[color=#770077][/color] Who can explain why things is cheaper in Nigeria than Ghana ? I have been thinking about this without any answer.

Is their economy bad as ours?

I think so.

Phone is cheaper in Nigeria just because naira don't have any value outside the Nigeria border.
Thus making the naira equivalent higher..
Imaging 1000 exchanging for 10cedis

The power of Nigerian population.
The lagger you buy, the more price cut you receive.

oluwapoju:
Phone is cheaper in Nigeria just because naira don't have any value outside the Nigeria border.
Thus making the naira equivalent higher..
Imaging 1000 exchanging for 10cedis

you really have no clue how currency and economy works do you?

Naira 10 times more powerful than credits, thanks to our strong economy.

Dollars is the most powerful currency in the world thanks to American economy.
But if you compare dollar to pounds. Or uae currency, you will think pound is more powerful than dollars.

It's all about what your currency can do and the demand for it.

Sandydayziz:
Is their economy bad as ours?

it's because Nigeria has bigger economy and bigger market.

FunkyMetahuman:
you really have no clue how currency and economy works do you?

Naira 10 times more powerful than credits, thanks to our strong economy.

Dollars is the most powerful currency in the world thanks to American economy.
But if you compare dollar to pounds. Or uae currency, you will think pound is more powerful than dollars.

It's all about what your currency can do and the demand for it.

You dont get.... 1000 naira was exchanged for 15 to 20cedis b4 ... Buh now it is exchange for 10cedis...
Go to Ghana With 50,000 u cant survive for A month

If u r working in ghana.. phone is cheap... Buh if u want change naija money to go buy fone for gh... OYO is ur case

Sandydayziz:
Is their economy bad as ours?

. Yes please. With 10,000 naira in a nigerian market you can still get something as foodstuffs in Nigeria while in Ghana with their 200 ghc cedis ( now 85ghc) which is equivalent to our 10,000 naira you can't buy anything there. But the issue of phone is worst !!! That's why am asking why is it like that.

oluwapoju:
If u r working in ghana.. phone is cheap... Buh if u want change naija money to go buy fone for gh... OYO is ur case

.
To have a salary job in Ghana that will pay you much then you have to speak in tongue for 6 months non stop.

oluwapoju:
You dont get.... 1000 naira was exchanged for 15 to 20cedis b4 ... Buh now it is exchange for 10cedis...
Go to Ghana With 50,000 u cant survive for A month

One Month ? LOL. even for 2 weeks. Unless you take tro-tro( like lagos yellow buses ) and cooking in the house. Anything short of this, you are stranded. no help in Ghana when you are stranded everyone cry their own cries. But the issue is, why is phone especially like that. To buy phone problem , to repair war , to swap cold war.

[quote author=FunkyMetahuman post=51520736]it's because Nigeria has bigger economy and bigger market. [/quote

Bigger economy and bigger market ? These two factors are responsible you mean ? can you elaborate pls.

And why are you nigerians so obsessed with Ghana? Ghana this, Ghana that! Can't you people fvcking mind your business? I don't get it. Is it to score cheap points that your recession -plagued country is better than Ghana or what? You guys are pathetic, to be honest! Norway is regarded as one of the richest country in world, yet it is one of the most expensive. What has purchasing power got to do with anything? You can't survive on 50,000 a month in Ghana, so what? Arrant crap!

oluwapoju:
Phone is cheaper in Nigeria just because naira don't have any value outside the Nigeria border.
Thus making the naira equivalent higher..
Imaging 1000 exchanging for 10cedis

I don't agree with you ...Why you say that

[quote author=Papyrus411 post=51525508][/quote]why is phone cheaper in USA than Nigeria?

Economy is buoyant and the purchasing power is there so producers flood such countries with products which eventually drives competitions...

Now compare price of commodities In better economy to not so good economy..

oluwapoju:
You dont get.... 1000 naira was exchanged for 15 to 20cedis b4 ... Buh now it is exchange for 10cedis...
Go to Ghana With 50,000 u cant survive for A month

it means Inflaton is higher, Not that currency is better.

CrudeGH:
And why are you nigerians so obsessed with Ghana? Ghana this, Ghana that! Can't you people fvcking mind your business? I don't get it. Is it to score cheap points that your recession -plagued country is better than Ghana or what? You guys are pathetic, to be honest! Norway is regarded as one of the richest country in world, yet it is one of the most expensive. What has purchasing power got to do with anything? You can't survive on 50,000 a month in Ghana, so what? Arrant crap!

Comparing phone prices is now an issue to you ? Because you are a ghanian I should no longer Post on NAIRALAND? Nigeria is never obsessed with Ghanians. It has always been the opposite. Apart from your stable electricity there is nothing to behold with any bewildered amusement about Ghana Charlie.

FunkyMetahuman:
it means Inflaton is higher, Not that currency is better.

Good one bro. How best can we explain the economic inflation as regards how it affect phone prices. please expand.

FunkyMetahuman:
why is phone cheaper in USA than Nigeria?

Economy is buoyant and the purchasing power is there so producers flood such countries with products which eventually drives competitions...

Now compare price of commodities In better economy to not so good economy..

So in other words , Ghana economy is not as good as Nigeria economy. Yes I got the drift. Thanks.

Papyrus411:


So in other words , Ghana economy is not as good as Nigeria economy. Yes I got the drift. Thanks.

Lagos economy is thrice the size of that of Ghana let alone Nigeria.

[quote author=FunkyMetahuman post=51520718]you really have no clue how currency and economy works do you?

Naira 10 times more powerful than credits, thanks to our strong economy.

Dollars is the most powerful currency in the world thanks to American economy.
But if you compare dollar to pounds. Or uae currency, you will think pound is more powerful than dollars.

It's all about what your currency can do and the demand for it. [/quote

Understood. I am currently making other comparisons as well..

FunkyMetahuman:
Lagos economy is thrice the size of that of Ghana let alone Nigeria.

So more powerful ports in Ghana as well. And other stuffs. Ghana is under 30 million unofficially but how do you explain 85 ghc to be 10,000 naira whereas what 5000 naira could do in Nigeria even 150 ghc cedis would not do it in Ghana. Phone pricing is only One of them. Even normal or common ear piece in Ghana can be sold for 8-10 ghc. old conversion rate between 400-500 new conversion is between 800-1000 naira. The type of earpiece you can get for 150 at compt village

FunkyMetahuman:
why is phone cheaper in USA than Nigeria?

Economy is buoyant and the purchasing power is there so producers flood such countries with products which eventually drives competitions...

Now compare price of commodities In better economy to not so good economy..

Hmm

FunkyMetahuman:
it means Inflaton is higher, Not that currency is better.

The inflation rate they quote is reasonably low. or is 9.2 high. I don't know anything about economics. please forgive me.

hisgrace090:
The power of Nigerian population.
The lagger you buy, the more price cut you receive.

this is a lie... the more u buy, the more they increase the price for their selfish interests....

Beejay1117:


this is a lie... the more u buy, the more they increase the price for their selfish interests....

Normal techno Phone is war film in Ghana o. Screen protector Nd other accessories. only blackberry phones is cheaper. Because out of every 50 blackberry users you see in Ghana, 47 are nigerians. The used ones is therefore cheaper.

Papyrus411:



The inflation rate they quote is reasonably low. or is 9.2 high. I don't know anything about economics. please forgive me.

we are all learning too. Nobody knows it all.


Anyway, it's like this,

Before, Ghana's currency was like 10000 cedis to a naira, which is what their economy actually reflects.
So, Ghanaian government redenominated the currency, (redonmination simply means they removed certain amount of zeros from their currency to have less zeros.. Like 10000 cedis will be equivalent to 1cedi.)

E.g
If a bread used to cost 10000 cedis, after redonmination, the bread will cos 1 cedi. But in actual economic reality, the bread is still 10000cedis.
Redenomination is usually done to checkmate inflation at a certain period and it has its own perks too.

E.g like someone said, you cant survive on 50k in Ghana for like a month, question is, how easy is it to make 50k in Ghana compared to Nigeria? That's where the economic reality sets in.


Get it now?

Ghana sucks

Papyrus411:


Normal techno Phone is war film in Ghana o. Screen protector Nd other accessories. only blackberry phones is cheaper. Because out of every 50 blackberry users you see in Ghana, 47 are nigerians. The used ones is therefore cheaper.

who even use blackberry in this age?

Papyrus411:
[color=#770077][/color] Who can explain why things is cheaper in Nigeria than Ghana ? I have been thinking about this without any answer.

cost of living is higher in Ghana because the standard of living is higher.

Just30:
cost of living is higher in Ghana because the standard of living is higher.

o remember when Facebook go deduct 7k for Facebook ads out of my TF back to Nigeria... I no fit cry at all... B4 leaving Ghana around july Beans, Rice, Garri nah 1000 nigeria equivalent for one kongo