₦airaland Forum

32 billion dollars for next year

Bloodofthelambo:
no body involved Ghana, in the Negotiation, why not give us detailed Info on the role Ghana played.
After bombing Benin, we then require Ghana to mediate what exactly.
It was good we were deplomatic in their release,
Military action would have followed if Burkina Faso refused.

I like the kind of wee some of you Nigerians smoke before coming on here 🤣😂

AfriqueDuZuid12:
Don't know where you got this but SA tourism revenue was $36 Billion in 2024

36 billion is the size of the sector in relation to GDP and not the revenue contribution for the year by the sector

StivoH2022:
This Plus paying debt

not even a problem anymore
Ghana's debt to GDP will be 50% by year end.
Inflation is already in single digits.

Exports now at 30 billion dollars and import will keep dropping as a new refinery is fully functioning.

GeneralDae:
Kenyans what would you guys do about the passport bros flooding your country including J Rello? 🤣🤣

😂🤣 taking advantage of the sex tourism

Hmm

QuietMynd:
This take is weird.
But go on

you don't seem to have an idea

NairobiWalker:
Bro, Kenya is one of the few African countries that have maintained the value of their currency without needing a redenomination. You're proud of dropping four zeroes from your currency?

A redenomination does not affect value, it only changes a base of calculation

Mkenya2019:
https://www.reuters.com/world/africa/ghana-central-bank-delivers-record-rate-cut-inflation-cools-rapidly-2025-07-30/
Ghana base rate of 25% - and double digit inflation - 13% - - how does that economy even function.

it took 6 months for that to happen with proper governance... inflation rally was driven by a few things and once those issues were solved, prices across board fell. Transportation, fuel and prices of goods

Half year and we've already done about 14 billion dollars export. With a trade surplus of almost 6 billion, 7.5 billion dollars in remittance and about 5 billion dollars in tourism.

We can decide to drive the Cedi appreciate even further to 5 but doing so will affect the earnings of cocoa farmers greatly which is a hot political issue

vaxx:
hear directly from the horse mouth. Meaning directly from bank of Ghana.

24 billion dollars revenue, 27 billion budgeted to be spent, trade surplus hitting 6 billion, inflation down , current account deficit down to 3.1 and a positive current account balance

Lots of positives

AkoniMoipei:
Huge difference because Black Americans are not coming for tourism but to settle permanently.

I have been to Thailand on numerous occasions, you'll hardly find black people in that country.

There's very little opportunities in that country to go round and that is why prostitution is a big job there .

AkoniMoipei:
You havent explained how Black Americans have destroyed tourism in Thailand.

it wasn't black Americans who destroyed Thailand infact they make up the least of the tourists.

Thailand was destroyed by German tourist, Filipinos and Chinese tourists who flood there for sex tourism.
Especially Pattaya

ProblemChild1:
Flood don finish Ghanaians for Ghana

which flood are you talking about again

GeneralDae:
But still one of your top exports and you are the second largest producer and exporter in the world.

yes but we are earning less money from it than when the price was low because we are exporting fewer cocoa now

GeneralDae:
Did Zambian and Argentine export increase significantly at thesame time? Gold is your biggest export.

Don’t you know how much gold prices also increased in the past 6 months? If copper prices increased significantly when Zambia paused debt servicing, of course their reserves would get boosted due to both factors happening together at thesame time. Why are you arguing this?

Cocoa also increased four to five fold in 2024/2025 and you are the world’s second largest producer.

So you paused your debt servicing and had two of your biggest exports increase in price by several folds, what then are you arguing?

Ghana's cocoa production is the lowest it has ever been

GeneralDae:
Pausing debt payments plus record highs in gold prices does improve economic fundamentals.
Also, the new Government is yet to start spending aggressively in order to meet up with the IMF goals which were missed by the previous Government late last year.
It’s all four factors combined:

Record gold prices
Record cocoa prices
Slow Government spending comparatively
Paused external debt servicing

However, as long as inflation stays above 15% and your interest rate is high, the cedis would weaken again later in the year when the Government starts spending more.

inflation will drop to single digits before end of year as prices drop.

Cocoa does not play a role.
Debt servicing will not make a dent because of how the debt is spread.

Government is actually spending but not in a wasteful manner

GeneralDae:
They have paused most external debt servicing since 2024. That’s another crucial factor.
Nigeria on the contrary spent 2 Billion dollars on debt servicing in the first four months of this year coupled with tanked oil prices.

The happiest people right now are Bond holders of Ghana

rvp2018:
You leave CNN article to quote a Kenya rag
Ethiopia has banned the import of petrol private cars.

Ethiopia has taken early lead in EV


https://www.youtube.com/watch?v=0AAt0Tn49wU

cnn is just quoting from the same erroneous assumptions that you're quoting from.

rvp2018:
Its jumped 42% or more this year - so let see how it plays out. Aside from GOLD prices that are 30% high - nothing else justify such huge appreciation

A huge trade surplus driven by export and 7 billion dollars remittance and discipline spending justify it.

We've ran a trade surplus for so long and nothing justified the depreciation of the Cedi, this is just a reset
43%

forgiveness:
Drop the report. We don't want the fabricated from Ghana media.

i already did
Ghana media only report what is obtainable from Ghana vehicle registration authority and Ghana energy commission which certify every single one of those cars

https://africa.businessinsider.com/local/markets/top-10-african-countries-leading-electric-vehicle-adoption/5zgq8ej

rvp2018:
Ghana Cedis is over-valued.
You'll cry like Nigeria did denying the obvious.
Until the reality hit you.

Remember for donkeys years I told Nigeria their GDP was 180-220 - 200B.

And they cried here - hated me.

wait till we bring the Cedi dollar rate back to 3.5 as the government is targeting to bring Ghana's debt completely under control. All of this could happen by July 😂
15 billion dollars has been shaved off Ghana's debt

You'll cry more

rvp2018:
Usual Ghana mad cow roaming the nairaland streets.

Ethiopia should be well onto 200,000 now,
They even banned petrol cars.
https://edition.cnn.com/2024/08/17/climate/ethiopia-evs-gas-car-ban-climate/index.html

That CNN article.

it does not pay to be an empty head
https://www.the-star.co.ke/counties/eastern/2024-04-20-the-african-countries-with-the-highest-number-of-evs

The Ethiopian vehicle registration authority says they've registered only 5,000 vehicles but you're running with an estimate based on a dream

rvp2018:
Ethiopia leads with 70,000 EV last I checked.

dream on ....
Ethiopia has only 5,000 or so

forgiveness:
Did you count the ones in other African countries?

there's a report on it with stats from the leading African countries

GeneralDae:
Nice.

I should have put money on the Ghana stock exchange to earn 30% over the last few months especially when some stocks went as high as 150%

MTN Ghana total asset value is s 4 billion dollars.

Ghana has the highest number of electric vehicles on it roads compare to any other African country.