Re: Ghana Completes Complex Interchange For Just $94 Million by Idiko1: 12:18pm On Jul 10, 2021 |
Aconomist: How much do you think this would cost in Nigeria? At least, thrice the amount quoted in the caption of the thread. |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:24pm On Jul 10, 2021 |
Vaughanlanrewaj:
Ghana has been broke since last year and yet to get out of it! Lagos is far ahead of the whole of Ghana!
IMF Executive Board approves a US$1 billion disbursement to Ghana to address the COVID-19 Pandemic
April 13, 2020
On April 13, 2020, the IMF Executive Board approved the disbursement of US$1 billion to be drawn under the Rapid Credit Facility.The COVID-19 pandemic is already impacting Ghana severely. Growth is slowing down, financial conditions have tightened, and the exchange rate is under pressure.The authorities have timely and proactively responded to contain the spread of the COVID-19 pandemic in Ghana and support affected households and firms.
The Executive Board of the International Monetary Fund (IMF) today approved the disbursement of SDR 738 million (about US$1 billion) to be drawn under the Rapid Credit Facility (RCF). The disbursement will help address the urgent fiscal and balance of payments needs that Ghana is facing, improve confidence, and catalyze support from other development partners.
The COVID-19 pandemic is already impacting Ghana severely. Growth is slowing down, financial conditions have tightened, and the exchange rate is under pressure. This has resulted in large government and external financing needs. The authorities have timely and proactively responded to contain the spread of the COVID-19 pandemic in Ghana and support affected households and firms.
The IMF continues to monitor Ghana’s situation closely and stands ready to provide policy advice and further support as needed.
Following the Executive Board’s discussion of Ghana, Mr. Zhang, Deputy Managing Director and Chair, issued the following statement:
“The COVID-19 pandemic is impacting Ghana severely. Growth is projected to slow down, financial conditions have tightened, and the exchange rate is under pressure. The budget deficit is projected to widen this year given expected lower government revenues and higher spending needs related to the pandemic. The Fund’s emergency financial assistance under the Rapid Credit Facility will help address the country’s urgent financing needs, improve confidence, and catalyze support from other international partners.
“The authorities’ response has been timely, targeted, and proactive, focused on increasing health and social spending to support affected households and firms. The Central Bank has recently taken steps to ensure adequate liquidity, preserve financial stability, and mitigate the economic impact of the pandemic, while allowing for exchange rate flexibility to preserve external buffers.
“The uncertain dynamics of the pandemic creates significant risks to the macroeconomic outlook. Ghana continues to be classified at high risk of debt distress. The authorities remain committed to policies consistent with strong growth, rapid poverty reduction, and macroeconomic stability over the medium-term.
“Additional support from other development partners will be required and critical to close the remaining external financing gap and ease budget constraints.”
https://www.imf.org/en/News/Articles/2020/04/13/pr20153-ghana-imf-executive-board-approves-a-us-1-billion-disbursement-to-ghana-to-address-covid-19 We've heard all these rubbish since AD 33. Let your so called giant and money do the talking not your fat mouth. Enough of the noise pollution. The only 4 tier interchange in West African has been completed (pains ). If you like jump into the nearest lagoon, the fact still remains that Ghana gives you neanderthals heart pains. The first ever 4 tier interchange in the history of West Africa below |
Re: Ghana Completes Complex Interchange For Just $94 Million by Idiko1: 12:26pm On Jul 10, 2021 |
Nigeria is a basket of fools. 1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:28pm On Jul 10, 2021 |
Vaughanlanrewaj:
It will be disrespectful to compare Nigeria to Ghana when the top 3 richest Nigerians are worth more than the GDP of our small neighbour Ghana.
My point is that $94m is a huge drain on a small country that is currently broke like Ghana.
$94m is small change to Nigeria but profound drain on Ghana. And there's no point comparing cedi to Naira. Which small country in the world would redenominate her country currency by knocking off 4 zeros and few months down the line has the new currency lose value by almost 3 times yet decieve her citizens that the new currency was the best performing!
If our government tries that nonsense by giving us a situation where almost 100K old naira is worth 1 new naira, we will resist it vehemently! That's why we did not fall for the nonsense redenomination of naira Ghanaians fell for when our then cunny cunny CBN governor proposed it. The new cedi is almost 100K equivalent of the old cedi yet Ghana is still in debt! For God sake, who did this to Ghana!
That country has just been scammed and unborn Ghanaians will pay debt so tey, they will be in slavery to their debtors! In few years, Ghanaians are coming back to Nigeria to work because the cedi, both new and old will be worthless unless God help Ghana ! Yet your riches couldn't fix NEPA? What a sad story Spell *PAINS* ---- P, E, F, X, Z-- PAINS 1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:30pm On Jul 10, 2021 |
Vaughanlanrewaj:
Is that why Ghana is so poor that my Lagos State, a part of Nigeria, is worth far more in GDP in GDP and can literally buy 5 times Ghana? Who did this to Ghana and Ghanaians? Do you mean Poverty Capital? Yes, Lagos is the Capital of poverty 1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:48pm On Jul 10, 2021 |
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Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:51pm On Jul 10, 2021 |
1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:53pm On Jul 10, 2021 |
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Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 12:59pm On Jul 10, 2021 |
Rossikki: Kumasi International Airport
Tamale International Airport
Takoradi Airport
Takoradi Airport is a Millitary base Airport. Moreso it's currently undergoing some renovations so NO P. Visibility study of Takoradi City International Airport has been done and its now at Cabinet level, when approved and loan has been secured that Airport will be started. Ordinary 4 tier interchange has now digenerated into an Airport argument. Heart pains everywhere Takoradi Military Airport below 1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 1:14pm On Jul 10, 2021 |
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Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 1:17pm On Jul 10, 2021 |
Rossikki: Top 3 Ghana Cities Versus Top 3 Nigeria Cities.
As usual, we start with Ghana.
Accra
Kumasi
Takoradi
For your information, these are the Top 3 Cities in Ghana Accra 1st pic Tema 2nd and 3rd pics Kumasi 4th pic in that order. I don't need to steal pictures from other countries to represent our cities |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 1:19pm On Jul 10, 2021 |
plaindealer: Lekki Ikoyi bridge is still of the most beautiful, the best and the most picturesque bridges in Africa.
Construction took place on land and water with columns and water piling.
It cost just N29 Billion.
The rubbish and ugly money miss road monstrosity in Ghana is just concrete here and there, same space, space located on the ground with any serious engineering or water-related work cost N35 Billion.
We are talking about 4 tier interchange. If you don't have some just shut up |
Re: Ghana Completes Complex Interchange For Just $94 Million by OBALOLA55(m): 2:43pm On Jul 10, 2021 |
BigSarah:
That's not an answer to the question, you just went defensive mode. VAUGANLANREWAJ IS ONE OF NAIRALAND GREATEST ZONE B OF ALL TIME NOW, THEY DON’T THINK |
Re: Ghana Completes Complex Interchange For Just $94 Million by OBALOLA55(m): 3:13pm On Jul 10, 2021 |
Rossikki:
Honestly. It even affects them when they start these online duels with other Africans like Ghanaians.
You will see Ghanaians yabbing them and they won't even have anything to respond with, because they've spent so much time abusing their own country that they can't defend it.
Meanwhile, Accra itself is no great deal of a city, and certainly not a top 10 African city like Lagos and Abuja.
Outside Accra, what is there? Nothing.
Kumasi, their 2nd city is not even as developed as Aba.
The rest are just small towns that don't qualify as 'cities'.
They have just ONE serious airport in the whole country, Accra airport.
The rest are an embarrassment to behold, like something out of the 1920s.
Google Tamale airport or Takoradio airport, or Kumasi. Total jokes that wouldn't even qualify to be eateries in Lagos.
Yet Ghanaians will be trashing Nigerians online, and calling them all sorts of names, while Nigerians can't respond.
It's tragic. NIGERIA IS A ZOOLOGICAL REPUBLIC 1 Like |
Re: Ghana Completes Complex Interchange For Just $94 Million by OBALOLA55(m): 3:21pm On Jul 10, 2021 |
vankelvin:
Do you mean Poverty Capital?
Yes, Lagos is the Capital of poverty BROS STOP EMBARRASSING US ABEG, NIGERIA IS NOTHING BUT A ZOO |
Re: Ghana Completes Complex Interchange For Just $94 Million by vankelvin: 8:34pm On Jul 10, 2021 |
Rossikki:
Honestly. It even affects them when they start these online duels with other Africans like Ghanaians.
You will see Ghanaians yabbing them and they won't even have anything to respond with, because they've spent so much time abusing their own country that they can't defend it.
Meanwhile, Accra itself is no great deal of a city, and certainly not a top 10 African city like Lagos and Abuja.
Outside Accra, what is there? Nothing.
Kumasi, their 2nd city is not even as developed as Aba.
The rest are just small towns that don't qualify as 'cities'.
They have just ONE serious airport in the whole country, Accra airport.
The rest are an embarrassment to behold, like something out of the 1920s.
Google Tamale airport or Takoradio airport, or Kumasi. Total jokes that wouldn't even qualify to be eateries in Lagos.
Yet Ghanaians will be trashing Nigerians online, and calling them all sorts of names, while Nigerians can't respond.
It's tragic. If you Google this is what you will see Kumasi International Airport 1st and 2nd pics Tamale Internation Airport 3rd pic Takoradi Military Airport (under renovation) 4th pic |