Just30:

How much is a dollar on the black market?
Yesterday, a Nigerian quoted 520 naira to me
Multiply 520 by 465.93.
You will get the real effect of her salary

Naira has appreciated tey tey to. 304 naira official price, 314 bank price and 375 naira at the parallel market. And it keeps appreciating.

Where did you get 520 naira?

Multiply 375 by 465.93 =174,723.75 naira

Yes, in Nigeria you are ok but in Ghana where inflation is the order of the day. Mbanu!

forgiveness:


Same goes for Ghana currency. Exchange rate at the border is different from the exchange rate in Tema, if you go to Accra the exchange rate is also different.
This in regards to black-market.

The exchange rate of Ghana currency is different in Ghana banks.

ATM exchange rate also is different.

Which of these exchange rate did you use to arrive at 60 dollars as minimum wage in Ghana?

For now the I will use the Nigeria's official rate of 304 to arrive at 59 dollars as minimum wage.

No ojoro.


On this, Nigeria is far better.

that is not true. border rate is diffrent from city rate. border rate base their rate on currency demand not on bank rate. dollar at border may even be over valued or down value depending on the demand.

ghana exchange rate is effective througout ghana cities. nobody will change naira for you at forex bereau. you can only get naira rate in makola.

ATM will charge you for service have you forgotten. am not in ghana now but the last time i checked the bank rate is the same with tudu rate. a place in accra known for black market business. in ghana no one go against BOG. Except on foreign business like western unioun ,afri cash and so on

forgiveness:


Same goes for Ghana currency. Exchange rate at the border is different from the exchange rate in Tema, if you go to Accra the exchange rate is also different.
This in regards to black-market.

The exchange rate of Ghana currency is different in Ghana banks.

ATM exchange rate also is different.

Which of these exchange rate did you use to arrive at 60 dollars as minimum wage in Ghana?

For now the I will use the Nigeria's official rate of 304 to arrive at 59 dollars as minimum wage.

No ojoro.


On this, Nigeria is far better.

the exchange rate difference at the bank and the forex is just 5pessewas

Not as extreme as in Nigeria

At the border, people only take advantage of you

PissedYagami:

Compare all oil and non oil gdps then tell me
Kenya, Tanzania, Ghana, Ethiopia, etc
Nigeria, Angola, Sudan, Equitorial Guinea(has a gdp per capita of $20,000++ and 60% of its citizens are very poor)
Oil makes a country richer but not the people

What percentage does the oil sector contribute to GDP in those nations then compare to Nigeria. Nigeria is 6th in the world in terms of farm output and 1st in Africa, this is why we still had a large economy without oil. Today even with the neglect of Agriculture, it still contributes the highest to GDP( 23 percent). And no, oil is not responsible for this in anyway. Oil may contribute more to Angolan GDP ( 60%) driving most sectors there and even more in South Sudan but definitely not Nigeria.

forgiveness:


Naira has appreciated tey tey to. 304 naira official price, 314 bank price and 375 naira at the parallel market. And it keeps appreciating.

Where did you get 520 naira?

Multiply 375 by 465.93 =174,723.75 naira

Yes, in Nigeria you are ok but in Ghana where inflation is the order of the day. Mbanu!

in Ghana,
If you earn 2000 cedis you can live an above average life. Even though you won't qualify for a mortgage.
Yet she can afford every single thing she want
Without falling into poverty for the rest of her live cos she's got sense

PissedYagami:

non oil vs an oil economy. See the difference ?

So, what is gold and the other mineral resources contributing to Ghana's economy?

9jakool:

What parts?

Yoruba have many speakers nah... Apart from me, every1 0f my people in Lagos speak Yoruba like kilode even d ones Wey no sabi pidgin or English or both.








Shey d nization! Nization! And expansion! Expansion! Wey I dey hear since Na dsame abi Na different tori?Na d way Wey pangolo dey expand, if naso e mean say Dem dey force people to change cos pangolo nogo expand until u gv am fire like uzzyfire.

vaxx:
actually you did not get the fact. before the old currency was redonominated to smaller volume. it was not intended to fight inflation . the exercise was meant to reduce the volume of large paper money. In 2007 when the new cedi drop. A 100 dollar is equal to 92 ghc which is the same as 920.000 old cedis

cedis is stable for the past 24months therfore it is strong at least compare to naira or shillings even cfa curreny. there is infation in the country as a result of goverment expenditure but infation has help to increase more productivity. Companies are increasing their production and business are enlarging their cost to cover the gap.making ghana suitable for business.

the current govt administration is very clever toward the stability of cedi. you can check cedi performance record from january

That guy said it as it is. Inflation was the problem, imagine buying sachet pure water with big paper notes.

Paying for Coca cola in thousands of Cedis notes.

freshest4live:

What percentage does the oil sector contribute to GDP in those nations then compare to Nigeria. Nigeria is 6th in the world in terms of farm output and 1st in Africa, this is why we still had a large economy without oil. Today even with the neglect of Agriculture, it still contributes the highest to GDP( 23 percent). And no, oil is not responsible for this in anyway. Oil may contribute more to Angolan GDP ( 60%) and even more in South Sudan but definitely not Nigeria.

No oil in anyway? Cheaper diesel and stuff, no import of oil things means money is used somewhere else etc. You should know these things

Just30:
I don't even know how much a Coke cost because I don't even check when ever I pay for it.

And the last time I bought a Coke was two days ago.
Every Tuesday, my pizza shop runs a buy one get one free promo.

Every Tuesday is Pizza Tuesday on my calendar

D tin use style make sense, but how much is d pizza( in N or $) and ordinary coke?

PissedYagami:

No oil in anyway? Cheaper diesel and stuff, no import of oil things means money is used somewhere else etc. You should know these things

I just told you that we still import, we even go on strike several times because of this problem.

Isahalbash:










D tin use style make sense, but how much is d pizza( in N or $) and ordinary coke?

it's affordable enough for my average 18 year old sis to afford it from her pocket

vaxx:
that is not true. border rate is diffrent from city rate. border rate base their rate on currency demand not on bank rate. dollar at border may even be over valued or down value depending on the demand.

ghana exchange rate is effective througout ghana cities. nobody will change naira for you at forex bereau. you can only get naira rate in makola.

ATM will charge you for service have you forgotten. am not in ghana now but the last time i checked the bank rate is the same with tudu rate. a place in accra known for black market business. in ghana no one go against BOG. Except on foreign business like western unioun ,afri cash and so on

You can't deceive me because I have been to Ghana more than 50 times and I have exchanged naira to Cedis at the two sides Aflao border(different rates), at Community 1 Tema, Mokola, ATM etc.

I know they all have different exchange rates. So, stop telling me Nigeria exchange rate is blah blah blah because I sabi wella.

forgiveness:


So, what is gold and the other mineral resources contributing to Ghana's economy?

gold ,oil,and all other natural resources combine contribute less than 20% to the economy of Ghana

vaxx:
just to showcase the job of the dead while he or,she was alive if she is a pepper seller she will be buried in a pepper casket shape likewise if he is a farmer he will be buried by what he farm most .mostly cocoa

Muslim don't bury Dere deceased with casket or in Ghana is different?



What of if d deceased was a prostitute or yahoo yahoo boy, what will they bury him/ her with?

Isahalbash:










D tin use style make sense, but how much is d pizza( in N or $) and ordinary coke?

No mind d guy. He think say na mumu em dey follow talk.

If he tells you the prize you go know say their minimum wage na..

Just30:
it's affordable enough for my average 18 year old sis to afford it from her pocket

Baba werey I knw they can afford it. Just wanna knw d equivalent in Naira

Just30:
the exchange rate difference at the bank and the forex is just 5pessewas

Not as extreme as in Nigeria

At the border, people only take advantage of you

Na lie. It is more than at the parallel market even inside Ghana.

freshest4live:

I just told you that we still import, we even go on strike several times because of this problem.

Now thats weird. You still import?

forgiveness:


You can't deceive me because I have been to Ghana more than 50 times and I have exchanged naira to Cedis at the two sides Aflao border(different rates), at Community 1 Tema, Mokola, ATM etc.

I know they all have different exchange rates. So, stop telling me Nigeria exchange rate is blah blah blah because I sabi wella.

sorry guy
No bank or forex exchange Naira for anyone.

Your government blocked the use of Nigerian ATM cards outside of Nigeria since last year.
I know this because I have this Nigerian friend who hasn't been able to use his till now . He returned to Nigeria ,last week.

You will never get a stable rate for the naira when your currency is not even stable .

Advice for you, exchange your naira to dollar in Nigeria before coming to Ghana because everyone who desire to exchange the naira for you will add something to it for insurance

forgiveness:


Na lie. It is more than at the parallel market even inside Ghana.

I exchanged 245 dollars three days ago at the forex and it was the same as the bank rate

Why don't you stop telling lies and face the fact that
It's a mess in Nigeria

Just30:
I just remember that our last born who just graduated from secondary school works with a 4G Telecom company,
He Earns 800 Cedis as his basic salary and 1200 Cedis in commission every month.

She's just an 18 year old kid and already earning and Lil bit more than her High school teachers

Fresh4life abeg cum help me change dat money to Naira

vaxx:
that is great. she is a big girl in nigeria

But she is Ghana and d price of tins are different.

Just30:
in Ghana,
If you earn 2000 cedis you can live an above average life. Even though you won't qualify for a mortgage.
Yet she can afford every single thing she want
Without falling into poverty for the rest of her live cos she's got sense

Of course, I know with 2000 Cedis you can live an above life in Ghana.

In Nigeria, 200,000 naira is very good depending on the city.

Just30:
I exchanged 245 dollars three days ago at the forex and it was the same as the bank rate

Why don't you stop telling lies and face the fact that
It's a mess in Nigeria

Do you mean black market?

Isahalbash:






Baba werey I knw they can afford it. Just wanna knw d equivalent in Naira

free to check http://demo.eddyspizza.com/our-menu/

Just30:
stop using ppp and using the nominal figures

But vaxx used it too

forgiveness:


Do you mean black market?

I mean from a forex bureau

Just30:
I exchanged 245 dollars three days ago at the forex and it was the same as the bank rate

Why don't you stop telling lies and face the fact that
It's a mess in Nigeria

You will be deceiving yourself if you think Ghana is better than Nigeria.

forgiveness:


You will be deceiving yourself if you think Ghana is better than Nigeria.

of course I've experienced that and I think Ghana is better than Nigeria

The average Nigerian can not afford to stay in Ghana but an average Ghanaian can afford any lifestyle in Nigeria.

I keep saying the Average Nigerian when I know that almost 40% of Nigerians live below the poverty line of 3.30-4 dollars

forgiveness:


Do you mean black market?

there's nothing like black market in Ghana except when it comes to the naira because that is the only place it can be exchanged

PissedYagami:

Dont think so mate, Kenya receives waaaaaaaaaaaaaaaaay more tourists than Ghana. But I am suprised Zim gets more tourists than un

kenya tourism is far developed than ghana tourism likewise gambia and senegal. No doubt but ghana political stabilty make her enjoy more revenue compare to thse countries. Ghana minister of tourism wish ghana tourism sector could model kenya.