vaxx2:
when you have brilliant input, let me know.

The hogwash as usual

tylann:

I did tell you to stop quoting me
If you nothing of importance
People are dying all over africa just look for their pictures online and post them

AskiaHarem:


Nigeria has to carry West Africa like this...

obaaderemi:
ECOWAS is nothing without Nigeria. Gbam!

chrisagyei:
I will say West Africa is too poor and very disorganized as compared to Ghana which is well structured and with an over 60 billion dollar economy and over 175 billion dollars GDP by PPP although we can still do better.Ghana is the only success story of West Africa because last time I checked about the economy of Senegal whom I thought had improved a lot buh was appalled because their GDP barely reached 20 billion dollars.For Liberia, Sierra Leone and Gambia their combined GDP is less than 5 billion dollars and Guinea is a very much disturbed and disorganized country.Nigeria is very protective and secretive when it comes to their economy and market and both their micro and macro economic indicators are very bad with bad economic management.The country barely have a tax to GDP ratio of 7% and they heavily rely on oil.High inflation is their middle name and their salary to revenue is about ratio is about 70% with an abnormal wage bill.A Nigerian senator salary alone can pay the Ghanaian president for 8 months and can equally pay the USA president for 3 months aside their huge payroll list.You can testify their government borrowing money from external sources ro pay salaries and their huge salary arrears.That's why they couldn't meet a single of the criteria set.Ghana is very different from West Africa in terms of attitudes,governance and development.EKO will be almost impossible to implement besides the still French controlled colonies won't abandone their master's controlled currency Franc for anything.

vaxx2:
stop me quoting for stupidity.

Just30:
Exactly spoken
Ghana should abandon all plans of executing anything with this region of failures

vaxx1:
Eco plan for Ghana good but ecowas member must enforce change


Deputy Minister for Trade and Industry; Carlos Kingsley Ahenkorah is warning about the adoption of the West African proposed currency Eco in Ghana without other member countries enforcing the regime.

The Member of Parliament of Tema West constituency feared if Ghana adopted the currency and used it but others display protectionist tendencies “they will bring us down.”

The adoption of the Eco as the regional currency has been postponed five times with the current enrollment year set for 2020. The Eco was first planned to be introduced in 2003, but this was postponed several times to 2005, 2010 and 2014.

For the Eco to be implemented, ten convergence criteria, set out by the West African Monetary Institute (WAMI), must be met. These criteria are divided into four primary and six secondary criteria. Up to the fiscal year 2011, only Ghana has been able to meet all the primary criteria in any single fiscal year.

Eco

The four primary criteria to be achieved by each member country are:

A single-digit inflation rate at the end of each year

A fiscal deficit of no more than 4% of the GDP

A central bank deficit-financing of no more than 10% of the previous year’s tax revenues

Gross external reserves that can give import cover for a minimum of three months.

The six secondary criteria to be achieved by each member country are:

Prohibition of new domestic default payments and liquidation of existing ones

Tax revenue should be equal to or greater than 20 percent of the GDP

Wage bill to tax revenue equal to or less than 35 percent

Public investment to tax revenue equal to or greater than 20 percent


A stable real exchange rate

A positive real interest rate

Ghana, The Gambia, Guinea-Conakry (which is French speaking but does not use the CFA franc), Liberia, Nigeria and Sierra Leone are the countries to use the Eco with others in ECOWAS coming on-board.

Source: goldstreetbusiness.com



Just30 , Chrisagyei and others. What do you think?

AskiaHarem:

Just30:
First of all,
Ghana has to get out of ECOWAS
its a society of failures.

ECO is not achievable
how do countries struggling to meet 7% tax to GDP ration suddenly get to 20%?


Ghana should assemble a group of countries that it can easily lead like it did before and try to implement a common market like Russia has done.

Just30:
your country is a failure
the earlier you accept it , the better it will be for you

and you can move to finding solutions.

tylann:


Why did God curse humanity
With such idiots

vaxx2:
Nigeria underperformance had affect the rest of ecowas member. Many investment set across west Africa are targeting Nigeria market and since nigeria has a stiff business process. They end up coming to Ghana or nearby benin. This is not to say Ghana can't attract investors on her own but Nigeria market is big and provide a quick return on investment opportunity while Ghana balance buisness transparency will be good for long time investment. Actually many buisness that were currently operating in Ghana were initially in Nigeria.


By a single country, i mean in a bigger picture, we should have a country of our own. Maybe United state of africa why we will have a country within a country but it we be a centralised system. I admire America style a lot. It has proven to be successful.

AskiaHarem:


Where they following Ghana too? The IMF handouts line?

Just30:
First of all,
Ghana has to get out of ECOWAS
its a society of failures.

ECO is not achievable
how do countries struggling to meet 7% tax to GDP ration suddenly get to 20%?


Ghana should assemble a group of countries that it can easily lead like it did before and try to implement a common market like Russia has done.

Just30:
still a failure
countries like Morocco will have better figures than that in the same 30 years

i dont know what you are celebrating

Just30:
Economic salvation
constant electricity
single market
custom union
real cross-boundary movement that does not share criminals

AskiaHarem:


We Nigerians are discussing Pro-Black things don't bring your Oyibo masters into this please. Stop trying to flex there "potential" achievements and worry about your shithole.

Just30:
wrong move to ever think of joining countries with highly unstable countries like we have in West Africa

Just30:
i cant believe you are celebrating a GDP per capital in PPP of 7000 dollars by 2060 when much of Africa will have better than that by that time of year in Real terms.

dumb ass

vaxx2:
i welcome this development , infact i am an advocate. Ecowas is seless economically. unless the giant of africa is willing to accept the same economical policy she is enjoying within the ecowas sub region .

Well, during the non allign movements before Nigeria become a signatory, Ghana was rolling wirh india and the rest.

GHANA can channelled her energy somewhere else till Nigeria is ready to take part in the fair game.

AskiaHarem:

Nah this all you guys going to be good at...

AskiaHarem:


The delunacy is High in this one. Nigeria makes up the bulk of ECOWAS GDP and development which is greater than that of the entire EAC. Nigeria pretty much solo funds the whole organization. Nigeria manufacturers more than all African states minus South Africa and is currently building multiple oil refineries. It's soldiers are always being sent to police the region(Sierra Leone, Liberia, Mali, Gambia etc). [b] West Africa Is a burden on Nigeria [/b]having to put up with the numerous French Puppet States as well as that envious "Oversized Village".

vaxx2:
if there is anything Nigeria is afraid of, it is competition with the other ecowas state. THOUGH NIGERIA IS BENEFITING FROM ECOWAS POLICY THAN THE REST. it is unfair practice.

vaxx2:
if you have been following the west Africa news lately, you will realised Ghana needs to tighten its security belt. Amd and there is tendency Ghana maybsoon experience another iinflux of refugee from northern burkina and mali soon. And this will be taken under the name kf ecowas.

Just30:
continue worshipping the Europeans and Asians whiles they control your economy and politics .




the rest of Africa doesnt do that

Just30:
Ghana really have to stop accepting refugees
it is disrupting the social dynamics of the country.

its time , countries like Nigeria take one for ECOWAS after all
they are the ones benefitting from it.

Just30:
Ghana really have to stop accepting refugees
it is disrupting the social dynamics of the country.

its time , countries like Nigeria take one for ECOWAS after all
they are the ones benefitting from it.