We are functioning country of course. Auditor general flagged the fines. Kenya and China differed on what debt relief meant. China insisted - we paid the fine - and continue to pay till now.

As late as this month - we just paid china 500M dollars.

Why would we default - and mess our country for 15yrs like Ghana

vaxx:
so I can believe the lies from your govt, why I must reject the fact from the sister agent that posted the evidence the same date your govt posted such lies
....


Note that both evidence were reported on the same date . The 13th of October 2022

rvp2018:
We are functioning country of course. Auditor general flagged the fines. Kenya and China differed on what debt relief meant. China insisted - we paid the fine - and continue to pay till now.

As late as this month - we just paid china 500M dollars.

Why would we default - and mess our country for 15yrs like Ghana

The lunatic is at it again

You already have messed your country up and been in default for 5 years already and need another 15 years to bring issues under control... That's the major reason why you runned to the IMF.


Ghana can never go bankrupt like Kenya ... And that is why we can self finance major infrastructure projects and are doing more .
We may have strain and stretch our finances but will never go broke


https://www.youtube.com/watch?v=4fufHxI-UJY

Nobody will be lending to Ghana is a LONG WHILE.

Ghana’s debt crisis is affecting companies beyond its borders.

South Africa’s four biggest banks (four of the continent’s five largest) plan to write off as much as $270 million of their investments in the West African nation’s bonds. That equates to a haircut of almost 60% in some cases.

Standard Chartered has set aside $160 million.

Firms in Nigeria and elsewhere will also have to take losses as the Ghanaian government works to restructure about $30 billion of its public debt. The costs to local lenders will only be known later.

They are just some of the losers from Ghana’s debt meltdown. S&P Global Ratings forecasts haircuts on foreign securities of as much as 50%.

The nation isn’t alone in Africa in facing a debt crunch — Zambia and Ethiopia are also in talks to revamp obligations. But the gold and oil producer’s fall from grace from one of the continent’s top investment destinations came as a shock.

https://www.bloomberg.com/news/newsletters/2023-03-17/the-rippling-costs-of-ghana-s-overspending

Just30:
The lunatic is at it again

You already have messed your country up and been in default for 5 years already and need another 15 years to bring issues under control... That's the major reason why you runned to the IMF.


Ghana can never go bankrupt like Kenya ... And that is why we can self finance major infrastructure projects and are doing more .
We may have strain and stretch our finances but will never go broke


https://www.youtube.com/watch?v=4fufHxI-UJY

Just30:
Kenya can't afford to import food,
can't afford to import fuel
can't finance any infrastructure project,
dollars shortages and etc
It has to not borrow which means years of underdevelopment will continue for more years.

Thats how Bankrupt Kenya is
A broke country

You should focus on Ghanaian issues. Stop projecting.

vaxx:
That is your madness.Argue with news agency that provide the evidence

vaxx:
I didn't price it for that , xhiang did. He was about buying your capital city for such amount

You are beyond help. A grown man should maintain some dignity.

Just30:
Kenya can't afford to import food,
can't afford to import fuel
can't finance any infrastructure project,
dollars shortages and etc
It has to not borrow which means years of underdevelopment will continue for more years.

Thats how Bankrupt Kenya is
A broke country

so this people don't know the meaning of shortage of dollars?


If you are short of international currency "" dollars "" then you are really broke because you can't even do neither

vaxx:
Good that it has come down . At first, fuel is just 180 naira , so if I say it has double the price, I am not far from fact . 300 naira is so little for a fuel in Nigeria . If they finnaly remove the subsidy on the fuel in Nigeria, be expecting your fuel to be around 600 to 700 naira . And Tinubu promised to removed it . Therefore you are going to pay more for fuel in some few months

How much is a litre of petrol in Ghana in naira terms?

Mkenya2019:
Nobody will be lending to Ghana is a LONG WHILE.

Ghana’s debt crisis is affecting companies beyond its borders.

South Africa’s four biggest banks (four of the continent’s five largest) plan to write off as much as $270 million of their investments in the West African nation’s bonds. That equates to a haircut of almost 60% in some cases.

Standard Chartered has set aside $160 million.

Firms in Nigeria and elsewhere will also have to take losses as the Ghanaian government works to restructure about $30 billion of its public debt. The costs to local lenders will only be known later.

They are just some of the losers from Ghana’s debt meltdown. S&P Global Ratings forecasts haircuts on foreign securities of as much as 50%.

The nation isn’t alone in Africa in facing a debt crunch — Zambia and Ethiopia are also in talks to revamp obligations. But the gold and oil producer’s fall from grace from one of the continent’s top investment destinations came as a shock.

https://www.bloomberg.com/news/newsletters/2023-03-17/the-rippling-costs-of-ghana-s-overspending

Which is none of Ghana's problem ....

Ghana will gain market access in a years time and everyone will be willing to loan Ghana money be because it is way more profitable

You're delusional.
After people have taken 50% losses; and have to wait untl 2037 to be repaid their principals.
They will rush back and throw away their money.

Even a mad man like you will not lend to Ghana gov soon.

Ghana gov is locked out for 15yrs min from both domestic and external market.

That is why defaulting is TERRIBLE

Just30:
Which is none of Ghana's problem ....

Ghana will gain market access in a years time and everyone will be willing to loan Ghana money be because it is way more profitable

Blitzkrieg254:
mtu anatoa wapi nguvu ya kutetea hii serikali, since waingia economic transformation gani wameleta atleast tuwe na hope!!!
Ndio maana tunaelekea kuwa a Shithole nation Hadi ata nguvu ya kutetea Kenya hapa hakuna kabisa.
Ile ujinga Iko Kenya ni too much.
Siasa ya pesa nane ya UNGA as if life ni Unga tu, nchi mbovu sana.
Currently ni pesa wanajiwekea na mabibi zao wakinunua magari tu.
Takataka

Kazikazi, translation please.

Wuoche:


He removed the fuel subsidy and used the subsidy money to buy cars for themselves.

This is the problem with African leaders. No nationalistic fire burning in them. It's all about what they can grab and give to their psycophants.
Imagine spending over 2 bn sh on cars for people who already have good cars.

Obaaderemi2:
Kazikazi, translation please.

That's actually Kazikazi. Ask him to post in English instead.

Obaaderemi2:
How much is a litre of petrol in Ghana in naira terms?

Approximation of 800 to 1000 naira depending on the exchange rate

Obaaderemi2:
How much is a litre of petrol in Ghana in naira terms?

12 cedis

Convert to naira

It is expensive than in Nigeria but cheaper than in Kenya

Blitzkrieg254:
mtu anatoa wapi nguvu ya kutetea hii serikali, since waingia economic transformation gani wameleta atleast tuwe na hope!!!
Ndio maana tunaelekea kuwa a Shithole nation Hadi ata nguvu ya kutetea Kenya hapa hakuna kabisa.
Ile ujinga Iko Kenya ni too much.
Siasa ya pesa nane ya UNGA as if life ni Unga tu, nchi mbovu sana.
Currently ni pesa wanajiwekea na mabibi zao wakinunua magari tu.
Takataka

Kwanza hiyo unga enyewe is retailing at 217. I don't see any hope in this government, Tanzania will overtake us within this five years.

Wuoche:


Kwanza hiyo unga enyewe is retailing at 217. I don't see any hope in this government, Tanzania will overtake us within this five years.

I like you son, tell them them tell them

vaxx:
Approximation of 800 to 1000 naira depending on the exchange rate

Then this is the major reason prices of basic goods are high in Ghana. This is exactly why I'm against total removal of subsidy.

Obaaderemi2:
Kazikazi, translation please.

Where can someone get the strength to defend this government,since they came to power which economic transformation have they brought so that at least we can have a hope!!

That's why we are going to be a shot hold country,even the strength to defend Kenya it is totally no more

The foolishness which is in kenya is too much

The politics of unga (maize meal flower) as if the whole life depends on unga. A very bad country

Currently they are only making money for themselves and their women,buying cars only

Rubbish

There is no hope for Raila. Maybe he can make a good Tanzania president.

Maize again was 230 last year.

And Ruto cannot use magic to lower maize prices - farmers must plant maize - Azimio thought they were punishing Ruto kalenjin farmers when they cut fertilizer subsidy and refused to buy maize. They went around Eldoret - arresting large maize farmers and sellers.

The outcome - Maize prices went record high of 230.

And Raila-Azimio lost election.

Maize will only come down from June - when first harvest come in June from South Rift.

Tell you people to back and farm - not throw stones - and expect miracles in supermarrket.

It's a miracle there is still maize in that supermarket - because international market - white maize is expensive and not available

Azimio mess can never be attributed to Ruto. Ruto from this year harvest - things will be fine - because again fertilizer subsidy is working

Wuoche:


Kwanza hiyo unga enyewe is retailing at 217. I don't see any hope in this government, Tanzania will overtake us within this five years.

rvp2018:
You're delusional.
After people have taken 50% losses; and have to wait untl 2037 to be repaid their principals.
They will rush back and throw away their money.

Even a mad man like you will not lend to Ghana gov soon.

Ghana gov is locked out for 15yrs min from both domestic and external market.

That is why defaulting is TERRIBLE

govt will be allowed into the market next year and the investors who have lost money will be happy to make those monies back ... People like Blackrock, grayhorn and Franklin Templeton will all be will to invest largely

You had a chance when a drunkard was running kenya - now you're hopeless - because Ruto is doing excellent job - setting sound economic policies.

Kazikazi:

Where can someone get the strength to defend this government,since they came to power which economic transformation have they brought so that at least we can have a hope!!

That's why we are going to be a shot hold country,even the strength to defend Kenya it is totally no more

The foolishness which is in kenya is too much

The politics of unga (maize meal flower) as if the whole life depends on unga. A very bad country

Currently they are only making money for themselves and their women,buying cars only

Rubbish

Ghana start repaying loan in 2026 or 2027....you will get market access next decade.

The terms of the new bonds include provision that upon maturity, the principal will be settled in instalments (2 instalments for the 2027 & 2029 bonds; 3 instalments for the 2023 bond & 5 instalments for the 2037 bond)

Just30:
govt will be allowed into the market next year and the investors who have lost money will be happy to make those monies back ... People like Blackrock, grayhorn and Franklin Templeton will all be will to invest largely

Kazikazi:

Where can someone get the strength to defend this government,since they came to power which economic transformation have they brought so that at least we can have a hope!!

That's why we are going to be a shot hold country,even the strength to defend Kenya it is totally no more

The foolishness which is in kenya is too much

The politics of unga (maize meal flower) as if the whole life depends on unga. A very bad country

Currently they are only making money for themselves and their women,buying cars only

Rubbish

That guy doesn't believe in Ruto at all.

Obaaderemi2:
Then this is the major reason prices of basic goods are high in Ghana. This is exactly why I'm against total removal of subsidy.

Yes, fuel is the major factor affecting the cost of goods and services in Ghana

Mkenya2019:
Ghana start repaying loan in 2026 or 2027....you will get market access next decade.

The terms of the new bonds include provision that upon maturity, the principal will be settled in instalments (2 instalments for the 2027 & 2029 bonds; 3 instalments for the 2023 bond & 5 instalments for the 2037 bond)

Ghana is already repaying loans as it creditors have confirmed .... Market access will be restored next year.


Ghana is too good a market to investors and they are rushing to have the opportunity to in a country that import 12 billion dollars worth of services and export 9 billion dollars worth of services.

Just30:
12 cedis

Convert to naira

It is expensive than in Nigeria but cheaper than in Kenya

And it is also cheaper than neighbouring Togo and bourkina faso as well. It used to be the opposite last year. At least the Gold for oil deal idea is a valuable one

vaxx:
And it is also cheaper than neighbouring Togo and bourkina faso as well. It used to be the opposite last year. At least the Gold for oil deal idea is a valuable one

There's no gold for old... It was a negotiation strategy.

It's cheap because the cedi value has improved

Mkenya2019:
There is no hope for Raila. Maybe he can make a good Tanzania president.

Maize again was 230 last year.

And Ruto cannot use magic to lower maize prices - farmers must plant maize - Azimio thought they were punishing Ruto kalenjin farmers when they cut fertilizer subsidy and refused to buy maize. They went around Eldoret - arresting large maize farmers and sellers.

The outcome - Maize prices went record high of 230.

And Raila-Azimio lost election.

Maize will only come down from June - when first harvest come in June from South Rift.

Tell you people to back and farm - not throw stones - and expect miracles in supermarrket.

It's a miracle there is still maize in that supermarket - because international market - white maize is expensive and not available

Azimio mess can never be attributed to Ruto. Ruto from this year harvest - things will be fine - because again fertilizer subsidy is working

Which farmers are you talking about yet Kitale and Rift valley people are crying that government doesn't want to buy their maize? Please tell us.

Anyone intelligent like this guy knew you were going bankrupt. Now you're still delusional. Investor will take years to forget and forgive - 50% haircut - is 15B dollars. If Ghana gov is able to borrow - it will be very short term loan (treasury bills) with very expensive interest rate - only few risk takers will taker it.

Bright Simons
@BBSimons
In 2021 Kenya will spend ~15% of govt income servicing debt. Ghana will spend ~45%. Kenya went for an IMF loan of $2.4bn to be disbursed over 3 yrs at a ~2% interest rate. Ghana just borrowed $3bn at an avg rate of 8%+. 200,000 Kenyans are protesting. Ghana is celebrating. 🤷🏽‍♂️

Just30:
Ghana is already repaying loans as it creditors have confirmed .... Market access will be restored next year.


Ghana is too good a market to investors and they are rushing to have the opportunity to in a country that import 12 billion dollars worth of services and export 9 billion dollars worth of services.

Mkenya2019:
Kenya is on right track. Your Azimio folks will eat your humble pies for 20yrs.

Those of us who elected Ruto administration - are happy with it. Few broken promises - but generally gov is going on well.

https://tracker.mzalendo.com/first-100-days/
Status: Completed
Category: The Services Economy
Budget:

Return Port Operations to Mombasa

Status: Completed
Category: Governance
Budget:

Allocate specific responsibilities to Deputy President and Prime Cabinet Secretary.

Status: Completed
Category: MSME Economy
Budget:

Hustler Fund

Status: Completed
Category: Security & Public Service
Budget:

Implement the constitutional requirement of a financially independent police service commission.

Status: Completed
Category: Governance
Budget:

Appoint all judges nominated by the Judicial Service Commission to the court of appeal

Status: Completed
Category: Foreign Policy & Regional Integration
Budget:

Promise 4: Foreign Policy and Regional Integration

Status: Ongoing
Category: Governance
Budget:

Complete transfer of all functions constitutionally earmarked as devolved functions to counties

Status: Ongoing
Category: Security & Public Service
Budget:

Ensure commission review to improve remuneration and terms of service for all officers in the security sector commensurate with the cost of living

Status: Ongoing
Category: Foreign Policy & Regional Integration
Budget:

Diaspora Issues

Status: Ongoing
Category: Governance
Budget:

Operationalize the Judiciary Fund

Status: Ongoing
Category: Security & Public Service
Budget:

Promise 15: Security and Social Protection

Status: Ongoing
Category: Governance
Budget:

Promise 9: Governance

Status: Not Started
Category: Security & Public Service
Budget:

Ensure contributory benevolent fund for families of fallen and terminally ill officers.

Status: Not Started
Category: MSME Economy
Budget:

Promise 11: Micro, small and; Medium Enterprises

Status: Not Started
Category: Sports
Budget:

Promise 10: Sports

Status: Not Started
Category: Social Protection
Budget:

Promise 8: Social Protection

Status: Not Started
Category: Women Agenda
Budget:

Promise 6: Women Agenda

Status: Broken
Category: Governance
Budget:

Complete transfer of all functions constitutionally earmarked as devolved functions to counties

Status: Broken
Category: The Services Economy
Budget:

Reduce the price of cooking flour (Unga)

Status: Broken
Category: Security & Public Service
Budget:

Harmonize affordable housing mortgages to be available for public servants and police

Status: Broken
Category: ICT
Budget:

Free internet and calls

Status: Broken
Category: Women Agenda
Budget:

Have 50% of the Cabinet held by women

Status: Broken
Category: Women Agenda
Budget:

Implement the two-thirds gender rule.

Status: Stalled
Category: The Services Economy
Budget:

Reduce fuel prices

hiii Enda ambia watoto wa Nursery.
Lies After Lies.

It's too late to buy maize now for strategic reserves.
Maize millers cannot even find the maize.
Maize now is very expensive - because not a lot was planted - therefore farmers are making a kill

Azimio messed up big time and fell on it's sword.

Solution for maize subsector are well known. Ruto has done it before. He is also a maize farmer.

1) Give farmers cheap fertilizers & inputs. Then wait for six months.
2) As soon as they harvest - buy cheaply maize - about 4-5 million bags - store them in strategic reserves.
3) Leave the rest - about 40m bags - for millers to buy from farmers.

Whenever millers run out maize - release few thousands bags from strategic reserves - to smooth out supply issues.

Your AZIIMIO IDIOTS will not get it.

Wuoche:

Which farmers are you talking about yet Kitale and Rift valley people are crying that government doesn't want to buy their maize? Please tell us.