We have truly failed.

Have you noticed a recent trend that serious minded people (foreigners especially) no longer discuss the issues of Nigeria? I’m sure that a lot of them are beginning to doubt if really we are humans. It’s sad, we should be in sack cloths as in biblical times of distress.

This ignorance and arrogance must stop.Yes Ghanaian currency is stronger than the Chinese yen and the Japanese currency.Including the South African rand and any most other currencies in Africa and world wide.The issue is the Chinese and Japanese currency has been on a planned devaluation in order to reduce the likelihood of Americans and Europeans from investing in the country and later redrawing all their investment to cripple the economy.China and Japan unlike Africa exports goods worth trillions of dollars than importation so they don't really use the dollar and so they keep them as huge dollar reserves so the worser their currency the better for them so the others don't take advantage of their strong currencies.Remember Greece were in huge financial crises due to the strong value of the Euro.For Africa it is opposite of the Asian countries.We import 98 percent of our daily commodities and export few due to the raw exportation of our natural resources.We don't even process or refine them for exports so there is little value and we end up gathering all the local currencies to exchange it for the few dollars in our system and the foreign companies are given the chance to recoup and send all their profits in offsore accounts so our currency becomes weaker every time and we have little or no proper dollar deserve.The Cedi is stronger than the Naira.Do you know the billions of dollars pumped into the redomination in Ghana 2007.There had to be retrieve of all the old currencies in exchange for new ones nationwide.If it was that easy ,Turkey,Zimbabwe,Venezuela would have done it.It was a multi billion dollar redomination.Why do you think Nigeria have not tried it all these decades of falling of the failing Naira.Now your Kobo is useless.Ghana still uses its coins.About the so called purchasing power it varies.The cost of living in US is higher than Ghana.A bottle of coke in US is $1.78 which is about 9.8 Ghana Cedis.The same bottle produced by CokaCola sells it for 1.00 Ghana Cedis.So who has a better so called purchasing power.Mind you,taxes in Ghana are far higher and Value Added tax is added abnormally to these manufactured protectsTaxes makes up 20% of our GDP in Ghana compared to 5.3% in Nigeria.This was IMF fiscal policy to increase taxes to sustain the economy.Ghana's economy is the second fastest growing economy in Africa and was first until recently.The new rebased economy is now over 60 billion dollars for a population of 28,000,000.And Lagos is not richer than GhanaThat is pure ignorance.Our GDP PPP is worth over 200 billion dollars.Accra's GDP alone is about 35 billion dollars and the tenth richest city of Africa with a population of 4 million on that same website.Lagos is even fourth with Johannesburg,Cairo and others beating him.We can therefore also say Accra is richer than even Uganda who has a lesser Norminal GDP than Accra's GDP PPP but that is wrong assumption and arrogance.What you guys always see wasThis is because an average Ghanaian enjoys better Electricity,Water,infrastructure,free and better health,better equipped security relative to population size and other factors therefore increasing the standard of living and automatically cost of living than Nigeria.Ghana pays for higher petrol prices than Nigeria because there is no government subsidies on petrol.Prices are determined by demand and supply which is a real capitalism unlike maybe Nigeria with government intervention.All the Same,1cedi equals about 65 naira.This makes the cedi more valuable than the naira and even the Japanese yen.It doesn't mean we are richer than them.The Asians intentionally trickle down their value of their currency to discourage imports and encourage exports which they do it perfectly

chrisagyei:
This ignorance and arrogance must stop.Yes Ghanaian currency is stronger than the Chinese yen and the Japanese currency.Including the South African rand and any most other currencies in Africa and world wide.The issue is the Chinese and Japanese currency has been on a planned devaluation in order to reduce the likelihood of Americans and Europeans from investing in the country and later redrawing all their investment to cripple the economy.China and Japan unlike Africa exports goods worth trillions of dollars than importation so they don't really use the dollar and so they keep them as huge dollar reserves so the worser their currency the better for them so the others don't take advantage of their strong currencies.Remember Greece were in huge financial crises due to the strong value of the Euro.For Africa it is opposite of the Asian countries.We import 98 percent of our daily commodities and export few due to the raw exportation of our natural resources.We don't even process or refine them for exports so there is little value and we end up gathering all the local currencies to exchange it for the few dollars in our system and the foreign companies are given the chance to recoup and send all their profits in offsore accounts so our currency becomes weaker every time and we have little or no proper dollar deserve.The Cedi is stronger than the Naira.Do you know the billions of dollars pumped into the redomination in Ghana 2007.There had to be retrieve of all the old currencies in exchange for new ones nationwide.If it was that easy ,Turkey,Zimbabwe,Venezuela would have done it.It was a multi billion dollar redomination.Why do you think Nigeria have not tried it all these decades of falling of the failing Naira.Now your Kobo is useless.Ghana still uses its coins.About the so called purchasing power it varies.The cost of living in US is higher than Ghana.A bottle of coke in US is $1.78 which is about 9.8 Ghana Cedis.The same bottle produced by CokaCola sells it for 1.00 Ghana Cedis.So who has a better so called purchasing power.Mind you,taxes in Ghana are far higher and Value Added tax is added abnormally to these manufactured protectsTaxes makes up 20% of our GDP in Ghana compared to 5.3% in Nigeria.This was IMF fiscal policy to increase taxes to sustain the economy.Ghana's economy is the second fastest growing economy in Africa and was first until recently.The new rebased economy is now over 60 billion dollars for a population of 28,000,000.And Lagos is not richer than GhanaThat is pure ignorance.Our GDP PPP is worth over 200 billion dollars.Accra's GDP alone is about 35 billion dollars and the tenth richest city of Africa with a population of 4 million on that same website.Lagos is even fourth with Johannesburg,Cairo and others beating him.We can therefore also say Accra is richer than even Uganda who has a lesser Norminal GDP than Accra's GDP PPP but that is wrong assumption and arrogance.What you guys always see wasThis is because an average Ghanaian enjoys better Electricity,Water,infrastructure,free and better health,better equipped security relative to population size and other factors therefore increasing the standard of living and automatically cost of living than Nigeria.Ghana pays for higher petrol prices than Nigeria because there is no government subsidies on petrol.Prices are determined by demand and supply which is a real capitalism unlike maybe Nigeria with government intervention.All the Same,1cedi equals about 65 naira.This makes the cedi more valuable than the naira and even the Japanese yen.It doesn't mean we are richer than them.The Asians intentionally trickle down their value of their currency to discourage imports and encourage exports which they do it perfectly

So, in summary Ghana's economy is better than Lagos and Nigeria and even S.A?

kinibigdil:
So, in summary Ghana's economy is better than Lagos and Nigeria and even S.A?

Well let me first educate you on this. No, a city does not have a GDP.IMF and World Bank do not measure a city' GDP.Some websites and companies just sit somewhere and do a rough estimation. Some people try to estimate (guess?) GDP for some (large) cities, but the results are ambiguous.
GDP means Gross Domestic Product. A key word is “domestic”. It relates to home country. Note, for example, that in the USA there is only one GDP figure for the whole country. You can get a statistics called Gross State Product for individual states - and it is intentionally called a different name, not GDP. Even though some US states are larger than many countries.
A city is usually not large enough to be a good statistical unit for GDP. The main problem is distinguishing what part of income/production is generated within a city and what part is generated in the same country, but outside the city. It is nearly impossible to do so and remember all cities depends on national budget.And to your question,Ghana's economy is fast outperforming Nigeria who is in a serious recession and stagnant growth and also that of South Africa who grew at 0.8% last year compared to our 6.9% growth.The quarter of the year,IMF and world Bank projected Ghana's economic growth to 8.3%.The world's fastest but the fugure slightly dropped and India,Ethiopia overtook as at the end of the year but we are second best in Africa to Ethiopia.US economy is far larger than India and China but they keep growing and improving faster than them.

Oh Omotola why? Exchange rate does not equal purchasing power

Oh not again!!!

illitrate:
This woman does not know the meaning of economy. The naira still has more value.

I'd tell you something

the Korean won is far weaker than the naira, the rand and the Cedi

But their economy is far bigger than Nigeria, South Africa and Ghana put together

Their per capita is much bigger too, and they enjoy the quality if life that even "rich" Nigerians can only dream of

stillwendy:
What she didn't tell us is how she spent 35cedis on cab/private taxi and the ride isn't more than 30mins. Ghana currency doesn't have value. You can use 10,000naira for something reasonable but in Ghana 120cedis won't last you for 1week.

things are too expensive there

Read and learn

kinibigdil:
So, in summary Ghana's economy is better than Lagos and Nigeria and even S.A?

chrisagyei:
This ignorance and arrogance must stop.Yes Ghanaian currency is stronger than the Chinese yen and the Japanese currency.Including the South African rand and any most other currencies in Africa and world wide.The issue is the Chinese and Japanese currency has been on a planned devaluation in order to reduce the likelihood of Americans and Europeans from investing in the country and later redrawing all their investment to cripple the economy.China and Japan unlike Africa exports goods worth trillions of dollars than importation so they don't really use the dollar and so they keep them as huge dollar reserves so the worser their currency the better for them so the others don't take advantage of their strong currencies.Remember Greece were in huge financial crises due to the strong value of the Euro.For Africa it is opposite of the Asian countries.We import 98 percent of our daily commodities and export few due to the raw exportation of our natural resources.We don't even process or refine them for exports so there is little value and we end up gathering all the local currencies to exchange it for the few dollars in our system and the foreign companies are given the chance to recoup and send all their profits in offsore accounts so our currency becomes weaker every time and we have little or no proper dollar deserve.The Cedi is stronger than the Naira.Do you know the billions of dollars pumped into the redomination in Ghana 2007.There had to be retrieve of all the old currencies in exchange for new ones nationwide.If it was that easy ,Turkey,Zimbabwe,Venezuela would have done it.It was a multi billion dollar redomination.Why do you think Nigeria have not tried it all these decades of falling of the failing Naira.Now your Kobo is useless.Ghana still uses its coins.About the so called purchasing power it varies.The cost of living in US is higher than Ghana.A bottle of coke in US is $1.78 which is about 9.8 Ghana Cedis.The same bottle produced by CokaCola sells it for 1.00 Ghana Cedis.So who has a better so called purchasing power.Mind you,taxes in Ghana are far higher and Value Added tax is added abnormally to these manufactured protectsTaxes makes up 20% of our GDP in Ghana compared to 5.3% in Nigeria.This was IMF fiscal policy to increase taxes to sustain the economy.Ghana's economy is the second fastest growing economy in Africa and was first until recently.The new rebased economy is now over 60 billion dollars for a population of 28,000,000.And Lagos is not richer than GhanaThat is pure ignorance.Our GDP PPP is worth over 200 billion dollars.Accra's GDP alone is about 35 billion dollars and the tenth richest city of Africa with a population of 4 million on that same website.Lagos is even fourth with Johannesburg,Cairo and others beating him.We can therefore also say Accra is richer than even Uganda who has a lesser Norminal GDP than Accra's GDP PPP but that is wrong assumption and arrogance.What you guys always see wasThis is because an average Ghanaian enjoys better Electricity,Water,infrastructure,free and better health,better equipped security relative to population size and other factors therefore increasing the standard of living and automatically cost of living than Nigeria.Ghana pays for higher petrol prices than Nigeria because there is no government subsidies on petrol.Prices are determined by demand and supply which is a real capitalism unlike maybe Nigeria with government intervention.All the Same,1cedi equals about 65 naira.This makes the cedi more valuable than the naira and even the Japanese yen.It doesn't mean we are richer than them.The Asians intentionally trickle down their value of their currency to discourage imports and encourage exports which they do it perfectly

Wisdom is killing you my brother❤️

Ugosample:


things are too expensive there

do you see us complaining ?
we have a 20% VAT on everything

Just30:
do you see us complaining ? we have a 20% VAT on everything

does not change the fact that thing's are you expensive in Ghana

30 GHC from Haatcho to airport?
Amongst other things

Ugosample:


does not change the fact that thing's are you expensive in Ghana


30 GHC from Haatcho to airport?

Amongst other things

Ah but we the citizens who live in Ghana have not complain
so what's your problem ?
Ghana is an expensive place to live
it is less expensive than LA

the standard of living is high and so are incomes

Just30:
Ah but we the citizens who live in Ghana have not complain
so what's your problem ?
Ghana is an expensive place to live
it is less expensive than LA

the standard of living is high and so are incomes

standard of living is high

Make I laugh; D

She can call it mere but the value is equally mere cus ¢120 is nothing at all here... I hope she come back to explain how she spent the ¢120 and then take back her words. That one na money for here? Abegi omotola u dont know

Ugosample:


standard of living is high

Make I laugh; D

THATS a fact

Healthcare is far accessible than anywhere in West and Central Africa
Security is available
electricity is widespread and available than anywhere else in Africa with the exception of South Africa
Water supply is highly available
Gas supply is highly accessible and available at all times
Wages are way higher here
Good roads
etc etc etc etc