68816419:

like what projects if i may ask and how long would that be?

Like Ghana Gas
Ghana oil transport pipeline
harbour construction
Power projects
transmission lines
water pipeline and water works
desalination plants
roads

all of them can finance the portion of loans used on them


they can repay their loans withing 6 to 10 years on their own balance sheet

Just30:
if fact stating is cursing then you were wrongly educated

sorry, It wasn't you I was trying to quote. it was rvp2018.

BlcoChina2018:
Look at this one you, a nigerian accusing a Ghanaian of cursing? Isn’t that a nigerian thing? All you mudder fuggerz do is curse and talk trash! I guess the hardship in responsible,huh? Fuckeduppedness

And you're ?? get out of my mention.

Why would your central banker do this. Are the banks pulling the strings from behind?

Just30:
this is what could have happened but was cancel
An entire retail payment system


BOG through this tender seeks a vendor to supply, implement, own and operate an integrated and interoperable Mobile Payment Systems Infrastructure (MPSI), as a turn-key solution project
–
that is, all components must be supplied and/or integrated by the vendor to create a fully tested, working system meeting the requirements of this RFP. The successful tenderer will be awarded a contract by BOG to supply, and implement MPSI, including hardware, systems software, and appl
ication software at the tenderer’s
own expense, and own and operate the delivered system. BOG will use the system as a monitoring tool for payment system oversight. The successful tenderer will provide the technical training needed for staff of participating institutions, namely; BOG, banks and mobile money operators (MMOs) to be able to use and support the MPSI.

Just30:

You havent travelled before
i can list cities that are smarter right here in Africa

get me the list

Sharaaaap, ediot! Consider it an honour that I am in your mention,huh? You are a bloody.......... fvck ya!

stanliwise:
And you're ?? get out of my mention.

rvp2018:
Why would your central banker do this. Are the banks pulling the strings from behind?

naa
the banks cant pull strings in Ghana
they will be cut down to size.

the government stopped the central bank from creating a retail payment system befitting of Ghana.
Claiming the value of the contract was too high for the kind of contract and it broke the laws of Ghana
when it comes to the value of contract that can be sole sourced.

some procurement nonsense
Now they have implemented a system that does not fully cover the entire payment ecosystem

BlcoChina2018:
Sharaaaap, ediot! Consider it an honour that I am in your mention,huh? You are a bloody.......... fvck ya!

.............................................................................................
you like my attention don't you

edon21:

get me the list

go back in the convo

Got it.Thanks. Hopefully they come to their senses.

Just30:
naa
the banks cant pull strings in Ghana
they will be cut down to size.

the government stopped the central bank from creating a retail payment system befitting of Ghana.
Claiming the value of the contract was too high for the kind of contract and it broke the laws of Ghana
when it comes to the value of contract that can be sole sourced.

some procurement nonsense
Now they have implemented a system that does not fully cover the entire payment ecosystem

68816419:
How can small countries with no economic viability, tiny IGR, little industries, little resources have such high debts ?
Ghana’s $18 billion external debt could later affect its macroeconomic stability

(Ecofin Agency) - At end November 2018, Ghana’s external debt was $18 billion, figures recently published by the central bank reveal. Even though the debt-to-GDP ratio has slightly decreased to 28.9% against 29.3% at the end of 2017, there are worrying indicators.

Despite a rise of the trade balance to $1.7 billion in December 2018, the country’s external debt was 10 times higher than net exports. At the same time, the country’s external position worsened slightly.

The gross international reserves at end December 2018 was $7 billion and it could just cover 3.7 months of imports (despite the support of the trade balance by the oil sector that does not create many jobs or inclusive direct growth) while in December 2017, it was $7.5 billion for 4.3 months of imports.

Gold and cocoa, that are the traditional economic sectors and employ the most, generated less foreign currency with their respective contribution to exports valued at $5.4 billion and $2 billion respectively against $5.7 billion and $2.6 billion at end of 2017. During the period under review, the net capital account was divided by two going from $3 billion to $1.5 billion.

The government wants to substantially reduce its debt by 2021 but, for the time being, it has to continue to solicit the international market and it already announced the possibility of a $3 billion issuance. Its last issuance was in May 2018 and, it was oversubscribed by four times.


Nigeria’s external debt rises by $11.77bn in three years


Kenya’s public debt is rising to dangerous levels

Kenya is weighed down by swelling public debt and faces the possibility of a debt crisis (where the government can’t repay what it owes).

Kenya’s current public debt stands at approximately 4.884 trillion Kenyan shillings (USD$49 billion) or 56.4% of the country’s gross domestic product.. This is up from 42.8% in 2008. In other words, the country owes more than half the value of its economic output (GDP).

The International Monetary Fund recommends that ratios of public debt to GDP should not be higher than 40% for developing countries.

To be fair, this level of debt is comparable to that of other developing economies. For example, South Africa’s ratio of public debt to GDP was 53.1% in 2017 (2008: 27.8%). Nigeria’s was 21.3% in 2017 (2008: 7.3%). Brazil, India and China all have ratios over 40%. However, the economies of these countries are several times larger than Kenya’s.

Policy analysts are worried about the country’s public debt compared with its national income. Kenya has a population of 51 million, implying that every Kenyan owes about USD$962 – and produces USD$1169 a year. In comparison, each South African owes about USD$1434 and produces USD$12,295.

http://theconversation.com/kenyas-public-debt-is-rising-to-dangerous-levels-100790

This is not a sound analysis.

check what is the debt to GDP ratio of USA. By the standards other developing and emerging economies are judged, the US economy should be under IMF conditionalities because their debt to GDP ratio is way way way way way over the threshold of debt sustainability and it is not reducing, it is rising and rising. Indeed it is the largest on the planet, not even close.

So if Ghana can sustain the borrowing base by its capitals expenditure, i don't see it as anything to be worry about.

vaxx:
This is not a sound analysis.

check what is the debt to GDP ratio of USA. By the standards other developing and emerging economies are judged, the US economy should be under IMF conditionalities because their debt to GDP ratio is way way way way way over the threshold of debt sustainability and it is not reducing, it is rising and rising. Indeed it is the largest on the planet, not even close.

So if Ghana can sustain the borrowing base by its capitals expenditure, i don't see it as anything to be worry about.

if i was Nigeria, i will borrow more to fix my current problems.


wait till Ghana list her 50 billion century bond
Then you will see what massive changes are


unfortunately Nigeria cant do same because
the money will eventually vanish

Just30:
Like Ghana Gas
Ghana oil transport pipeline
harbour construction
Power projects
transmission lines
water pipeline and water works
desalination plants
roads

all of them can finance the portion of loans used on them


they can repay their loans withing 6 to 10 years on their own balance sheet

Infrastructure projects can repay themselves
He is stupid
He is thinking about oil dont mind him

Just30:
go back in the convo

COWARD ALWAYS RUNNING AWAY

vaxx:
This is not a sound analysis.

check what is the debt to GDP ratio of USA. By the standards other developing and emerging economies are judged, the US economy should be under IMF conditionalities because their debt to GDP ratio is way way way way way over the threshold of debt sustainability and it is not reducing, it is rising and rising. Indeed it is the largest on the planet, not even close.

So if Ghana can sustain the borrowing base by its capitals expenditure, i don't see it as anything to be worry about.

Exactly
Not buharieconomics

rvp2018:
ASK THE CREDITORS. You see nobody believe your GDP figures and nobody really going to lend your anything more than they would lend to Kenya or Ghana.

I mean why are you more worried - it's not your money. I'ts not kenya or Ghana money. It's creditor money.

If we cannot pay - we we simply ask to be debt forgiven like Nigeria did - and 18B were written off.

Obviously we know better than that - and will promptly repay.

Actually most of the debt is invested in business that will repay the debts. Not stashed abroad.

You see if you were a functional country - you would borrow upto - 250B dollars - and fix all your problems - and when oil windfall come - you will repay the oil.

That is is called levarage. But you can't pay. You won't pay. Nobody will lend.

how can you pay your debts when most of the so called projects are running at lost, when you hardly have Good foreign reserves to support various operations , don't you know that you need FX, to help Forex serves is in meeting the international finance obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations.
how do you intend to repay your debts knowing fully well that your projects are seriously running at lost,and your only port is at the risk of been taken over by china?

edon21:

COWARD
ALWAYS RUNNING AWAY

You are always calling people cowards
Did you study cowardism in Michigan

We are not in a debt crisis! So you have high foreign reserves but a way low tax to GDP ratio? Why shouldn't we not talk about that?

68816419:


how can you pay your debts when most of the so called projects are running at lost, when you hardly have Good foreign reserves to support various operations , don't you know that you need FX, to help Forex serves is in meeting the international finance obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations.
how do you intend to repay your debts knowing fully well that your projects are seriously running at lost,and your only port is at the risk of been taken over by china?

Pray harder. We have more forex than we need. Our Kshs is strengthening against USD. You see we need about 4 month cover - we have been doing about an extra 2 months - more than 8B of forex.

Honestly give up. Kenya macro-economics are solid.

We don't have any debt or whatever crisis. Our economy is probably going to grow at 7% this year.

There are no exogenous risk.

Now Nigeria - worry about OIL - Oil prices in kenya have dropped by 15-20% - and I mean that mean you are getting hit

Prepare for another recession. Trump is not in any mood for anything but low oil prices.

68816419:


how can you pay your debts when most of the so called projects are running at lost, when you hardly have Good foreign reserves to support various operations , don't you know that you need FX, to help Forex serves is in meeting the international finance obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations.
how do you intend to repay your debts knowing fully well that your projects are seriously running at lost,and your only port is at the risk of been taken over by china?

vaxx:
This is not a sound analysis.

check what is the debt to GDP ratio of USA. By the standards other developing and emerging economies are judged, the US economy should be under IMF conditionalities because their debt to GDP ratio is way way way way way over the threshold of debt sustainability and it is not reducing, it is rising and rising. Indeed it is the largest on the planet, not even close.

So if Ghana can sustain the borrowing base by its capitals expenditure, i don't see it as anything to be worry about.

Hahahah, why would a sane person use USA as a comparison, knowing fully well that global currency is dominated in $ and the level of development and industrialization means most of these debt could be service with ease.can same be said to Ghana or Kenya ?

rvp2018:
Pray harder. We have more forex than we need. Our Kshs is strengthening against USD. You see we need about 4 month cover - we have been doing about an extra 2 months - more than 8B of forex.

Honestly give up. Kenya macro-economics are solid.

We don't have any debt or whatever crisis. Our economy is probably going to grow at 7% this year.

Nigger, time shall tell , same way u claimed Alshabab was defeated , just for your Capital to be attacked some hours later ...

Our reserves are just enough for needs.They can cover 5-6 months import cover way above the recommended 4 months!

68816419:


how can you pay your debts when most of the so called projects are running at lost, when you hardly have Good foreign reserves to support various operations , don't you know that you need FX, to help Forex serves is in meeting the international finance obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations.
how do you intend to repay your debts knowing fully well that your projects are seriously running at lost,and your only port is at the risk of been taken over by china?

Kenya economy is well diversified. Time will tells us if Oil will crash your economy or not. Keep praying. Buhari is busy campaigning so he isn't talking - but things are elephant for oil producing countries. Here in Kenya - we are enjoying 20% tax holiday from Oil and you're getting a 20% kick in your gonads.

After re-electing Buhari - he will tell you it's back to recession.

68816419:

Nigger, time shall tell

Fuckeduppedness you Nigerians are funny sha why don’t you fellas focus on fixing your country, instead of fighting so hard to prove yourself on nairaland? Nobody needs to tell me what is really, really happening in Nigeria.

So what is the point in posting tons of stuff that prove nothing? For example you Nigerians talk about Lagos having some interesting GDP figures. But when you look at the 2019 budget for Lagos, it’s about $2 billion. Can anyone tell me one country or geographic entity that has the budget often quoted for Lagos and yet operates on an annual budget of $2 billion it doesn’t make sense

I prefer using human development indices to determine how well a particular country is faring. All the talk about fine cities, universities, etc etc etc are trash pure crap if your economy is truly doing well it should reflect in the lives of the people. What is the life expectancy, how many can afford food, how many have access to electricity, good roads, personal security, good education etc etc etc Those are the main issue we should be talking about everything else is nonsense!

tylann:

Lagos is ranked among worst africa cities
Get off that list first then we will take you seriously

show me credible links to support your claims and i promise to show why Nairobi is the worst city on earth ..

68816419:

Hahahah, why would a sane person use USA as a comparison, [b]knowing fully well that global currency is dominated in $ [/b]and the level of development and industrialization means most of these debt could be service with ease.can same be said to Ghana or Kenya ?

i see you as one of the most briilant dude on this thread so don't dissapoint me. global currency been dominated in dollars does not mean usa will go there and print out dollars to pay up the debt. The result is hyperinflation,. with over 16 trillion new US dollars in international hands and over a trillion of that in China alone-, it will simply cause -a dramatic increase in national income everywhere except the US.. That income spike would cause aggregate demand for goods purchasable in USD to soar. Merchants would naturally respond by increasing the price of their goods, restabilizing the real value of the dollar.

The consequences of such a series of events would be catastrophic.


And as to servicing the debt, Ghana presently has a good economic mechanism that can handle that. the forieng reserve has even swell over time.

edon21:

COWARD
ALWAYS RUNNING AWAY

real cowards dont read

According to their cooked GDP - Lagos has GDP equal to Morroco & larger than Angola - both have annual budget around 60B dollars. Rwanda with GDP of around 10B - has budget of 4B. Lagos with overcooked GDP can barely do 3B.

Cooking require some intelligence.

BlcoChina2018:

So what is the point in posting tons of stuff that prove nothing? For example you Nigerians talk about Lagos having some interesting GDP figures. But when you look at the 2019 budget for Lagos, it’s about $2 billion. Can anyone tell me one country or geographic entity that has the budget often quoted for Lagos and yet operates on an annual budget of $2 billion it doesn’t make sense

Tax to GDP ratio comparison between economies! An attempt for Nigerian to raise the tax to gdp ratio will land them into problems.They simply cannot tax more because that GDP isn't the actual gdp! They can no way raise taxes more than 15% or even 12% of their GDP! That would be too much for them as that GDP doesn't reflect the reality on the ground! Kenya should be aiming for 19/20 % and not the usual 18%

68816419:


how can you pay your debts when most of the so called projects are running at lost, when you hardly have Good foreign reserves to support various operations , don't you know that you need FX, to help Forex serves is in meeting the international finance obligations including sovereign and commercial debts, financing of imports. It helps in boosting the confidence of the market in the ability of a country to meet its external obligations.
how do you intend to repay your debts knowing fully well that your projects are seriously running at lost,and your only port is at the risk of been taken over by china?

hehehe
has Ghana told you it cant pay it debt ?
creditors would have run away from Ghana bonds if they realised that yet each bond is over subscribe

you dont know international finance
leave that arguement to those with knowledge on the matter.

which of the projects are running at a loss?
care to list?

Ghana GAS has finished repaying it loans

Ghana's port was not even financed by China
for China to take it over

68816419:

show me credible links to support your claims and i promise to show why Nairobi is the worst city on earth ..

https://www.pulse.ng/bi/lifestyle/here-are-the-6-worst-cities-to-live-in-africa/pknnsy3.amp

http://www.informationng.com/2018/03/lagos-abuja-named-among-the-worst-cities-to-live-in-africa-see-full-list.html/amp

https://www.pinterest.com/amp/pin/691302611526212487/
Here you go my brother from the world poverty capital

68816419:

Hahahah, why would a sane person use USA as a comparison, knowing fully well that global currency is dominated in $ and the level of development and industrialization means most of these debt could be service with ease.can same be said to Ghana or Kenya ?

of course
most of Ghana and Kenya debt can be serviced with ease because the debt was spent on viable projects

the US cannot repay it 22 trillion bebt
the money was spent on the millitary even attempting to pay that debt will collapse it economy.

global trade is dominated by the dollar but that wont last for long.