rvp20182:
For two years you've cooked. Magufuli has the incentive to cook - he is going for re-election. Last year IMF said based on your cooked data - the economy grew by 3.9% - and TZ claimed 7% - and again this year they got called out - and they said they will 'review' the numbers based on IMF recommendations. We know they will only do this on their dead bodies. You cannot cook your way out of economic morass - foreign investors are fleeing the country -

You are deluded. 4% or 3.9% that you say was a IMF projection for this year and up now it has grown by 5.2% against their projection.

Just30:
GOIL is not a private company, ADB is not private

sure , but so the minister be willing to list it without privatizing it. that make more sense to me. additional money to both goverment and citizens

You're only ahead because our real estate has been having some trouble - which are now history. Before 2016 - our cement production & consumption - has been growing at double-digit. Now it's been regressing. In fact we use to do double Tanzania - but the laggards are catching up - as a credit to the housing sector has been basically frozen for 3yrs now.

Therefore we cannot use cement consumption per capita to blindly conclude you're doing better than Kenya.

https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html

Now that issues have been resolved - expect kenya cement production and consumption - to recover and zoom past the laggards.

Of course because our economy is well diversified - a problem in one or two sector - doesn't send us to IMF ICU room.

vaxx2:
Even at 6 million dangote report he claim to agree with . we are still miles ahead of them per head . they need to consume something around 10 million to bear that?

Ridge
Airport city
Lincoln Avenue

I am talking 2018 and 2019. 2018 according to IMF/WB - TZ economy grew by 4.2 or 3.9% - and this year they had projected either of those numbers - while your gov is always claiming a fake 7% growth. Meanwhile, TZ currency has continued to weaken against USD... expect to soon be with Ghana in IMF ICU room. It going to be very expensive and painful for Tanzania because they have nurtured and entertained a dictator.

Acadavah:


You are deluded. 4% or 3.9% that you say was a IMF projection for this year and up now it has grown by 5.2% against their projection.

rvp20182:
Again ignoring the insults, this is long on polemics, and short on facts. Actually now that I checked your cement production was actually about 5.2M metric tonnes. Kenya would be around double that - if it was not for interest rate capping.

Our real estate sector has declined by 20% annually since 2016 (rate capping outprized the industry) - and cement production & has flattened out
https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html

Now regarding Ghana - your economic looks like a war-torn nation - growing 20% this year - and then 1% next year - then you call for IMF bailout - IMF come to Accra and fix it - and you repeat the cycle.

Honestly without your mining and oil industry - GOLD COAST aka Ghana would not be any different from Somalia.

You are making more noise . what causes the introduction of your goverment to cap interest rate? if not poor governance tell me ? You lending pattern as been sluggish for a while now and it is evident in the performance of your micro economics . even your credit rating has suffer set back ....making IMF skeptical of further borrowing you....

Idiot , Ghana economy growth is majorly broad based not entirely oil and minig . Non-oil GDP has increased from 4.6% in 2016 to 6.5% in 2018 and is projected to reach 6.0% in 2019 and 6.7% in 2020. that is our non traditional commodity.

Just30:
Abuja hasnt really grown since the last time i visited before my last week visit. the current expansion of Abuja is happening in it slums

that is how a country develops, not a one city development like you have in Kenya.

Nigeria practices federalism(partially) as such each state develops like a country.

But I think you need to visit Abuja again, you missed Abuja

pacretus:
that is how a country develops, not a one city development like you have in Kenya.

But I think you need to visit Abuja again, you missed Abuja

i was there over the weekend

for Wiki Indiba

Our detractors are waiting for Kenya Airways to die!

African most improved airline of the year in terms of increasing Inter-African connection.

Kenya Airways!

Just30:
i was there over the weekend

for Wiki Indiba

where did you visit?

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 .....

Kenya unemployment rate sits at 40% ...I don't know if you know that..

Jonraid:
Our detractors are waiting for Kenya Airways to die!

African most improved airline of the year in terms of increasing Inter-African connection.

Kenya Airways!

yah. With one aircraft, bravo

rvp20182:
You're only ahead because our real estate has been having some trouble - which are now history. Before 2016 - our cement production & consumption - has been growing at double-digit. Now it's been regressing. In fact we use to do double Tanzania - but the laggards are catching up - as a credit to the housing sector has been basically frozen for 3yrs now.

Therefore we cannot use cement consumption per capita to blindly conclude you're doing better than Kenya.

https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html

Now that issues have been resolved - expect kenya cement production and consumption - to recover and zoom past the laggards.

Of course because our economy is well diversified - a problem in one or two sector - doesn't send us to IMF ICU room.

You keep hiding under interest rate capping as if it is not a flaw from your governance. Your poor lending ratio push up the idea by your parliamentarian to introduce capping .... forgetting the impact on your micro economics performance ..... Per head is a factor in economics, it averagely give a valid judgement opinion on who is doing better . concrete statistics has proven we are doing 8 million in 2018 but you foolishly ignore that and drag up dangote who is just a secondary player in the cement industry in Ghana to form your porous opinion. An act of madness. so economically, per dangote 6 million 2018 data , we are doing far better than kenya ....



Either per head or per consumption, Ghana is miles ahead of you.

I don't think folks who have been bailed out a countless of times by IMF have the moral authority of teaching us economics!

https://www.economist.com/middle-east-and-africa/2019/06/22/after-its-16th-bail-out-ghana-hopes-to-put-the-imf-behind-it

Sirens wailing, a black government car pushes through the traffic, past the beggars and street vendors, up a potholed road. Vehicles like these, the perks of a growing number of political appointees, are a common sight in Accra—and a source of popular outrage. Since Nana Akufo-Addo took office as president in January 2017 the number of government ministers has soared by 42% to 125, each with a car, guards and a taxpayer-funded home.

Outside Ghana Mr Akufo-Addo has been hailed as a hero. When he was sworn in, it was as if he was a passenger in a plummeting aeroplane who had just been handed the controls. His predecessor, John Mahama, had taken a high-flying economy—growth was 17% in 2011 thanks to the first production of oil from its Jubilee Field—and promptly put it into a nose-dive. Under Mr Mahama inflation soared, the economy slowed and public debt ballooned, with much of the borrowed money squandered on higher wages for public employees.

vaxx2:
You are making more noise . what causes the introduction of your goverment to cap interest rate? if not poor governance tell me ? You lending pattern as been sluggish for a while now and it is evident in the performance of your micro economics . even your credit rating has suffer set back ....making IMF skeptical of further borrowing you....

Idiot , Ghana economy growth is majorly broad based not entirely oil and minig . Non-oil GDP has increased from 4.6% in 2016 to 6.5% in 2018 and is projected to reach 6.0% in 2019 and 6.7% in 2020. that is our non traditional commodity.

I see the ratio of insults versus polemic is getting better - but there is still a dearth of facts.

Modern democratic gov like Kenya has
1) Independent parliament - that amended the law introducing interest rate capping after popular demand from citizens.
2) The executive - led by the president - who for expedient reasons (the election was in 2017) did not veto the law despite Treasury advice.
3) Independent institutions like Central Bank of Kenya - who opposed the rate capping - and went to court.
4) Independent Judiciary - that for example annualed 2017 presidential election - 1st in Africa - and also declared the rate capping unconstitutional for interfering with Central Bank mandate to manage the macro-economics of the country- and gave Parliament one year to make the neccesary changes.

Now that rate-capping has been done away - risky sectors like real estate that had been outprized - will now be able to borrow at 16% instead of 13% - and the money will flow again to the sector. We also have huge housing agenda - with intention to build 0.5M housing units.

IMF had two main issues with kenya - rate-capping (history now) - and our GDP to debt (we were pilling debt - deficit bla) - and we are sorting that - because we are no longer leveraging - but mostly debt-refinancing.

We are far from calling for IMF bail out. In fact if IMF gives us the 1.5B dollars - it very unlikely we will ever withdraw it - our economic fundamentals are good.

As regarding to Ghana - what share of minning and oil (extractive industry) in your GDP? Answer without lacing it with insults.

We can be friends you know - this is about Ghana a country - not your mother. So don't personalize it

vaxx2:
You are making more noise . what causes the introduction of your goverment to cap interest rate? if not poor governance tell me ? You lending pattern as been sluggish for a while now and it is evident in the performance of your micro economics . even your credit rating has suffer set back ....making IMF skeptical of further borrowing you....

Idiot , Ghana economy growth is majorly broad based not entirely oil and minig . Non-oil GDP has increased from 4.6% in 2016 to 6.5% in 2018 and is projected to reach 6.0% in 2019 and 6.7% in 2020. that is our non traditional commodity.

I have give you a synopsis of our rate-capping experiment in another reply - as for cement - it's easy - we are talking cement because it's a pretty good indicator of development. So it's a pertinent issue.

My theory is our cement production & consumption tapered off due to interest rate-capping outprizing the real estate & construction from the credit market.

If you get me Ghana's cement consumption and production from say 2008 to 2018 - and we juxtapose them against kenya cement data for the same time period - we can see if my theory is right or wrong.

I am not betting on it. This is probably beyond your paygrade.

vaxx2:
You keep hiding under interest rate capping as if it is not a flaw from your governance. Your poor lending ratio push up the idea by your parliamentarian to introduce capping .... forgetting the impact on your micro economics performance ..... Per head is a factor in economics, it averagely give a valid judgement opinion on who is doing better . concrete statistics has proven we are doing 8 million in 2018 but you foolishly ignore that and drag up dangote who is just a secondary player in the cement industry in Ghana to form your porous opinion. An act of madness. so economically, per dangote 6 million 2018 data , we are doing far better than kenya ....
Either per head or per consumption, Ghana is miles ahead of you.

pacretus:
where did you visit?

Maitama
Asokoro
Gwarimpa
New Karu
i stayed at Fraiser Suites in Utako

pacretus:
that is how a country develops, not a one city development like you have in Kenya.

Nigeria practices federalism(partially) as such each state develops like a country.

But I think you need to visit Abuja again, you missed Abuja

they don't know Abuja very well. Abuja that am in presently. I stay at Asokoro. No city can match Abuja development in Africa

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

You've nailed it! Imagine I've been searching for cement data and can't find it. Also that Economist write up exposed Ghana shockingly! Who'd have thought! Tbh,though their dysfunctions are very peculiar-people rejecting their own currency (WTF!?)

Jonraid:
I don't think folks who have been bailed out a countless of times by IMF have the moral authority of teaching us economics!

https://www.economist.com/middle-east-and-africa/2019/06/22/after-its-16th-bail-out-ghana-hopes-to-put-the-imf-behind-it

Sirens wailing, a black government car pushes through the traffic, past the beggars and street vendors, up a potholed road. Vehicles like these, the perks of a growing number of political appointees, are a common sight in Accra—and a source of popular outrage. Since Nana Akufo-Addo took office as president in January 2017 the number of government ministers has soared by 42% to 125, each with a car, guards and a taxpayer-funded home.

Outside Ghana Mr Akufo-Addo has been hailed as a hero. When he was sworn in, it was as if he was a passenger in a plummeting aeroplane who had just been handed the controls. His predecessor, John Mahama, had taken a high-flying economy—growth was 17% in 2011 thanks to the first production of oil from its Jubilee Field—and promptly put it into a nose-dive. Under Mr Mahama inflation soared, the economy slowed and public debt ballooned, with much of the borrowed money squandered on higher wages for public employees.

IMF Don't manage economy, they give advice instead ..... Your country poor credit rating fercility is a testament of your poor governance. seeking IMF relieves isn't a biggy , but ability to manage the cash . your country was heavily under the high grips of China. you can't continue borrowing from one Paul to pay Peter. it doesn't work that well. IMF understand this and that was the good reason for stopping the credit arrangement with you

Hopefully your Chinese debt case wouldn't bring you to become economy handicapped like Sri Lanka.....

rvp20182:
I have give you a synopsis of our rate-capping experiment in another reply - as for cement - it's easy - we are talking cement because it's a pretty good indicator of development. So it's a pertinent issue.

My theory is our cement production & consumption tapered off due to interest rate-capping outprizing the real estate & construction from the credit market.


If you get me Ghana's cement consumption and production from say 2008 to 2018 - and we juxtapose them against kenya cement data for the same time period - we can see if my theory is right or wrong.

I am not betting on it. This is probably beyond your paygrade.

even cement consumption in Ghana in 2008 was still above yours

I think we bought their progressive story, hook, line and sinker. I didn't realize just how dysfunctional the country is. 16 IMF bailouts. I sort of had clues from Nigerians and I think when Kazibure questioned why their towns look whacky - I got interested to look at the numbers. I must say the more I dig deeper - the less rosy the picture. You cannot have people literally escaping the country like Somalis or Ethiopias - and you hear - they are adventerours or have money for flights

kikuyu1:

You've nailed it! Imagine I've been searching for cement data and can't find it. Also that Economist write up exposed Ghana shockingly! Who'd have thought! Tbh,though their dysfunctions are very peculiar-people rejecting their own currency (WTF!?)

Bring the data. You surely should have such data if you have a serious stats body or country. I can get you kenya cement data series from 1963.

Just30:
even cement consumption in Ghana in 2008 was still above yours

Kenya doesn't have poor ratings. Find us Kenya and Ghana credit rating from Moodys, Fitch, etc. And let us compare.

vaxx2:
IMF Don't manage economy, they give advice instead ..... Your country poor credit rating fercility is a testament of your poor governance. seeking IMF relieves isn't a biggy , but ability to manage the cash . your country was heavily under the high grips of China. you can't continue borrowing from one Paul to pay Peter. it doesn't work that well. IMF understand this and that was the good reason for stopping the credit arrangement with you

Hopefully your Chinese debt case wouldn't bring you to become economy handicapped like Sri Lanka.....

Problemkid1:
they don't know Abuja very well. Abuja that am in presently. I stay at Asokoro. No city can match Abuja development in Africa

i know nigeria very well

kikuyu1:


You've nailed it! Imagine I've been searching for cement data and can't find it. Also that Economist write up exposed Ghana shockingly! Who'd have thought! Tbh,though their dysfunctions are very peculiar-people rejecting their own currency (WTF!?)

what the fuc**k

Ghanaians rejecting their currency
Only in your head.


the only things Ghanaians reject are the small coins that can easily be swallowed.

rvp20182:
Bring the data. You surely should have such data if you have a serious stats body or country. I can get you kenya cement data series from 1963.

https://conference.kstu.edu.gh/index.php/proceedings/article/download/25/22/

page 101

Just30:
i know nigeria very well

Bro see lemme tell you something. Abuja is fvcking developed. Even the kenyans knows that. Let's just keep sentiment aside? No city in West Africa can come close to Abuja in development, not even Lagos! You can ask the Kenyans or Tanzanians they're your friends

Loading... so article quote another Ofiri-Atuahene, 2008. Not super helpful.

It is reported that Ghana’s consumption of Portland cement has risen over the past decade from
2.5 million tons in 2005 to 4.5 million tons in 2009 (Ofiri-Atuahene, 2008).

Just30:
https://conference.kstu.edu.gh/index.php/proceedings/article/download/25/22/

page 101

Problemkid1:
Bro see lemme tell you something. Abuja is fvcking developed. Even the kenyans knows that. Let's just keep sentiment aside? No city in West Africa can come close to Abuja in development, not even Lagos! You can ask the Kenyans or Tanzanians they're your friends

Man leave just30 with his opinion...I believe everyone is entitled to their own opinion...


Meanwhile this discussion has been an eye opener and really educative...I don't want you troubling just30 he needs all his focus and attention for this crucial debate..

1/3 of Ghana deposits are held in foreign currency bank accounts. Nearly all foreign investors convert their CEDIS to dollars ASAP to protect their value as CEDIS deteriorate every month.

Just30:
what the fuc**k

Ghanaians rejecting their currency
Only in your head.


the only things Ghanaians reject are the small coins that can easily be swallowed.

Owners of banking shares were Wednesday Sh38.3 billion richer after a surge in the lenders’ stock on news that Parliament’s finance committee had asked MPs to repeal a cap on commercial lending rates.

Eight of the 10 banks listed on the Nairobi Securities Exchange (NSE) gained on what stock dealers linked to increased demand for the lenders’ shares on the expectation of increased profitability and stock gains.

This marks the biggest single-day gain by bank stocks in many months, analysts said, in a share price appreciation that started on October 18 when news leaked that President Uhuru Kenyatta had demanded that lawmakers remove the cap on commercial lending rates.


The rate cap really squeezed us although the economy continued showing its resilience.Almost all sectors felt it! The Mp's got it wrong at first,it's better now that they have corrected it.

https://www.businessdailyafrica.com/news/Bank-shares-gain-Sh38bn-in-a-day-on-rate/539546-5331184-r4k2ce/index.html

vaxx2:
You keep hiding under interest rate capping as if it is not a flaw from your governance. Your poor lending ratio push up the idea by your parliamentarian to introduce capping .... forgetting the impact on your micro economics performance ..... Per head is a factor in economics, it averagely give a valid judgement opinion on who is doing better . concrete statistics has proven we are doing 8 million in 2018 but you foolishly ignore that and drag up dangote who is just a secondary player in the cement industry in Ghana to form your porous opinion. An act of madness. so economically, per dangote 6 million 2018 data , we are doing far better than kenya ....



Either per head or per consumption, Ghana is miles ahead of you.