texaco1: Ghanians are arrogantly stuuupid to say the least. The warning signals has always been there and even any blind man will know that the ghanian economy would take a serious fall but each time the issue was raised by some sensible ghanians ,the ppl always Labelled them prophet of doom and kept using nigeria as a comparison that nigeria as rich as she is ,is still having problem .I remember telling some of lecturers in ghana that their currency is too strong for their economy and that sooner or later the fake castles they are building will collapse only for them to reply me by shouting osei ghana meaning great ghana . Their politicians are even worse than nigeria politicians ,if nigerians are calling gej clueless, I don't know what word should be used for mahaman maybe father clueless .now they have to go back to square one and begin all over again.

jeffizy: While I sympathize with the GH people, I will still like to point out that the fault came from their famed re-denomination of 2006/2007.
It was a major paint coating of rottenness by the Government.
Governments’ concerns about credibility, and the effect of currencies on national identity rather than the systematic reduction of inflation has finally caught up with them.

One area of reform should be to reduce the size of the informal economy. The informal economy in Ghana is significantly larger than the formal economy. Very few people in the country transact business by using cheques. Even government transactions such as registration fees or payment of license fees or court fines are done in cash.
Nigeria should open their eyes lest they fall into the same cesspit. If we ain't there already.

ejiro2130:


This has nothing to do with re domination of the cedis
Ghana economy solely depend on Gold trading, the price of gold crashed a year
The government over spent it budget around the same period by 50% jst to rig elections
60% of miners in the country are without jobs that's lyk half the population of the
country
The clueless government is seriously increasing taxes,

Seriously nigerians should really start appreciating GEJ

Raymondenyi: I don't understand all these economic jargons ; can U pls help me throw more light..

jeffizy:
Guess you are an insider.
Good to read from your angle.

jeffizy: While I sympathize with the GH people, I will still like to point out that the fault came from their famed re-denomination of 2006/2007.
It was a major paint coating of rottenness by the Government.
Governments’ concerns about credibility, and the effect of currencies on national identity rather than the systematic reduction of inflation has finally caught up with them.

One area of reform should be to reduce the size of the informal economy. The informal economy in Ghana is significantly larger than the formal economy. Very few people in the country transact business by using cheques. Even government transactions such as registration fees or payment of license fees or court fines are done in cash.
Nigeria should open their eyes lest they fall into the same cesspit. If we ain't there already.

texaco1: u need to have lived in ghana to understand whatt really went wrong. I stayed there throughout the time of atta mills and I saw how the Chinese were doing and how corruption rose astronomicaly. They kept importing everything and gradually the manufacturing companies started folding up.and at the same time was borrowing money in huge sum all on the assumption that their oil will solve the lending problem. They even used their oli as a collateral at some point . With all due respect to ghanians , nigerians are smarter than that.

JANK23H: This is quite revealing.I thought most of the companies that left Nigeria went to Ghana like we were told.

texaco1: during the time of kuffor ,many companies went and established in ghana .kuffour belongs to npp . He did some wonderful things in ghana and his party had wonderful plans . Immidiately the opposition won which is the ndc ,they didn't continue with what kuffour laid or started ,they simply threw it out of the window and secondly the ndc president then was a very weak and sick man. His name was john evans atta mills although he was a good man. The decay started creeping in gradually , before I left ghana I told them that by the time I visit that place again ,most houses will be using generators ,they thought I was joking but even before I left their power supply and generation had been highly unstable and even in accra power was been rotated,and like someone told me the situation has even worsened .the blame was first put on nigeria that a gas pipe line had problems but when the problem persisted ppl started asking the govt questions . I think only a ghanian can corroborate what I am saying on anyone living in ghana . Believe it or not many ghanians even as of last year wanted to travel to nigeria and start doing laborer work due to the hardship there. Bros,visit ghana and see what I am talking about

texaco1: u need to have lived in ghana to understand whatt really went wrong. I stayed there throughout the time of atta mills and I saw how the Chinese were doing and how corruption rose astronomicaly. They kept importing everything and gradually the manufacturing companies started folding up.and at the same time was borrowing money in huge sum all on the assumption that their oil will solve the lending problem. They even used their oli as a collateral at some point . With all due respect to ghanians , nigerians are smarter than that.

ejiro2130:


This has nothing to do with re domination of the cedis
Ghana economy solely depend on Gold trading, the price of gold crashed a year
The government over spent it budget around the same period by 50% jst to rig elections
60% of miners in the country are without jobs that's lyk half the population of the
country
The clueless government is seriously increasing taxes,

Seriously nigerians should really start appreciating GEJ

iamord:


I. Tell U ghanaians are smarter than that. The NDC just don't have a plan for ghana and that was the result. My problem with majority of ghanaians was shutting their eyes and being tribalistic and voting ndc in. You must also know that ghana juust clocked middle income.. So its prone to shake up.. But the. Present government did not care..and are extremely corrupt. I. Know ghana. Will get out. Pretty soon and move on

texaco1: jj rawling gave repeated warnings about ndc goverment corruption and warned ghana ins despite the fact that he rawling is the founder of that party . All ghanians kept shouting was e dey be keke. Now rawlings has been vindicated . Nana ado dankwa was their chance ,but imagine ppl saying he is too short to be their president. Well goodluck to ghana

texaco1: go and consult ur economics text book and ur teacher ,if your brains says it is all jargons . And please don't qUote me again. Kindly discUss with someone else.

iamord:


Now u sounding like a ghanaian.. Lol.. U r very right, but don't even call that rawlings cos he also has hand in this issue.. Majority of the ghanaians asked for what they seeing now, when I heard someone say they prefer a Dog to rule ghana than nana addo.. I knew that was it.. Any person that was in ghana in koufours regieme will attest to how ghana was fast developing.. But triblastic people were just ranting around.. Now ndc is in and they are complaining. Ghanaians have themselves to blame.. One other thing that annoys me is the way people depend on God and church as a solution.. Sitting close to tv sets always watching tv joshua instead of getting up to work the country.. Gosh! What kind of people do we have In africa!! Am so pissed! I pray to become president one day

AllahCock: The ediots just knocked of 2 zeros from their currency without nothing to back it.

Ghanaians are real charlie kung fools

texaco1: I watched their presidential debate and out of the 4 of them ,only ndoum spoke with knowledge about the economic problems of ghana and solutions to it,next was nana ado dankwa . I think the lesson to be learnt here is for any country to get it right economically they first need to get it right politically. Clinton spent 8years and the us economy boomed only for bush to reverse it all withing four years

Truckpusher: They do not understand simple Economics especially when you have Western Shylocks all over the African economy.

Whoever sold this idea to the Ghanaians must be an agent of the West

This lesson was learnt by IBB and co in the 80s and OBJ as a strong leader refused to buy the idea when Soludo the former CBN Governor brought it to the table

Long Live Nigerian leaders even if they are corrupt, there are some economic trap they've refused to fall into.

The West will screw Ghana's economy nicely - maybe we are about to witness another round of 'Ghana must go' exodus.

Good morning my loudmouthed fellow West Africans.

Isala chi.......According to my Igbo brothers

Obrafour: Yet, Ghana remains the hub of stability in west africa where millions of your compatriots seek shelter from your failing state.

Truckpusher: You are it getting all wrong,Your so-called stability will soon collapse as soon the economy hits the gutters.

Nigeria isn't failing but passing through a dangerous phase that every nation that aims for greatness may have to go through ,in fact sometimes they will have to go to war and after then comes the balance. A balance that your country men have not even started the journey, but we've gone far and even about to pay the price for aspiring for greatness.

We are actually buying everything in your tiny country,setting up businesses that your wretched country men can't dream of and come 20 yrs from now you'd be working for Nigerians and this is why you'll remain a banana republic because your biggest neighbor is about to have a population and economic growth that'd swallow your tiny colonial village you call country.

Mark my words ,your country is doomed because like the locust we'll swallow you up.

Obrafour: hahahahaaaaa!!!!!!! passing phase indeed, I guess you will also flee with civilians from boko haram attacks and declare "tactical redrawal" and find yourself disarmed in Cameroon just like what your mumu army did, for what its worth, unlike you, I am not using a generator.