Kenya has very good domestic economy. You don't have to export to be vibrant.

samorobo:


Kenyaaa it is economically foolish.

aside tea and coffee nothing leaves the shore of Kenya.

No problem - in the meantime - you're paying power producer 1B dollars. I think recently your refuse to honour your contract and last I heard US gov had come hard on Accra - and suspended the country from it's financing.

US gov swiftly withdrew 190M dollars in grants.
https://gh.usembassy.gov/statement-regarding-the-termination-of-the-private-sector-concession-by-the-govt-of-ghana-under-the-mcc-power-investment/
You better look for where to sell that power. Those take or pay contracts are not easy to wriggle out.

Just30:
let see how Ghana has decided to solve it energy overcapacity
We have built our capacity to supply to as far as Niger.

Ghana is revamping her industrial capacity to gulp power production.

Kazikazi:
When north Korea construct a skyscraper, the west complain.When NK makes Pyongyang cleaner than cities in america,the west complains. Why? Is cleaning a city a propaganda? Is having your own software systems a propaganda?

No but building skyscrapers that no one lives in
in order to look rich and modern whiles 99% of your country does not have electricity is

rvp2018:
5.6% is slow down from 6.1% last year.

And that is because of weather factor/climate change which affected your agricultural sector....few point below shouldn't cause that massive change...5.6% is still very healthy......

Go check something is fishy in that GDP of your..The earlier you question it the better for yoy

Kazikazi:
When north Korea construct a skyscraper, the west complain.When NK makes Pyongyang cleaner than cities in america,the west complains. Why? Is cleaning a city a propaganda? Is having your own software systems a propaganda?

Great, the fool thinks North Korea is the epitome of an ideal society.

rvp2018:
Kenya has very good domestic economy. You don't have to export to be vibrant.

Then what is the purpose of importing this machineries if it won't meet export target.

gallivant:


I see the lack of creativity and stubborn communist tendencies. So basically, true to your lazy selfs, just nationalized Acacia Mining assets and claimed you formed a new company? It will fail woefully just like Air Tanzania.

People don't sleep well because of nightmares from Air Tz.December, we r launching London route with a brand new Boeing dreamliner.Most pain is waiting you. Am telling u,only Ethiopian airlines can give us a run for our monies

TayserMahri:


Whats the latest growth rate? still in the 1 % range

Ok, now imagine sickly Bubu and Uhuru in the boxing ring

That's why buhari is traveling to do international business so that our country economy will become stronger

Compare buhari with drunkard uhuru is an insult to the world

We rather import machineries than chinese finished goods or re-badged goods. We use the machine for what you can call import-substitution.

samorobo:


Then what is the purpose of importing this machineries if it won't meet export target.

The Tanzanian authorities have reversed a decision to disqualify many opposition candidates from local elections on 24 November.

Minister of State Selemani Jafo said leniency would be shown to allow previously barred candidates to stand.

A number had been told they would not be allowed to take part due to spelling mistakes and other errors on official forms.

Several opposition parties - including the biggest, Chadema - had announced that they would boycott the local elections, condemning them as a mockery of the democratic process.


Kazikazi, you got company from Kenya of the past Reminds me Kenya of the 90s

Mr Matiba could not sign the petition since he had lost the use of his right hand and could not read as a result of a stroke he suffered in Kamiti Prison, where he was detained without trial by President Moi for calling for the re-introduction of multi-party politics.
When the matter of the signature was heard, the High Court reasoned that the law was clear that Mr Matiba ought to have signed the petition “in person” and that ended his petition.

rvp2018:
Debt-refinancing is use by many countries including US and China right now as you speak. US for example don't pay debt with cold hard cash - they mostly borrow more - or refinance or rollover debt.

That leave you with revenues that you collected to be used to pay salaries, recurrent expenditure and spare some for some capital expenditure or development.

except you are not the US
The US print dollars and their sole ability to print dollars is the destruction to themselves that they keep pushing back.

The US can easily repay t debt but it will come with enough pain that will see them lose their self-esteem

This is what they cant afford.

mtisTheQubit:

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..

What about the terrible news we see in Kenya

Just search the most dangerous countries to Live in Africa and see the results by yourself

Just30:


No but building skyscrapers that no one lives in
in order to look rich and modern whiles 99% of your country does not have electricity is

Yes,if they build a skyscrapers and leave them unoccupied, that is madness. But how can we prove it is unoccupied? Is it not the propaganda of the west which say the skyscrapers are unoccupied?

rvp2018:
Let me summarize. IMF bailout are bad news. You should avoid it by managing your macro-economics better. Macro-economics - stable currency, low single digit inflation, low interest,etc

Your electricity sector is worse than kenya - you sign even more lopsided 'take or pay' contracts with power producers - and you're losing 1B dollars in excess capacity annual. You consume 3000MW with whooping 2000MW idle. At least in Kenya we stopped in time - we now have idle 1000mw. Tanzania and Ethiopia are about to face the music - of excess capacity.

Kenya we long turned the corner - we are nailing our challenges one by one - very soon Ghana will be back on their 18th IMF bailout as we become a middle class country.

You country is one huge pendulum swinging wildly - one minute growing at 1% - next 8% - fix that - fix the macro-economics - and maybe mayabe you can be taken seriously.

let me be frank with you.. ...Your economy is really a mess , your credit rating is falling , investors are scared of investing, banks are scared to credit private investors. what a political jamboree of economy mess is happening under your goverment...

The IMF hold the view that when countries spend their way into near bankruptcy and excessive borrowing, the only way out is to spend less. what is wrong in that ? Ghana has for the past 8 months exit IMF bailout . and since then economy has ballon , over one hundered thousand graduate have been placed on monthly allowance while placing over 10,000 of them in permanent job.


in Ghana, we pay teachers and nurses on trainning and automatic job await them after they complete their studies. we aren't kenya , we borrow to managed economy and for social development , we don't borrow to pay debt . even my 100 years old grandma in the village knows this level of governance is illogical , how much more those who call themselves economist and professional who managed your overvalued economy that is purely massage by your goverment...

Ghana has revoked many licences . go update your news ,the goverment have taken back the system, the govermwnt was even bold enough to reject American aid which comes annually for the support of energy. is in excess of 190 million dollars . America threaten Ghana to stop the PDS termination and and Ghana accept the challenge.. The energy sector is seriously under cleansing....we are a big energy nation.... the electricity company is worth over 3 billion dollars. so the challenges of settling deals is not a biggy, We even generate excess gas ...... ones the one district one factory initiative fully materialized and the bauxite refinery takes effect . everything will function back to normal ..



Ghana economy growth has been on steady growth for the past three years . we once grow at 14 percent. that is impossible on kenya.....

Kazikazi:
People don't sleep well because of nightmares from Air Tz.December, we r launching London route with a brand new Boeing dreamliner.Most pain is waiting you. Am telling u,only Ethiopian airlines can give us a run for our monies

You want to bet on that? $50 or just 3billion Tshs.

You're illiterate who has never heard of debt re-financing and whose country is busy loading commercial loans. Kenya is mostly retiring expensive commercial loans for cheap long tenured loans.

That is why you huge hit from interest...and kenya doesn't.

Quality of loans you take matters.

Kazikazi:
That's funny.All loans has interest.In a long run,that won't be sustainable. The interest from loans will pile up until they won't have any one to trust to give loans

rvp2018:
Don't console yourself IMF bailout is what Greece went through. It basically mean you're about to default and spread your sickness to global financial system. IMF was formed for exactly that reason. World Bank is for development. IMF is to police bad boys like Ghana who cannot manage their finance - and so they arrive in Accra - and run your country until you sort your issues.

What is IMF bailout?
A bailout is a colloquial term for the provision of financial help to a corporation or country which otherwise would be on the brink of failure or bankruptcy. ... A bailout can, but does not necessarily, avoid an insolvency process.

lies

IMF was formed to solve balance of payment issues.

And Ghana didnt go to IMF because it had or was close to having balance of payment issues.
Ghana went because of credit ratings continuous downgrade because of confidence issues with the managers of the economy.

Kazikazi:
Yes,if they build a skyscrapers and leave them unoccupied, that is madness. But how can we prove it is unoccupied? Is it not the propaganda of the west which say the skyscrapers are unoccupied?

The only propaganda here is yours kazibure. Tell us again how you formed a new company called Twiga mining..it was a funny story.

vaxx2:
I still maintain it is better to seek for IMF bail out than using debt to service debt . what a mess.


Rvp only want us to exposed kenya the more and that is interesting......

Pls do , it's been interesting and educative so far

samorobo:



You didn't reply me based on what I said....Answer my question..why do all those things have to happen when your economy is supposedly growing at 5.6%...Something is cooking somewhere.. ask kenyatta

any economy with a birth rate of 2.5% and above

does not have the luxury of time to be growing at a meagre 5%.
the least it should be doing is 7% else the problems will pop up like cancer

When is IMF bailout team landing in Nairobi from Accra
And fail to honor an international contract has very serious implication - don't do it.
IMF will be back in Ghana soon....CEDIS is not getting any better.

I think Kenya does a better job in social spending and investment than Ghana. Your grandmother if she was in kenya get paid and health insured.

I think only thing you got going for you is minning and oil sector.

But we know from Nigeria - that can as well turn out to be an albatross on your economy.

vaxx2:
let me be frank with you.. ...Your economy is really a mess , your credit rating is falling , investors are scared of investing, banks are scared to credit private investors. what a political jamboree of economy mess is happening under your goverment...

The IMF hold the view that when countries spend their way into near bankruptcy and excessive borrowing, the only way out is to spend less. what is wrong in that ? Ghana has for the past 8 months exit IMF bailout . and since then economy has ballon , over one hundered thousand graduate have been placed on monthly allowance while placing over 10,000 of them in permanent job.


in Ghana, we pay teachers and nurses on trainning and automatic job await them after they complete theor studies. we aren't kenya , we borrow to managed economy and for social development , we don't borrow to pay debt . even my 100 years old grandma in the village knows this level of governance is illogical , how much more those who call themselves economist and professional who managed your overvalued economy that is purely massage by your goverment...

Ghana has revoked many licences . go update your news ,the goverment have taken back the system, the govermwnt was even bold enough to reject American aid which comes annually for the support of energy. is in excess of 190 million dollars . America threaten Ghana to stop the aid and Ghana accept the challenge.. The energy sector is seriously under cleansing....we are a big energy nation.... the electricity company is worth over 3 billion dollars. so the challenges of settling deals is not a biggy, We even generate excess gas ...... ones the one district one factory initiative fully materialized and the bauxite refinery takes effect . everything will function back to normal ..



Ghana economy growth has been on steady growth for the past three years . we once grow at 14 percent. that is impossible on kenya.....

samorobo:


Pls do , it's been interesting and educative so far

Clearly, much better than Quora.

TayserMahri:
The Tanzanian authorities have reversed a decision to disqualify many opposition candidates from local elections on 24 November.

Minister of State Selemani Jafo said leniency would be shown to allow previously barred candidates to stand.

A number had been told they would not be allowed to take part due to spelling mistakes and other errors on official forms.

Several opposition parties - including the biggest, Chadema - had announced that they would boycott the local elections, condemning them as a mockery of the democratic process.


Kazikazi, you got company from Kenya of the past Reminds me Kenya of the 90s

Mr Matiba could not sign the petition since he had lost the use of his right hand and could not read as a result of a stroke he suffered in Kamiti Prison, where he was detained without trial by President Moi for calling for the re-introduction of multi-party politics.
When the matter of the signature was heard, the High Court reasoned that the law was clear that Mr Matiba ought to have signed the petition “in person” and that ended his petition.

The opposition in Tz is just dumb.For ages,they keep repeating same stuff expecting different results. You can't compete with CCM with a current constitution. Opposition parties need to cry for a new constitution than mourning when mistreated on each polls.Otherwise, they should accept defeat and join Ccm and form a one party system

Problemkid1:
That's why buhari is traveling to do international business so that our country economy will become stronger

Compare buhari with drunkard uhuru is an insult to the world

bubu cant do international business Does that even make sense to you?

My friend you've gone to IMF for 16th times because you were defaulting or about to default. You can lie to fellow Ghanians - not to us. IMF are not confidence boosters . Heck if anything IMF bailout send very bad signal to everyone.

It call the NEGATIVE FEEDBACK LOOP - that is what ails your country - an endless cycle of IMF bailout - and economic meltdown.

Try get out of it.
[img]https://slideplayer.com/slide/6215026/20/images/6/Breaking+the+negative+feedback+loop.jpg[/img]

Just30:
lies

IMF was formed to solve balance of payment issues.

And Ghana didnt go to IMF because it had or was close to having balance of payment issues.
Ghana went because of credit ratings continuous downgrade because of confidence issues with the managers of the economy.

rvp2018:
Kenya has very good domestic economy. You don't have to export to be vibrant.

yes you have to export to be vibrant

unless you are the one printing the reserves currencies

TayserMahri:


bubu cant do international business Does that even make sense to you?

Lol

Uganda have slashed the rates for the electricity they sell to us almost by a whole half,they are desperate to sell their excess power.When we finish the Suswa line,Western Kenya will begin using our own idle power and we won't need any energy imports.Who would Uganda sell all that idle energy to? The reason as to why we import little energy from Uganda despite us having excess power is that we prefer their cheaper power to the costly thermal plants that serve Western Kenya.

rvp2018:
Let me summarize. IMF bailout are bad news. You should avoid it by managing your macro-economics better. Macro-economics - stable currency, low single digit inflation, low interest,etc

Your electricity sector is worse than kenya - you sign even more lopsided 'take or pay' contracts with power producers - and you're losing 1B dollars in excess capacity annual. You consume 3000MW with whooping 2000MW idle. At least in Kenya we stopped in time - we now have idle 1000mw. Tanzania and Ethiopia are about to face the music - of excess capacity.

Kenya we long turned the corner - we are nailing our challenges one by one - very soon Ghana will be back on their 18th IMF bailout as we become a middle class country.

You country is one huge pendulum swinging wildly - one minute growing at 1% - next 8% - fix that - fix the macro-economics - and maybe mayabe you can be taken seriously.

Kazikazi:
The opposition in Tz is just dumb.For ages,they keep repeating same stuff expecting different results. You can't compete with CCM with a current constitution. Opposition parties need to cry for a new constitution than mourning when mistreated on each polls.Otherwise, they should accept defeat and join Ccm and form a one party system

What did you say when we got a new constitution? Am I right to say we are almost always ahead of you Respect your elders. A man on the ground sees further than a boy on a tree

rvp2018:
No problem - in the meantime - you're paying power producer 1B dollars. I think recently your refuse to honour your contract and last I heard US gov had come hard on Accra - and suspended the country from it's financing.

US gov swiftly withdrew 190M dollars in grants.
https://gh.usembassy.gov/statement-regarding-the-termination-of-the-private-sector-concession-by-the-govt-of-ghana-under-the-mcc-power-investment/
You better look for where to sell that power. Those take or pay contracts are not easy to wriggle out.

the US government helped in creating a ponzi company that wanted to steal a company of Ghana worth more than 3 billion dollars without any financial backing.
The Ghanaian government found out and cancel the contract in the interest of Ghana.

The US can keep it money, Ghana is creditworthy to borrow from China to help expand the capacity of ECG.
Infact, a simply listing of ECG on the Ghana stock exchange will solve the problem the company has.

Yes Uganda are adding 600MW in Karuma dam. Ethiopia are also hoping to sell us 400M. We already have 1000MW and more excess coming. Tanzania the laggards are adding 2100MW when they can hardly consume 1,000MW.

Meanwhile Nigeria and South Africa have such a deficit one wishes we can all export to them.

Jonraid:
Uganda have slashed the rates for the electricity they sell to us almost by a whole half,they are desperate to sell their excess power.When we finish the Suswa line,Western Kenya will begin using our own idle power.Who would Uganda sell all that idle energy to?

Kazikazi what happened? Did you run out of marathon jokes already?