Just30:
he doesnt no

He hasn't heard of the Ghanaian economic magic

Where someone living on a 2000 cedis pay is able to build an 8 bedroom mansion and drives a porch car.

The guy is just arguing blindly

kikuyu1:


You're right as always! I'm skimming through some data and it's looking fishy. Am on my phone now and tied up next 2 or 3 days and will go deep when am free.

you can bring it for discussion

You keep jumping. 10M metric I haven't seen. The website you gave me quote a cement industry lobbyist talking about 8M. It easy - your Ghanian Stat office surely have such data. In the meanitme I am going for Dangote quote figures - 6M metric tonnes with per capita consumption of 230 or about kgs.

Just30:
i gave you a website with Authority

A trusted news website in Ghana and not a blog.

rvp2018:
They are talking installed capacity - kenya has 10M or about installed capacity - but we are now selling around 6m. I am talking what was produced and consumed. I think Dangote at minimum understand industry stats. I am going with their figures until I get yours.

and what is consumed is 10 million plus out of 15 million produced per annum

And you do that mostly from oil & minning industry. I don't think you understand Kenya economy. If Nigeria - is sweating - poor Ghana will not even attempt to compete with Kenya.

Projected tax revenues for this year - ordinary taxes will be 16-18B dollars. That is twice what Ghana will collect. And we don't have any oil or gold or alumiminum.Non-ordinary taxes will be 4B dollars!

Our budget is 30B dollars - we spend about 5B dollars in education. Your free school and double track is not even worth half a billion dollar

Kenya is not Ghana mate. You're too small a potato. Nigeria is already down and out.

vaxx2:
i said update yourself. do this by consulting CIA for additional update . there is no way kenya make more tax revenue than Ghana. what do you want to tax? The banking or the hospitality sector ? Ghana in 2018 rakes nothing less than 9 billion dollar above. this from statistical office and the revenue board ...

samorobo:


Because you real estate sector is dwindling

point of correction sir, real estate sector in kenya is DIEING not dwindling.

Now you're totally confused. Installed capacity is just installed capacity. It not produced. I want to give you a simple assignment. Find me Ghana 2018 cement production and consumption.

Tips - these figures Ghana National Stats Body will definitely have.

Just30:
and what is consumed is 10 million plus out of 15 million produced per annum

What make you think a few yahoo boys in Ghana have more money than informal sector say in kenya - a kenya that is corruption & drug haven. Let me tell you a typical traffic police in Kenya - has millions of Kshs - in black economy. My cousin is a cop - his daily target is 200 dollars - he is just a police constable.Kenya black economy is huge but hardly something to be proud about. The average kenyan pays 45 bribes annually - but country remain a thriving swarm of corrupt - so much Ghana vision 2030 is to be like Nairobi in 2010.

Just30:
you can bring it for discussion

rvp2018:
You just invent words - financial stability is what? Let try stick to empirical evidence - not make-belief about some high income informal sector big boys living large in slums.

Here is your budget
https://www2.deloitte.com/gh/en/pages/tax/articles/ghana-2019-budget-commentary-tax-highlights.html

Revenues around 57 billion Ghana Cedis which translated 10B dollars. Kenya does about twice that.

You capital expenditure is 11-12%(development budget) - your debt servicing is around 24-25%.

Ghana is doing 20% tax to GDP
which is still an underperformance by our standard

Not true - you're doing 17-18% like Kenya - that is about the average for the level of you underdevelopment. South Africa being a middle class do 25%. Scandinavian countries taxes to their bones - do around 50% - and that the highest.

What is % contribution of extraction sector to that tax revenues.

That will help determine if you're another Nigeria or not that depend 90-95% on Oil.

Just30:
Ghana is doing 20% tax to GDP
which is still an underperformance by our standard

rvp2018:
Every Africa country has huge informal economy. It's hard to measure and therefore we don't have to sweat it. Kenya GDP per capita as of this year will be around 99/47m roughly 2000usd. And Ghana have been aggresively rebasing - every 5yrs - which is strange considering you don't do census or large scale household surveys that often - and so that mean your economic data is pretty-upto-date. Kenya we are on 10yr re-basing cycle - we should be do it soon.

Ghana does not rebase ever 5 years

rvp2018:
What make you think a few yahoo boys in Ghana have more money than informal sector say in kenya - a kenya that is corruption & drug haven. Let me tell you a typical traffic police in Kenya - has millions of Kshs - in black economy. My cousin is a cop - his daily target is 200 dollars - he is just a police constable.Kenya black economy is huge but hardly something to be proud about. The average kenyan pays 45 bribes annually - but country remain a thriving swarm of corrupt - so much Ghana vision 2030 is to be like Nairobi in 2010.

Guy you are sick Walahi ......who is talking about bribing. the guys is referring you to how much money made on informal sectlr outside formal works...

what Ghana has achieved for its people, kenya can only dream of it.

Check again. I am not sure what pressure was - maybe to get out debt/gdp problems with IMF? You re-based as recently as 2018 - leading to 25% GDP jump.
https://allafrica.com/stories/201810010595.html

Just30:
Ghana does not rebase ever 5 years

rvp2018:
How can installed capacity of 12m produce 15m metric tonnes?. I think you need to find us more credible data than some Dangote cement lobbyist trying to commit Ghana gov to expensive concrete roads like they are doing in Nigeria. Concrete roads are too expensive for Ghana or Nigeria.

hey poop! That Kenya is too poor to afford it, doesn't mean other Countries that have the money, cannot.

rvp2018:
It will be around 99/47.5 - around 2100. We just released our census. Total pop is 47.5m (not 52m).

Have you asked yourself why your population declined?

and your per capital is still lower

I am talking about part of the informal sector - black economy - why would somebody avoid banking the money - if he was living large .

What has Ghana achieved for it's people that kenya can only dream about?

vaxx2:
Guy you are sick Walahi ......who is talking about bribing. the guys is referring you to how much worries made on informal hon outside formal works...
what Ghana has achieved for its people, kenya can only dream of it.

rvp2018:
You're too light-weight. The data I quoted are projected 2019 tax figures. Ordinary taxes will be around 45 B Ghana cedis - roughly 8B dollars. I wonder what % of this come from minning and oil industry.

All monies made from oil royalties do not form part of Ghana tax revenues since they are allocated to two different accounts as required by law.

Population didn't decline. 52M was projected by some folks. Our pop increased from 38M to 47.5m in 10yrs. The annual growth declined from 2.9% to 2.2% because we are aggressively implementing family planning.

You per capita jumped because you recently re-based - growing your per-capita by 25%.

When we re-base too in 2022 - we might get another 25% jump - and surpass Ghana.

Just30:
Have you asked yourself why your population declined?

and your per capital is still lower

So does it get budgeted?

Just30:

All monies made from oil royalties do not form part of Ghana tax revenues since they are allocated to two different accounts as required by law.

Just30,

Ghana aggressively re-based as it was put into IMF 'emergency' room after getting into debt spiral & currency devaluation.

For the second time in less than 10 years Ghana’s GDP has seen a huge increase as a result of a change in the base year used in the calculation.
https://www.ceditalk.com/2018/10/ghanas-rebased-gdp-explained/

In 2010, the base year used for Ghana’s GDP calculation was changed from 1993 to 2006. The country’s GDP jumped by 60% and the services sector was recognized as the largest contributor to GDP, replacing Agriculture. The recent change of the base year from 2006 to 2013 has resulted in a 24.6% jump in GDP to GH¢256 billion.

rvp2018:
You're too light-weight. The data I quoted are projected 2019 tax figures. Ordinary taxes will be around 45 B Ghana cedis - roughly 8B dollars. I wonder what % of this come from minning and oil industry.

i guess the Ghana 2019 budget is there for you to read.

I guess it not suppose to be confidential otherwise I might have done something illegal.

Just30:
i guess the Ghana 2019 budget is there for you to read.

rvp2018:
Employ a Kenyan CEO is different from employing a Kenyan. Kenya attract more Multinationals than any country in SSA outside South Africa. In terms of number of Kenyan in Ivy League - Kenya is competing with Nigeria - Ghanians are nowhere in Harvard or Yale or such schools.

In PISA like test done in Southern & Eastern Africa countries - Kenya kids annually excel - only 2nd to Mauritus - with South Africa distant

Yale Director for Africa “Kenyans continue to hold the largest share of admissions to Yale from Africa, which shows the premium the country puts on quality education.” Data from Yale University provided information on the admission rates of African students with Kenyans taking the biggest slice of the pie with 24 admissions. Nigerian followed closely in admissions with 23 students, Zimbabwe secured the third spot with 18 admissions and South Africa were in last with 16 admissions.

The articule report Kenya are employed for the first time in such multinational company. yes the CEO. that is impossible down west africa not even ivory coast ( a fully foreing oriented country will take it).

When it comes to the matter of education aborad , You are no where to be found bro. I personally had my education in about three different countries.... statistics presently prove Nigerians lead in sub Saharan Africa on student educating abroad( This include but league in Usa and Oxbridge and its first tiers in UK) . follow closely by Ghana..... You just don't have the money to go for such education....


When it comes to international academician, You need to go check statistics. do you have any recognised figure both in education or science sector that is making wave globally? ... there is reason bank of Ghana governor was recently appointed as the chairman of IMF. guy coming to the international scheme of life . kenya is far backward. statistics from America shows Ghana and Nigeria are holding position in formal sector than Any sub Saharan country from africa.

vaxx2:
There is more opportunities of growth in Ethiopia than any country in east Africa . Tanzania too isn't far fetched if she can improve her literacy record. so many unskilled and unprofessional individual in that country. Many of the formal job are played by foreigners. in honest same thing apply to a kenya . there was a report that a multinational company in Kenya employ kenya citizen for the first time in about decade. and it calls for celebration .

have u been there before? Did u use ur korokoro eyes to witness d emboldened?

All these depiction of opinions as d reality sef.

theenchanter:
have u been there before? Did u use ur korokoro eyes to witness d emboldened?

All these depiction of opinions as d reality sef.

The evidence are available online

rvp2018:
Very slightly - I hope mining and oil is not distorting the wealth - because you know those sectors are not felt by the common Ghanian. Ask Nigerians.

Actually the mining sector may not be felt by the communities that those resources are mined in,
But their contribution helps the national economy which is felt by all Ghanaians.

so i can say that the mining sector is felt by all Ghanaians

1) The company you read is Safaricom - 12Billion dollars BEHEMOTH - that is worth all listed Ghana companies. Dangote Grp is worth 11B dollars. Safaricom revenues approaching 3B dollars...and it pay taxes & dividend now approaching 1B dollars.

2) Education - I don't know where Ghana leads - but Kenya was leading in student numbers in US & UK - until we started fixing our universities last decade.

3) You ignorance of anything outside Nigeria & Ghana is very transparent.

vaxx2:
The articule report Kenya are employed for the first time in such multinational company. yes the CEO. that is impossible down west africa not even ivory coast ( a fully foreing oriented country will take it).

When it comes to the matter of education aborad , You are no where to be found bro. I personally had my education in about three different countries.... statistics presently prove Nigerians lead in sub Saharan Africa on student educating abroad( This include but league in Usa and Oxbridge and its first tiers in UK) . follow closely by Ghana..... You just don't have the money to go for such education....


When it comes to international academician, You need to go check statistics. do you have any recognised figure both in education or science sector that is making wave globally? ... there is reason bank of Ghana governor was recently appointed as the chairman of IMF. guy coming to the international scheme of life . kenya is far backward. statistics from America shows Ghana and Nigeria are holding position in formal sector than Any sub Saharan country from africa.

rvp2018:
Just30,

Ghana aggressively re-based as it was put into IMF 'emergency' room after getting into debt spiral & currency devaluation.

For the second time in less than 10 years Ghana’s GDP has seen a huge increase as a result of a change in the base year used in the calculation.
https://www.ceditalk.com/2018/10/ghanas-rebased-gdp-explained/

In 2010, the base year used for Ghana’s GDP calculation was changed from 1993 to 2006. The country’s GDP jumped by 60% and the services sector was recognized as the largest contributor to GDP, replacing Agriculture. The recent change of the base year from 2006 to 2013 has resulted in a 24.6% jump in GDP to GH¢256 billion.

Guy stop being stupid . how can you be quoting blogs as evidence. Are you mad ? no one is an illiterate here

The basic rules of sound argumentation. If you dispute my source - bring another more credible source. I am surprised you went to 3 universities and never got the basic of right thinking humanbeing...were you that dense?

I know for a fact Ghana re-based aggressively -esp the 2018 one was just curious - because they had re-based with everyone around 2012/2014 - when Nigerian suddenly became 500B dollar behemoth.

Why would Ghana be in hurry to re-base without any significant data like census or major HH - apart from gov desperation to get out of IMF emergency facility -

vaxx2:
Guy stip being stupid . how can you be quoting blogs as evidence. Are you mad ? no one is an illiterate here

vaxx2:
The evidence are available online

some things are better heard from d people in order to get d right information..... not through d internet.

Problemkid1:
Accra is not developed than Dar es salaam. Dar es salaam is far more developed than Accra. Brows it and see.

accra that is a shithole.. take this ghanians serious at you own peril...

rvp2018:
1) The company you read is Safaricom - 12Billion dollars BEHEMOTH - that is worth all listed Ghana companies. Dangote Grp is worth 11B dollars.

2) Education - I don't know where Ghana leads - but Kenya was leading in student numbers in US & UK - until we started fixing our universities last decade.

3) You ignorance of anything outside Nigeria & Ghana is very transparent.

1 You see why i called you an idiot. how can a 12 billion dollar worth be more than listed Ghana companies. how much is the total value of kenya stock exchange. Ghana currently have in excess of 25 billion dollar and more


2. I repeat stastical available shows that you are highly ignorant when it comes to matter of educating in both ivy leagues and Oxbridge. kenya are no where to be found. I will not spoon feed you . but anybody can go online to dispute me.


3. Your level of education is highly pseudo. you don't based conclusion on blogs like a road side economics . I am gonna correct that your pseudo revenue claim as soon as I get home