their activities support the livelihood of 4.5 million Ghanaians.... There are less than 10,000 bicycle factory workers.

Trickle down economics has failed in Kenya because Kenya has focused of fake data reporting and fraud rather than sound economics... There's no reason why you should grown at more than 5% for 10 years without an explosion in the size of your middle class or a significant reduction in poverty.

gallivant:


The World Bank must be lying then..

it is you that fails to understand . Prices are compared based on yearly figure . As at now , Ghana price has gone up with the previous year more than his counterpart . But when you placed the valued on the same figure with that of kenya as at now, food is cheaper in Ghana .

vaxx:
it is you that fails to understand . Prices are compared based on yearly figure . As at now , Ghana price has gone up with the previous year more than his counterpart . But when you placed the valued on the same figure with that of kenya as at now, food is cheaper in Ghana.

Can you prove it? With sources please.

rvp2018:
I expect most of export to soon dry up as cost of doing business become impossible. Ask Sri Lanka or Lebanon.

In Lebanon the presidency is now vacant - nobody want it - you can go there and grow their economy and export value

By march next year - the Ghana current gov would have been run out of town - and military maybe running string to avoid riots and laweslness

Fortunately... Our export is increasing at a greater percentage as we keep attracting large amount of FDI..

Most of the new factories established recently have already started exporting ... In 3 years, our export will be hitting 30 billion dollars and our import is expected to from by 2 billion.


Nice dreams
Your dreams are just like the realities facing Ruto.. he is now reneging on all his pledge to your hustler economy
No more free lunch like he promised.
He is already giving the port to China

I pray kenya come out of the debt crisis which we all know will take 10 years sooner because the rate at which it has driven Kenya into deep stagnation with no govt spending is insane and a disaster because the Kenyan govt is the largest spender in the Kenyan economy.

vaxx:
it is you that fails to understand . Prices are compared based on yearly figure . As at now , Ghana price has gone up with the previous year more than his counterpart . But when you placed the valued on the same figure with that of kenya as at now, food is cheaper in Ghana .

In Africa right now, food and basics is most expensive and out of reach in Ghana. All the information is here.