samorobo:


Speaking of greenery and some other modern stuff(I hope you notice it) ...Tell me which one looks more modern...By the way this is not Lagos or Abuja but Calabar..

Obiano13:


i must have to keep telling you to stop wasting time with that jobless illiterate he doesnt know what he is saying he is a jobless who wakes up from morning to night doing nothing.

vaxx2:
You can't use your 2/4 road side economics dealing with me. I will tear you apart. you should know by now.

I forwarded two credible information right down to your skulls and you stubbornly grasping at dangote report as if he is the authority figure in Ghana... the authority have spoken and this is the report again ..... Ghana isn't comparable not to ethiopia talkless of kenya ... check the link again and help your life ...

.. http://citibusinessnews.com/

. so your last adminsrative does not know it is their proper economy management that will improve the interest rate not artificial policy ?Goverment supposed to be proactive not emotional. emotional does not work in governance, what work is diligent discipline of economy, your useless and lazy policy cap cut private-sector loan growth because your banking have avoided lending to customers deemed as risky, including the small and medium-sized businesses as well as individuals who borrow for consumption can't even access credit. interest rate is governed by what the cash you have in reserves , goverment fund and as well transparency in loan and mortgaged of the banks. this is largely influence by sound economy management. no parliamentarian policy can work here ...

[oh God , just shot up. Ghana MPR is at 16 percent , our inflation is seriously under control,The central bank’s focus on building external buffers going into billions of dollars ....this will directly stabilized the interest rate as the move to stabilized is going forward economically and not thru parliament control.



Don't bring your pure madness here. Average bank lending rate in Ghana has fallen significantly from 31.7 per cent in 2016 to 24 per cent in 2019.

improvement in macroeconomic environments alone don't not bring interest rates down; there are many other structural factors in financial system that are causing high interest rates.that is what your goverment failed to consider. it isn't about sustaining macroeconomic stability, it is about removing those structural bottlenecks which is not the economics doing but a result of traditional fundamentals of trading in hard currency....



stop lying , Ghana lending rate is at 24 percent. and Ghana recently recapitalization of the banking system is expected to bring reform to the industry while contunious robust in treasure bill and goverment reserve will bring the interest rate down drastically...

rvp20182:
I want to see more credible data - a bit precise numbers - Kenya cement production & consumption I have figures for that in my finger tips - right from 2002 when we were doing 2M metrics tonnes - we were 6.7M production in 2016 - and were growing at about 0.7M annually - then we had interest rate capping - and the banking sector refused to lend to real estate - because 13% interest rate --- and construction industry has sturred since - cement production & consumption went down - and two cement companies are actually belly up.

If it wasn't for interest capping - Kenya cement production and consumption - would be about 10-12M metric tonnes - nearly twice Ghana (6M).

Now that interest rate capping has been done away with - Kenyan banks are back to hawking loans on the streets.
https://www.businessdailyafrica.com/markets/marketnews/banks-begin-marketing-loans-to-customers/3815534-5347070-1q3edaz/index.html

So expect our cement production and consumption to ratchet up and surpass Ghana - as real estate and construction industry that had been outprized from credit market recovers.

Just30:
so you finally accepted you are not up to Ghana consumption level

Good luck doubling your cement consumption to reach Ghana's level

rvp20182:
Let me ignore the cheap potshots and see if there is any substance here.

1) We don't yet have Ghana cement consumption and production - we have wild figures. I already gave on both of you getting the data. So I will go fishing for them when I have time.

2) I think if Kenya cement consumption and production had not sturred after rate capping - it certainly would have shot past 10m - would have been around 12m by now. It was nearly 7M in 2016 before the interest rate capping and had been rising annually since 2002 from 2m metrics tonnes.

3) Like I told you yesterday - your macro-economics are rather shocking! MPR of 16-18% - average interest of 24-31%.

4) Kenya Interest rate has not been that worse - even before they were capped - the worst Kenya has ever gone in last two decades I think is 19-20%.

5) Finally, I don't see IMF taking a break from managing your economy. Double-Digit Inflation (underlying at 8%). The currency on a free fall. MPR of 16-18%. Show me a country that is NOT at war that has similar economic fundamentals. Maybe Zimbwabwe only.

If Ghana was better managed - it wouldn't have called IMF for a record 16 times to bail it out.

vaxx2:
what nonsense of garbage do you empty down as a post ?

1 if those two credible source i splash on your skull isn't enough , how can I trust your inteligence further? At least judging from the fact that you hide under blog instead of fact. keep fishing ...

2 .. You are so demented to be thinking without data , how can you be thinking irrationally, your interest rate was as a result of your continuous growth in lending rate particularly the poor incentives to lend. which your poor goverment wanted to physically stop .hope you know how your micro economy suffers. your illiterate goverment failed to know nothing will change, neither on the true pricing of loans nor on returns on deposits but may damper ability to borrow. since the risky now become very high. Before the interest was introduced was capped your bank are sluggishly lending , is it when it is capped that lending will flow? investment and capital project are not flowing to your country, thatbis what is striving off your goverment pulse. your reserve is gradually empty when majority of it are used on import instead of capital investment. salaries consumed most of your budget. all this are the thru risk to your economy palaver . and the further reason your cement consumption rate is shrinking.. Ghana on the order hand continue to receive high volume of investment both in energy, Agriculture and mining sector. causing lots of dollars to swim into goverment pulse which leads to Ghana ability to strenghten reserve and maintain capital expenditure....this directly leads to Ghana high cement consumption rate.


3 stop lying . Ghana MPR is just at 16 percent while lending rate is at 24 percent . that of kenya is between 19 to 18. which was politically cook and not economically determined .

4 Your economy has been that worst , it is due to that that your goverment blindly cap your interest rate to improve borrowing trends of her citizens....

5 I don't understand why you keep on repeating history, Ghana had once been poorly managed like kenya before, but thanks to prudent governance of 2010, since then, all have become history, your country’s previous credit fercility with IMF is around 1 billion which expired in late 2018 after your government failed to meet the IMF’s conditions for an extension, including the repeal of a cap on commercial lending that the they warn your goverment about. ... maybe once you agree to reduce your continue growing fiscal deficit , just maybe IMF will consider you again as it look like you are calling for them for bail out of your debt to debt triangle....
.

vaxx2:
And some of them will say Accra is not sophisticated. they are looking for skyscraper as their standard of development. it crasy.....

now Ghana is working with Wikipedia, I am sure the nonsensical image of the media will fade away .... the media are largelly blame for this downgrading of Ghana structure ....

how will I have know TZ hospital is still learning? but they keep building offices and estates while their fundamentals is been neglected.....

it seems most African state love cosmetic project

rvp20182:
Can you be at least a little coherent?

I reckon the cement data for Ghana won't be forthcoming - I will do my research and help you soon.

Now banking?

I think govs that succeed are those that embrace policy experimentation. Interest capping was policy experimentation that lasted 3yrs - it was passed by parliament because folks were tired of banks gorging their eyes.

We have had a problem with the banking sector making super-normal profit for like 30yrs. Market forces is great but when you have collusion leading to an oligopolistic banking system then there is a problem.

Anyway, Kenya must continue with banking sector reforms and regulations. I am not sure how advanced or primitive banking in Ghana is - but the interest you're paying is worse than Nigeria.

How Ghanaians are able to thrive with interest rates that is probably the world highest I honestly don't know. Ghana benchmark rate is 16-18%!!!!!!!!!!! - and that means your customer interest rate will be anything 30%

You're worse than Nigeria and are doing nothing about it.

Let me tell you in Kenya we have done many steps - including a functional credit referencing - functional ID system - we have passed collatoral laws - - attempted to have advisory industry base lending rate - we have tried to make access and cost of credit cheap - both for banks and the customers.

Anyway, Kenyans banks are promising to lend at a max of 16% (central bank has also warned them about crossing that redline) - which is your base lending rate . If they go as high as Ghana and start lending us at 30% - we will have to bring back interest capping or something that drastic.

rvp20182:
Ghanaians - These are some example of Nairobi Lounges

1) Humidor

vaxx2:
You can't use your 2/4 road side economics dealing with me. I will tear you apart. you should know by now.


I forwarded two credible information right down to your skulls and you stubbornly grasping at dangote report as if he is the authority figure in Ghana... the authority have spoken and this is the report again ..... Ghana isn't comparable not to ethiopia talkless of kenya ... check the link again and help your life ...

.. http://citibusinessnews.com/

. so your last adminsrative does not know it is their proper economy management that will improve the interest rate not artificial policy ?Goverment supposed to be proactive not emotional. emotional does not work in governance, what work is diligent discipline of economy, your useless and lazy policy cap cut private-sector loan growth because your banking have avoided lending to customers deemed as risky, including the small and medium-sized businesses as well as individuals who borrow for consumption can't even access credit. interest rate is governed by what the cash you have in reserves , goverment fund and as well transparency in loan and mortgaged of the banks. this is largely influence by sound economy management. no parliamentarian policy can work here ...

[oh God , just shot up. Ghana MPR is at 16 percent , our inflation is seriously under control,The central bank’s focus on building external buffers going into billions of dollars ....this will directly stabilized the interest rate as the move to stabilized is going forward economically and not thru parliament control.



Don't bring your pure madness here. Average bank lending rate in Ghana has fallen significantly from 31.7 per cent in 2016 to 24 per cent in 2019.

improvement in macroeconomic environments alone don't not bring interest rates down; there are many other structural factors in financial system that are causing high interest rates.that is what your goverment failed to consider. it isn't about sustaining macroeconomic stability, it is about removing those structural bottlenecks which is not the economics doing but a result of traditional fundamentals of trading in hard currency....



stop lying , Ghana lending rate is at 24 percent. and Ghana recently recapitalization of the banking system is expected to bring reform to the industry while contunious robust in treasure bill and goverment reserve will bring the interest rate down drastically...

vaxx2:
You were too ignorant to know such video is just a limited demonstration of what Abuja is all about . using 3 minute video to judge what Abuja is all about is the madness here....

Just30:
this rant you've been on for days now was simply resolved with the Cement output can consumption levels of both countries.

whiles both Tanzania and Kenya lack behind Nigeria and Ghana in consumption

that single fact basically means both Tanzania and Kenya are underdeveloping compare to Nigeria and Ghana

Acadavah:
IMF October economic outlook Tanzania's gdp 62.22 and growth of 5.2%. Where are those kenyans with their projections of 4%.
https://www.imf.org/external/datamapper/profile/TZA/WEO

rvp20182:
I accept facts. We don't have a choice, do we?. Facts are stubborn things. Once we have at least some credibel cements stats for say 2018 we can continue the debate. We don't need luck - the real estate and construction industry need credit - and they will recover.

rvp20182:
Magufuli is claiming the economy grew by 7%. Stop cooking. IMF are saying 5.2%.

Just30:
when facts stairs you in the face and is against your narrative, you cant seem to accept it

samorobo:
Watching video on Nairobi main CBD(not Westland or upperhill) just thought I should share a screenshot from the beautiful views from the city....hahahaha a whole cbd

Acadavah:
The AfDB said 6.6% are they cooking also?

rvp20182:
Your base insults is not a substitute for a sound argumentation. Try it on someone else - it doesn't work on me. I am laser-focused on facts - always.

1) I gave you kenya cement data - if you can find me something nearly similar - that would be awesome.

2) Spend some time to familiarize yourselve more on kenya economy if you want to argue.

3) Kenya was last like Ghana in btw 1993-1996. It was the worst economic period in Kenya history. That Ghana is there on normal year is shocking. That period of 93-96 took some years to clean up - including firing many civil servants. That period saw Kshs drop from 20shs to a dollar to something like 50-60shs - and as high 70s. Interest rate shot - with MPR at 20-25.

I am not sure if we had IMF bailout - but what I know - Moi lied to IMF for a record 5 times and never really implemented whatever IMF mission wanted in 90s.

https://tradingeconomics.com/kenya/interest-rate - check out 25 yr data series.

4) That period 93-96 saw Kenyans for first time lining up in a long queue to go abroad. I think Kikuyu probably left around that time. That this happens now in West Africa is not surprising. You are living through a horror nearly most of your life.

5) After Kenya kicked out KANU party in 2002 - the country made a turn for the better - and queues literally disappeared - I personally had no reason to go abroad like my previous generation. Kshs grew strong from 70s to highs 60s - and over that period - to now - when many africa currrencies have tumbled over - Kshs have depricates from Kshs 63 to Kshs 100 - possibly one of Africa Strongest performance.

6) Pre rate capping - Kenya MPR was hovering btw 7-9% - and post MPR - it got stuck there - because CBK was trying to help banks. Kenya interest rate pre and post rate capping has never been worse. The average post 2015 - lending rates is around 15%.

7) Kenya has not been in any IMF bailout programme. IMF gave kenya an standby facility of 1.5B dollars during the period when nearly all africa currencies were tumbling down. And we never withdrew even a coin - because Kshs was resilent.

At the time of the inception of support, Fitch-rated African sovereigns under IMF arrangements in 2017 (excluding Kenya, who considered its IMF arrangement precautionary and has not drawn on it)
https://www.ft.com/content/a279ecd6-2908-11e8-b27e-cc62a39d57a0

Please don't tell anybody else about Ghana macro-economics - shush it. They are horrible. Kenya have always had very good macro-economics except for brief period of early 90s - but from 1963 to 2019 - things been very good.

9) Kenya has NEVER ever defaulted. Not even when we had sanctions from west in 90s. Nearly all African countries collapsed at some point but Kenya is one of those rare countries - because we have always had a well-diversified open market non-mineral economy .

Kenya economic resilience is well known - in fact when the west were crashing economies in Africa, toppling gov and installing dictators or military - they never were able to replicate that in Kenya. Kenya has never failed to pay salaries or pensions or meet it's an obligation in it's entire history.

rvp20182:
Tenaciously clutching at the cement straws. This was 2015

Just30:
I told you yesterday that

ECG will be listed on the Ghanaian stock exchange.
If ECG gets listed, the pressure will move to list VRA unto the exchange as well

rvp20182:
I am patient - and I have lots of time - because I am on my vacation.

Cement Industry Ghana.

Ghacem is the country’s largest cement producer -With a 54% market share.
Diamond follows with 33%,
Savannah with 13%.
Dangote 5%?

So basically if we focus on Ghacem - we will know just how big your industry really is.

Ghacem last year sold 56m bags (56*50=2.8M metric tonnes)...and this year they are targetting 60m bags.

arguing will not move your cement consumption from 5 or 6 million to 8 or 8.6 million of Ghana
https://www.globalcement.com/news/item/8675-ghacem-aiming-for-3mt-production-target-in-2019

So we can conclude that Dangote was right - Ghana last year cement consumption ( again I am being generous - not sliced those exported) - was 6M was be tops.

The accurate figure.

54%=2.8m metrics tonnes....100% =5.2m metric tonnes in 2018

Just30:
you are really stubborn oo

how hard must it be for you to accept common facts

you can go back 6 pages for the 2018 figures of Ghana
while Ghana was consuming 5.6 million metric tonnes from 2008 or so


with a steady growth, Ghana consumption has grown to a disputed 8 and 8.6 million metric tonnes in 2018 whiles production is at 15 million

disputing it will not make the figures less true
or you want us to go to 2019 economic data from both countries.

since we both know that, when people become more wealthy, they spend more on luxury homes and cars.

the purchasing power of a Ghanaian is 6300 dollars or so and that of a Kenyan is 3000 dollars.
This is why the cement consumption level of Ghana is double that of Kenya.

arguing it will not make it less true.

vaxx2:
The finance minister just indicate that on the 17 billion dollar.... that will improve the market capitalization of the stick exchange but on VRA.... that will be interesting. Ghana stick exchange will becoming powerful.....

ECG can only be listed if it is privatised I guess . so let's wait and see how goverment is going about privatizing it...

rvp20182:
I am patient - and I have lots of time - because I am on my vacation.

Cement Industry Ghana.

Ghacem is the country’s largest cement producer -With a 54% market share.
Diamond follows with 33%,
Savannah with 13%.
Dangote 5%?

So basically if we focus on Ghacem - we will know just how big your industry really is.

Ghacem last year sold 56m bags (56*50=2.8M metric tonnes)...and this year they are targetting 60m bags.
https://www.globalcement.com/news/item/8675-ghacem-aiming-for-3mt-production-target-in-2019

So we can conclude that Dangote was right - Ghana last year cement consumption ( again I am being generous - not sliced those exported) - was 6M was be tops.

The accurate figure.

54%=2.8m metrics tonnes....100% =5.2m metric tonnes in 2018

vaxx2:
I actually bully idiot ( I mean those who don't use their personal brain but follow mantra like a deluded he goat ....


1 The two factual information I have given to you are objectively verified and you keep on rejecting because dangote assumption says otherwise? even with dangote fact at 6 million consumption rate, the fact keeps telling you on you your face that Ghana isn't kenya mate. the per head diffrence is just too huge , you may need to gulping at 13 million consumption rate before you can meet that .


2... I actually know kenya economy model now and i can give you an informed judgement which we be better credible than you idiot . As an informed mind myself , I only need just a handful of some literature about you economy model. and that will be enough to give me valid judgement .


3. You stupidly don't know one quater of a financial year is enough to turm around economy ? yoir present worrisome economy was what Ghana was facing in early 2000. borrowing to pay debt instead of following a payment plan from the revenue of a nation or on bilateral trade which sound more prudent and better less risky.... Ghana current monitary policy remain at 16 percent and lending rate at 24 percent while yours even at capped was 18. An easy thing for goverment to-do In Ghana but not prudent because of the flaws effect it will have on microeconomics . Kenya case is a typical example .


4. ..Your kenya history of bad economy management is still not diffrence from now, your economy hardly grow above 4 percent which is the same everywhere except for Nigeria, Angola and south Africa . egen at that , your 4 percent growth is not translating into the living standard of kenya . you have barely manage poverty and hunger. You are still a high net importer of food amd at a very high riak of food shortage . you have been identify as emergency nation unlike Ghana, cote devoire, Ethiopia and ruwanda who still maintain 7 percent growth. and directly keep improving the standard living of their people . very soon ruwanda will overtake your position, their HDI is improving sonfast and better than country in east Africa.

5 comparing your massage economy to that of Ghana is laughable..comparing that has its inflation rate fallen from 15.4 percent in December 2016 to 7.6 percent in September 2019, Even the 91-day treasury bill as fallen from 17 percent to 14.7 percent.

On the external front, the trade deficit has improved 1.8 billion in 2016 to a surplus of US$2.6 billion...

About 1.2 million students have been enrolled in SHS because of the free SHS programme and their parents relieved of the burden of fee.

place about 1 hunderd thousand gaduates on temporary opportunities in a work environment and securing about 10, 000 permanent jobs for them .... employing about 55 thousand nurses on permanent job and additional 48 thousand permanent job for the teachers for just 2019 ...bringing unemwployement down to 2 percent. is that what you want to compare with kenya ....


There is reason IMF refused to continue the credit fercility with you? go and learn and you goverment are also on the move to meet them again...hope youbare aware

But enjoy this.......



Ghana achievement on agriculture for the year 2018...


“A total production of 1,505,850mt of cereals and legumes and 405,630mt of vegetables with a total value of GH¢1.55 billion and GH¢3.43 billion respectively was achieved between 2017 and 2018 alone. Yields of targeted crops recorded significant improvements over 2016 levels: maize yield increased by 89 percent from 1.8mt/ha to 3.4mt/ha; rice yield increased by 48 percent from 2.7mt/ha to 4.0mt/ha and soya yield increased by 200 percent from 1mt/ha to 3.0mt/ha.” Minister of finance .....