vaxx2:
I am not going to waste my time on the meaningless joke . the kind of infrastructure happen in tema harbour don't even work in mombasa the eastern Africa biggest port.. .


https://www.youtube.com/watch?v=0ViNaO1bhSE



This is Ghana port office again....



let's talk on another thing. you guys don't have hospital , you don't even have ports ....what do you want talk about again. we can do airport



Do you know what 2.3 billion dollar worth of investment will bring ?

I posted a gov hospital u called it Private. When we gave u proof,u changed and shout" u guys have no hospitals "
Below is a hospital u said a private while is gov hospital in Pemba.
I wish u can show me where your cement consumptions goes

Problemkid1:
Sharaaaap dying to visit which Kenya that complete shitthol for all countries in the world it is Kenya funny kiberan

yeap it happens...am tempted to think you might try...

mtisTheQubit:

Look dude you cant hide hunger ....just look at Nigerians dying to to visit Kenya...there is a reason for that...an please its not an adventure to die while trying to visit foreign countries..its a struggle..

Nigerians are many in North Korea, Eritrea and host of other hostile countries. Nothing special in visiting Kenya. In fact I have a friend who visited Kenya for the wildlife experience and he back fulfilled because your wild life was amazing
Including watching Kenya's perform like animals.

Nigerians naturally love to go places, we love to explore other Countries. Few years ago I was broke and still a teenager yet visited more than 7 West African countries before returning home to horn my skills.
Traveling they say is part of education.
Don't blame me for poverty that makes Kenyans stick their asses down even when it's burning

CEDIS will not be appreciating anytime soon - it has depreciated what 5000% since 2008. That right there is crazy. Kenya has deprecated by around 70 to 100shs in the same period...about 30%.

CEDIS is on a free-fall - no amount of denial - will help it. It didn't help previously until you got tired of the ZEROS.... and decided to peg it to a dollar...now the zeros are getting added back.

Free -floating currency doesn't mean it depreciate that serious. USD versus British Pound or Euro plays within a very small margin.

Just30:
It is predictable and stable because it is controled the market forces
so everyone can forecast and know when it will appreciate and when it will depreciate.

They only reason why trade surplus hasnt kicked in to the benefit of the Cedis is because
a lot of other legacy issues have to be resolved first

Problemkid1:
Why the fvck should we compare our almighty country with your zoo first clear the poverty In your zoo before you can talk to the giant

Yeah few countries can compare to Kenya which is Somalia and Sudan

You know you folks share alot with somali an Sudan.... just saying..

Problemkid1:
He's in London doing international business while you're here fooling yourself buhari don't give a fvck about this shitty continent. They contribute nothing to our economy

He is not a businessman. He is hiding from Nigeria and his responsibilities.

rvp2018:
Historical because Cedis has bad history as far exchanging with dollar. So importers, foreign companies and even regular Ghanians do not trust it. Just admit.

You import more of what? In Kenya we import mostly machinery, oil, equipment, cars - not Chinese trinkets - because we manufacture a lot of stuff internally.

TZ and Uganda export very bad quality food - of very little value to us - most Kenyans long abandoned maize, beans, cassava - and such for highly yielding horticultural, fruits, nuts, and dairy.

None of what you're predicting has ever happened to kenya or is about to happen. Turkey was sunk by the US of A. Our debt servicing ratio has always hovered around 30%.

In short Kenya macro-economics have always been STRONG.

Stop decieving yourself...ayou are an import dependent nation with a secret valueless currency....just say the word Kenya is a zoo

mtisTheQubit:

Really...the world would disagree with that...

Old news come up with something new

Meanwhile only in shitthol kenya. The Capital ZOO

mtisTheQubit:

Really...the world would disagree with that...

well I really don't comment on a flawed statistics, Nigerians I know ain't poor, if countries like Chad, Somalia Niger, Kenya, Mali, India can be excused from holding that position even with lower HDI don't you think something is wrong

mtisTheQubit:

Really...the world would disagree with that...

The world will also tell you your GDP per capita is meager.. nothing near nigeria

gallivant:


He is not a businessman. He is hiding from Nigeria and his responsibilities.

Sharaaaap and fvcked off, you silly pant

pacretus:
well I really don't comment on a flawed statistics, Nigerians I know ain't poor, of a country like Chad, Somalia Niger, Kenya, Mali, India can be excused from holding that position even with lower HDI don't you think something is wrong

Don't answer him too much..he is trying to distract you from join vaxx's discussion..They are too paranoid..

Let him show you both countries GDP per capita to know which is poorer

rvp2018:
How can inflation be capped I think economics is not your strongest point. Kenya has not had any serious problem like Ghana. You're just barely out of IMF emergency programme. because you were defaulting on your debt obligation. You are re-basing aggressively as credit agencies and euro-bond interest hammer you.

We spend about 30% of our budget to re-pay debt and we borrow about 30%. It called debt re-financing. Once our revenues grow - we will start debt leveraging - borrowing more than we repay.

It's not even 3yrs when IMF came to bail you out - because despite the so called 8% fake growth rate - your fundamentals are a mess. At least everyone can see Ethiopia growth is real. Yours - outside - Oil & Minning - IS NON-EXISTENT.

You have not had a serious inflation problem because you have capped inflation and this is a reason why growth is stagnating.

yes Ghana went to IMF through an IMF programme to be able to resolve an investor confidence problem that resulted from our energy crisis.
This is what a transparent economy means and not because Ghana was even close to defaulting because we never came close to defaulting.

Credit agencies are busy giving the Ghana economy a positive outlook.


You are using once your revenue grows as if your revenue is going to grow anytime soon
your economy has not expanded in real terms and value.
This is why purchasing power is contracting and real estate is contracting.

do you want to wait till tourism starts contracting before you realise you have a major problem?
Currently, you have hit a threshold whereby you revenue cannot support debt repayment any longer.

so you are borrowing to pay old debts, in order to be able to do this
you have increased your debt threshold from 50% to 86% or 100%

meaning you are becoming another Greece

Kazikazi:
Our sgr will be the longest in Africa.We will connect first,Rwanda,then DRC and Burundi and probably Uganda. That won't be complete today.but fist phase will be done on march or April next year.

We will still be here in March or April next year when again you will claim 2021 is the year.

samorobo:


Gbam....That is a foolish act

it doesnt work


at least Venezuela is there for everyone to learn from

mtisTheQubit:

yeap it happens...am tempted to think you might try...

In your dead dreams I don't travel out of the country. I only travel Inside the country so Fvck off with your capital Zoo country

pacretus:
Nigerians are many in North Korea, Eritrea and host of other hostile countries. Nothing special in visiting Kenya. In fact I have a friend who visited Kenya for the wildlife experience and he back fulfilled because your wild life was amazing
Including watching Kenya's perform like animals.

Nigerians naturally love to go places, we love to explore other Countries. Few years ago I was broke and still a teenager yet visited more than 7 West African countries before returning home to horn my skills.
Traveling they say is part of education.
Don't blame me for poverty that makes Kenyans stick their asses down even when it's burning

Explore what you poor souls..sh.it ya the poverty capita of the world an ya bragging here...You are drowning while trying to reach Europe...is that what you call adventure..take a flight if you are loaded...we not stupid you know

mtisTheQubit:

You know you folks share alot with somali an Sudan.... just saying..

We don't share alots. Kenya do. Those are your mate's. You guys even look alike

Problemkid1:
In your dead dreams I don't travel out of the country. I only travel Inside the country so Fvck off with your capital Zoo country

my apologies..i though ya one of ths yahoo yahoo boys..a certain nigga here called you out.. my bad

Problemkid1:
We don't share alots. Kenya do. Those are your mate's. You guys even look alike

I might agree we got somalis in Kenya an Sudanese in kenya also...but you guys are much poorer than the somais an sudanese...on a light note i heard baba comes from Sudan..is it true..

Problemkid1:
That's it na so that we can be eating more beef meat baba is busy traveling to different countries like Russia, China and London for international business to make our economy stronger while your government is busy borrowing money to pay more debts. shameless ZOO

Baba cant travel and he's too weak to make your economy stronger.

The more we debate - the more I realize just how light weight you're in these stuff.

Let stick to facts - not our wishes like Kenya will become GREECE. Facts as of today.

1) Ghana is still under IMF BAIL OUT PROGRAMME.
2)This is GHANA 16th IMF BAIL OUT PROGRAMME. You're only independent in paper.
3) CEDIS is annually deteriorating. Next year you can bet 6 CEDIS to a dollar.
4) Don't talk about debt management when you ran still under IMF BAIL OUT.

In short the more we examine Ghana - the more we realize the rosy story is actually fake.

Just30:
You have not had a serious inflation problem because you have capped inflation and this is a reason why growth is stagnating.

yes Ghana went to IMF through an IMF programme to be able to resolve an investor confidence problem that resulted from our energy crisis.
This is what a transparent economy means and not because Ghana was even close to defaulting because we never came close to defaulting.

Credit agencies are busy giving the Ghana economy a positive outlook.


You are using once your revenue grows as if your revenue is going to grow anytime soon
your economy has not expanded in real terms and value.
This is why purchasing power is contracting and real estate is contracting.

do you want to wait till tourism starts contracting before you realise you have a major problem?
Currently, you have hit a threshold whereby you revenue cannot support debt repayment any longer.

so you are borrowing to pay old debts, in order to be able to do this
you have increased your debt threshold from 50% to 86% or 100%

meaning you are becoming another Greece

mtisTheQubit:

my apologies..i though ya one of ths yahoo yahoo boys..a certain nigga here called you out.. my bad

rvp2018:
Where is evidence that we borrow USD to defend Kshs position? Kenya economy is well diversified and sophisticated for it's level. Our source of Forex goes beyond selling oil or aluminium or waiting for remittance from relative abroad like your primitive underdeveloped economy in Accra Ghana.

We have so many source of forex - and that is what make Kshs very strong. For example - UN offices in Nairobi - probably contribute 1B dollars. NGOs HQed in Nairobi and working all over East Africa probably bring another 1B dollars - Oxfam for example Global HQ is now in Nairobi. Tourist bring about 2B dollars. So that 11B trade deficit is alreay nearly half-plugged. Remittance bring in another 3B. Now before factor kenya very strong private sector running the show as down as South Africa, as far east as Congo and north as Sudan...all bring in forex. Before you factor capital flight from the entire region - who see Nairobi very developed financial market - and very open forex market - before you add Nairobi Stock exchange - and before you add all many FDIS - most of them through private equity funds.

In short debt is not source of forex - because we borrow as much as we repay. Zero sum game.

CEDIS problem is simple - forex leave as soon as it get to Ghana because nobody can trust such a fickle currency.

Your 60 plus billion dollars debt that hasn't created any expansion in your economy is an indication that all those loans where used to support your currency.
You've built a freight train but there are no production capacity in Kenya so no freight to be carried to the port.
the aim of the port expansion you are carrying out is to encourage import rather than export.

this is seudo economics

Just30:
You need to learn how central banks work to create money.

Every MOU they sign is a debt.

Word.

mtisTheQubit:

I might agree we got somalis in Kenya an Sudanese in kenya also...but you guys are much poorer than the somais an sudanese...on a light note i heard baba comes from Sudan..is it true..

But no one is starving and renting out their wives for prostitution because of poverty in this 21 century in NIGERIA only in ZOO Kenya

rvp2018:
Historical because Cedis has bad history as far exchanging with dollar. So importers, foreign companies and even regular Ghanians do not trust it. Just admit.

You import more of what? In Kenya we import mostly machinery, oil, equipment, cars - not Chinese trinkets - because we manufacture a lot of stuff internally.

TZ and Uganda export very bad quality food - of very little value to us - most Kenyans long abandoned maize, beans, cassava - and such for highly yielding horticultural, fruits, nuts, and dairy.

None of what you're predicting has ever happened to kenya or is about to happen. Turkey was sunk by the US of A. Our debt servicing ratio has always hovered around 30%.

In short Kenya macro-economics have always been STRONG.

At indepence, only few country can claim is richer than Ghana that was when gold value was very high and dollars hasn't become the major reserve currency. not even Nigeria was richer than Ghana. so where comes the historical untrust of the cedis. what causes dollarization is simply trade. Ghana do much more import per head than kenya and Tanzania in combine . you can imagine the pressure on dollar by buisness men...

Ghana import more of machines and cement product. that is hard currency ( Ghana so has a lot of cliniker which is yet to be tapped).most of what you Kenyans are largely importing are food . food is taking a larger chunk of your forex.

I just repeat TZ makes more money on export than you guys and this is largely blame on your overvalued currency.

And the astonishing part of your economy is the attitude of using debt to pay debt . what a mess of an economy? your country is using the money it has borrowed to repay another debt, no new wealth is been created, which is causing your credit rating to fall

This is the reasons investors are demanding a higher interest rate to compensate for their risk since they know they will lose their money.

Kenya dept is costlier to repay ...your economy is in the hands of bad management .

Just30:
it doesnt work


at least Venezuela is there for everyone to learn from

And the funny thing is that the debt keeps growing while adding more to the previous one....

Rvp and you have the hits to say Nigeria borrow to pay salaries when you borrow to pay old debt...like this is super insane.

TayserMahri:



Baba cant travel and he's too weak to make your economy stronger.

But our economy is now getting stronger just wait by 2020 or 2021 and see how our economy will become stronger buhari is not drunkard uhuru who borrowed money to pay dept chaii

rvp2018:
CBK doesn't create USD. They create LOCAL money. USD is created by US's FED . If Central Bank of Ghana had a way - they would have created USD - to keep CEDIS from falling like a thud.

The central bank has a way

that is why they have increased their pressure on commercial banks to offer credit lines to companies who are doing import substitutions

The more I research Ghana the more I am perturbed.

"For the 16th time since the 1960s, Ghana is wrapping up a financial bailout from the International Monetary Fund and stepping away from the lender’s oversight. Now, it’s up to one of Africa’s perennial overspenders to show that it can stick to a budget."

Now you talk about Kenya. Kenya economy has grown to 100B dollars - with on average 6% growth - with all macro-economic very very stable.

Our SGR is firing on all cylinders....check the numbers again. It was built in record 3yrs and in 2nd year of operation it's nearly breaking eve.

Well anyway it rich coming from Ghanian to teach us economic when for 16th Times IMF Has had to Bail out.

Is it because you began with Kwame Nkurmah as communist experiment gone wrong?

You've reached your free article limit.
Try 3 months for

Just30:
Your 60 plus billion dollars debt that hasn't created any expansion in your economy is an indication that all those loans where used to support your currency.
You've built a freight train but there are no production capacity in Kenya so no freight to be carried to the port.
the aim of the port expansion you are carrying out is to encourage import rather than export.

this is seudo economics

Problemkid1:
But no one is starving and renting out their wives for prostitution because of poverty in this 21 century in NIGERIA only in ZOO Kenya

Do you even read stories from the zoo..they are depressing...i try as much to avoid the front page of nairaland...you niggas are twisted in a bad way..