Mkenya2019:
Interesting but for our country size can we do what likes of Swiss, Mauritius, Luxembourg, Singapore,hongkong do? Maybe Rwanda can pull this but at our size we need to fire on all cylinder

We can't be a Bangladesh or Phils' racing to pay our workers 5 USD a day-our socioculture won't STAND FOR IT. Ideally we'd optimise all our sectors value adding our agri crops while exporting new ones. E.g. we long conquered the French bean market yet apart from one kid in Naivasha we're still exporting raw to be processed and packed in Europe! Why?

tylann:


look at this guy you are on insisting on the obivious

you are wrong accept and move on no one is going to beat you

morocco gdp has not clocked 150b yet you are talking 300 plus figures

That iss why you guys need an update ....

Are you fighting for championship here

samorobo:


I just read. Report now that confirms what you said...Their force and energy is serious with a pop of a out 35 million.....
Now I see why

Both you and Vaxx have no clue what you are talking about.

Mkenya2019:
I see you're as cantankerous as ever when the topic of Ghana is broached. Once again don't get your knickers in a twist and lets leave the nitpicking for a minute and focus on the elephant in the room.

Let me try a different approach. Oil versus Cocoa.Ghana export oil worth 5B dollars. Ghana export Cocoa worth half of that - 2.5B [/b]dollars.Ghana government get a clean 1B dollars - in royalties and taxes - and very small portion of that oil end up in real economy outside gov coffers.I am going to assume that 2.5B dollars of Cocoa - your gov get very little if any taxes. I don't think any sane gov can tax farmers.

[b]Which industry do you think will develop Ghana more - Cocoa (at half the oil production) or Oil?

The answer is obvious COCOA - all the 2.5B dollars of cocoa money is kept locally & multiplied or circulated- while only 1B dollars of Oil really circulate to the economy.And it doesn't even circulate efficiently - it goes to gov coffers- and we know "all" govs are not efficient distributors of wealth. Pray they don't steal.

The answer is what ails NIGERIA - that has earned a trillion dollars from Oil - and has nothing to show for it - except shanty towns

why are you been dishonest this way?

GHANA earns over 3.3 billion dollar on cocoa and that is almost 75 percent of of what she earns on Gold. the rest are useless ranting as usual. I am taking you as a joker now.


Talk about your tea and SGR debt

Mkenya2019:
I am sure you'll have a public holiday lasting days the day you get ahead of Kenya.I don't see it happening in my lifetime.

To pass u on what else? We grow 7% annually, but u don't do 7%.We are leading on economic inclusiveness, we are ahead on PPP. We do well on infrastructure, health,peace,etc! All that comes without our huge gas deposit which we are about to do a 30b$ investments with another 3b in fertilizer plant.What else do u want us to do to surpass u? Should we go and starve?

Splitting the hairs. Do you think what Cocoa has done to Ghana is comparable to what Gold or Oil has done? Of course the answer you don't want to answer is NO. Oil only contribution to your GDP is that offshore OIL RIG - and measly 1B dollars - otherwise the rest of the money ends up abroad - in oil majors account in Swiss or Luxembourg.

Here is your latest export data for 2018 - about 14B dollars in 2018 ..Oil(4.5)+Gold(5.5)+Cocoa(2).

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-s-2018-export-improve-significantly-BoG-data-718978#
1)Receipts from oil exports increased from USD 3.1 billion dollars in 2017 to USD 4.5 billion dollars in 2018.

2) Gold exports on the other hand witnessed a marginal decline from USD 5.7 billion dollars exported in 2017 to USD 5.4 billion dollars exported in 2018. This represents a decline of 5.6 percent.

3) While cocoa exports for 2017 stood at USD 2.6 billion dollars, the figure for 2018 dropped significantly by 21.4 percent to USD 2.09 billion dollars for 2018.

vaxx1:
why are you been dishonest this way?

GHANA earns over 3.3 billion dollar on cocoa and that is almost 75 percent of of what she earns on Gold. the rest are useless ranting as usual. I am taking you as a joker now.


Talk about your tea and SGR debt

Mkenya2019:
I see you're as cantankerous as ever when the topic of Ghana is broached. Once again don't get your knickers in a twist and lets leave the nitpicking for a minute and focus on the elephant in the room.

Let me try a different approach. Oil versus Cocoa.Ghana export oil worth 5B dollars. Ghana export Cocoa worth half of that - 2.5B dollars.Ghana government get a clean 1B dollars - in royalties and taxes - and very small portion of that oil end up in real economy outside gov coffers.I am going to assume that 2.5B dollars of Cocoa - your gov get very little if any taxes. I don't think any sane gov can tax farmers.

Which industry do you think will develop Ghana more - Cocoa (at half the oil production) or Oil?

The answer is obvious COCOA - all the 2.5B dollars of cocoa money is kept locally & multiplied or circulated- while only 1B dollars of Oil really circulate to the economy.And it doesn't even circulate efficiently - it goes to gov coffers- and we know "all" govs are not efficient distributors of wealth. Pray they don't steal.

The answer is what ails NIGERIA - that has earned a trillion dollars from Oil - and has nothing to show for it - except shanty towns

Shanty towns. Owerri is far more better than any village you called city in your shitthol all your village sorry cities are complete slums. You don't have cities at all

Yes I think for now we cannot do that - besides automation is kicking the can down on brain dead manufacturing - for me - I think we CANNOT afford to focus on sector or another - we should just continue to liberalize the economy - improve the ease of doing business - improve infrastructure - improve social services spending - and let the private sector handle the rest. Whatever works will work.

We don't need a ceremony to celebrate when somebody open a rice mill or pineapple plant like we were some backwater west african country

kikuyu2:

We can't be a Bangladesh or Phils' racing to pay our workers 5 USD a day-our socioculture won't STAND FOR IT. Ideally we'd optimise all our sectors value adding our agri crops while exporting new ones. E.g. we long conquered the French bean market yet apart from one kid in Naivasha we're still exporting raw to be processed and packed in Europe! Why?

Kazikazi:
To pass u on what else? We grow 7% annually, but u don't do 7%.We are leading on economic inclusiveness, we are ahead on PPP. We do well on infrastructure, health,peace,etc! All that comes without our huge gas deposit which we are about to do a 30b$ investments with another 3b in fertilizer plant.What else do u want us to do to surpass u? Should we go and starve?

Nguva yakareba wanga uchiendepi zvese izvi isu tisina kukuona pese pese wakamboenda kumwe kunhu

Before I go boko Haram is deal on rampage killing Nigerians soldiers

SUFFERInSMILIIN:
breaking news
The relationship between the Ghanaians and Nigerians have just ended in total disaster after the former president of Ghana visited Nigeria at Sheraton Hotel in Abuja and said that Nigeria has weak institutions and should open his borders. The battle went on to nairaland with Nigerians and Ghanaians clashing on nairaland

The battle between Nigeria and Ghana has now reached an advanced stage which insults flying from side


https://www.nairaland.com/5537818/john-mahama-nigeria-reopen-border

This guy is really desperate. You would die of heart attack very soon.

Kazikazi:
To pass u on what else? We grow 7% annually, but u don't do 7%.We are leading on economic inclusiveness, we are ahead on PPP. We do well on infrastructure, health,peace,etc! All that comes without our huge gas deposit which we are about to do a 30b$ investments with another 3b in fertilizer plant.What else do u want us to do to surpass u? Should we go and starve?

You forgot to tell him Tanzania is not as indebted as Kenya.

SUFFERInSMILIIN:
Before I go boko Haram is deal on rampage killing Nigerians soldiers

Your grammar is too poor! If all the time you spend on nairaland is spent developing your writing skills, am sure you would have improved.

Aderr:
Your grammar is too poor! If all the time you spend on nairaland is spent developing your writing skills, am sure you would have improved.

I think his camera skills are top notch. What about you?

SUFFERInSMILIIN:
These are my last pictures of Accra for today more pictures of Ghana and Nigeria tomorrow

Looking forward to more Accra photos. Post as much as you can.

Nigeria & Ghana - who are sending thousands of students abroad - can learn from kenya.

For most of 90s & 2000s - up until I think around 2010 - Kenya led Africa by the number of students in US colleges...and then we began fixing our higher educations - and we are seeing less & less outbound students.

https://monitor.icef.com/2016/02/kenyan-students-staying-home-in-greater-numbers-but-quality-concerns-persist/

Within that group of leading destinations, the US has seen numbers of Kenyan students in its institutions fall off sharply over the past decade or more. Figures from the Institute of International Education (IIE) show that there were[b] 3,072 Kenyan students enrolled with US universities in 2014/15, less than half of the 7,000 students recorded for 2004/05.[/b]

Kikuyu - here is good report of Kenya Textile. We export nearly 600M dollars to the US under AGOA with about 400M worth of apparels. KQ direct flights will help export to the US - esp flowers and etc.

Total workforce = 50,000.


https://www.youtube.com/watch?v=dNDAkJ0Yg20

mtisTheQubit:
Things have learned here..
1..Kenya is the fifth richest country in Africa.
2.Ghananians are hobbits
3.Kenya is future Ghana
4.Ghana is mini Nigeria
5.Ghanaians are afraid of pictures
6.IMF has a colony in africa
7.vaxx gets his daily feeds from osu shrine
8.Kisumu is better than Accra
9.Ghanaians get emotional when asked to present factual data
10.the way Ghanaians argue, it's like they are related to Nigerians

Take no prisoners. Let this be a lesson to all Gunias.

MOMBASA KENYA

Mkenya2019:
Yes growth rate and less pop growth is great but INFLATION will kill Ghana economy. Inflation adjusted growth is negative. You know about 5yrs ago in 2014 - Ghana claimed to have bigger economy than Kenya - I think around 60B - then it tanked to 49B - and now got cooked back to 70B dollars..but with deteriorating CEDIS - the story will be different again next yar.

So you haven't see an inflation growth with GDP growth before? Your doom explanation didn't sound well.


Ghana Didn't claim she has a bigger GDP than kenya in 2014, the economy productivity says so, Ghana was growing around 14 percent just in 2011, kenya had rebased its GDP over 8 times , that is what will should be careful about. , Ghana cedis currently has further crash dollar by 2. percent this Friday... worry about sustainability of shilling whose dependence is on artificial value...... how long can you sustained it without additional debt from China.

GDP is just the value of goods and services . which largely is dependent on the net income generated by the citizens of the country. so if capital investment is not springing up , GDP will fall. Ghana experience poor investment in 2014 to 2016, the economy grows very slowly due to sluggish demand of its major commodity. The gold and oil including the cocoa. Ghana is an export dependable economy . yours is not diffrence either apart from the fact that, Ghana seems more productive than you.

Inflation and currency depreciation is Ghana's main undoing. We have always re-based every 10yrs. UN recommend re-basing every 5yrs and of course doing census every 5yrs. We do it every 10yrs. You don't just rebase.

Kenya rebasing.
1) 2013
2) 2006
3) 90s - 80s -70s -60s.

vaxx1:
So you haven't see an inflation growth with GDP growth before? Your doom explanation didn't sound well.


Ghana Didn't claim she has a bigger GDP than kenya in 2014, the economy productivity says so, Ghana was growing around 14 percent just in 2011, kenya had rebased its GDP over 8 times , that is what will should be careful about. , Ghana cedis currently has further crash dollar by 2. percent this Friday... worry about sustainability of shilling whose dependence is on artificial value...... how long can you sustained it too without additional debt from China.

GDP js just the value of goods and services . which largely is dependent on the net income generated by the citizens of the country. so if capital investment is not springing up , GDP will fall. Ghana experience poor investment in 2014 to 2016, the economy grows very slowly due to sluggish demand of its major commodity the gold and oil including the cocoa. Ghana is an export dependable economy . yours is not diffrence either apart from the fact that, Ghana seems more on you.

Mkenya2019:
Splitting the hairs. Do you think what Cocoa has done to Ghana is comparable to what Gold or Oil has done? Of course the answer you don't want to answer is NO. Oil only contribution to your GDP is that offshore OIL RIG - and measly 1B dollars - otherwise the rest of the money ends up abroad - in oil majors account in Swiss or Luxembourg.

Here is your latest export data for 2018 - about 14B dollars in 2018 ..Oil(4.5)+Gold(5.5)+Cocoa(2).

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-s-2018-export-improve-significantly-BoG-data-718978#
1)Receipts from oil exports increased from USD 3.1 billion dollars in 2017 to USD 4.5 billion dollars in 2018.

2) Gold exports on the other hand witnessed a marginal decline from USD 5.7 billion dollars exported in 2017 to USD 5.4 billion dollars exported in 2018. This represents a decline of 5.6 percent.

3) While cocoa exports for 2017 stood at USD 2.6 billion dollars, the figure for 2018 dropped significantly by 21.4 percent to USD 2.09 billion dollars for 2018.

Since you like to argue absurdly... Your economy is largely agrarian economy, fuel by tea and flower export which are largelly owned by international organization. how does kenya maintain a stable outflow in this race. most of your farmers are working for international agency, they don't even owned the tea farm. how will this not cause a capital flight?


the oil money flight is basically because of international organization, ofcus, capital fight will happen, since the headquater of this buisness aren't in Ghana. but the most important , they pay their dues and they remmit their cash to the state. they are also
contibutring their quota back to the economy thru the income taxes, royalties etc. they can retrieved all their profit back home .no law is binding them to have it in Ghana. the only way to limit capital flight is thru local company which the goverment have been advocating
now we have Ghanaian indigenous company in the name of Springfield and more is coming..

This isn't kenya ....


the report you upload is scanty, There is diffrence between cocoa beans and cocoa paste or even chocolate ......

Mkenya2019:
Inflation and currency depreciation is Ghana's main undoing. We have always re-based every 10yrs. UN recommend re-basing every 5yrs and of course doing census every 5yrs. We do it every 10yrs. You don't just rebase.

Kenya rebasing.
1) 2013
2) 2006
3) 90s - 80s -70s -60s.

This is why your doom explanation doesn't hold , inflation is under control in Ghana now. it is just 7.6... your country that is tea and flower dependant has rebased its gdp over 7 times . yjis is way before you claimed to have a bigger GDP that is ahead of Ghana, You have rebased your about 6 times ..... you don't even know the last time you rebased ( that is mad) you keep arguing about Ghana. it is 1967, 1976, 2005 and 2014...gjat is the time you rebased your GDP...

kenya main issue is corruption and over dependence on debt. debt in itself is not crime but building unsustainable pulse to fund it is the issue..... you can't be digging well and filling well at the same time .

Tea is like cocoa - in fact Tea is even better - and so are flowers - because there a lot of labour, processing and transportation that happen locally - before they are exported. Kenya has more than 100 tea factories. And note small holder produces 70% of all kenya tea - with multinational doing 30%.

Now someone minning few kilos of gold and airlifting it or selling oil offshore - leaves not very much - which is why Ghana when subjected to a picture test - look very POOR.

vaxx1:
Since you like to argue absurdly... Your economy is largely agrarian economy, fuel by tea and flower export which are largelly owned by international organization. how does kenya maintain a stable outflow in this race. most of your farmers are working for international l agency, they don't even owned the tea farm. how will this not clause a capital flight?


the oil money flight is basically because of international organization, ofcus, capital fight will happen, since the headquater of this buisness aren't in Ghana. but the most important , they lay their dues and they remmit their cash to the state. they are also
contibutring their quota back to the economy thru the income taxes, royalties etc. they can retrieved all their profit back home .no law is binding them to have it in Ghana. the only way to limit capital flight is thru local company which the goverment have been advocating
now we have Ghanaian indigenous company in the name of Springfield and more is coming..

This isn't kenya ....


the report you upload is scanty, as there is diffrence between coca beams and cocoa paste or even chocolate ......

A rebasing of gdp last year has flattered the country’s balance-sheet. Ghana’s debt-to-gdp ratio, which hit 73% in 2016, looks quite tame this year at 62% (it would have been 76% under the old gdp measure).

But simply changing the estimated size of the economy does not magically bring in more tax. Interest payments still consume one-third of government revenues, which is more than it spends on education or health. Increasing the amount raised in taxes will be tough, because most of the economy is informal. The imf notes that taxes make up a smaller share of gdp(14% in Ghana) than in most other developing countries and classifies it as being at “high risk of debt distress”.

Investors are also wary and demand much higher interest rates to hold Ghana’s foreign-currency bonds compared with Nigeria’s or Kenya’s.

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

Ghana rebased their GDP to tame the debt to GDP ratio!

Mkenya2019:
Tea is like cocoa - in fact Tea is even better - and so are flowers - because there a lot of labour, processing and transportation that happen locally - before they are exported. Kenya has more than 100 tea factories. And note small holder produces 70% of all kenya tea - with multinational doing 30%.

Now someone minning few kilos of gold and airlifting it or selling oil offshore - leaves not very much - which is why Ghana when subjected to a picture test - look very POOR.

You don't compare cooca with tea that is basically driven by foreing company, how is it better , Your farmer are poor . there is evidence for that. Cocoa are largely produced and 100 percent handle by Ghanaian. all the money involve from production down to finishing line goes back to Ghana. yours is fully driven by international agency . how will capital flight be curb in this process . they only pay your farmers a token while the foreing organization takes the lion share. comparing tea with cocoa is an act of stupidity. your total output even fetch below 1 billion dollar and the majority of this money ends up with foreing company.

Your tea actually isn't any thing to write home about ...?most of the profit are largely consumed by international agency same thing with your flower. this is what is making Kenyans farmer poor ....

Mkenya2019:
Tea is like cocoa - in fact Tea is even better - and so are flowers - because there a lot of labour, processing and transportation that happen locally - before they are exported. Kenya has more than 100 tea factories. And note small holder produces 70% of all kenya tea - with multinational doing 30%.

Now someone minning few kilos of gold and airlifting it or selling oil offshore - leaves not very much - which is why Ghana when subjected to a picture test - look very POOR.

How many cocoa factories do they have and how many are owned by Ghanains? I know for a fact almost 80% of all tea growing and processing is owned by KTDA and Kenyans and Mombasa is the biggest tea auction in the world. You can't say the same about their oil, gold and cocoa.

gallivant:


How many cocoa factories do they have and how many are owned by Ghanains? I know for a fact almost 80% of all tea growing and processing is owned by KTDA and Kenyans and Mombasa is the biggest tea auction in the world. You can't say the same about their oil, gold and cocoa.

All the current cocoa factory and chocolate processing are owned by Ghanaian. we also have indigenous company in the oil and gas sector. there is also a goverment owned gold refinery .

can you boast of tea and flower in such way ( the cocoa industry alone halve your total export ...

Kazikazi:
Yah big hope.Don't forget,Tz is ahead of u

All dreams are (NOT) valid!

Mkenya2019:
I am sure you'll have a public holiday lasting days the day you get ahead of Kenya.I don't see it happening in my lifetime.

Never say never. It can happen if within the next decade there's a complete 180 degree sociocultural change that teaches work ethic and it's value and abandons witchcraft, gossip and hating; the stubborn Tzn characteristics.

vaxx1:
All the current cocoa factory and chocolate processing are owned by Ghanaian. we alos have indigenous company in the oil and gas sector. there is also a goverment owned gold refinery .

If you had cocoa factories you wouldn't be the worlds largest exporter of cocoa beans. You also import most of your petroleum products because all you export is crude oil. A wont even touch on a fool's gold!