₦airaland Forum

Africa’s busiest container ports, 2025:

1. 🇲🇦 Tanger Med: 11.1 million TEU
2. 🇪🇬 Port Said (SCCT): 5.57 million TEU
3. 🇿🇦 Durban: 2.73 million TEU
4. 🇹🇬 Lomé: 2.4 million TEU
5. 🇬🇭 Tema: 2.3 million TEU
6. 🇪🇬 Alexandria: 2.2 million TEU
7. 🇰🇪 Mombasa: 2.11 million TEU

gallivant:
😁😁

Dude is a genius..



Fuel supply maybe, fuel distribution it will be an uphill task against Kenyan oil barons and cartels. Personally, I welcome more competition in that sector. Some people have gotten filthy rich on the expense of Kenyans since the libeliration of the energy sector.

🤣😂

gallivant:
Do you have a source for your news? I am sorry but it sounds like fake news. It's un African to bismirch the name and goodwill of such a Titan as Dangote. This man should be sainted for his foresight and business acumen. Anything else is frankly unacceptable.

Today you want to Saint dangote ? 😂🤣

He's about to create a monopoly in your fuel supply

Finally the Lagos Airport is seeing reconstruction. Last year when I used it, the whole place was hot and rusty. Absolutely disorganized


https://www.youtube.com/watch?v=XoXEd5-a8GA?si=cJenyg67yR63xrij

Mahama seems to be working with 20 billion dollars of domestic funding

https://www.youtube.com/watch?v=vGNwoJAnXKQ?si=1SnorRre38eZU0ub

Kasoa to Cape Coast to Takoradi to Elubo border road construction with various phases at final stages of construction

4 billion dollars 6 lane 200km Accra to Kumasi expressway construction begins. It will have 56 overpass and underpasses and 54 bridges and is Fully financed by govt

https://www.youtube.com/watch?v=WsnGWRvLAL8?si=OF7-jfZkwbxMbnvx


https://www.youtube.com/watch?v=Damqe8wqYvs?si=duoMByqk20WIhNnc


https://www.youtube.com/watch?v=CXJQNr7f7o4?si=rqA3AM4XTYvLMvPd

Tema oil refinery receives one million barrels (1 million) of crude oil for processing from Ghana's Sankofa oil field.

https://www.youtube.com/watch?v=39ABhfn3oPg?si=66NJz4KV7eycheiJ

Sentoe oil refinery receives oil delivery from Ghana's Jubilee oil field for it 100,000 barrel per day refinery


https://www.youtube.com/watch?v=JIFUSbxIF_U?si=pgdEM0EB_ywdA3Qj

Accra new Garden city with 1.3 billion dollars investment in 11 towers

https://www.youtube.com/watch?v=T1MJixiHeaQ?si=OuWwuYo2mjrrMK4q

I just love Accra

https://www.youtube.com/watch?v=bJH8OYr2hSQ?si=e1keKxeL9_FTMZqS

https://www.youtube.com/watch?v=WVgD4TVfLys?si=cox_hKSfs-791KzL

Lovely

AkoniMoipei:
No, Kenya's economy is more diversified than Ghana's.

Kenya's Economic Makeup
Services and Tech: Kenya has a massive service sector, acting as East Africa's financial, transportation, and digital hub (often called the "Silicon Savannah".

Agriculture: A wide variety of agricultural exports—including tea, coffee, horticulture, and floriculture—keep its farming sector broad.

Manufacturing: It has a larger and more varied domestic manufacturing and consumer goods base compared to its peers in the region.

Ghana's Economic Makeup
Commodity Dependence: Ghana's growth relies heavily on natural resources, specifically gold, cocoa, and crude oil.

Extractive Focus: While Ghana has a powerful mining and energy export sector, fluctuations in global commodity prices leave its revenues more vulnerable to external shocks than Kenya’s multi-pillared economy.

you don't have a broader agric sector than Ghana.

Your manufacturing sector is a bit tiny compared to Ghana's and also generates more from the tourism sector than kenya

AkoniMoipei:
You showed me? I didnt see. In terms of total money circulating in the economy, not limited to mobile money, its not even close. We have bigger banks that deal with the majority of heavy transactions, while mobile money is used for smaller transactions. Kenya has a higher overall financial inclusivity rate and a more established, deeper penetration of formal financial accounts than Ghana. Both nations are global models for digital financial inclusion, but Kenya consistently holds the edge.

1. Ghana Relies on a "Big Three" Commodity Basket
Ghana’s macroeconomic health is highly tethered to three primary, volatile commodities: Gold, Crude Oil, and Cocoa. Together, these three resources typically make up over 80% of Ghana's total export revenues. When global gold or oil prices plummet, or when climate issues strike cocoa production, the entire Ghanaian economy experiences immediate currency shocks and fiscal distress.

2. Kenya Lacks Dominant Extractive Resources
Kenya is notoriously "resource-poor" relative to Ghana. It has no major oil exports or massive gold fields. Because it could not rely on digging wealth out of the ground, Kenya was forced to build an economy centered on services, trade, commerce, and highly varied agriculture.

3. Granular Export Variety
If you look at what Kenya sells to the world, it is heavily fragmented:
Horticulture and Tea: Kenya is a top global exporter of black tea and fresh-cut flowers.
Tourism: A massive foreign exchange earner that supports a sprawling hospitality and aviation ecosystem.
No Single Monopoly: No single product commands 40%+ of Kenya’s export landscape the way gold or oil dominate Ghana’s.

4. The Depth of Kenya's Digital and Financial Services
While Ghana has a robust services sector, Kenya's services sector is deeply integrated with tech and regional finance. Nairobi acts as a dominant logistical, corporate, and financial hub for the entire East African region. Kenya's services sector generates revenue from software development, regional banking, and transit logistics—activities that are structurally insulated from mining boom-and-bust cycles.

While Ghana has done an exceptional job using interoperable mobile wallets to aggressively reduce its unbanked population in a short time, Kenya remains Africa's financial inclusion trailblazer. Kenya has a lower exclusion rate and a population that is more deeply connected to formal commercial banks.

The entire money supply in the Kenyan economy in the year under review was 600 billion dollars compare to 800 billion dollars for Ghana.

That shows an economy with a far lesser reach.

Let me repost it for you

Bank payment systems across various countries

Ghana mobile money transaction value - 368 billion USD
Transaction across bank payment system - 843.7 billion USD

Kenya MPesa - 322 billion USD
Transaction across bank payment systems- 690 billion USD

Nigeria mobile payment - 236 billion USD
Transaction across bank payment system - 1.3 Trillion USD


Kenya has a smaller economy....

AkoniMoipei:
No, Kenya's economy is more diversified than Ghana's.

Kenya's Economic Makeup
Services and Tech: Kenya has a massive service sector, acting as East Africa's financial, transportation, and digital hub (often called the "Silicon Savannah".

Agriculture: A wide variety of agricultural exports—including tea, coffee, horticulture, and floriculture—keep its farming sector broad.

Manufacturing: It has a larger and more varied domestic manufacturing and consumer goods base compared to its peers in the region.

Ghana's Economic Makeup
Commodity Dependence: Ghana's growth relies heavily on natural resources, specifically gold, cocoa, and crude oil.

Extractive Focus: While Ghana has a powerful mining and energy export sector, fluctuations in global commodity prices leave its revenues more vulnerable to external shocks than Kenya’s multi-pillared economy.

Ghana's economy relies heavily on trade and service provision...commodity contributes little to it.

The fact that we have a lot more other sectors should help you understand how much more diversified the Ghanaian economy is.

I just showed you the entire money flow in the Kenyan economy as captured by your central bank.

If the Kenyan economy was that diversified, it'll show in the broad money supply

AkoniMoipei:
Its true Ghana didn't need those IMF bailouts but its also true Ghanaians didnt need to cause inflation that obscenely high. A soaring inflation index should not be confused with a rising approval rating by the economic honchos in Ghana. When the govt tries to entice you with nice expensive projects that rack up debt so that you vote them back you should protest, and stop overreliance on natural resources and diversify.

Too bad we have a bigger economy that so much so that an over performance of a few sectors makes you think the Ghanaian economy is overly reliant on natural resources.

The Ghanaian economy is more diversified than yours

popizaino:
Please what is the reason behind the demolition at Laboma beach ⛱️?

I was there two Sundays ago,and i really enjoyed the vibe there. Noticed several construction going on there,only to see on the news yesterday that it was demolished.

If you saw the news, then you already know the reason.

They had filled out part of the lagoon reserve to build on

AkoniMoipei:
Lets dig deeper.

These "enough brains" initially caused Ghana's inflation to skyrocket to a 22-year high of 54.1% in late 2022. A dramatic drop looks impressive on paper, but it was a correction from a severe, self-inflicted economic precipice, not a "WOW" factor. The recovery was triggered by a massive $3 billion IMF bailout. The stabilization was heavily engineered, monitored, and funded by external international institutions, not just domestic strategy. Ghana had to halt payments on most of its external debt and aggressively restructure domestic debt, which wiped out the savings of local bondholders and severely damaged trust in the financial sector. High interest rates and austerity measures used to curb inflation have squeezed local businesses, raised the cost of living, and diminished the purchasing power of ordinary Ghanaians.

True recovery requires long-term fiscal discipline. If structural vulnerabilities like high government spending and over-reliance on primary commodities are not fixed, Ghana's perpetual cycle of inflation and bailouts will repeat.

Let's see if the purchasing power of Ghanaians were diminished...the Ghanaian cedi Appreciated by 50% in a year and there by increasing the purchasing power of Ghanaians.

Interest rates fell from 25% and 30% to 10% there by giving businesses more access to cheap financing. And inflation rate at 5%

All the is driving by pure production that far exceeds every target any institution had thought off.

Debt restructuring is only a small part of what has been achieved. With debt to GDP at 45% and debt financing at 20% of revenue.

Like I have said multiple times Ghana needed non of those IMF things. Ghana can recover from any mess it put itself on when it wants to.

The most remarkable economic recovery ever.
Just with enough brains, you can accomplish anything

gallivant:
I understand you very well.

Kenya remains the standard. Other than North Africans, Nigerians and South Africans, the rest of Africa looks upon Kenya for economic inspiration it seems. Kenya this, Kenya that!! Give it a rest oga.

you're not a standard kiddo, don't let your east African delusion get ahead of logic... I compared multiple countries and yours were odd and defied logic.

Nigeria for it population should be doing way higher.

South Africa had 8 trillion

Bank payment systems across various countries

Ghana mobile money transaction value - 368 billion USD
Transaction across bank payment system - 843.7 billion USD

Kenya MPesa - 322 billion USD
Transaction across bank payment systems- 690 billion USD

Nigeria mobile payment - 236 billion USD
Transaction across bank payment system - 1.3 Trillion USD


Kenya has a smaller economy....

Telecoms companies revenue across countries

MTN Nigeria - 3.62 Billion USD
MTN SA - 3.1 Billion USD
MTN Ghana - 1.57 Billion USD
Safaricom Kenya 1.28 Billion USD

The World Bank and IMF seem to have reclassified the Ghanaian economy using the international metrics above the metrics used for all other African countries.

On issues like poverty rate, Ghana is now using the 4.20 USD or 5.50 USD from the 3.65 USD it used to use before (LMIC rate) which is above South Africa 3.00 usd rate and the 2.0 USD rate for Kenya and Nigeria.

With a 3,300USD GDP per capita and it current economic miracle, it is about to enter the upper middle income band.

popizaino:
If only electricity supply meant development for you,then Accra would surely take the lead but in terms of urbanization, infrastructural development,quality of life,you don't even come close to Abidjan let alone Nairobi and Lagos.

There is no economics that explains why Accra is ridiculously expensive. Even what you have in abundant is expensive. It is more of like a cultural thing.

https://www.instagram.com/reel/DcoJvn0oJZE/?igsi=czAwN20xbmZ2OXRj

Accra has a better standard of living that both Nairobi and Lagos as has been proven here. No need to drag it again

Accra infrastructure development is above both Lagos and Nairobi as has been proven here also.

Also Accra's urbanization beats both Lagos and Nairobi.

Imagine trying so hard to put yourself to a country that will soon be declared an upper middle income economy as it GDP per capita will Soon surpass the 4,000 USD mark..

People classifying certain things as ostentatious as pricing out the market is pure economics.

Jeezuzpick:
Highlife came from Ghana. Fela played highlife before. He also played Jazz. He created Afrobeats from a fusion of jazz and blues, with the horns ensemble typical to highlife.

Highlife like the Igbos played it is zero percent like Afrobeats. Afrobeats is always on the minor scale while highlife is always on the major scale. Den no resemble at all!

When fela got to Ghana, the fusion of Jazz and highlife was already there and he went to learn it.

There just wasn't a name for it so his Ghanaian friend coin the name afrobeat

popizaino:
I get what you are saying but that of Ghana is absolutely ridiculous. The city itself is underdeveloped to be that crazily expensive.

We have often debated how cities like Nairobi, Lagos are much more developed than Accra on this thread,now think of how ridiculous it is to now pay more for goods and services in Accra than in those cities.

Accra is ridiculously expensive because of the kind of demand for things which is purely economics.

Secondly, neither Nigeria nor Kenya is developed than Ghana. We've settled that already

I posted a flyer for lands going for even 18,000 cedis but the platform removed it

popizaino:
I am telling you what is happening here but you are dismissing it to be a lie. Maybe you should lead me to where land sells for 30,000ghc in Accra before we continue.

prampram, behind Dawa industrial area and co

That's a lie cause even in Accra, some plots of land are still going for 30,000.
It wasn't like that even in 2016, there's this whole trend called land banking. People buy multiple lands, keep it for a year or two and sell it at ridiculous prices

popizaino:
I think Ghana 🇬🇭 as a whole is expensive, not only Accra. You can not get a plot of land in my village, which is about 34km to Accra for less than 100,000ghc. A standard chamber and hall self-contained in Nsawam starts from 800ghc and above.

Someone said it wasn't like this until the redenomination some decades ago.

What do you now think is the quickest possible solution because it seems the menace is also gradually getting to the middle class?

Well Accra is overly expensive and it is going to get worse unless urgent political decisions are taken, very unpopular ones.
If you can survive in Accra, you can survive anywhere in the world

popizaino:
#Copied.


GHANA IS HELL… and Ghanaians Are Burning.

I cannot help but notice how Accra, in particular, has become extremely expensive. It has almost become a point of pride for people to claim, "Accra is the most expensive city in Africa"—if not the world. From my personal experience, it is nearly impossible to survive in Accra unless you are working multiple jobs or doing something illegal.

1. FOOD
It will amaze you to know that food is one of the most expensive items in Accra. I was recently in Nairobi with my sister and about five other people at a reputable eatery. We ordered various dishes and drinks, and even got some takeout. When I asked for the bill, I couldn't believe my eyes—that exact same order in Accra would easily cost over GH₵3,000, yet our bill in Kenya was under the equivalent of GH₵300.

There is a local joint in East Legon where people go to eat fufu and other Ghanaian dishes. I ordered fufu and soup for one person, and I have never paid less than GH₵300 for a single meal there. The last time I went with my wife, we spent over GH₵1,000 just on food and juice.

2. ACCOMMODATION
This is the biggest issue of all. In my neighborhood, an unfinished, empty chamber-and-hall self-contained apartment goes for GH₵2,000 or more per month. That same amount could get you a modern two-bedroom apartment in an elite building in the heart of Nairobi, complete with security, elevators, cleaning services, and water heaters.

What makes it worse is that in Kenya, you only pay a one-month advance plus a security deposit to move in. In Accra, landlords demand a two-year (24-month) advance payment on top of a security deposit before handing over the keys.

3. HOUSING AND LAND PURCHASES
On average, a three-bedroom house in Accra costs around GH₵1.5 million ($150,000)—usually for a tiny structure on a half-plot. If you want a standard, full-sized house with a spacious compound, you are looking at roughly GH₵2.5 million ($250,000).

The situation is even worse when it comes to land. I recently inquired about a half-plot (35x50 ft) around Botwe, and I was told it costs $70,000. Meanwhile, for KSh 5 million ($38,000), you can get a very decent three-bedroom home in Kenya. I noticed that far more young adults own homes in Kenya than in Accra.

4. CARS
For some reason, vehicles in Accra are ridiculously expensive, though the recent entry of modern Chinese models into the market has provided a slight alternative. Last year, I needed a small car to run daily errands instead of using my official vehicle.

I inquired about a foreign-used Toyota Camry, and the quote was GH₵270,000 ($27,000). In most other parts of Africa, that same car would cost less than half that price.

5. VACATIONS
The primary reason many Ghanaians do not take vacations locally is that it is prohibitively expensive. A standard hotel room for a getaway in Ghana can cost over GH₵4,000 per night for a single room. In contrast, I once booked an entire four-bedroom house with a pool right by the sea in Zanzibar for the equivalent of roughly GH₵1,000 a night. In Nairobi, it is even better: you can secure a spacious three-bedroom apartment in the heart of the city for under $70 per night, whereas a comparable place in Accra would easily run you over $300.

6. AIRFARE
It makes no sense that a 30-minute domestic return flight from Accra to Kumasi can cost over $400. Meanwhile, a one-hour flight from Nairobi to Kisumu costs around $150 return. Even a flight from Lagos to Abuja is more affordable than flying from Accra to Kumasi.

I won't even get started on utility bills. We are making life extraordinarily difficult for the younger generation—and that poses a massive risk for the nation.

More investment into the power sector as Ghana's peak demand is almost 5000MW

Mobile money fintechs in Ghana are on fire this year

246 billion dollars in transactions for the first 6 months of the year.