₦airaland Forum

Mkenya2019:
Monkey do Monkey say

you were boasting all around the place that Ruto will cut expenditure and stop borrowing to make your debt level sustainable and so far he hasn't done any.
Let your baboon do it for you like we've done and see the horrible effects

desperate child

Mkenya2019:
I will only give a rat a.sre in 2037 about Ghana. You're a broke. I have the most passive interest in Ghana because you're broke. When you're broke - nothing is going to happen for 15yrs. No development. Nothing.

Keep crying... Ghana has used few months to almost completely solve it debt problem.

Your broke country will be joining Sri Lanka if Ruto does not stop borrowing and cut expenditure by 600 billion kshs.
Results of this is the dollar shortage, fuel shortage and food shortage. 🤣😂


The kind of development happening in Ghana, Kenya can only dream of in a decade time.

Kenya remains a desperately broke country

Mkenya2019:
You are broke - cant pay wont pay. Mad cow.

who is broke now 🤣😂

The IMF and WB just declare my country debt payment as sustainable while that of Kenya remains unsustainable.

Infact we can see the unsustainability of your debt payment structure in the current queues all over Kenya for food and fuel.

Crazy boy

Mkenya2019:
Data never lies. Kenya is now more food secure than Ghana. Majority of kenya live in small land that is arable and make it work. The few struggling with 5yr drought are in deserts and semi-arid. There is nothing we can do to make rainfall fall...if it refuses.
https://en.wikipedia.org/wiki/Global_Food_Security_Index

Says the food insecure country...

Should I post food security on the continent for you, again? Your country is declared food insecure in 2022 and 2023.

After I showed your that Kenya has far more cultivated lands that Ghana but makes less from it, you are no longer claiming your usual excuse of Kenya having 10% arable lands and the rest of the country is desert ? 🤣😂🤣

Good nairaland is for teaching Kenyans sense and more about their own country

Mkenya2019:
I leave you to Prof Steve Hanke of the prestigious John Hopkins university
https://twitter.com/steve_hanke/status/1632129790265409536
In #Ghana, the #cedi is rubbish. By my measure, the cedi has depreciated ~50.92% against the USD since Jan. 1, 2022. Thanks to Pres. Akufo-Addo, Ghana's economy is in shambles.

Ghana still remains in a far better situation than your country Kenya .

Ghana debt interest payment and amortization for 2023 is 3.5 billion dollars. Ghana budgeted 55 billion cedis. 34 billion cedis for domestic debt and the rest for external debt.

But after a successful domestic debt restructuring, Ghana will end up paying far less.... Just 2 billion cedis on domestic debt.
At this rate, Ghana does not even have to restructure external debt and the govt will have enough fiscal space to carry out it policies.

Kazikazi:
That's what u love most,lies.l
At the same time on ground many are starving,The uncle SAM is busy feeding you,but surprisingly you are claiming to be food secure than TZ

he's living in an alternate universe

Mkenya2019:
Interest rate of 45% - inflation of 50% (unofficial 90%) - debt to gdp (100%)

next time.. get credible stuff and stop posting fakes

Ghana total debt is 28.4 billion external plus 11 billion domestic
That's 39.4 billion dollars which sums up to 570 billion cedis.

That's about 50% of Ghana GDP... Real data according to the IMF and WB debt sustainability report which declare Ghana debt repayment as sustainable.


Unlike Kenya where your debt was declared unsustainable... It all had to do with your huge debt to revenue

Mkenya2019:
It was actually Kenya maasai who were complaining. Tanzania and Ghanian are meek people. The impact of communism lingers.

You think Ghanaians are weak like Kenyans er .... We know how to effectively press our govt to keep them on their toes hence they don't act stupidly like in Kenya.

The corrupt Kenyan govt managed to sign on to do many bad deals that pushed your debt repayment to 14 billion dollars for 2023 and hence the problem.

QueenNyakim:
Similarities between Ghana and Sri Lanka.

Both are bankrupt.
Both tried cutting taxes but never cut spending.
Both are defaulters in huge debt to private western owned loans.
Both gave huge promises to the people.
Corruption is worse in both.

Difference between the two countries? Sri Lankans rose up and chased their fraud of a president out of the country while Ghanaians dont care and didn't rise up against the NPP at all.

Hell, even North Sudan rose up and overthrew their dictator and forced their military dictator to stepdown after the price of bread rose in the country and installed a civilian democracy.

Ghana has no similarities with Sri Lanka

The closest so far is Kenya.

If what was happening in Kenya at the moment were to happen in Ghana, the govt will be forced to resigned.

At the moment, even expenditure cut is not likely to safe Kenya unless they take the drastic step of laying off workers or cutting down on salaries

Mkenya2019:
Standard & Poor's credit rating for Kenya stands at B with negative outlook. Moody's credit rating for Kenya was last set at B2 with negative outlook. Fitch's credit rating for Kenya was last reported at B with stable outlook.

None of which have a bearing on whether you're paying your debt or have the capacity to pay or not ...
The bearing is determined by whether you have the money and so far Kenya does not have hence the defaults and IMF bailout. 140% on debt and wages alone

That's how messed up things are at the moment and it will only get worse. For Kenya to be able to fix this mess by 2036, your govt will have to cut down on expenditure by a 700 billion kshs and cut down on borrowing by 600 billion.
None of which has been achieved and it looks impossible because it will lead to an uprising

Mkenya2019:
Stop projecting.
There is NOTHING worse than a country becoming bankrupt.
Ghana will take an entire generation to recover.
Your own gov admitted they will sort debt earliest 2037
You wont start paying any debt until 2026.

You clearly have not understood what hell your country just did by declaring bankruptcy.

KENYA HAS NEVER DECLARED BANKRUPTCY. NEVER EVER.

There is no day a kenya finance minister has woken up to declare gov wont pay debt.

Yes there's nothing worse like a country becoming bankrupt.... That's why Kenyans are queuing for basic food and fuel. A sight I last saw in Venezuela.

Ghana has already paid so many debts this year.

Kenya has gone bankrupt 25 times in it miserable history.. the most of any country and over the last 5 year defaulted on so many debt, cumulating into the current dollars shortage we are seeing, leading to food and fuel shortage.

That's how messed up things are at the moment and it will only get worse. For Kenya to be able to fix this mess by 2036, your govt will have to cut down on expenditure by a 700 billion kshs and cut down on borrowing by 600 billion.
None of which has been achieved and it looks impossible because it will lead to an uprising

Mkenya2019:
Kenya economy will grow 6% almost - this year - despite 5yr of drought.
We are not bankrupt.
There is no dollar shortage that has impaired anyone from importing.
Inflation is not double digit.
It's 9.2%.

What hell will broke Ghana ever tell Kenya - NUT CASE get treated.

A growth that won't trickle down because it is a cosmetic bubble economy that is not transformative.

It will be dire and your debt situation grows dire every year.


Chaos is what is happening in Kenya at the moment, a situation Ghana last faced in 1970s ...learn so that it never happens in Kenya again.

It's an eyesore to see Broke Kenya force it citizens through this kind of miserable living where they have to queue for everything.

Mkenya2019:
Madcow from bankrupt Ghana.

The 4 South African banks have made provisions of $267M for the impairment of Ghanaian bonds while Stanchart (UK) will set aside $160M.

Share prices so far this month:
—Stanchart: -19.2%
—Absa: -13.5%
—Standard Bank: -9.8%
—Nedbank: -8.1%
—FirstRand: -6.3%

Every bank will have to pay up to recapitalize.


Crazy dwarf

Meanwhile banks can't even find dollars in your economy to transact business globally

The message is still the same, learn to grow the food you eat. We are tired of seeing your poor faces on global television at prime time. If a country can use 6.5 million hectares to feed itself and export then Kenya can do better with 24 million hectares.

Such a bankrupt country

Mkenya2019:
Ghana is bankrupt now.
It's rated D - DEFAULT - BANKRUPT

The country has about $13 billion in dollar-denominated international bonds, or Eurobonds, as they are also known. Standard & Poor's credit rating for Ghana stands at SD with n/a outlook. Moody's credit rating for Ghana was last set at Ca with stable outlook.

None of that disprove the fact that Ghana is still paying her debt while feeding it people and providing fuel.


Meanwhile Bankrupt Kenya can't pay her debt, can't provide food for her citizens because it was too lazy to plant and don't have money to buy fuel hence the chaos in Kenya.

🤣😂🤣

Common sense that should be taught in all Kenyan homes is
Use the lands to provide Kenyan needs.

Mkenya2019:
Lol - seek help. This is clinical madness.

Communist tried those ideas. Ghana became bankrupt first in 1962 - by communist Kwame Nkrumah. Then 1972. So many other times.

Until you get out of communist ideas like central planning (deciding this is staple food and therefore people plant this) you're going nowhere.

Capitalism, free trade and economic freedom will fix problems magically.

Throw in democracy. You've got a very stable prosperous nation like most of western Europe and northern America.

Last time Ghana went bankrupt and couldn't import food and fuel was in the 1970s ... So Kenya is at where Ghana was, far back in the 1970s and you guys have had to have this experience 25 times in your miserable history since independence.

That's what communism has done to Kenya ... The stupidity of it, made you guys use 24 million hectares to grow nothing but tea, flowers and coffee.. and go hungry

The craziness you're displaying here is just an indication of food deprivity 😂🤣 something so common to all Kenyans.
Leading to improper brain growth

Mkenya2019:
This why I call you a mad man.
Kenya is not bankrupt - dutifully repaying debt - this month alone we repaid china 500M dollars for the railway.
Ghana is bankrupt - has suspended payment of all domestic and external debts.
Those are not disputable facts.

The rest of nonsense are therefore not worth any response. It pure mad ranting

Same Kenya that has defaulted on too many commercials loans and counting ?

You think it is for no reason Kenya can't afford to buy food and fuel? The signs of a bankrupt nation

Ghana is paying both external and domestic debts.


I know truth and facts hurts your feeling and you'll always have no reply for them that to admit.
Some quotes to teach you sense, from some of the most sensible people in the world .
Crazy dwarf

These are the most important things of every nation

Mkenya2019:
Cost of production mad cow includes cost of queuing & paying for fuel and finding dollars. If it expensive - in kenya - think about bankrupt Ghana and dysfunctional Nigeria.

That is why it make sense to import rice from Asia - export chocolate for Ghana - tea for Kenya - and palm oil for Nigeria..

Again, I am not going to bother checking data from Ghana until 2037.

You're bankrupt. Bankrupt mad person is to be pitied.

sorry kiddo.. it will never make sense to import a staple that you can grow yourself.

Importing everything is the reason why Kenya is bankrupt.
No wonder the world pity Kenya because you guys are hungry, bankrupt and dumb to even produce the things you eat.

Kenya has 24 million hectares of cultivated land. That is the size of the entire Ghana.

Learn sense and grow your own food so that you don't end up running out of dollars like you have currently.

Ghana use just 6.5 million hectares of it lands to feed it people and also earn more in agriculture products export than Kenya.

Rice is cheaper in Nigeria than in Kenya and Ghana, rice is also cheaper in Ghana than in Kenya.

Mkenya2019:
Why dont you come and grow rice in the land; see how much money you'll make competing with cheap asian rice.We have a free country. We are not a communist backwater that decides for people what to do - like Kenyans are kids.

Every kenyan sit down - and decides what to plant - after doing his own calculation.

Outcome - We have one Africa largest Agri sector - despite our semi-arid land.

That is beauty of economic freedom, free trade and capitalism.

at the price you buy rice, I'll make more money than anyone importing decades old rice from Asia but your country is a terrible place. I don't want to have to queue for fuel or not be able to find dollars to send home or struggle to have drinking water.

Your country cultivated lands is larger than that of Ghana yet Ghana largely feeds herself and ends more in Agriculture products export than Kenya.

Meanwhile every year, Kenyans go hungry despite having huge cultivated lands

Mkenya2019:
I am not here for popularity. I am here to help many LOW IQed people in this forum to understand complex issues. The feeling is almost mutual. I find most people here very stupid.

on the average, most people here are more intelligent than you

Kazikazi:
Your previous post made sense,you grow tea because u have the climate good enough for it,and you can't grow cocoa because your mate isn't good for it.
But few minutes later u confuse yourself by saying you can't grow rice because is cheap!
In my understanding kenya can't grow rice because u have a dry arid land

The very lands use to grow avocado and tea can be used to grow rice

Mkenya2019:
When did you speak to everyone.

I don't have to speak to everyone, I just have to look at how they address you

Mkenya2019:
I do realize you're a mad man.

Stop transferring your title unto others

Everyone sees you here as a crazy person

Mkenya2019:
It stupid to do this - it worse than useless.

Cost of rice worldwide.

Nigeria self-produce rice at 3.57 dollars a kilo - 4th worst in the world.
Ghana 1.9 dollars
Kenya 1.8 dollars - half Nigeria.
Cheapest - you'll get it for 0.6-0.8 dollars - this 5 times Nigeria!!!!!!!!!!!!!!!!!!!!!!
78. India
79. Thailand
80. Bangladesh
81. Paraguay

https://www.globalproductprices.com/USA/rice_prices/#:~:text=The%20price%20is%203.77%20USD,The%20database%20includes%2081%20countries.&text=(USD%20%2F%201%20kg%2C%20Source%3A%20GlobalProductPrices.com.%20)

You do realize that rice is still cheaper in Nigeria than in Kenya right ?

You also realize that if you produce rice, you'll most likely be enriching ordinary Kenyans than enriching the Indians who are responsible for the rice import in Kenya, right ?

Mkenya2019:
If people have money to import food - what problem.
Free floating KES will sort out import/export equilibrium.
Why must you produce rice when there is excess cheap rices produces in Asia.
Why not focus on expensive avocados - kilo of avacados can go as high as 5-10 dollars - kilo of rice as low as 50 cent usd.
Plant avacados - buy cheap rice.

First off.. the KES is not free floated
Imf already told you that.

You must produce rice because it's your staple and you're spending huge forex you don't have to import it.. which is why there's food shortage in your country, you can't afford it.

The money you spend to import rice, no amount of avocado planted in your country can bring you that money.

QuietMynd:
The post wasn't meant for ur post, I mistakenly quoted ur post.

oh okay

QuietMynd:
Do u jst call the world staple as useless, is there a country that doesn't eat rice.

maybe the Europeans, since potatoes is their only food.

Mkenya2019:
It rich getting advice from a bankrupt country unable to pay debt until 2037.
There is enough food in high seas - so why would we grow useless things like rice - instead of high value crops like avacados.
Allow capitalism and free trade to decide.
They are way smarter than anyone.
Leave alone a mad cow like you.

If there was enough food, it won't be so much expensive in Kenya.
Grow your own food and your country will immediately cut 6 billion dollars from your import bill.

When your country is spending 6 billion dollars to import food that can be grown in Kenya, you guys are using the land to grow Tea and avocado that you only make you 1.6 billion dollars combined.
Yeah what a smart way to waste time and land.. they must be the smartest people in the world 🤣😂

QuietMynd:
I'm sorry, 6 month forex is the required forex a country is advised to have buddy.

Yeah

We were talking about petrol and Diesel in their country storage facility

Mkenya2019:
Classic madness. Kenya export food. Kenya import food. It balance out. If every country was to plant their food - that would be moronic. We have comparative advantages in certain areas - like growing tea - we cannot grow cocoa - although some people in kenya consume cocoa.

We cannot grow the 500 food types people eat - FREE TRADE and CAPITALISM - will work the magic.

Gov job is to facilitate trade and capitalism.

You can't even feed yourself because you import all the food you need while using your land to grow useless avocado and tea.

If it balanced out, you won't have a trade deficit of 18 billion dollars.

Learn to feed yourself

If trade was free, you wouldn't be needing dollars to buy food for Kenyans to prevent starvation

Mkenya2019:
We have 9 months supply deal - that ensure fuel supply. There rest are beyond you. You're not Saudi or UAES. Kenyans will buy fuel - at petrol pump - money given to Saudis. Previously we had to buy before using. Now we get the oil on credit - and pay after use.

How is poor Ghana GOLD FOR OIL DEAL

Did you find any takers?

You don't have dollars to pay for the fuel, so the one month stored fuel will stay in the tanks and the pines at fuel stations will keep getting longer and longer like Venezuela.

I cant believe Communist Kenya have to queue for everything including the very basic.
That's a broken country

Mkenya2019:
Dam is to provide enough water for domestic, commercial and farming activities.
Gov will also provide irrigation land - give it to private farmers - and they will decide what to plant.
Gov will not direct people on how to use water and what to plant.
Gov will provide incentive in priority areas - but will generally allow free trade to flourish.
We have east africa free trade - want to have africa free trade
Market economy decides - for example- it may be cheaper to import TZ rice - than kenya to plant them.

For now, gov has identifies areas it can assist build value chain - none is on maize - our staple - but we have dairy, tea, rice, cotton, leather etc.

Capitalism knows what is best. Markets demand and supply forces is the best policy maker.

Ghana being a communist backwater will never understand.

It will never be cheaper to import any food than to plant it yourself.
One description of communism where countries who couldn't feed themselves.
Communist Kenya will keep being the North Korea of Africa

Mkenya2019:
Kenya has enough fuel to last upto dec 31st after we entered a 4.8B deal. Some oil marketers were trying to intimidate gov - but gov to gov deal has been concluded.

There is of course general dollar shortage everywhere - but kenya has 3.6 import cover - just slightly below 4 months recommended.

Nigeria the zoo has locked up 750M from airlines.


Patrick Heinisch
@PatrickHeinisc1
·
Mar 14
#Kenya’s gov. signs deal with Saudi Aramco to supply🇰🇪with diesel & super for the next 6 months, while Abu Dhabi Adnoc will deliver 3 cargoes of super petrol every month. 🇰🇪oil companies will pay for oil imported on credit through gov.-to-gov. deal in KSh.

Another lie, you only have fuel store for a months usage and even that, there no forex to pay for it