They never see anything, when Dem run go devalue their currency, Dem think say na Dia e end

My global economics illiterate Naija friend be like "Is Buhari their president?"

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

I swear na True you talk ! To eat for for Ghana now is like Fighting your way out of Boko Haram captivity !!!

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

things are not cheaper because of Nigeria... Nigeria economy influences a lot of economies in West Africa especially Benin Republic

FreeStuffsNG:

For most folks like you, you do not value what you have until you lose it.

That is why we do not take our successes in Lagos for granted. We Lagosians suffered more than the rest of the country prior to 1999 and it was that our resolve never to allow that kind of suffering happen again in our land that has kept us on our toes in Lagos since 1999 when the amazingly talented Senator Bola Ahmed Tinubu took over the rein from Col. Buba Marwa.

Today, our economy in Lagos is bigger than the economy of the whole of Ghana. Amongst our many feats in Lagos is the Lekki deep seaport, conceived 13 years ago by Asiwaju Tinubu, that recieved its first cargo ship this week. This deep seaport is the first in Nigeria and the best in West Africa.
You can draw inspiration from our success story in Lagos

If you are suffering in Nigeria now, it is because you have been outcompeted. You probably waste your time online and on social media.

While you stay online and lament, other young focused ambitious Nigerians are competing for the same opportunities you seek.

Those eventual winners do not have time for nairaland and the social media. They do not even have time for pity or lamentation party.

That you do not know how terrible and worse the Ghaniaians case is alone says a lot about how conversant you are about their state yet very quick to disparage.

Ghana redenominated their old cedis in 2007 by knocking off four zeros and between then and now their new cedis has lost value by over ten times such that one new cedi is an equivalent of 100K old cedis or more!

Thankfully, my late President Yardua stopped Prof. Soludo from that dangerous experiment of redenominating the naira and today naira has not been redenominated. My N100K in 2017 is not today worth N1 or less. I thank God and late HE Yardua for stopping Soludo.

Ghana was one of the countries that the IMF and others cancelled their debts completely unlike Nigeria that had to pay about $18 billion during the Pa Obj era yet today, Ghana is back in so much debt even more than it was before her debts were forgiven.

Between 2020 and last year, it was so bad for Ghana that they ran out of forex and had to be bailed out by IMF with $1 billion and Ghana is not yet out of the woods. Last Ghana inflation number was approximately 30% and still not abating amidst high unemployment and scarcity of goods and foods.


Their Ghana stock exchange is nothing to write home about yet this year 2022 alone, our own Nigeria Stock exchange has broken and exceeded the record it last reached before the 2018 global meltdown, printing money for local investors.
Thank God that CBN under Emefiele blocked the useless fraudulent cryto ponzi, the favorite 'food' of lazy and gullible Nigerian youths, may be by now the fraudsters behind crypto and nfts would have killed the naira and most of the "greater fool" liquidated 80K crypto millionaires would have come from Nigeria!

Ghana struggles to pay us for the energy we export to them and when we closed our border, Ghana was on her knees economically and politically while their effort at frustrating some of our nationals in Ghana also backfired.

Ghana has a bizarre and very primitive business system that forbids a foreigner from registering a business and owning a company in their small country unlike Nigeria where CAC is very liberal.
Watch how many of them will get to Nigeria now and start their own businesses yet we do not discriminate against them. Nigeria is a big brother to Ghana and we have always bailed them out.

Ghanaians are in soup but thank God they have a big brother and a second home in Nigeria. The original and current traditional landowners in their capital are ethnic Yoruba who migrated to Ghana from Ile Ife like a century ago and they have since traced back their origin to Ile Ife where Ooni assured them that they will always be welcomed back home.

So while the Yoruba in Nigeria are doing well there are things the descendants of Yoruba in Ghana are not doing well but can always rediscover and get back on their feet.

Nigeria is a safe haven for Ghanaians and Nigeria is far far ahead of Ghana.
Meanwhile,here's free book on business ideas & money sources directory for you,it's 100% free! to download, read and use https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

Garbage! But you support buhari. This neophyte thinks he's sleek LMAO!!

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

Do you know I much is a kilo of semo in nigeria?
Common biscuits sef..do you know much much it cost?
Don't come and compare the two currencies ..

For you abi?

GreatBoss:
Its like jumping from frying pan to fire.

Ghanians are not that dumb.

Quintopia:
Crisis-hit Ghana Changes Its Mind and Turns to IMF for Help

- Ghana had previously refused to seek IMF help
- Hundreds protested in the capital over economic woes
- IMF says ready to support, will start talks soon
- Ghana's dollar-denominated sovereign bonds rally sharply

ACCRA, July 1 (Reuters) - Ghana, one of West Africa's largest economies, will hold formal talks with the International Monetary Fund (IMF) on a support package, the government said on Friday, after hundreds took to the streets to protest against mounting hardship.

The cabinet gave its support for the decision at a meeting on Thursday, following a phone conversation between President Nana Akufo-Addo and IMF Managing Director Kristalina Georgieva.

Ghana, a gold, cocoa and oil producer, has until now refused to seek IMF support to rescue an economy crippled by the pandemic, rampant inflation and a depreciating currency, despite analysts warning it is close to a debt crisis..

The IMF confirmed Ghana's request for help and said it would start discussions with authorities in the coming weeks....

https://www.reuters.com/world/africa/crisis-hit-ghana-changes-its-mind-turns-imf-help-2022-07-01/

Why did they not run to China

Try that in Nigeria and get Lekki Treatment. No one not even a single member of that kangaroo committee set up to do finding about it remember Lekki massacre now.

Effect of Ukraine vs Russian war,WWZ

Inflation is world wide

FreeStuffsNG:

For most folks like you, you do not value what you have until you lose it.

That is why we do not take our successes in Lagos for granted. We Lagosians suffered more than the rest of the country prior to 1999 and it was that our resolve never to allow that kind of suffering happen again in our land that has kept us on our toes in Lagos since 1999 when the amazingly talented Senator Bola Ahmed Tinubu took over the rein from Col. Buba Marwa.

Today, our economy in Lagos is bigger than the economy of the whole of Ghana. Amongst our many feats in Lagos is the Lekki deep seaport, conceived 13 years ago by Asiwaju Tinubu, that recieved its first cargo ship this week. This deep seaport is the first in Nigeria and the best in West Africa.
You can draw inspiration from our success story in Lagos

If you are suffering in Nigeria now, it is because you have been outcompeted. You probably waste your time online and on social media.

While you stay online and lament, other young focused ambitious Nigerians are competing for the same opportunities you seek.

Those eventual winners do not have time for nairaland and the social media. They do not even have time for pity or lamentation party.

That you do not know how terrible and worse the Ghaniaians case is alone says a lot about how conversant you are about their state yet very quick to disparage my Fatherland.

Ghana redenominated their old cedis in 2007 by knocking off four zeros and between then and now their new cedis has lost value by over ten times such that one new cedi is an equivalent of 100K old cedis or more!

Thankfully, my late President Yardua stopped Prof. Soludo from that dangerous experiment of redenominating the naira and today naira has not been redenominated. My N100K in 2017 is not today worth N1 or less. I thank God and late HE Yardua for stopping Soludo.

Ghana was one of the countries that the IMF and others cancelled their debts completely unlike Nigeria that had to pay about $18 billion during the Pa Obj era yet today, Ghana is back in so much debt even more than it was before her debts were forgiven.

Between 2020 and last year, it was so bad for Ghana that they ran out of forex and had to be bailed out by IMF with $1 billion and Ghana is not yet out of the woods. Last Ghana inflation number was approximately 50% and still not abating amidst high unemployment and scarcity of goods and foods.


Their Ghana stock exchange is nothing to write home about yet this year 2022 alone, our own Nigeria Stock exchange has broken and exceeded the record it last reached before the 2018 global meltdown, printing money for local investors.
Thank God that CBN under Emefiele blocked the useless fraudulent cryto ponzi, the favorite 'food' of lazy and gullible Nigerian youths, may be by now the fraudsters behind crypto and nfts would have killed the naira and most of the "greater fool" liquidated 80K crypto millionaires would have come from Nigeria!

Ghana struggles to pay us for the energy we export to them and when we closed our border, Ghana was on her knees economically and politically while their effort at frustrating some of our nationals in Ghana also backfired.

Ghana has a bizarre and very primitive business system that forbids a foreigner from registering a business and owning a company in their small country unlike Nigeria where CAC is very liberal.
Watch how many of them will get to Nigeria now and start their own businesses yet we do not discriminate against them. Nigeria is a big brother to Ghana and we have always bailed them out.

Ghanaians are in soup but thank God they have a big brother and a second home in Nigeria. The original and current traditional landowners in their capital are ethnic Yoruba who migrated to Ghana from Ile Ife like a century ago and they have since traced back their origin to Ile Ife where Ooni assured them that they will always be welcomed back home.

So while the Yoruba in Nigeria are doing well there are things the descendants of Yoruba in Ghana are not doing well but can always rediscover and get back on their feet.

Nigeria is a safe haven for Ghanaians and Nigeria is far far ahead of Ghana.
Meanwhile,here's free book on business ideas & money sources directory for you,it's 100% free! to download, read and use https://www.nairaland.com/6666800/looking-business-ideas-money-fund. Cheers.

really... I guess those owomida crew are not Yorubas too

kingthreat:
Many of you guys know nothing.
It is more expensive to live in Ghana than in Nigeria. Nigeria is one of the cheapest African countries to actually inhabit.

yes..but most of those African country's don't HV half of resources Nigeria HV.

While Nigerians are watching BBnaija

Seriously whenever I wan buy something here I dey always convert am to naira, imagine buying 1500 bread for 3000 naira.....I just dey wonder how my mother dey manage here

Elidrisy20:
Effect of Ukraine vs Russian war,WWZ

Part of it to an extent.

Russia's invasion of Ukraine has driven up cost of food in Africa. It's more pathetic because Africa has one of the most fertile land in the world, but corruption has ensured that most section of the economy from Agriculture to education remains extremely poor, so we can't even farm our own foods large scale.

And many of Nigeria youths are in Ghana feeling like they are in Europe

I laff,they are in heaven.,let then come and see what is happening in 9ijiria ,it's them that will run.

GreatBoss:
Its like jumping from frying pan to fire.

Ghanians are not that dumb.

Just in the last 4 weeks I have been in the US, Turkey, Tanzania and Kenya
Things are expensive everywhere, people are complaining everywhere.
If you think it's only Nigeria, then you need to expand your world view.

CSTRR:
Ghanaian women can come.

The rest should go back.

Those ugly gals? Nah... I will definitely pass ..lol

No offence

Army for don Kee like 50 people by now if we try this in our country

/
At least they are protesting. Kudos to them.

Nigerians will be online finding excuses for the ineptitude of their leaders while searching for the nearest stable country to japa to.

/

NoQualmz:
What’s this?

Some of u don’t even know that the level of corruption in Ghana is 2nd to none.

I once read an eye opening article about Ghana’s economy and the corrupt gold/cocoa market of Ghana+the Chinese exploiting Ghana’s huge resources. I was marvelled.

I think if Nigeria doesn’t get things right soonest we may go down with our economy too..Sri Lankan economy has felt it,Ghana is feeling it too.

ny country that fails to invest seriously in education/man power development is already doomed. The population of almajiris keep increasing, others are after yahoo and quick money scheme while the few educated want to japa at next flight. What is left?

Quintopia:


Things are far cheaper in Nigeria than in Ghana dude.

You need to see how expensive things are in Ghana now, even food.

Boys are not smiling there at all.

Are you serious?
I've always thought things are cheaper over there with the hype they get from Nigerians.

TF

IgOga:
This what happens when many world leaders decide to follow a comedian in Ukraine and Biden in America. Let us sanction Russia and suffer for Ukraine. Meanwhile Luhansk region, Kherson Region, parts of Kharkov region, Most parts of Donestk region, parts of Zaporizhia are under full control of the Russians.....and the rest of the world are suffering for Ukraine that is loosing daily - land, personnel, materiel etc

Many politicians will go. SriLanka already sacked their political elites

How convenient to leave out what triggered the war. Russia's being the aggressor that invaded/bullied a smaller country. Well, that country being bullied is one of the food basket of the world.

The hunger wey go wire Africa is still doing press up. African leaders will get sense by force.

jimetagambo:

Part of it to an extent.

Russia's invasion of Ukraine has driven up cost of food in Africa. It's more pathetic because Africa has one of the most fertile land in the world, but corruption has ensured that most section of the economy from Agriculture to education remains extremely poor, so we can't even farm our own foods large scale.

to some extend,we lack the technological know how

Quintopia:


I honestly don't think Peter Obi is the only candidate capable of moving Nigeria forward. Revamping this economy is not rocket science. Tinubu, and to some extent Atiku can bring some progress too, with the right policies.

Yes never a man who though tested but not trusted. Obi is a small fry with bogus data

Elidrisy20:
to some extend,we lack the technological know how

It's not much of the technology but money. Farm Technology can be easily transferred because it's not high tech. Africa needs machinery and farm equipment like lowers, tillers, and combines but they are very expensive. Politicians would rather loot than to invest in machinery.

If inflation were to be a football league then Ghana is 12th on the log.Guess whose topping the table?Yeah,your guess is as good as mine.

Something that we are used to here in Nigeria.