vaxx1:
lol....Dream on with your 20 million poverty injected population...

rvp20182:
20% poverty and 12.5% extreme poverty. 28% children live in poverty. That is Ghana.
Statistics show one in five Ghanaians live in poverty and one in eight live in extreme poverty. Alston says he finds it particularly troubling that 28 percent of children live in poverty.
https://www.voanews.com/africa/millions-poor-not-benefiting-ghanas-booming-economy

Jonraid:
How many Uber drivers are there in Nigeria? Uber or any decent car hailing app industry can't take you in with such a taxi! rvp20182

GENEGIRIA:

very stvpid people-clueless kenyans. i didn'r realise kenyan was such a backward sh1thole a stvpid kikuyu will always remain foolish. they don't see beyond mt kenya
[s][/s]

vaxx1:
Aren't ashamed to post this. 12.5 percent against 40 percent of those poor Kenyans.. ...

Kennyswagzz:
while lagos state is better than the whole of ghana

rvp20182:
Doesn't look it can process even 0.5% of 2.5 Metric tonnes. For context the largest rice mill in the world has capacity of 4m metric tonnes.

An aerial view of Bogasari’s flour mill in Jakarta, Indonesia

mtisTheQubit:
effed country

68816419:

Olam rice mills factory-(Largest in Africa)

mtisTheQubit:
IMF colony..

mtisTheQubit:

Vaxx you niggas know nothing about IMF..Why do you think many countries avoid them...you are new in the game...

rvp20182:
When Ghana is poorer than Kenya - how would Ashanti be richer?

mtisTheQubit:

IMF used threaten us way back...we cut loose an faced east..things are great now...

rvp20182:
it's 20% against 36% (normal poverty aka international 1.9 dollars a day). Extreme poverty is like 12% against 20%(that like a dollar a day a person). And Kenya is making serious progress...latest data was in 2016... with census...we will get new numbers.

Just30:
still not a problem

when it becomes a problem
we will handle it.


how many Albinoes have you murdered this year in Tanzania

Just30:
THIS same discussion is being had in the US
As long as prostitution is a trade, then it should be legalized so that the government can tax it.

mtisTheQubit:

Truth be told, since Chinese landed in Africa you can see progress...I myself can say much progress occurred in our country after we divorced the IMF an her sister

NairobiWalker:


Why was the Ghanaian president assassinated?

rvp20182:
Quote of the day for poor Ghanaian CEDIS.

The vice President, H.E Dr Mahamudu Bawumia is famously reported to have said that “when the economic fundamentals are weak, the cedi depreciation will expose you”

And Just30 - Ghanian currency is managed float regime- not free floating.

Just30:
which Ghanaian president are you referring to?

rvp20182:
And it has an annual capacity of 150,000 tonnes. That is why you should be careful with numbers. 2.5M metric tonnes is a lot of rice. You put a rickety mill that has capacity of 50 tonnes a day...and claim it will do 2.5m metric tonnes. I have maize milling plant with 20 tonnes per day capacity so I know BS when I see.

rvp20182:

Not only is your regime managed - you have tonnes of forex controls.

According to IMF 2018

Country1 Exchange Restrictions and/or Multiple Currency Practices2
Ghana The IMF staff report for the 2017 Article IV Consultation, Fourth Review under the Extended Credit Facility
Arrangement, Request for Waiver for Nonobservance of Performance Criteria, and Request for Extension
and Rephasing of the Arrangement with Ghana states that, as of August 3, 2017, Ghana maintained one
exchange restriction and an MCP subject to Fund approval. The exchange restriction arose from the limitation/
prohibition on purchasing and transferring foreign exchange for import transactions by importers who have
not submitted to the commercial bank customs entry forms for any past foreign exchange transactions related
to imports, and which are unrelated to the underlying transaction. An MCP also arises because the Bank of
Ghana requires the use of its internal rate (i.e., the previous day’s weighted average interbank exchange rate) for
government transactions and the surrender of foreign exchange proceeds from cocoa exports funded through
the cocoa syndicated loan, without having a mechanism in place to ensure that, at the time of the transaction,
this exchange rate does not differ from the rate prevailing in the market rate (i.e., the interbank exchange rate)
and the rates u

rvp20182:
We do not have any forex controls (you can bring or take as much as dollars as you want) - and our CBK doesn't print USD - so how can we managed to artificially inflate Kshs? If Ghana cannot do it - how can Kenya do it with even less forex reserves.

IMF were wrong - and used Kenya as guinea pig in a new methodology.

rvp20182:
When did we refuse for them or anybody out there to come and value KShs . They put Kshs to scale - their own brand new scale - and said it was over-valued - we are still waiting for Kshs to heed to IMF - it seem defiant.

CBK cannot release market-sensitive data - We are not an IMF colony like Ghana.

IMF had said that the Kenyan shilling risks being classified as “managed” rather than operating on demand and supply.
“Reflecting limited movement of the shilling relative to the US dollar, MCM’s (Monetary and Capital Markets’) 2018 report on exchange rate arrangement to be published in February 2018 will reclassify Kenya’s shilling from ‘floating’ to ‘other managed arrangement’,” said IMF. Njoroge said CBK would only release data if it was no longer market-sensitive, adding that this was a global practice.
“ We do not comment on currency interventions until we judge that it is no longer market-sensitive. Check anywhere, the Bank of England, check how much information they reveal ” he said.

The governor added that the interventions were not done with “favourite players in the dark”, but rather during open market operations with banks, which knew whenever CBK intervened.
He also added that Kenya was an open economy with no controls over current or capital accounts.
The Central Bank, the governor said, operated a flexible forex market that did not target any particular rate but allowed the market to price it.

https://www.standardmedia.co.ke/article/2001304396/njoroge-tells-off-imf-over-shilling-value

rvp20182:
it's 20% against 36% (normal poverty aka international 1.9 dollars a day). Extreme poverty is like 12% against 20%(that like a dollar a day a person). And Kenya is making serious progress...latest data was in 2016... with census...we will get new numbers.

rvp20182:
Forex dealers are in kenya are regulated to protect consumers, ensure they are no illicit flows or money laundering. There are no Forex controls.Those two are not mutually exclusive. There is nothing you can teach me in any serious subject - except maybe Yoruba customs & voodoo.

Just30:
what is your understanding of forex control

tylann:


kenya poverty rate is 29.2 %


https://www.standardmedia.co.ke/article/2001299505/wb-report-poverty-still-high-in-kenya

rvp20182:
It helps our Central Bank Governor is former senior staffer at the IMF so he understands when junior economist send to kenya tries their monkey business. In any case when is KSHs devaluing?- it been nearly two years since IMF claimed it was overvalued?

Yes kenya has Africa highest trade deficit of 11B dollars...but trade is not only way to get dollars. When you have an well-diversified sophisticated economy like kenya - you do not need to export Gold or Oil to earn Forex. We earn lots of Forex from 'exportable' services sectors.

We have very healthy forex reserves - playing around 6 months of import bill - 9B dollars - way above the recommended 4 months cover.