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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) (6449357 Views)
Am I The Only One Whos Tired Of This Kenya Is Ahead Thread / Femi Adesina: "I Don't Lie, No Matter What"; Nigerians React / Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode (2) (3) (4)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by BeforeJuly: 11:59pm On Jul 02, 2020 |
Torture2020:lol...you need to bring your cedis to Nigeria first before you understand fully what I'm saying...hell you could be another ignorant Ghanaian (you'll be joining the long line of them though...nothing surprising) who hasn't left Kumasi in his life. nigga I'm talking based on first hand information and experience. the naira has more value than the cedi so whether a cedi to naira is .0005 to 8000 the Naira is still valuable! ![]() why do you think Nigerians are plenty in Ghana? you think Ghana is the land of 'flowing milk and honey' ?? No bro!...far from it! Nigerian business men have just seen a place to get hard currency with some form of semblance to the dollar to remit back home...simple! the money they make in Ghana does A LOT IN NIGERIA but can barely afford anything in Ghana! your currency is playing you people HARRRRD! OPEN YOUR EYES FAM! ![]() and also I'm not trolling you, I'm just telling you to always resist that urge to latch on the naira vs cedi exchange rate pov. it always ends in tears. ![]() Torture2020:wow....very Rich analysis from our ghanaian Moody's representative! boy when you troll Nigeria with your 'generator powered economy' tag please highlight how big that economy is. ![]() and lastly, there is no country that wouldn't feel the covid-19 crunch...the US lost over 20million jobs in 3 months nigga!!! or is Ghana immune to the global economic slowdown? 6 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by BeforeJuly: 12:13am On Jul 03, 2020 |
vankelvin:Our currency doesn't have a very bright future on the short term but what I can tell you for free is that we weren't re-denominated in 2007. ![]() Also what I can tell you for free is that our currency isn't just strong on paper like the cedi. I can also tell you that the naira brings a lot more value to the table than the Ghanaian cedi. ![]() We could also talk about how the cedi makes basic stuff in Ghana expensive. ![]() You satisfied? vankelvin:Look who's talking! You don't just this exact thing here the last 12 or more pages so yes it is my concern! Also I don't like seeing my Ghanaian people Paying extremel prices for basic stuff. ![]() 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by BeforeJuly: 12:19am On Jul 03, 2020 |
Mkenya2019:What the fúck is this even supposed to mean? It's very obvious you understand little English now. So the kikuyu is now your sacred lamb where every thing he says is the gospel truth? *Scoffs in disbelief! ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 12:26am On Jul 03, 2020 |
vankelvin:They will pay the same bro!!...... Your logic mate ![]() ![]() 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vankelvin: 1:45am On Jul 03, 2020 |
BeforeJuly: That shows you how poor your country is. Ask your fellow nigerian's in Ghana and they will confirm to you the living standards in Ghana..very very high The Ordinary Ghanaian is used to it but nigerian's here always complain about how expensive Ghana is.. And for value of money, you need to ask your fellow nigerian in Ghana the value of Cedis when converted into naira.. Its just like you asking the value of Dollar in USA, it doesn't do much there, but change it into your country's currency and you will know the value,. As far as Currencies are concerned, Cedis is still higher than naira.. If re-denominating a Currency can change the fortunes of ''your country's currency'' then what are you waiting for? Are you waiting for Donald Trump to ask your Government to do a re-denomination of your currency? 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by vankelvin: 1:49am On Jul 03, 2020 |
jln115: They will pay the same only if shillings changed into Dollar is the same as Cedis. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by pacretus(m): 3:04am On Jul 03, 2020 |
vankelvin:now I understand you are just a teenager. If we are to go by your analysis, A Ghanaian lives a better life than a Japanese because 1 cedi = 19 Japanese yen ![]() ![]() ![]() Oh Ghanaians have a much higher standard of living than a south korean because 1 cedi= 207 South Korea Won. ![]() ![]() ![]() Don't be the clown and circus bro ![]() ![]() 6 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 3:12am On Jul 03, 2020 |
Mkenya2019: How do you let pastoralists run the country? |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 3:19am On Jul 03, 2020 |
SUFFERInSMILIIN: True. Racism is the default defence mechanism for losers. ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by forgiveness: 7:35am On Jul 03, 2020 |
vankelvin: How much is a bottle of Coke in Ghana? How much is a crate of egg or one egg in Ghana? What is the minimum wages in Ghana? 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 7:43am On Jul 03, 2020 |
jln115:Have you ever interacted with somalis? Between kenya and a country which has been in civil war for 30 years and hosts some of the most hardcore terrorists in the world, who do you think is on the wrong You think the waggalla ass whooping just fell out of the sky? Kenyan government was supposed to treat foreign sponsored insurgents with kid gloves, right? 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 7:52am On Jul 03, 2020 |
jln115: Since when did you become a terrorist sympathiser my friend? This is unbecoming of you. ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 7:53am On Jul 03, 2020 |
forgiveness: Capetown and joburg are wealthier, Durban+Umhlanga and Pretoria are behind lagos in terms of wealth. Despite the small population However it will surpus it in future Population of SA will not increase that much, it is projected thatthat in 50 years (2070) population will decrease 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 7:57am On Jul 03, 2020 |
vankelvin: The notion of Stron currency is not real reflection of thingsthings on ground However it most impacts on foreign loans and imported goods, that's where the real change comes 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 7:59am On Jul 03, 2020 |
pacretus: Dont laugh at anothet help him understand 4 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:01am On Jul 03, 2020 |
jln115: But whenwhen inflation,Vat, import duties etc of a country are factored in that'sthat's when prices change |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by forgiveness: 8:23am On Jul 03, 2020 |
Austine1213: How is Cape town wealthier? Prove it. ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mkenya2019: 8:27am On Jul 03, 2020 |
The present day currencies are paper money. It's fiat money. It's no longer backed by gold reserves. It has no intrinsic value. So a country can wake up and decide to print the "strongest" currency in the world - say 1000 dollar to 1cedis. You give them like a few years - and that currency will be 1 dollar to 1000 cedis - if they allow it to operate in free exchange. They can even go ahead - and forever peg it to a dollar - but that would require defending the currency against inflationary forces using forex reserves. The cedis outside Ghana is useless. Worthless. What works outside our borders are global currencies - USD (the king), Euro, British Pound, Swiss Franc, maybe Japanese Yens and now the Yuan. So for you to import anything - you'll need to buy dollars or any other global currency accepted. For you to fly abroad for education or medical need - you'll need to convert to dollars. For you (gov, individuals, companies) to repay international loans - you buy dollars. So naturally the cedis will weaken - unless you're China or Saudi or Japans - with trillion dollars of forex reserve - and you can make your currency strong internally by keeping it weak internationally. This makes their stuff very cheap to import - leading to more forex - feeding the loop. For the rest of us - if you try to defend your currency with your little forex reserves - you won't last long. Maybe you can survive with your own rules if you live in Central Africa - with very little in international trade and business. Therefore what is important for economy is A STABLE CURRENCY - this is part of the predictable environment that foster economic growth and sustainable development. A stable currency is a currency that doesn't swing so much. A currency that stores values. Nobody want to wake up tomorrow like a zimbwean to find they now need 10 times the currency to buy a loaf of bread. So you need a stable currency that doesn't depreciate or appreciate so fast against global currencies. Otherwise it will lead to inflation - price increases - will drive away investors - will generally lead to poverty. The weakest africa currencies the last 60-70yrs without doubt is anything named Zimbwabwe, anything named KWACHA and anything named CEDIS. This kind of negative feedback loop that plagues the CEDIS is hard to get out of - because many Ghanians and foreigners don't trust the cedis - so the economy become dollarized - people prefer to open dollar accounts - or to convert their cedis as quickly as possible to dollars - and try to store value. This leads to dollar strengthening...more dollar demands...more forex reserves are depleted. This weaken the cedis more. Getting out of that rat hole is very very difficult. You should see Zimbwabweans now. It about getting people to trust PAPER MONEY. vankelvin: 5 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by kikuyu1(m): 8:40am On Jul 03, 2020 |
Baliv254: You only need to see their interaction with everyone over the last century: see what Brits, Italians even Amharas say about them. You'll always hear the same ishyt-savagery, dishonesty and self SABOTAGE. The fact that they're the only heterogeneous society to suffer self destruction says more than enough.[b] It doesn't matter to Stoffie, though; he's deflecting from the inescapable Cacanderthal tendencies of violence, paranoia, faggotry, inbreeding and racism seen in all their descendants as far as SA. Tbh, there's no logical counterargument to their genetic legacy and therefore any further reiteration would be moot. 3 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by gallivant: 8:41am On Jul 03, 2020 |
pacretus: What does Japan and Korea have to with it? Why not compare the poverty in Nigeria with Korea while you are at it. |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:42am On Jul 03, 2020 |
forgiveness: In terms of wealth hands of people not gdp |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:57am On Jul 03, 2020 |
forgiveness: Most of Johannesburg’s wealth is concentrated in Sandton – home of the Johannesburg Stock Exchange and of head offices of most of Africa’s largest banks and corporates. “Total wealth” for the purposes of the report, refers to the total private wealth held by individuals living in each city. It includes all their assets – property, cash, equities and business interests – less any liabilities. Government funds are not included in the mix. Cape Town was ranked second on the survey. It is also popular among wealthy second homeowners from around the world. Cairo in Egypt was placed 3rd. It is home to more billionaires than any other African city. For the purposes of the report, billionaires are defined as individuals with net assets of $1 billion or more. Lagos in Nigeria is in 4th position. It is also the largest city in Africa [/b]in terms of population and gross domestic product – but not in terms of wealth.[b] In 5th place is Durban (including Umhlanga). It is one of the fastest-growing areas in South Africa in terms of wealth growth over the past 10 years, according to the report. Source :CGTN https://africa.cgtn.com/2019/10/09/johannesburg-is-the-wealthiest-city-in-africa/ |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 8:59am On Jul 03, 2020 |
forgiveness: 1 Like
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 9:02am On Jul 03, 2020 |
Austine1213:of course yes!! However that would only be the case if they were buying local using thier own currency... He specifically said they were paying dollars |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 9:04am On Jul 03, 2020 |
gallivant:The ANC was considered a terrorist organisation once to you know ![]() |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 9:06am On Jul 03, 2020 |
vankelvin:bro they are paying the same dollar value!! 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Nobody: 9:07am On Jul 03, 2020 |
jln115: Ohhh ok then its settled 1 Like |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Acadavah: 9:25am On Jul 03, 2020 |
vankelvin: Ghana have removed those zeros but the value of real cedis today would have been(pic1) instead of (pic2)
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Saddamochieng00(m): 9:26am On Jul 03, 2020 |
Zoogerians can you please explain this to me. How do 47 million people (The whole of Kenya) take the dump in the open. If we were to apply that ratio here... it means that 3 of the zoogerians in this forum do their business by the bush daily. ![]() ![]() 3 Likes
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Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:45am On Jul 03, 2020 |
jln115:sure The Cedi buys 2 times more things than the kshs. According to PPP |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Just30: 9:49am On Jul 03, 2020 |
The Cedi is more valuable than your kshs It buys 2 times more things than your kshs buys. that is how useless your kshs is. Mkenya2019: 2 Likes |
Re: Kenya Is Ahead of Nigeria In All Aspect (Facts Don't Lie) by Mkenya2019: 10:17am On Jul 03, 2020 |
Doesn't look like it https://www.numbeo.com/cost-of-living/compare_countries_result.jsp?country1=Ghana&country2=Kenya Indices Difference Info Consumer Prices in Kenya are 1.45% lower than in Ghana Consumer Prices Including Rent in Kenya are 19.74% lower than in Ghana Rent Prices in Kenya are 55.17% lower than in Ghana Restaurant Prices in Kenya are 18.37% higher than in Ghana Groceries Prices in Kenya are 10.42% lower than in Ghana Local Purchasing Power in Kenya is 93.19% higher than in Ghana Kenyans earn way more than you do - and our standard of living (and I bet quality of life) is way better than you. Just30: 2 Likes |
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