NairobiWalker:


Why can't he give the urine to those kids in Maiduguri?

Go and do something about this people dying of hunger everyday and stop being an idiot?

Jonraid:
Who needs a new double track when you can do double-stack containers?

Remember we are refurbishing the old railway line which is still much in operation! And we also have the roads which should get it's fair share of freight.

So we have the new track,the old one and the roads,what's wrong with that? Don't forget that so many factors may influence the variance of

cost of projects between places,you can do your own research on that! One thing I know is that we spent almost 250 million US dollars on land

compensation for a distance of only 500km,the other is that our railway is referred to as ''SGR class 1 type'' (we also have class 2) these two

among many other factors may explain the huge cost of Kenya's railway.

Three,we have constructed many bridges and dug one of the longest tunnels in Africa,our train stations are top and we had to fence the whole

line from Mombasa to Naivasha. How many countries fence their tracks?

All these project is built by china..and in less than a decade china will neo colonise you and control the little that you have all because kenyatta signed that damn deal...so sad

Jonraid:
Who needs a new double track when you can do double-stack containers?

Remember we are refurbishing the old railway line which is still much in operation! And we also have the roads which should get it's fair share of freight.

So we have the new track,the old one and the roads,what's wrong with that? Don't forget that so many factors may influence the variance of

cost of projects between places,you can do your own research on that! One thing I know is that we spent almost 250 million US dollars on land

compensation for a distance of only 500km,the other is that our railway is referred to as ''SGR class 1 type'' (we also have class 2) these two

among many other factors may explain the huge cost of Kenya's railway.

Three,we have constructed many bridges and dug one of the longest tunnels in Africa,our train stations are top and we had to fence the whole

line from Mombasa to Naivasha. How many countries fence their tracks?

All these project is built by china..and in less than a decade china will neo colonise you and control the little oil that you have ....all this is because kenyatta signed that damn deal...so sad

Come back when China takes over!

samorobo:



All these project is built by china..and in less than a decade china will neo colonise you and control the little that you have all because kenyatta signed that damn deal...so sad

Jonraid:
You can ride on these news as long as you want,enjoy it!

Of course I will? that's the plain truth. Truth hurts

And I will keep posting this thing here so that it will continue to hurt you idiots

Jonraid:
Come back when China takes over!

Channel your anger to kenyatta ...je caused this impending doom ..not me

samorobo:


Firstly imf predicted our economy to grow by less than 1.9 last year whichis higher than your illusory 1.5%.....but nigeria defied imf and grew beyond their expectations last year (go and run your research properly) t...that ignorance of your alone has just showed how much of a liar you are and has also terminated your claims...we even grew by more than 1.5 in 20 17 alone. ..why not get me out current gdp which is about $600 billion. ...maybe that gdp is for South Africa since they have barely grown up to 1% in the last four years due to their economic situation. ..they are still in recession while we are recovering. ....
Or where you expecting me to believe this your silly school teacher write with no evidence to convince me....go back and try harder you lost this already...now scat off as usual and fetch me more...while you are at it educate me more on your $50 billion economy after 62 years of independence and a supposedly diversified economy. ..ohhhh. ..#prayforghana

You are very stubborn and even if you claim to grow by 2.5%,why don't you calculate 2.5% of your 2017 diminished 375 billion dollars and you barely get 20 billion dollars.Now add it to 375 and you get 395 billion dollars for 200 million people in 2018 a year after buh not 600 billion dollars.Even a 70% GDP growth will not move the economy from 375 billion to 600 billion in a year.And if oil prices reduce which it will,your economy will further reduce to 200 billion for 230 million Nigerians..Check the GDP of Switzerland which has a population of 8.2 million people and you will how messed up your poverty capital is.

Johncables402:


Nigerians don't drink from boots , only starving Kenyans are fit to consume urine and feaces .

Sad!.

Don't mind these useless Kenyansh? Their own poverty is the worse in the world?

Poverty has turn them to skeleton, both pregnant women

colledge of physicians amd surgeon. Accra

chrisagyei:
You are very stubborn and even if you claim to grow by 2.5%,why don't you calculate 2.5% of your 2017 diminished 375 billion dollars and you barely get 20 billion dollars.Now add it to 375 and you get 395 billion dollars for 200 million people in 2018 a year after buh not 600 billion dollars.Even a 70% GDP growth will not move the economy from 375 billion to 600 billion in a year.And if oil prices reduce which it will,your economy will further reduce to 200 billion for 230 million Nigerians..Check the GDP of Switzerland which has a population of 8.2 million people and you will how messed up your poverty capital is.

This chrisgay idiot is back with his stupidity

What kind of useless human being are you, huh?

Instead of you to go and hold your Nana akwado to develop your useless gutter country for you, you here killing your useless self on our GDP

Are you mad or you're just naturally stupid lazy ass idiot

No wonder your country is still looking like sambisa forest stupid idiot?

More!

jaycent:
Of course I will? that's the plain truth. Truth hurts

And I will keep posting this thing here so that it will continue to hurt you idiots

Jonraid:
We too have them,I was just showing you reasons why those programmes exist.They wouldn't exist if we didn't have poor and hungry country men,think for a minute!

Kenyetta , every country has poor people. Your own poverty is the scary version , where old man are living pathetic lives with their grand children dying infront of them like animals .

This is only in Kenya

jaycent:
This chrisgay idiot is back with his stupidity

What kind of useless human being are you, huh?

Instead of you to go and hold your Nana akwado to develop your useless gutter country for you, you here killing your useless self on our GDP

Are you mad or you're just naturally stupid lazy ass idiot

No wonder your country is still looking like sambisa forest stupid idiot?

You failed to handle the guy superior argument. he is both using economics tool and basic logic.


why going personal and emotional? let's learn here. friend.

jaycent:
Don't mind these useless Kenyansh? Their own poverty is the worse in the world?

Poverty has turn them to skeleton, both pregnant women

It is very scary to watch humans living like animals , yet these animals to online attacking everyone . Now I know it's because of hunger and helplessness.

chrisagyei:
You are very stubborn and even if you claim to grow by 2.5%,why don't you calculate 2.5% of your 2017 diminished 375 billion dollars and you barely get 20 billion dollars.Now add it to 375 and you get 395 billion dollars for 200 million people in 2018 a year after buh not 600 billion dollars.Even a 70% GDP growth will not move the economy from 375 billion to 600 billion in a year.And if oil prices reduce which it will,your economy will further reduce to 200 billion for 230 million Nigerians..Check the GDP of Switzerland which has a population of 8.2 million people and you will how messed up your poverty capital is.

You I won't accept this...I want you to be specific. ...2.5% gdp growth will not fetch us $20 billion. ..we achieved more than that in 2017 from oil price despite the fact that we were I'm recession last year..and besides we grew by more than 2.5% in 2018....
Did you know we overtook Egypt as the largest rice producer in Africa which is an initiative we started two years ago...and that alone generated us $52 billion dollars which is more than what your country achieved in 62 years....I don't even want to mention how much we generaTed from manufacture which is still in it baby stage and even blossom by the beginning of 2020.....

I need you to be specific and prove me wrong...or am I not talking to chrisagyei again...I am sure you are the one typing that phone not somelse....pls get your phone if it is not you and reply me ..because the chrisagyei I know is always certain...

As for Switzerland I could say the same of you owing ti the fact that you senior us in independence and you started controllung your resources before us......that goes to both of us...who know we might have surpassed Switzerland now but your is till like 24th century

Ghana Government bags $3bn in Eurobond; 7 times oversubscribed

The government has raised $3 billion from international financial institutions through a three-tranched Eurobond which attracted more bids than the country asked for.

At the close of a roadshow in London yesterday, the appetite for the 2019 sovereign bond had swelled, resulting in orders totaling $21 billion – about seven times more than the amount needed.

This heightened impetus enabled the book runners to negotiate attractive interest rates on the long-term loan instruments.

The government delegation, led by the Minister of Finance, Mr Ken Ofori-Atta, however, accepted only $3 billion, in consonance with the amount budgeted for and approved in the 2019 Budget Statement and Economic Policy of the government.

Confirmation


The Daily Graphic gathered that the government issued three separate bonds with maturity terms of seven, 12 and 31 years.

A source at the Ministry of Finance, who is familiar with the transaction but was not authorised to speak about it, said the seven-year bond attracted an interest rate of 7.875 per cent, with the 12-year bond attracting 8.125 per cent coupons (interest rates), while the 31-year bond was priced at 8.95 per cent.

Confidence

The successful issuance of the bond is expected to bolster confidence in the economy and help reverse the current depreciation of the cedi, which analysts believe is as a result of portfolio reversals, negative sentiments about the planned exit of the International Monetary Fund (IMF) and domestic rigidities arising from the recent banking sector clean-up exercise.

According to international analysts familiar with Eurobonds of emerging markets, it was the first time that a sovereign bond from Africa had attracted that huge appetite, with orders being seven times the required amount.


It is also the first time that the country has issued a 31-year bond to be repaid in 2050.

Analyst

A Professor in Economics, Prof. Peter Quarter, said he expected results of the sale to strengthen the cedi further.

“It will go a long way to stabilise the cedi. We have seen the cedi move from around GH¢5.8 to one dollar to around GH¢5.3 to the dollar and I am sure that this will even push it down further,” he said in an interview.

Capital flight

Prof. Quarter, who is at the University of Ghana, Legon, said the oversubscription was a confirmation of current ratings on the economy.

It indicated increased investor confidence in the economy, he said, explaining that all those should inure to the benefit of the general economy.

He, however, observed that strong appetite for foreign debts could impact negatively on the debt stock of the country and also increase capital flight in the long term.

With capital flight being one cause of the current cedi depreciation, he said the long-term implications on the exchange rate could be that the cedi would depreciate further.

Use of funds


According to the 2019 budget, in which the government first announced plans to raise the $3 billion from the international capital markets, about $2 billion would be used to execute this year’s budget while the remaining $1 billion would be used to refinance the 2023, 2026 and 2030 Eurobonds.

A report by the Finance Committee of Parliament on the Eurobond showed that out of the $2 billion, which translated into about GH¢9.6 billion, to be used to execute the 2019 budget, about GH¢7.24 billion would go into managing the country’s liabilities.

It further shows that about GH¢665.2 million was earmarked for the Infrastructure for Poverty Eradication Programme (IPERP).

Institutions such as the National Identification Authority (NIA), the Venture Capital Trust Fund and the National Entrepreneurship and Innovation Plan are also candidates for the Eurobond proceeds.

About GH¢106.87 million and GH¢300 million will also be used to support economic activities in Zongo communities and the Planting for Food and Jobs programme respectively.

Source: Graphic.com.gh

vaxx:
You failed to handle the guy superior argument. he is both using economics tool and basic logic.


why going personal and emotional? let's learn here. friend.

That was the same tactics petrodollars used and you said nothing...now that jaycent has learned and is implementing it your are complaining. ..

Jaycentcontinue it is working. ..

samorobo:


You I won't accept this...I want you to be specific. ...2.5% gdp growth will not fetch us $20 billion. ..we achieved more than that in 2017 from oil price despite the fact that we were I'm recession last year..and besides we grew by more than 2.5% in 2018....
Did you know we overtook Egypt as the largest rice producer in Africa which is an initiative we started two years ago...and that alone generated us $52 billion dollars which is more than what your country achieved in 62 years....I don't even want to mention how much we generaTed from manufacture which is still in it baby stage and even blossom by the beginning of 2020.....

I need you to be specific and prove me wrong...or am I not talking to chrisagyei again...I am sure you are the one typing that phone not somelse....pls get your phone if it is not you and reply me ..because the chrisagyei I know is always certain...

As for Switzerland I could say the same of you owing ti the fact that you senior us in independence and you started controllung your resources before us......that goes to both of us...who know we might have surpassed Switzerland now but your is till like 24th century

NIGERIA only overtook Egypt in rice production due to Egyptian goverment decision to curb down production to make way for more irrigation work and not because nigeria agriculture sector is working.


it is even a shame Nigeria can be be competing with egypt in rice production. a country that have less arable land and population compare to Nigeria . rice is not major staple food in Egypt but it is Nigeria major staple food. Nigeria should by now outperform them with a large margin.


Ghana with a population less than 30 million and a gdp of 51 billon is a good starting point for any African country.


Ghana economy is rested on confidence.

It’s s that your best jive? the best you nigerian fool can conjure? Fuckeduppedness fool, listen very carefully,huh? My president, aHis Excellency Nana Akufo Addo is a an Oxford trained lawyer with international pedigree. A well-respected jurist and former Attorney General, A distinguished Member of Parliament. Very well learned

What can you say about your own certificateless President? I understand he is even an imposter called Jibril from Sudan,huh? Fuckeduppedness why, why must these fools always embarrass Africa and Africans? The largest country of apes what is an illiterate imposter and cattle rearer doing as president of Shitnigeria? Fuckeduppedness

jaycent:
Go and wait and cry for your useless stinky poverty country? Country that poverty has turned them to Animals? Look at your president, dirty animal fool. Idiot

Tell it to the magg0t Shitnigerian fool. People eat from dustbins in Shitnigeria, with their 10 trillion dollar economy. you believe the fool when h3 says Shitnigeria is posting record rice production? Don’t mind the nagg0t. The monkey even import garri from India and fuel from Niger Republic. When will nigerians have sense?

vaxx:
NIGERIA only overtook Egypt in rice production due to Egyptian goverment decision to curb down production to make way for more irrigation work and not because nigeria agriculture sector is working.


it is even a shame Nigeria can be be competing with egypt in rice production. a country that have less arable land and population compare to Nigeria . rice is not major staple food in Egypt but it is Nigeria major staple food. Nigeria should by now outperform them with a large margin.


Ghana with a population less than 30 million and a gdp of 51 billon is a good starting point for any African country.


Ghana economy is rested on confidence.

Certificateless Jibril from Sudan at State House, Abuja. Brain-dead Nigerians

samorobo:


You I won't accept this...I want you to be specific. ...2.5% gdp growth will not fetch us $20 billion. ..we achieved more than that in 2017 from oil price despite the fact that we were I'm recession last year..and besides we grew by more than 2.5% in 2018....
Did you know we overtook Egypt as the largest rice producer in Africa which is an initiative we started two years ago...and that alone generated us $52 billion dollars which is more than what your country achieved in 62 years....I don't even want to mention how much we generaTed from manufacture which is still in it baby stage and even blossom by the beginning of 2020.....

I need you to be specific and prove me wrong...or am I not talking to chrisagyei again...I am sure you are the one typing that phone not somelse....pls get your phone if it is not you and reply me ..because the chrisagyei I know is always certain...

As for Switzerland I could say the same of you owing ti the fact that you senior us in independence and you started controllung your resources before us......that goes to both of us...who know we might have surpassed Switzerland now but your is till like 24th century

You see,your economy grew nothing above 2.38% in 2018 and do you know all economies is quoted and designed in local currencies and converted to us dollars for international statistics and if your local currency depreciates abnormally,it affects your economy especially if you are an import dependant economy like Nigeria and rest of Africa who depends 95% on imported finished goods whilst exports little value natural resources.Your naira keeps losing its value and so the official quoting that your economiy is 127 trillion naira converts to 352 dollars currently.1 dollar equals 360 naira.To the conversion and check

PetroDollax:

It’s s that your best jive? the best you nigerian fool can conjure? Fuckeduppedness fool, listen very carefully,huh? My president, aHis Excellency Nana Akufo Addo is a an Oxford trained lawyer with international pedigree. A well-respected jurist and former Attorney General, A distinguished Member of Parliament. Very well learned

What can you say about your own certificateless President? I understand he is even an imposter called Jibril from Sudan,huh? Fuckeduppedness why, why must these fools always embarrass Africa and Africans? The largest country of apes what is an illiterate imposter and cattle rearer doing as president of Shitnigeria? Fuckeduppedness

Why you always sound like a dog on heat ? . You are one of the most annoying and stupid posters on this thread .

Why don’t you stinking Nigerians jump off a cliff, take a gas shower, pour cement into a bucket of milo and drink? At least there will be obpne less mudder fugger MUMU in this world. I still can’t understand how soo many foolish people gathered in one place like that. Mind boggling azzholes, scvmbags gathered in @ miserable, dirty place. Chai

Johncables402:


Why you always sound like a dog on heat ? . You are one of the most annoying and stupid posters on this thread .

Don’t mind the fools. They actually know the truth, but won’t admit. I guess they are too ashamed at what nigeria has become! Chai, Nigeria we hail ooh

chrisagyei:
You see,your economy grew nothing above 2.38% in 2018 and do you know all economies is quoted and designed in local currencies and converted to us dollars for international statistics and if your local currency depreciates abnormally,it affects your economy especially if you are an import dependant economy like Nigeria and rest of Africa who depends 95% on imported finished goods whilst exports little value natural resources.Your naira keeps losing its value and so the official quoting that your economiy is 127 trillion naira converts to 352 dollars currently.1 dollar equals 360 naira.To the conversion and check

Johncables402:


Starvation is caused by government ineptitude and stupidity . Why are other nations suffering from droughts not starving ? .

Did you just ask me why other nations are not suffering from droughts? Am I supposed to teach you about topography and climate change? You are definitely reading from a different script.

PetroDollax:

It’s s that your best jive? the best you nigerian fool can conjure? Fuckeduppedness fool, listen very carefully,huh? My president, aHis Excellency Nana Akufo Addo is a an Oxford trained lawyer with international pedigree. A well-respected jurist and former Attorney General, A distinguished Member of Parliament. Very well learned

What can you say about your own certificateless President? I understand he is even an imposter called Jibril from Sudan,huh? Fuckeduppedness why, why must these fools always embarrass Africa and Africans? The largest country of apes what is an illiterate imposter and cattle rearer doing as president of Shitnigeria? Fuckeduppedness

Are you done ranting

So who give a fvck about your ugly shot kwage president,huh? what has your president achieve. What has he done in That useless dead country of yours

Idiot, Let me tell you about Buhari.

Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. He was involved in the military coup that ousted Yakubu Gowon in 1975 and was appointed military governor of North Eastern state (now Borno) that same year. He was appointed federal commissioner for petroleum resources by Gen.


What buhari has done in Nigeria your useless shot black ugly Nana akwado cannot do it in his entire life

Useless Ghanaians corrupting Nigerians with Yahoo Yahoo nonsense

When will you gaynians get sense and know that their gutter country is useless and dead

You gaynians behave like animals, dirty ugly pigs

TUFIA, I spit on you hungry fools?

No one is angry,Samson

samorobo:


Channel your anger to kenyatta ...je caused this impending doom ..not me

PetroDollax:
Don’t mind the fools. They actually know the truth, but won’t admit. I guess they are too ashamed at what nigeria has become! Chai, Nigeria we hail ooh

Which useless truth? You fools know the truth that Nigeria is Ghana father? You will always be under us no matter how hard you try to be ahead of us

Stick to your poverty country Mr. Godogodo

PetroDollax:
Why don’t you stinking Nigerians jump off a cliff, take a gas shower, pour cement into a bucket of milo and drink? At least there will be obpne less mudder fugger MUMU in this world. I still can’t understand how soo many foolish people gathered in one place like that. Mind boggling azzholes, scvmbags gathered in @ miserable, dirty place. Chai

We're better than you smelling Yahoo Yahoo scammers

Dirty and ugly lazy ass zombos

Why don't you face your gutter dirty smelling country and leave Nigeria Alon.

Is it our fault that your country is useless and deaded

When I say deaded, I meant dead and gone

Look at this fool shouting like a demented dog while 3 percent of your countrymen and women are busy chopping your oil money Certificateless Buhari or Jibril, who cares. You fools deserve certificateless cattle rearer as president, walahi! Go and read about His Excellency Nana Akufo Addo he is not a certificateless imposter where is buhari’s Primary school ce4ftificate? Fuckeduppedness

GENERATOGERIA

jaycent:
Are you done ranting

So who give a fvck about your ugly shot kwage president,huh? what has your president achieve. What has he done in That useless dead country of yours

Idiot, Let me tell you about Buhari.

Educated largely in Katsina, Buhari took military training in Kaduna as well as in Great Britain, India, and the United States. He was involved in the military coup that ousted Yakubu Gowon in 1975 and was appointed military governor of North Eastern state (now Borno) that same year. He was appointed federal commissioner for petroleum resources by Gen. Olusegun Obasanjo, who became military head of state when Gowon’s successor, Murtala Mohammed, was assassinated in 1976. By 1977 Buhari had become the military secretary at Supreme Military Headquarters, which was the seat of government. By September 1979 he had returned to regular army duties and commanded a division based in Kaduna. Although civilian government had returned to Nigeria in 1979 with the election of Shehu Shagari, dissatisfaction with dismal economic conditions and what the military perceived as corrupt politicians led to another military coup on December 31, 1983, and Buhari was chosen unanimously to be the new head of state.


What buhari has done in Nigeria your useless shot black ugly Nana akwado cannot do it in his entire life

Useless Ghanaians corrupting Nigerians with Yahoo Yahoo nonsense

When will you gaynians get sense and know that their gutter country is useless and dead

D

jaycent:
We're better than you smelling Yahoo Yahoo scammers

Dirty and ugly lazy ass zombos

Why don't you face your gutter dirty smelling country and leave Nigeria Alon.

Is it our fault that your country is useless and deaded

When I say deaded, I meant dead and gone

is that a new English word and it's meaning?

U must be a lexicographer.