Chuchu27:


If you want to know the real value of the Ghanaian Cedis, add four zeros to the amount of the currency figure being displayed . On paper the cedi might seem strong but that is the essence of re-domination, it is mostly for ease of transaction and aesthetic . With the new Ghanaian Cedi issued in 2007, four zeros were removed while the value of the currency remains the same . In actuality, 1 cedi = 10,000 Ghanaian Cedis .

50 cedis is actually 500,000 cedis and so on . Nigeria dabbled with the idea of redominating our currency but decided against it ,if we had done so , 1000 naira would’ve been say N10 , which doesn’t change what N1000 would’ve gotten you before

edoairways:

He said purchasing power of currency not exchange rate, probably because he used economics terminology that is why you don't understand it. What Ghana did was to remove the last two zeros from their currency. If we do ours it would be similar to theirs. Nothing special about that exchange rate because it can be devalued or valued anytime depending on what the Bank of Ghana says. What you should use to measure their economy is their economic growth and development not exchange rate

Chuchu27:


The Naira is actually higher than the Cedi, a lot of Nigerians have this misconception that it is the other way round , something a simple google search easily rebuff. The cedi is actually heavily denominated, with four zeros being removed . The current exchange rate is about 1 cedi = 66 Naira , in reality it is 10,000 cedis = 66 Naira . The image I attached below is from Wikipedia. A google search will reveal other references

Quelme:
the Cedis is higher than the Japanese Yen, would you say Ghana has a better economy than Japan? and at the same time the Cedis is equivalent to the Chinese Yuan, would you also say they have a better economy than the Chinese?

Chuchu27:


Why do you sound so angry ? I gave you what was fact where it clearly states that the Cedi is Re- denominated, and even provided the option to google to verify what I posted yet this was your reply ? I’m not exactly sentimental about Nigeria or even the most patriotic, but the fact still remains that the naira is higher than the cedi . Please before you engage or react on issues in a public forum like this, endeavor to do your research and try to state your point in a calm and clear manner , this is not a fight .

Noisyrians:
Rubbish talk! But why are some Nigerians like this? Some Nigerians almost want to get heart attack any time they hear that Ghana is doing well economically. Very unfortunate. Someone asked a simple question...what is the value of 100 Ghana Cedis in naira? Instead of providing a simple answer, they will be talking history...how Lord Lugard came to Nigeria in 1850 and how Ghana used to be called Gold Coast....

Answer the fvcking question and stop the buffoonery. If it pains you that Ghana removed zeros from their currency, go and remove your own zeros now. This one Na fight?

Who did this to you nigerians?

Chuchu27:


Why do you sound so angry ? I gave you what was fact where it clearly states that the Cedi is Re- denominated, and even provided the option to google to verify what I posted yet this was your reply ? I’m not exactly sentimental about Nigeria or even the most patriotic, but the fact still remains that the naira is higher than the cedi . Please before you engage or react on issues in a public forum like this, endeavor to do your research and try to state your point in a calm and clear manner , this is not a fight .

Quelme:
You have said it all. Are you an economist?

Noisyrians:
What are you arguing about? What is the value of 100 Cedis in Naira? Isn’t that a simple question? What is this long talk of zeros and cbn etc etc? Haba simple question, long answer. Na wao. Do you know Ghana’s economic growth and development?

Noisyrians:
Rubbish talk! But why are some Nigerians like this? Some Nigerians almost want to get heart attack any time they hear that Ghana is doing well economically. Very unfortunate. Someone asked a simple question...what is the value of 100 Ghana Cedis in naira? Instead of providing a simple answer, they will be talking history...how Lord Lugard came to Nigeria in 1850 and how Ghana used to be called Gold Coast....

Answer the fvcking question and stop the buffoonery. If it pains you that Ghana removed zeros from their currency, go and remove your own zeros now. This one Na fight?

Who did this to you nigerians?

edoairways:

You measure the economic growth of a country not necessary the exchange rate

Chuchu27:


Man a lot of you are angry and apparently frustrated in this part of the world. Please calm down , drink water , and read what I posted carefully. You can pass your point across without sounding angry , and in doing so learn one or two things . Please try it . Stay safe

Noisyrians:
So, what is economic growth of Ghana and Nigeria? The last time I checked, Ghana’s economy grew at more than 6%. What is Nigeria’s economic growth for 2019?

edoairways:

H
Nigeria as 2019

Noisyrians:
What you posted is nonsense. Absolute nonsense! If you are smart, you will drop this foolishness. Nigeria’s economy in the past few years is a complete disaster! On all indices, Ghana is far ahead of Nigeria. Name one area that Nigeria is doing better than Ghana?

edoairways:


According to bloomerg not me Mr. Economic growth is one of the indices for measuringan economy of a country. Ghana economic growth is behind

Noisyrians:
Did you go to school? Nigeria having a “big” GDP does not make Nigeria a rich country,huh? Why do you think Norway is often said to the richest country in the world? If it’s about the size of GDP, Norway is not rich. But let me ask you a few questions.

What is the level of inflation in Nigeria, compared with Ghana?
What is the economic growth in Nigeria, compared with Ghana?
What is the FDI inflow into Nigeria, compared with Ghana?
What is the level of unemployment in Nigeria, compared with Ghana
What life expectancy in Nigeria, compared with Ghana
What is maternal mortality in Nigeria, compared with Ghana
What is the poverty level in Nigeria, compared with Ghana
What is the level of access to education in Nigeria, compared with Ghana?
What is the access to electricity in Nigeria, compared with a Ghana?

edoairways:

Mr man you that went to school doesn't know why most economist still use GDP to measure an economic?. You didn't even explain a better indices yet you listed countries without validity to your assertions

Noisyrians:

What is the level of inflation in Nigeria, compared with Ghana?
What is the economic growth in Nigeria, compared with Ghana?
What is the FDI inflow into Nigeria, compared with Ghana?
What is the level of unemployment in Nigeria, compared with Ghana
What life expectancy in Nigeria, compared with Ghana
What is maternal mortality in Nigeria, compared with Ghana
What is the poverty level in Nigeria, compared with Ghana
What is the level of access to education in Nigeria, compared with Ghana?
What is the access to electricity in Nigeria, compared with a Ghana?

[s][/s]

edoairways:

Mr man bring good fact instead of ranting your ignorance on public forum. Don't expect me to teach you these. Different economist uses different indications to measure growth and development. Each of these indications has merit and demerit. You should have been detailed instead of ranting.

Noisyrians:
it is obvious you have nothing to offer. I wont waste my time

[s][/s]

edoairways:

You don't either because you listing counties without disserting. Next time bring fact from a reputable website instead of ranting what you don't know.

tonididdy:
You can't make comparison with two things you know nothing about.
You also cannot make comparison with one side of a thing you know and another side you know nothing about.
It's a blind argument.
Those saying Nigeria is Eldorado, surely have never left their states talk less the country.
I have never bring to Ghana (the OP has and have every information right to make comparison)
But if you have never bring outside Nigeria, then you would feel everything else anyone is saying is mere exaggeration.
I had same feeling until I travelled out of Nigeria in fact out of Africa and believe you me, every corner of this country irritates me.
Indeed this is a shit hole.


.... Just travel and see you lots, travel and see.

Noisyrians:
What you posted is nonsense. Absolute nonsense! If you are smart, you will drop this foolishness. Nigeria’s economy in the past few years is a complete disaster! On all indices, Ghana is far ahead of Nigeria. Name one area that Nigeria is doing better than Ghana?

mrphysics:

In December 2018, the Ghanaian government sent a team from one of their top agency to Nigeria. The purpose was to learn how our government do things. We handle a service for the government and they came to that unit where we explained to them how we do the things we do. Interesting to note that, what you see in Ghana is just human organization. Unlike Nigeria that is a country of lawlessness, Ghana and her citizens are well organized and composed. Their model of development is to get the people sane and development would be quick, while Nigeria is running a model of leadership being the solution to our problems.

Both has an advantage and disadvantage.

During the highlevel meeting with the representatives of Ghanaian government, we discovered that we are miles away from them. In fact, most of our government processes are more optimized and organized than what you can find in Ghana. For instance, it takes only 48 hours to register a company in Nigeria and everything is automated. Same is not so with Ghana, it will take them years to figure it out. Most FIRS processes are currently automated, same is not so with Ghana whose processes are still at the manual level.

Our use of IT and cloud/web based applications for optimized processes is far beyond what Ghana can think of in the next 10 years.

After submitting an application to do same service for their government, they came back to us that their government wants an IT company in Ghana to do it. With the screenshots taken, I doubt they will figure it out. I have followed the project and I can tell you that they are yet to figure it out.

Nigeria is not the way it should be, and while the people continue to agitate for good governance, we should also improve ourselves so as to be ready for the good governance. Sanitizing the lawlessness in Nigeria will take nothing less than 20 years.


Attached please a screenshot of the proposal cover given to their team lead.

Noisyrians:
Mr, Physics I don't think you are right on many scores. it is not true that in 2018 it took years to register a company in Ghana. That is totally false. I registered a company in Ghana in 2010 and it took me less than six hours. what do you mean Ghana sent a top agency to nigeria to learn how to run things. run what things? What do you mean by things? you mean Ghanaians did not know how to run things before 2018? that is another falsehood. blatant falsehood

but why do nigerians always seek to take credit for other peoples success? many years ago Nigerians sent Ghanaians back to their country. they went back and rebuilt their country. Today, you nigerians want to take credit for the Ghana success story? By the way, the Ghana journey to success did not start in 2018. It started many years ago, so I don't even know what you are talking about.

as far as Nigeria's internal politics is concerned, I don't want to dabble into it because it none of my business. another thing I will tell you is that a people deserve the leaders they get. after all your leaders were not elected or appointed by Ghanaians. Or were they?

mrphysics:

Bro, I don't aim to join issues, I just wanted to correct some of the things most people do not know.

https: //rgd.gov.gh/Company%20Registration.html

https: //gra.gov.gh/forms/
etc

The two sites above are for Ghana Company Registration and Ghana Revenue Authority websites. Visit is and check with CAC and FIRS websites. Until 2020, Ghana hasn't figured out how to automate these processes that they still do it manually.

They are a whole lot of things about Ghana that is still manually done, waste a lot of time that Nigeria has fully automated. I didn't make reference to things I was told, I made reference to things I was involved in. I gave you a screenshot. If you are not convinced, then so be it.

I just told you the working model of Ghana which is get the people sane and law abiding. Unlike Nigeria where everyone is lawless, disobedience and all bad things is most valued. I am very much aware of ghana systems which are still very much manually done. These are things that we have moved far from and advancing. The who is who in Ghana can never say Who are Nigerians.

themaestro08:


How is where you live currently compared to Nigeria(in terms of standard of living)?

Noisyrians:
I don’t even understand what this man is saying ooh. You said it took years to register a company in Ghana and I am telling it is not true. Ask any nigerian living in Ghana if what you are saying is true. I told you I registered a company in Ghana in 2010 and it took me less than six hours and you are saying it’s not true? I don’t need to check any link to anything because I am in Ghana. You living in Nigeria wants to tell me you know more about what is happening in Ghana than me who lives here?

Chuchu27:


The Naira is actually higher than the Cedi, a lot of Nigerians have this misconception that it is the other way round , something a simple google search easily rebuff. The cedi is actually heavily denominated, with four zeros being removed . The current exchange rate is about 1 cedi = 66 Naira , in reality it is 10,000 cedis = 66 Naira . The image I attached below is from Wikipedia. A google search will reveal other references