vaxx1:
our cocoa export alone swamp most of your export ....

we do cocoa here and it is about three folds of what you export ... your golden egg ( Tea).

Actually ths is what Ghana exports....

vaxx1:
You are the frustrated animal here who keep reporting failure as a source of joy. where is the link to world bank report from your fake blog?



now let's be hopeful and send me the link to world bank ( a sister agent of IMF) or you remain in your madness forever ....

open the link idiot i don't spoon feed idiots

rvp20182:
I see you're repeating debt propaganda on SGR & China - actually regurgiating western propaganda against fast emerging China.

Let me help for then 10th time understand our SGR loan.

We borrowed about 4.5-5B dollars from China to build SGR from Mombasa to Nairobi and now to Naivasha - including rolling stock, two dry ports (Nairobi, Naivasha) in 2014. Unlike Nigeria and other laggards...we completed the 500-600kms railway in record 3yrs.

Before we borrowed the loan - we planned to raise 15% of the total project cost - because China normally do not finance land acquisition and such - so we started collecting Railway Development Levy as early as 2010. That RDL annually collects now about 30B kshs (300M dollars) - that is more than enough to pay China.

What are our loan terms with China (Exim bank of China) - half the loan is commercial (2% above LIBOR) and half the loan is concessionary (nearly zero interest maturing in 20yrs). We also got 5yr grace period for commercial loan and 7yr grace period for concessional loan. The idea is the railway in initial years will start slowly - and won't break even the first 7-10 yrs.And we also put in a huge insurance with Chinese in case of non-repayment.

Now according to projections we had with Chinese - the railway would no break even - for first nearly 10yrs - and yet 3yrs later - our SGR is approaching break point. It already has carried 3.5m passengers and 5 million metric tonnes - in the first 2-3 yrs of operations. We are running 14 trains every day both ways - about 28 cargo trains daily.

Now compare say to Ethiopia - that is still running 1 or 2 trains - and has asked China for loan extensions.

So before we ever come to defaulting in SGR
1) SGR will break even - and hopefully pay for itself
2) Railway Dev Levy - will pay for it -1.5% (now increased to 2%) of all imports (except raw materials) - will be use to pay for it.
3) We will ask Chinese to extend the loan terms
4) Kenya Port Authority (with annual revenues trending towards 1B dollars soon) - will pay the Kenya Railways(Not china) - if they don't have cargo.
5) Treasury will uses our taxes to repay China.
6) Insurance will pay for it. We paid a huge commission to SinoSure.
7) We will default - in year 3030.

since you dont know what breaking even is
let me explain to you what breaking even is.


the operation cost of the SGR is 12.5 billion shillings
the SGR is doing 5 billion shillings .

it has to start paying China sh 34.3 billion shillings next year

you will have to find that money elsewhere (borrow) to service the commercial part of the Chinese loan.
whiles you are borrowing to pay the chinese, you will also have to borrow extra 7.5 billion shillings to keep the SGR running every year.

Delusioned folks!

mtisTheQubit:

Seriously ths Gananis are evolving to full blooded Nigerians..just observe...An am not hating...

Just30:
Ghana does not just export tonnes of minerals
but also tonnes of manufactured goods.

which is almost twice the export of Kenya.
which Kenya company bring forex from central africa or East Africa?

Running and office in Kenya does not bring any benefit to your economy
because salaries are negligible.

our companies are allover east and central africa

just today kenyan bank has bought a drc bank

no country beats kenya in terms off intra africa trade

Jonraid:
Delusioned folks!

They have started arguing without facts..no reference at all...They sing what IMF told them...but stuff in the ground are different..

mtisTheQubit:

Actually ths is what Ghana exports....

be prudent boy, that is the percentage in our export . we do cocoa and our cocoa export alone is around 3 .5 billion dollar annually. that alone trash your tea industry

kantanka cars - made in Ghana

mtisTheQubit:

show us the tonnes of manufactured goods..pleeease

tylann:


open the link idiot i don't spoon feed idiots

i already know you will be in madness forever. Your failure to provide it anchor your stupidity....

What are these foolish Kenyans saying? A country where men offer their women to tourists for sex and they are not even ashamed about it fools without any sense of personal dignity seeing them here makes me want to vomit shameless and stvpid very very stvpid what do you call that? Extreme poverty? I call it extreme insanity

rvp20182:
Actually correction - Extreme poverty in Kenya - lower than Ghana.

Extreme poverty, defined as monthly household expenditure below 1,954 shillings in rural areas and 2,551 shillings in urban areas, fell from 19.6 percent in 2005/6 to 8.6 percent in 2015/16.

https://af.reuters.com/article/topNews/idAFKBN1GZ0TK-OZATP

SGR now carries about 2M metric tonnes per annum. It designed with capacity of 20M metric - and about 35M metric tonnes when double-stacked annually. When it get there - those revenues - will grow 10 times - from 10B now to 100B - and it will pay it's debt (30B).

KR's SGR i expect will gross 1B dollars. Our port (KPA) is closing on 1B dollars revenue. They are in the same business....port does handling..and SGR does the transporting...which is an even bigger pie.

Our port handles 33M metric tonnes - soon we will get into 45M metric tonnes -and we will need another railway.

Just30:
since you dont know what breaking even is
let me explain to you what breaking even is.


the operation cost of the SGR is 12.5 billion shillings
the SGR is doing 5 billion shillings .

it has to start paying China sh 34.3 billion shillings next year

you will have to find that money elsewhere (borrow) to service the commercial part of the Chinese loan.
whiles you are borrowing to pay the chinese, you will also have to borrow extra 7.5 billion shillings to keep the SGR running every year.

vaxx1:
be prudent boy, that is the percentage in our export . we do cocoa and our cocoa export alone is around 3 .5 billion dollar annually. that alone trash your tea industry

Yes i saw cocoa there ..10%..so your economy basically is mineral driven just like the zoo...Diversify ,..diversify niggas

mtisTheQubit:

without minerals like you niggas ,what do you think we survive on...Your country is depended on minerals an IMF..FACT

That's the bottom line and its driving them mad. This fight was over before it even began.

mtisTheQubit:

Yes i saw cocoa there ..10%..so your economy basically is mineral driven just like the zoo...Diversify ,..diversify niggas

remove minerals from our export, we will still be exporting more than you .

And to remind you we don't have international sponsored farm here. no foreing company in Ghana doing cocoa. hope you know what i mean

GENEGIRIA:
What are these foolish Kenyans saying? A country where men offer their women to tourists for sex and they are not even ashamed about it fools without any sense of personal dignity seeing them here makes me want to vomit shameless and stvpid very very stvpid what do you call that? Extreme poverty? I call it extreme insanity

Are not ashamed offering your kids nigga...So kids dont matter in the small zoo..

rvp20182:
Breton wood institutions offer competitive zero interest long maturity loan like China. The difference China do not offer conditionalities or poke noses into your national affairs or worse tell you to cut budget spending on critical social services like education, health etc.

China will ask for a collateral - or ask you to put heavy insurance - and that is all. Ghana is just about done with 2.5B dollars from China with Bauxite as collatoral.

My beef (and I guess everyone beef) with IMF & WB - 1) their interference of internal affairs of independent countries and 2) Their very tiny balance sheet...China can lend you 10B dollars...IMF is running Ghana because they lent you 1.5B dollars. and 3) US & EU stranglehold of both - stopping attempts by China or Japan to finance IMF & WB so it can truly become global financial institution they are suppose to be.

And 4) - US gov (CIA) especially uses IMF & WB to pull through underhand deals - including regime changes or having Ghana as military base.

That is why I really pity Ghanians when I imagine IMF has terrorized your country for a record 16 times so much you have fallen in love with them.

Classic Stockholm syndrome.

Kwame Nkurmah must be turning on his grave. The independent Ghana has become a colony of Washington DC.

Ghana did not collateralized bauxite

Ghana collateralized Aluminium, the product of Bauxite to the Chinese market

So basically, we will mined bauxite
process it at VALCO and the Chinese are compel by the agreement to take it as payment for their loan.


that is smart borrowing.


IMF can not run Ghana
they never have


they know Ghana does not follow their recommendations
but they have no option than to lend to Ghana.

IMF loans have better conditions than those of China where you will have to collateralize Mombasa port and your state house
including your seat of government.

China will basically undermine your economy so that you wont be able to pay and then they will take everything of value from you.
Mind you, China is playing in the Big leagues now and they are looking for a port for the navy so that they can project power.

https://www.youtube.com/watch?v=K53A1opChlQ?t=1


Go save your gilrs in Italy!

GENEGIRIA:
What are these foolish Kenyans saying? A country where men offer their women to tourists for sex and they are not even ashamed about it fools without any sense of personal dignity seeing them here makes me want to vomit shameless and stvpid very very stvpid what do you call that? Extreme poverty? I call it extreme insanity

vaxx1:
remove minerals from our export, we still be more than you .

So basically Ghana dont do manufacturing..its a mineral based economy..just like Southern Sudan or Libya or chad?

mtisTheQubit:

They have started arguing without facts..no reference at all...They sing what IMF told them...but stuff in the ground are different..

they will be like we are richer than kenyans yet kenya has a larger luxury market than them
they say they live in single houses yet they share electricity meters

Your contradiction is something. What an oxymoron.

Just30:
Ghana did not collateralized bauxite

Ghana collateralized Aluminium, the product of Bauxite to the Chinese market

So basically, we will mined bauxite
process it at VALCO and the Chinese are compel by the agreement to take it as payment for their loan.


that is smart borrowing.


IMF can not run Ghana
they never have


they know Ghana does not follow their recommendations
but they have no option than to lend to Ghana.

IMF loans have better conditions than those of China where you will have to collateralize Mombasa port and your state house
including your seat of government.

China will basically undermine your economy so that you wont be able to pay and then they will take everything of value from you.
Mind you, China is playing in the Big leagues now and they are looking for a port for the navy so that they can project power.

GENEGIRIA:
What are these foolish Kenyans saying? A country where men offer their women to tourists for sex and they are not even ashamed about it fools without any sense of personal dignity seeing them here makes me want to vomit shameless and stvpid very very stvpid what do you call that? Extreme poverty? I call it extreme insanity

Broken record.

Jonraid:

https://www.youtube.com/watch?v=K53A1opChlQ?t=1


Go save your gilrs in Italy!

Guy is a Ghananian..he talking about adult prostitution but he ok with Gananis selling their children as low as 11 years..

Pictures don't lie. You don't need to see any stats to know if somebody or some country is rich or not. Ghana is POOR.

tylann:


they will be like we are richer than kenyans yet kenya has a larger luxury market than them
they say they live in single houses yet they share electricity meters

mtisTheQubit:

So basically Ghana dont do manufacturing..its a mineral based economy..just like Southern Sudan or Libya or chad?

Precisely. Kenyans mistake was pointing this out.

Just30:
Ghana did not collateralized bauxite

Ghana collateralized Aluminium, the product of Bauxite to the Chinese market

So basically, we will mined bauxite
process it at VALCO and the Chinese are compel by the agreement to take it as payment for their loan.


that is smart borrowing.


IMF can not run Ghana
they never have


they know Ghana does not follow their recommendations
but they have no option than to lend to Ghana.

IMF loans have better conditions than those of China where you will have to collateralize Mombasa port and your state house
including your seat of government.

China will basically undermine your economy so that you wont be able to pay and then they will take everything of value from you.
Mind you, China is playing in the Big leagues now and they are looking for a port for the navy so that they can project power.

He did not understand that.

what we are trading with China In exchange is value added product of our aluminium.... and China is not even providing physical cash, they are only providing infrastructure worth of 2.3 billion dollar which we will in turn provide them back with aluminium product from our valco industry....

gallivant:


Precisely. Kenyans mistake was pointing this out.

An it hurt them bigly..

rvp20182:
It's actually Tuesday. I think you should rest man. I'd rather China take a port like Srilanka on 99yr concession. The port is still in Srilanka and is part of SriLanka. It's just China running it. Than have IMF terror squad on Ghana. I see you even signed off military base for 20M dollars - must be CIA pulling the strings from DC.

i will rather take IMF than have China run anything in my country.


Your port authority is too poor that is why they had to go and borrow from China to build a port.

rvp20182:
You nailed it's Kantakataka mindset. I knew they we never serious when they defended that Kantaka .car manufacturer. I think I need to visit West Africa - I am intrigued by their mindset (or mindlessness).

Kantanka is still better than anything you have in Kenya

they are selling more cars than Kenya will ever be able to produce

mtisTheQubit:

Actually ths is what Ghana exports....

Take away the Gold and oil you are looking at a miniature Nigeria.

rvp20182:
kantanka cars - made in Ghana

mtisTheQubit:

So basically Ghana dont do manufacturing..its a mineral based economy..just like Southern Sudan or Libya or chad?

so aluminium and textile industry are what? compare yourself with Burundi....

Yes basically minerals, oil, and cocoa. And maybe sawdust

mtisTheQubit:

Actually ths is what Ghana exports....