₦airaland Forum

We are spending 40% of tax revenue to service debt but we still have enough money to Carry out massive projects without borrowing....

Thats the power of an SWF

rvp20182:
More evidence of yet another hyperinflation loading

Kenya use 20 percent of revenues to pay interest rate - Ghana double that - 40 percent almost

This is unsustainable and has already led to more fiscal strain. Interest repayment is the highest expenditure portion and remains the fastest growth expenditure in sub-Saharan Africa’s fiscal budgets. For example Kenya, Angola, Egypt and Ghana are paying 20%, 25%, 33% and 37% of their collected tax revenue towards interest repayments.

Ghana debt to GDP can be 120% and we still wont default like Kenya

rvp20182:
Ghana debt to gdp -78 - kenya 66

Ghana and Egypt returned to the market, issuing a total of US$7 billion in the first half of 2021. Their debt-to-GDP ratios have now risen to 78% in Ghana and 90% in Egypt. Kenya also joined to issue US$1 billion, pushing its debt-to-GDP ratio to 66%.

Any debt-to-GDP ratio above 60% in developing countries is considered imprudent according to the International Monetary Fund (IMF) and African Monetary Co-operation Program’s threshold. Beyond the threshold, a country will be at high risk of debt default.

rvp20182:
Madcow - Ghana is debt distressed country
Kenya: Sovereign credit ratings
Agency Rating Outlook
Standard & Poor's B+ Stable
Fitch B+ Stable
Standard & Poor's B Positive
Standard & Poor's B Stable

Ghana
Agency Rating Outlook Date
Fitch B Negative 6/2021
Fitch B Stable 10/2020
Standard & Poor's B- Stable 9/202

tantrums in the face of facts

Lunatic

do you know the meaning of debt distressed?

Debt distressed countries are the ones running to receive debt relief like Kenya is doing

Ghana has the ability to pay off it debts because we invested the monies in highly profitable ventures and our SWFs have huge funds

Your country Kenya is already defaulting ..... Kenya is most likely to go the Lebanon way

rvp20182:
I guess your bosses have issues - how will that affect their West Africa colonies. Of countries here likely to go Lebanon way - Ghana will follow Zambia. Its component of commercial foreign loans is very dangerous. Kenya is okay - only a third of foreign loan is commercial - the rest are IMF/WB/ADB - those are low maturing low interest - and you can always talk nicely to these non-profit making development banks.

So yes countries should avoid loading lots of commercial foreign loan - like Ghana is doing.

It won't be first time for Ghana tough - hyperinflation is their second name. I believe the Cedis at some point was 15,000 to a dollar.

On their nomal day - it double-digit - pretty bad for many countries.

i love how Ghanaian communities have developed

https://www.youtube.com/watch?v=3KKhvR_3R6g

https://www.youtube.com/watch?v=eeyAlKKzMZU

https://www.youtube.com/watch?v=tne_ug7P8KA

https://www.youtube.com/watch?v=-NHseR3ti6U&t=547s

https://www.youtube.com/watch?v=TWSd13AKAcI


https://www.youtube.com/watch?v=5ygtVjRjU_E

it sad

Vlain:
ooo

Very stupid empty epistle from the resident madman.truly age doesn’t guarantee maturity.

rvp20182:
Kenya has the most international school admission -in Africa - at 200,000 kids. UN staff in Nairobi are at best 1,000.

i wonder this is supposed to mean

Are you trying to say that one million Indians and one million Chinese live in Kenya?

Thereby making Kenya the largest colony in Africa?


Anyway, I know it is a lie

someone should check this kid into a mental institute

he is lost on the platform

kikuyu1:
Men,mature men from normal human societies UNIVERSALLY have a code; a set of behavioural norms found EVERYWHERE from the Swiss Alps, the Papua New Guinea highlands, the Mongolia steppes or the Tuaregs of the Sahara.
These standards of behaviour are built into the collective sociocultures over time for the communal good. Eg, DON'T hurt kids, help all and EVERYONE in need, never allow evil doers to go unpunished etc, etc. Iow we all HAVE MORALS and avoid try to avoid negative behaviours.
But you niggas have no such standards and lie like you breathe! You're caught lying and the next minute you REPEAT THE SAME LIE!? Why WOULD anyone even mention the Gh or Abuja toilet/sewage situation? It's NOT normal- its pathological showing some srs dysfunction in your society.
You're the type who'll gleefully cuck your bro when he's hospitalised; swindle Oyinbos over the 'net and prance and gyrate in the Strip Club VVIP, stuff half a kg of heroin up your arses and when caught cry like BYATCHES!?
Because you have no code as Kendrick said in " A Few Good Men."

Vlain:
Rvp more than half of Kenyans are living below the poverty line. This is interesting.
Apparently Kenya’s economy has been on steroids

rvp20182:
South Africa import 107; export 90b; you still have a trade deficit.
Kenya's economy is powered by huge domestic consumption.
We import 18B - and export 6B. The trade deficit has never been an issue - has Kenya has enough forex reserves - Kshs is one very stable currency - and there are no forex control. We know how to find dollars.
But our private sector is 2nd only to South Africa - in terms of FDIs alone in the region - East Africa basically depend on kenya companies
Kenya financial sector is 10 percent to GDP - 2nd only to South Africa in the insurance sector for example - 3rd in banking after RSA/Nigeria in SSA

you were asked about kenya and not SA..

You call 1 billion and 1.5 billion FDI second to SA? what are you smoking?


Your country runs a huge trade deficit and that is bad for your economy, without the international debt that supply foreign exchange to your central bank to keep your trade going.So basically, your country is in a debt cycle on all front and the only solution is to bring import and export trade to a balance where it is manageable

kikuyu1:
Little nigga, in life men need a minimum of honour, defined as the QUALITY of knowing right from wrong. That, not JUST brainpower and maturity is what separates us from women and kids.
But as WE'VE seen since the start Waffas have no code, no rules, decency or standard of behaviour.

and?

you mean, schools for UN workers kids?

Tbyt:
Poor East African countries? Really now? So Kenya has some of the most expensive schools in Africa because poor people love spending?
Check out real estate in Kenya and google the wealthiest estates in Nairobi and compare it to yours? Bro, I live a better life than you.


https://www.youtube.com/watch?v=fer3tNhgZjI&t=124s


https://www.youtube.com/watch?v=YnN4-UErf9I&t=80s

watch him come back with tantrums

AfriqueDuZuid:
How much is total value of kenya exports?

Of that how much percentage is from manufacturering sector

You see that thing



Its like Chinese banks declaring profit meanwhile their balance sheet is deep in the red

AfriqueDuZuid:
something does not add up

6 billion of exports
Kenya imports way more than it exports
GDP 100 billion

What's the worth of kenya financial sector?

Does your country export
titanium and other gems - 300 million dollars
Flower - 700 million dollars
Tea - 1.3 billion dollars
coffee - 500 million dollars
Re-Export imported refined petroleum - 500 million dollars
Fruits, Nuts and vegetable - 600 million
Ores, slag and ash - 300 million dollars
Vegetable/ fruit/ nuts preparations - 200 million dollars
The rest are miscellaneous

This sums up your country 4.9 billion 2020 export all of which are primary products and including minerals

rvp20182:
And compare yourself with Kenya - largest non-mineral economy in Africa?

This year alone we could hit 8B dollars of export - zero minerals

http://www.xinhuanet.com/english/africa/2021-07/29/c_1310095560.htm
NAIROBI, July 29 (Xinhua) -- Kenya's exports in the first half of 2021 hit 369 billion shillings (3.4 billion U.S. dollars), according to figures released by the Central Bank of Kenya (CBK) on Thursday.

The largest export category was tea which generated 625 million dollars in the first six months of 2021 for the East African nation. The bulk of the commodity was purchased by Egypt, Pakistan, Britain, Russia and the United Arab Emirates.

Horticulture exports generated 624 million dollars to the country between January and June. The key destination for Kenya's fresh produce was the European Union, Britain, Russia and Japan.

Kenya's manufactured goods earned the country 236 million dollars in the first six months of this year. The major destinations for Kenya's industrial products were the East and Southern African regions.

Another significant export commodity was coffee which earned the country 149 million dollars. The rest of the country's exports consisted of chemical products and re-exports. Enditem

rvp20182:
In Comesa - we are 2nd to Egypt in exports - COMESA has nearly all Africa countries except West Africa and South Africa
We export manufactured goods to rest of Africa. Manufacturing-wise - Kenya is up there.
We export 0.5B worth of apparels to US - leading in Africa.
Bla de bla

second in exporting primary products

African countries don trade amoug themselves

West Africa and South Africa dont look to trade with poor countries in East Africa

rvp20182:
(08) Fruit & Nuts $367,242,320
(39) Plastics $224,400,624
(15) Fats & Oils $192,164,769
(16) Prepared Meats $146,383,937
(44) Wood $125,371,551
(28) Inorganic Chemicals $123,131,711

Add those = not even 1B dollars

80% of 22 billion in 17.6 billion

The remaining 5.8 billion left of our export is still larger than the entire export of Kenya, dont remove anything from the things you export

Irrelevant country

And your problem is, Lunatic?

100% of your country export is primary product

rvp20182:
Mad cow as always pulling figures from your a.hole

Fact= Ghana generates over 80% of its export revenues from three primary commodities - gold, crude oil and cocoa exports.
https://globaledge.msu.edu/countries/ghana/tradestats
(71) Precious Stones & Metals $6,199,720,355
(27) Oil & Mineral Fuels $5,315,922,521
(18) Cocoa $2,714,504,313
(26) Ores $394,815,449
(08) Fruit & Nuts $367,242,320
(39) Plastics $224,400,624
(15) Fats & Oils $192,164,769
(16) Prepared Meats $146,383,937
(44) Wood $125,371,551
(28) Inorganic Chemicals $123,131,711

gallivant:
Take away the gold, oil and cocoa and Ghana has no economy to speak of.

We can take away gold,oil and cocoa and Ghana's economy will still flourish and Ghana export will be still be 2 times larger than that of kenya with it tea and coffee

That is how irrelevant your country economy is

rvp20182:
Productivity of gold and oil -are you "God" to increase natural resources?

Dumb kid

Who is talking about increasing gold and oil?

Do gold and oil just come out of the ground oil they are produced out of the ground, using work?

If they just came of out of the ground by thems selves, like by now, Kenyatta will be seizing all the lands that they are found on....

rvp20182:
22B - 40 % alone is Gold. Then from 2011 - Oil - 30%. The rest is aluminium and Bauxite. Finally Cocoa beans.

Dream on
Explain how 470 million dollars in oil export is 30% of total export

Aluminium and Bauxite export amount to 400 million

Combine them and still, what is left is almost 3 times larger than your country with all it mineral export

gallivant:
Make sense hobbit or better yet understand Ghana's place in the scope of things. Very tiny economy.

Funny Lunatic

Zombie, Get an education and you will understand...

You will also know that Ghana's economy is larger than your tiny country.

gallivant:
I ask you to shut up because you are not making sense.

get an education so you will know what make sense

and hush it while you've not

gallivant:
Actually it shows lack of productivity/economic output! Ghanaian education I tell you.....

22 billion in export is economic productivity



That is almost 5 times Kenya's economic productivity


The result is, huge capital in the hands of ordinary Ghanaians.... making us live this good


https://www.youtube.com/watch?v=3KKhvR_3R6g

gallivant:
These should be the only facts concerning you at the moment.

https://upload.wikimedia.org/wikipedia/commons/thumb/5/50/2012_Ghana_Products_Export_Treemap.png/1200px-2012_Ghana_Products_Export_Treemap.png

Its not concerning cause it shows huge productivity

So it is positive

gallivant:
Please shut up.

you dont want to hear facts?

let me make it simple for you

Your country compares with some of the most repressive dictatorships in Africa

Both Egypt and Nigeria are more advanced and more free societies than your country Kenya

So kenya is under a dictatorship

gallivant:
Egypt like Nigeria is under a military dictatorship. You don't expect any dynamism or progress from backward societies.

gallivant:
Tuition can only compliment a great education, not the other way around. If your minerals is not your wealth, give it away for free.

I guess,the word you are looking for is complement

Naa it does not



When you have the money, you can enroll into a proper school to gain a proper education.

Vlain:
Videos say more than a thousand words

https://www.youtube.com/watch?v=LxB6B8z_2HU

This is so disgusting

And its happening right in the middle of Nairobi

gallivant:
The discussion was wealth under management and banking assets. Nobody mentioned Ghana and clearly was bothering you.

Go read again and know what you replied to

Mo*ron

gallivant:


Ghana economy output/wealth.

https://upload.wikimedia.org/wikipedia/commons/thumb/5/50/2012_Ghana_Products_Export_Treemap.png/1200px-2012_Ghana_Products_Export_Treemap.png

that is not wealth, that is productivity

Know the difference

That is used to create actual wealth for all

Do you need tuition to have a proper education?

gallivant:
So according to this slowpoke, gold oil and minerals are not real wealth? This would make Ghana poorer than South Sudan in economic output!

We are talking about wealth per capital, which means, per person..

slowpoke

That has nothing to do with mineral and everything to do with individual economic activity