Saddamochieng00: A paper economy is where you can't find a square mile of development that doesn't include shacks/slums. Heck there's even dirt roads in your CBD. I won't be surprised to find cassava plant being planted in your city centre.
Fortunately enough there are no shacks in Ghana.
The only place with massive shacks are in Nairobi and other places in kenya.
Dirty roads in which CBD? This is not Kenya where you govt is too poor such that all inner roads in kenya remain unpaved. Your friend rvp calls them murrah roads
Saddamochieng00: If Accra is a certified village then what about that dworoduro craphole you're speaking of. Post a video of that craphole we wanna see it in all its glory
The only certified Shithole is Nairobi where everyone lives in slums.
In fact the world goes for slum tourism there just to see how desperate live is and why no society have to degenerate to that level.
First post a place in kenya that can look half as developed and beautiful like even dworwulo. Make it a drive tru
Saddamochieng00: You're a really senseless woman. Which country can pride itself in being debt free. We've used that debt to develop our country into the third biggest economy in SSA but what has Ghana done with all the aid from your puppet masters the IMF.
Ghana has used it money to approach a developed country status where extreme poverty is a thing of the past and Ghanaians having more social services than kenya will ever be able to provide.
Ghana economy is even bigger than that of kenya.
Combine all of those things in the videos you have posted here and it wont match up to Dworwulo, a town of 253,000 people in Accra
rvp2018: Cocoa can increase in production in non gold region or by better crop husbandry or new farms ; you're always going to off tagent. Kenya is NOT A ZOO. No chinese can be allowed WITHOUT A WORK PERMIT - and that mean they have to proof they have skills nobody has or serious business worth serious money.
Ask Nigerians in Kenya - they get kicked out.
Our immigration is not Ghana joke.
no boy
Unless there is more planting, yield don't increase.
Kenya is the biggest ZOO on the continent where 90% of it population is poor while 40% of the general population is extremely poor.
Yet the Chinese run everything in your country from port to rail and general transportation. Construction to trading.
This is why poverty is so massive in kenya Kenyans remain paupers in their own country
rvp2018: The journalist quoted an expert. The expert estimated 95% of all mines are illegal. And you're quoting yourself as always Fool nobody give a damn what the figures your careless throw around.
which expert ?
All the mines have prospecting licenses from the minerals commission to carry out community small scale mining.
Awe the dumb fool from kenya is frustrated
At least we are proud of our people and award them licenses to mine and they are smart to use Chinese labourers to cut down cost of operations and make more money.
rvp2018: Here is one that you missed - a journalist investigation. 95% of all small scale minning in Ghana are illegal - run by Chinese gangs - armed with guns! The ghanian follow chinese trail - after the heavy machinery - they go to scramble for any left over gold with their bare hands.
95% of all small scale mining in Ghana are not illegal. In fact, they all have permit to mine and prospect and they are run by Ghanaians who own the mines.
The Chinese govt protested that their people were being scapegoated even when they are not the owners of the mines.
the price of mining anywhere has always been the destruction of vegetation.
How can they destroy cocoa farms and yet Cocoa harvest will increase by 20% ?
The Chinese and Israelis will keep milking kenya dry while poverty in kenya keeps increasing like the way extreme poverty has increased from 15 million people to 20 million people in your country
Artisanal mining began as small-time ventures. But the “romantic” era of individual mining has given way to “large-scale and dangerous” operations run by foreign-controlled criminal syndicates, Ghana’s President Nana Akufo-Addo told a mining conference in February. Ghana is Africa’s second-largest gold produce
Except after investigations into several mines, it was revealed that all of them are own by Ghanaians and the Chinese were contracted to be labourers.
And these investigations were carried out by investigation journalists and media houses.
rvp2018: Yes, Chinese kick them out of their cocoa farms, mine their gold, and smuggle it. Ghana and Zambia are twins. Chinese have basically taken over their country. They are both ever broke countries.
Ghana even made a chinese a King or Chief
we even made Europeans and Americans chief.
There are several levels of chief.
Just like the Queen of England awards Honors of Knighthood, orders of the empire, MBE and OBE and others
Chinese were brought in as labourers to work on the mines of Ghanaians who own them.
After we finish using them, we sent them back to their country.
In kenya, they have taken over everything in your country because your govt owe them a debt which hasn't been paid.
rvp2018: Chinese loans are the best. They are at same concessionary rates like IMF/WB - with some of it grants. Chinese also deliver - on projects - on time and on quality. Yes there contractors will come but that also help deal with corrupt African contractors. We gave some Nigeria company a road contract - they took 10yrs and delivered worst quality road. Chinese can do the same in less than a year.
And you think Chinese contractors ain't corrupt?
I will rather deal with a corrupt African contractor than a Chinese.At least the money will stay in the economy.
As a result of giving our own contractors contract. Today they deliver great project with superb quality and on time
The Chinese give loans at commercial rates with the prospect of taking your country over
rvp2018: Chinese loans are the best. They are at same concessionary rates like IMF/WB - with some of it grants. Chinese also deliver - on projects - on time and on quality. Yes there contractors will come but that also help deal with corrupt African contractors. We gave some Nigeria company a road contract - they took 10yrs and delivered worst quality road. Chinese can do the same in less than a year.
And you think Chinese contractors ain't corrupt?
I will rather deal with a corrupt African contractor than a Chinese.At least the money will stay in the economy.
As a result of giving our own contractors contract. Today they deliver great project with superb quality and on time
PetroDolla2020: keep on deceiving yourself kenyans are very corrupt kenyans fear their leaders will again steal the money simplicita stop talking crass crap kenya republic of china The chinese are coming for the money kenya owes
[s][/s]
Like they did with the WB money last year.
Their politicians pocketed them in their own personal bank accounts
rvp2018: Only COVID has sent countries to IMF. IMF was created for COVID-19 like situation. Nobody thought a country named Ghana would be going to IMF every 3 yrs.
IMF was not created for Covid like situations
How come your country has been to IMF more than Ghana?
Ghanaians are intelligent enough to play the IMF because we all went to the same monetary school and have built the existing financial systems. And we all worked on the same trading floors in NYC, Frankfort and London
Anyway, you country badly need that 2.5 billion dollars from IMF and China at this point is cutting back.
At a Glance 2021 Projected Real GDP (% Change) : 7.6 2021 Projected Consumer Prices (% Change): 5.0 Country Population: 48.693 million Date of Membership: February 3, 1964 Article IV/Country Report: October 23, 2018 Outstanding Purchases and Loans (SDR): 695.06 million (February 28, 2021) Special Drawing Rights (SDR): 7.35 million Quota (SDR): 542.8 million Number of Arrangements since membership: 20
rvp2018: At least for once they got Kenya population is 48.7M now. IMF is bad news. We had our trouble in 90s. We are very angry that we are back at IMF after 20yrs of peace. We know what IMF will demand - high taxes, cutback on social spending, job freezes on gov or even retrenchment, and finally cut on any development.
Your govt cannot avoid the high taxes even without IMF conditions. The kenyan Gov't stupidly borrow to build stuffs that were never going to make profit.
The only options left for your govt is to either cut spending or astronomically increase taxes.
From the look of things, they themselves have chosen to astronomically increase taxes.
rvp2018: Yes, we do not want IMF and their conditionalitie's. It's a nightmare. It's neo-colonialism. We are not Ghana to be dictacted by IMF in 21st century.
But you want Chinese money with even greater conditionalities that you wont even be able to avoid?
That is actual colonialism
Ghana dictates terms to IMF by setting it own pace Kenya can't avoid Chinese terms hence why they have taken over your country.
rvp2018: Nope. IMF bailout come attached with very bad conditionalities . This is why Ghana has completely left it's education sector to the mercies of the church.
If you want free money - go the Eurobond and take as much as you can - but obviously with bad credit rating - you'll pay Ghana like interest - sending you back to the arms of IMF
Ghana’s relationship with the IMF is a cycle of meeting targets under its programs before falling back on bad habits.
And Ghana never fulfilled any of those bad conditionalities even to the point of IMF threatening to prevent Ghana from approaching the international financial market. It was mutually beneficial, IMF get a good name from Ghana own progress in economy and living standards while Ghana gets free money from them.
IMF money has always been free money for Ghana. IMF knows Ghana will never forfill their terms but will still give it in order to look good to unsuspecting countries like Kenya. How far with you 2.5 billion dollars from them?
You can read from here GHANA WENT at it own pace and created an economy stronger and larger than that of Kenya.
And IMF got pissed each time.
Today, Kenya is at where Ghana was 40 years ago. A higher poverty levels, undeveloped service infrastructure and an unstable political environment.
rvp2018: IMF bailout broke bankrupt countries; It done that record 16 times in Ghana.
Ghana was never broke in all of those bailouts.
IMF offered great financial terms and it fostered Ghana's growth. In return, IMF went around the world preaching it gospel to unsuspecting countries like yours who don't know much about the financial market because your people weren't educated enough.
IMF got constantly ripped off by Ghana
Your country has so much to learn so it can reduce it 40 million desperate poor people out of which 20 million are extremely poor.
rvp2018: Let listen to your president for a change
Nana Akufo-Addo: The government in power today has received more resources – from loans, increasing tax revenues, receipts from exports – than any other government in the 60-year period of our national existence. Indeed more than probably three or four of them put together. Yet here we are, wallowing in corruption.
No serious effort has been made to tackle the structural problems confronting our nation, whether in governance or the management of our economy. No one seems to have a clear idea of what’s happened to all of this money.
The economy, four or five years ago, was considered the rising star of Africa. Ghana – everybody’s favourite African country – was on the verge of take off but is now bankrupt and back in the hands of the International Monetary Fund (IMF), begging for a billion dollars to sustain it over the next two or three years.
Desperation is when you go around the web looking for campaign propaganda from politicians 6 years ago.
Its is called political campaign postering.
The same person who said that Also said Ghana is so rich with so much financial resources and is mustering all of them to make sure Ghana runs on a "democratic socialism" as Bernie Sanders is preaching.
rvp2018: None of what you say is true. Here is the TRUTH - Ghana has been bankrupt more than any other Africa country for these reasons - ZERO BRAINS.
Ghana’s experience is a cautionary tale for countries that find themselves in a situation of having too much electricity at any given point. Without careful forward planning, proper data-driven analysis, and transparent, competitive, corruption-free contracting processes, any country could find itself in the same situation as Ghana.
Relevance is when you have to live all your life in a country that offer you a life of sanity yet still be bitter because they closed down your shop and preventing you from committing an illegality that would have landed you in prison.
Meanwhile you can't afford to live anywhere else on the continent.
rvp2018: You're a big fool - if you pay monthly or annually - what difference does it make - you will have paid AMERI the 500M dollars they invested; That is not BOT. You basically took a loan to build expensive useless thermal plants.
You call have enough electricity useless?
No wonder more than 50% of kenyans sleep in darkness like they are living in the dark ages .
Ameri operated the plant for 5 years and recouped their investments through selling power.
The only expensive investment in this world is having to go for a loan from China and awarding them a contract to take away all the money and yet repay the money with interest like stupid Kenya does all the time.
That is classic BOT dumb fool. Unfortunately kenyans ain't smart enough.
4 things you've learnt so far from me.
1.BOT can be done in 5 years. 2.Ghana use 75% to 80% of it 5400MW generation capacity 3. Ghana only pay for the power it uses. 4. 90% of Ghanaians are connected to the grid.
The 17 times bankrupt nation - indoctrinated by Vatican - continue to make bad decision after another - if not paying the Brits 76B dollars not to sit on their golden stool - it electricity deals like this
Ghana President Nana Akufo-Addo fired the country’s energy minister due to proposals for a renegotiation of a $510 million private power deal with Africa Middle East Resources Investment Ltd.
Under a proposal that was submitted to lawmakers with the backing of Akufo-Addo last month, a new operator would take over running the plant in a deal that would’ve incurred Ghana $825 million in fresh costs, according to an estimate by Kwadwo Poku, country director of Gasop Oil Ghana Ltd., an Accra-based oil explorer.