Update those figures with the latest GDP figures. Kenya's total debt as of Jan 2020 was around 60B dollars - with GDP of 95B (we had projected to 99-100B) - we are about 63% instead of 60%. That is when sirens bleep red - and they have been - and we are working on reigning on that.

Note::Lower-middle-income country debt sustainability benchmark is 70 percent of GDP

Now for Ghana - last year you were 40% - this year you shot past kenya to 65% - and now with COVID - I bet it's 70%.

That is the definition of being CRAZY.

Just30:
Your debt is 64% right now and that is only the official figure that could be traced

You have sunk yourself into so much debt such that the only way to pay at this moment is to borrow more money and build up more interest payment.

That is a hopeless case

No brain will run to UN to seek 265 million dollars of aid

keep dreaming

Ghana is at 63% and 80% of Ghana's debt were spent on economic activities that can pay
All the companies are repaying Ghana's debt.In actuality, Ghana government a 20% debt to GDP but since government used it leverage to borrow for companies those debt are also accounted unto them.


Kenya GDP is 88 billion
as to how u managed to sell the 99 billion idea, only you can tell.
always massaging figures.

The other problem with the IMF facility is it comes with disclosure requirements -that you disclose your debt sustainability stats. That might not be a good reading for KE. If it shows HIGH RISK, that comes with other repercussions. But an IMF program was needed like yesterday!

rvp20182:
Update those figures with the latest GDP figures. Kenya's total debt as of Jan 2020 was around 60B dollars - with GDP of 95B (we had projected to 99-100B) - we are about 63% instead of 60%. That is when sirens bleep red - and they have been - and we are working on reigning on that.

Note::Lower-middle-income country debt sustainability benchmark is 70 percent of GDP

Now for Ghana - last year you were 40% - this year you shot past kenya to 65% - and now with COVID - I bet it's 70%.

That is the definition of being CRAZY.

rvp20182:
Extrapolated. Sounds like guesswork. GDP PPP is mostly calculated by World Bank's ICP - International Comparison Prog - and this was last done in 2011 I think. That is now nearly 10yrs.

The other people who do GDP PPP are the University of California (used to be the University of Pensyslavia) - and university of Gronigen through what is called the PWT (Penns World Table) - now that is in version 9.0

https://www.worldbank.org/en/programs/icp
https://www.rug.nl/ggdc/productivity/pwt/

Get it from me - the biggest problem with GDP PPP - is simple - apart from not taking care of the quality of goods and services - [b]is that daunting task of collating global basket of goods and service[/b]s...so GDP PPP is normally very outdated.

I'm not surprised that it's sounds confusing to a software engineer however the concept is pretty simple.

Secondly the WB icp survey was last done in 2017 not 2011.

Stop lying!! ICP was last done in 2011 and released in 2014. The ICP cannot keep up with economic dynamics - like the USD is doing - showing your sick economy almost immediately.

The release of the 2011 ICP round results in 2014 was met with some disagreement among scholars, but a dominant view emerged that they represent an improvement over the 2005 round. The release triggered a revision of the international poverty line which was updated from $1.25 / day in 2005 PPPs to $1.90 / day in 2011 PPPs. The IMF also uses the resulting PPPs in its Quota subscription allocation, as does the UNDP in the calculation of the Human Development Report’s Human Development Index (HDI), and a number of the SDGs involve PPPs in their measurement.

jl115:
I'm not surprised that it's sounds confusing to a software engineer however the concept is pretty simple.

Secondly the WB icp survey was last done in 2017 not 2011.

rvp20182:
Stop lying!! ICP was last done in 2011 and released in 2014. The ICP cannot keep up with economic dynamics - like the USD is doing - showing your sick economy almost immediately.

The release of the 2011 ICP round results in 2014 was met with some disagreement among scholars, but a dominant view emerged that they represent an improvement over the 2005 round. The release triggered a revision of the international poverty line which was updated from $1.25 / day in 2005 PPPs to $1.90 / day in 2011 PPPs. The IMF also uses the resulting PPPs in its Quota subscription allocation, as does the UNDP in the calculation of the Human Development Report’s Human Development Index (HDI), and a number of the SDGs involve PPPs in their measurement.

Go read your own source again mate

As for the rest of your post it has 0 relevance

In fact I checked - ICP 2017 - is just price survey
There have only been two ICP - 2005 and 2011
https://datacatalog.worldbank.org/search/datasets?search_api_views_fulltext_op=AND&query=ICP+&nid=&f%5B0%5D=type%3Adataset&sort_by=search_api_relevance&sort_by=search_api_relevance

Show me a link to ICP 2017. The world bank doesn't have it - maybe Azania Investment Analyst has it. There are price surveys done - here and there - but ICP are here. 2011 and 2005. That is how out-dated GDP PPP tends to get.
https://datacatalog.worldbank.org/search/datasets?search_api_views_fulltext_op=AND&query=ICP+&nid=&f%5B0%5D=type%3Adataset&sort_by=search_api_relevance&sort_by=search_api_relevance

jl115:

Go read your own source again mate

As for the rest of your post it has 0 relevance

Kenya is not Ghana. We will borrow 7B and pay 7B. It calls debt re-financing. and we will ring-fenced our 21B dollars revenues for development and running gov.

In the meantime, our economy is growing - and our revenues growing by near double-digit.

So soon enough we will go into debt leveraging...we will be repaying say 10B dollars - and borrowing 15B.

It called prudent public financial management - something ALIEN in your country

Just30:
According to the Latest revision forecast for debt service costs by Treasury

:
FY 19/20: 768.8 Billion [$ 7.2 Billion]
FY 20/21: 904.7 Billion [$ 8.46 Billion]
FY 21/22: 1.16 Trillion [$ 10.84Billion]
FY 22/23: 1.15 Trillion. [$10.75 Billion]

Kenya will be spending it entire revenue collected on debt servicing

This is a bankrupt country

rvp20182:
Kenya is not Ghana. We will borrow 7B and pay 7B. It calls debt re-financing. and we will ring-fenced our 21B dollars revenues for development and running gov.

of course you are not Ghana

You are in a worse situation and desperate

The Central Bank of Kenya (CBK) failed to raise enough in Treasury bill auctions in April to match maturing short-term debt as uncertainty over the coronavirus haunted investors.

Your government can't even access local debt instrument

There you go scrambling - find out how much interest CBK is dishing out. Ghana will not get there in 50yrs.

Kenya base lending rate/mpr is 7%.

So obviously investors will play ball....but treasury is not in hurry.

But Ghana MPR rate is 14.5%

And you hobbit - will get bank loan at 25% - or like Nigeria they will offer you a monthly rate of just 2% :

While Kenya gov is borrowing domestically at 8% - Ghana break is borrowing twice at 16% or more

HOBBITS - ya gat no brains.

Just30:
of course you are not Ghana

You are in a worse situation and desperate

The Central Bank of Kenya (CBK) failed to raise enough in Treasury bill auctions in April to match maturing short-term debt as uncertainty over the coronavirus haunted investors.

Your government can't even access local debt instrument

CBK is even praying that all interest payment seize

They have order that pension payment stop.
Your government is trying to use poor workers pension to pay debt interest

rvp20182:
There you go scrambling - find out how much interest CBK is dishing out. Ghana will not get there in 50yrs.

Kenya base lending rate/mpr is 7%.

So obviously investors will play ball....but treasury is not in hurry.

But Ghana MPR rate is 14.5%

And you hobbit - will get bank loan at 25%

Financial analysts say Kenya may require at least 2 years of debt relief to avert an economic crisis in the wake of the government’s shrinking revenue against the backdrop of COVID-19 pandemic.

Kenya is exploring debt-relief options and considering a freeze of interest payments on pension assets to deal with the coronavirus pandemic
according to Bloomberg

CBK doesn't PAY gov debts. Treasury own the debt. CBK is the Treasury Bank.

CBK is the gov banker. Your banker doesn't pay your debts.

Treasury (Ministry of Finance) just instruct the CBK to issue Treasury bills or bonds at certain price...and Treasury will decide to accept or not...if it get offers.

Just30:
CBK is even praying that all interest payment seize

They have order that pension payment stop.
Your government is trying to use poor workers pension to pay debt interest

and it didnt get offers because kenyans are already pressed by poverty

rvp20182:
CBK doesn't PAY gov debts. Treasury own the debt. CBK is the Treasury Bank.

CBK is the gov banker. Your banker doesn't pay your debts.

Treasury (Ministry of Finance) just instruct the CBK to issue Treasury bills or bonds at certain price...and Treasury will decide to accept or not...if it get offers.

Now you have no opinion of your own - now we have to listen to some financial analysts.
We will be fine.
We have reduced our budget from 33B to 30B - that 3B dollars cut will take of that stuff.
We have cut the development budget by 2B dollars.

Just30:

Financial analysts say Kenya may require at least 2 years of debt relief to avert an economic crisis in the wake of the government’s shrinking revenue against the backdrop of COVID-19 pandemic.

Kenya is exploring debt-relief options and considering a freeze of interest payments on pension assets to deal with the coronavirus pandemic
according to Bloomberg

Dream on. Treasury are already pass their projected borrowing and just playing sweat. This was COVID period - they got 400M dollars
https://khusoko.com/2020/04/12/9-year-treasury-bond-oversubscribed-by-114pct-central-bank-accepts-ksh-39bn/

Just30:
and it didnt get offers because kenyans are already pressed by poverty

I see you're into the quoting nonsense territory. Kenya is no 140 in GDP Per capita nominal. Ghana is 137 - and btw them is India and Nigeria.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

And if this updated - I bet Kenya has overtaken Ghana

Just30:
Kenya (is) at position 17 among POOREST countries in the world with..GDP Per Capita of $1,960.5

It is expected to fall further to position 15 in 2023

"The government borrowed like everything was going to be rosy. I doubt if China will offer..relief,"..

rvp20182:
Dream on. Treasury are already pass their projected borrowing and just playing sweat. This was COVID period - they got 400M dollars
https://khusoko.com/2020/04/12/9-year-treasury-bond-oversubscribed-by-114pct-central-bank-accepts-ksh-39bn/

I'm not dreaming

Kenya CBK couldn't raise Treasury Bills

I didn't mention Bond
https://www.businessdailyafrica.com/markets/marketnews/T-bill-auction-fails-to-raise-enough-cash-for-Sh104bn-maturities/3815534-5542620-ows5ulz/index.html

The Central Bank of Kenya (CBK) failed to raise enough in Treasury bill auctions in April to match maturing short-term debt as uncertainty over the coronavirus haunted investors.

rvp20182:
I see you're into the quoting nonsense territory. Kenya is no 140 in GDP Per capita nominal. Ghana is 137 - and btw them is India and Nigeria.
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita

And if this updated - I bet Kenya has overtaken Ghana

divide 88 billion dollars (9.5 Tr kshs) by whatever you pop is

dumb dumb

And Ghana GDP per cap is way above yours

This was last week
https://www.businessdailyafrica.com/markets/capital/Investors-horizon-shortens-as-91-day-paper/4259442-5535190-fefktqz/index.html

Meanwhile Ghana was under lockdown.

Kenya is HUMMING ALONG.

Just30:


I'm not dreaming

Kenya CBK couldn't raise Treasury Bills

I didn't mention Bond
https://www.businessdailyafrica.com/markets/marketnews/T-bill-auction-fails-to-raise-enough-cash-for-Sh104bn-maturities/3815534-5542620-ows5ulz/index.html

The Central Bank of Kenya (CBK) failed to raise enough in Treasury bill auctions in April to match maturing short-term debt as uncertainty over the coronavirus haunted investors.

rvp20182:
That a pretty raw nerve I touched there.

Stop being petty

You a grown man, act like it

You got a kid act like it

Your kid allowed to be childish and stupid dont compete with him

What is Ghana GDP today - 58B dollars I bet or less - divide by 30M - you're below 2,000

Just30:

divide 88 billion dollars (9.5 Tr kshs) by whatever you pop is

dumb dumb

And Ghana GDP per cap is way above yours

rvp20182:
This was last week
https://www.businessdailyafrica.com/markets/capital/Investors-horizon-shortens-as-91-day-paper/4259442-5535190-fefktqz/index.html

Meanwhile Ghana was under lockdown.

Kenya is HUMMING ALONG.

Anyway
Ghana is not under lockdown

The risk-free government paper are no longer RISK FREE.

Kenya gov't is contemplating deferring payment of interest on maturing Treasury bills and bonds.

This is simply a declaration of a default on domestic debt

rvp20182:
What is Ghana GDP today - 58B dollars I bet or less - divide by 30M - you're below 2,000

Ghana Nominal GDP is 68 billion



Bringing our Nominal GDP per Cap to 2,300 plus dollars
and PPP to 7,000 dollars plus

SkyOne11:
Selected emerging economies ranked on four measures of financial strength

Our ranking is at 14, surpassing some of the major economies in Europe, South America, and Asia. Meanwhile, Kenya ranked at 42. Ghana is even worse when ranked at 48.

hey! Hey! watch the words at bolded.
Please, we are allies with Ghanaians
We want to use them to destroy these Kenyans
Please, don't bash them abeg

Check USD - Cedis and update yourself. Your GDP has dropped by I think 15%. that is what happens when you do a copy-paste lockdown for a month- 1 month GDP is 10% off. That is why nominal GDP is the gold standard...the dollar is a pretty good predictor of the global economy.

Just30:
Ghana Nominal GDP is 68 billion



Bringing our Nominal GDP per Cap to 2,300 plus dollars
and PPP to 7,000 dollars plus

rvp20182:
Check USD - Cedis and update yourself. Your GDP has dropped by I think 15%. that is what happens when you do a copy-paste lockdown for a month- 1 month GDP is 10% off. That is why nominal GDP is the gold standard...the dollar is a pretty good predictor of the global economy.

Ghana's GDP has not dropped by even a single percent

Austine1213:


Is it possible fir kenyans not to post Nairobi and mombasa?

Ghana not to post accra and kumasi?

Nigeria not to post lagos and abuja?

Lol i wanna see something

When was the last time you saw pictures of Accra or Kumasi posted? Stop blowing hot air msanzi.