₦airaland Forum

rvp2018:
Self-deprecating humor is a good coping strategy in times of economic meltdown. I will seriously talk about Ghana when it emerges from bankruptcy. 2037.

Shma2023:
🆗

🆗

rvp2018:
Ghana the IMF poster kid of bankruptcy

rvp2018:
Kenya GDP is now 120B - almost double Ghana now

rvp2018:
Nobody has the time nor the interest on your bankrupt economy. You cant even pay debt. Why would I calculate a bankrupt economy expected to recover in 2037? I.diiot.

rvp2018:
Latest from Steve Hanke

#Ghana's economic death spiral just continues to spin. Today, I measure #inflation in Ghana at a stunning 94.24%/yr, ~1.76x the Ghana Statistical Services' phony official rate. The GSS is producing RUBBISH.

https://twitter.com/steve_hanke/status/1632150426220122112?s=20[/quote]Steve is not interested in poor insignificant countries like Kenya

rvp2018:
Madcow you really have the energy!

Ghana debt to gdp is now 98 percent

Kenya last I checked was 62.5 percent

Shma2023:
Save us emotions, dwarf.

Shma2023:
Boy, no room for lies. You're not debating a random yahoo boy.

I have both 2022 and 2023 data. The last date was from the last Quater; Dec 2022_ which is $615B. ( $76B)

575 billion cedis is not 40 billion USD, dwarf. Lemme drop for you some exchange rates since June last year ~ CBG.

Your central bank says your debt is $77B, not $40B.

Statista is a Kenyan blog, IMF is not. IMF says ghana's debt to GDP is officially 100%.

Shma2023:
Central bank said that, not me.

And yeah, I gave you two scenarios, well analyzed. Don't ask stupid questions.

The same bank says GHana GDP in July 2022 was $502billion. You can't lie here.

Shma2023:
Dunce, you brought central bank, not me. I'm just decompounding your $575B from central bank. Don't cry already.

I don't need blogs. I'm glad I've reduced you to blog peddler.

Shma2023:
Lemme help you. You seem obtuse.

Ghana central bank from the latest report says your nominal GDP is GHC502 billion _ but let's assume your GDP is $77B . You said ~in third pic, that your debt is GHC575 billion; which translates to $77.7B using GHC 7.4 of forex used in the last quarter of your fiscal year ~ in same CBG report. Your GDP being $77B means your debt to GDP is hovering at a whopping 100%_ That's if we stick to the central bank of Ghana.
~ 1st, 2nd pics.
Let's try a 2023 Ghanian data:
Let's assume Cedi was trading at GHC 8 in the first Quater before depreciation kicked into 12 cedis against USD. GHC575 billion will be pretty much 71.8($72B).
Let's also pick your fantasy GDP of $77B.If we do the percentage; we will get more or less 93% debt to GDP _ which your central bank also approves ~ last pic.

Shma2023:
Last pic.

Ghana debt to GDP @ 93% ~ Central bank of Ghana.

A hobbit will come and disaprove his own data.

Wait and see

Shaytun:
Lol.

Even Trump is still trying to reclaim his mandate, and claiming the election was rigged.

GeneralDae:

https://www.youtube.com/watch?v=jZ5OhjNlYdA

Seems Raila still wants to reclaim his stolen mandate. Wahala nor dey finish?

rvp20182:
They had almost 30B dollars worth of external debt; and 25B on domestic debt;
That 30B has nearly doubled to 50B - due to Cedis depreciation;
Now add 25B in cedis - local debt.
You get 75B - that is 100% plus of Ghana debt to GDP.

That is big risk with external debt. Currency depreciates - you're in for the music.

Shma2023:
Facts should be backed up with reputable sources_ like IMF, world bank, ministry of finance, and the like. Facts are not random barrels dug out from hobbit's @sses. You should start making debates work. Making a debate work is through proving facts with legitimate sources or, accepting facts when you see one. Don't be desperate because Kenya, Nigeria, or SA is doing better than Ghana.

Shma2023:
$58B debt in a GDP of $70B is pretty much 82%. That was in 2021.
Ghana in 2023 is having more than 100% debt to GDP.

"At least you know Ghana's debt is $80B" -- Yes.

vaxx:
probably because of her small population and the portuguese lingua

vaxx:
Carpe verde is a beautiful country in west africa that is not very popular . It is the most developed west country ( Ghana comes second ).

Shma2023:
Don't guess numbers like a nut.

Ghana's debt to GDP is 100% - in 2021, you guys were doing 80% of GDP. Meaning, your debt should be hovering around $55B-$75B in 2021 to 2023 respectively.

Kenya's total debt is around Ksh8.7T .

2021 data from your ministry of finance.

GeneralDae:
I think this is limited mostly to Eurobond debts. Nigerian Eurobond debt I know is 15 Billion dollars.

68816419:
Any proof Sir?

68816419:
Most indebted countries in the world
How can Kenya and Ghana be more indebted than Nigeria?
1. 🇺🇸 United States = $31 trillion
2. 🇬🇧 United Kingdom = $8.73 trillion
3. 🇫🇷 France = $7.04 trillion
4. 🇩🇪 Germany = $6.46 trillion
5. 🇯🇵 Japan = $4.36 trillion
6. 🇨🇳 China = $2.64 trillion
7. 🇮🇹 Italy = $2.51 trillion
8. 🇪🇸 Spain = $2.26 trillion
9. 🍁 Canada = $3.2 trillion
10. 🇦🇺 Australia = $1.83 trillion
11. 🇨🇭 Switzerland = $1.82 trillion
12. 🇸🇬 Singapore = $1.67 trillion
13. 🇧🇪 Belgium = $1.28 trillion
14. 🇦🇹 Austria = $757 billion
15. 🇳🇴 Norway = $721 billion
16. 🇫🇮 Finland = $613.9 billion
17. 🇮🇳 India = $610.5 billion
18. 🇧🇷 Brazil = $556 billion
19. 🇳🇱 Netherlands = $555 billion
20. 🇩🇰 Denmark = $492 billion
21. 🇷🇺 Russia = $489 billion
22. 🇹🇷 Türkiye = $444 billion
23. 🇬🇷 Greece = $442 billion
24. 🇲🇽 Mexico = $437 billion
25. 🇵🇹 Portugal = $408 billion
26. 🇰🇷 South Korea = $407 billion
27. 🇵🇱 Poland = $364 billion
28. 🇦🇷 Argentina = $273 billion
29. 🇲🇾 Malaysia = $229 billion
30. 🇮🇪 Ireland = $228 billion
31. 🇺🇦 Ukraine = $225 billion
32. 🇦🇪 United Arab Emirates = $220 billion
33. 🇸🇦 Saudi Arabia = $201 billion
34. 🇲🇷 Mauritius = $200 billion
35. 🇹🇼 Taiwan = $199 billion
36. 🇦🇺 New Zealand = $192 billion
37. 🇨🇱 Chile = $187 billion
38. 🇵🇷 Puerto Rico (United States) = $167 billion
39. 🇰🇿 Kazakhstan = $167 billion
40. 🇶🇦 Qatar = $159 billion
41. 🇪🇬 Egypt = $158 billion
42. 🇹🇭 Thailand = $149 billion
43. 🇭🇺 Hungary = $148 billion
44. 🇿🇦 South Africa = $143 billion
45. 🇨🇿 Czech Republic = $138 billion
46. 🇵🇰 Pakistan = $122 billion

60. 🇲🇦 Morocco = $63.7 billion
84. 🇰🇪 Kenya = $22.2 billion
87. 🇬🇭 Ghana = $22.1 billion

101. 🇳🇬 Nigeria = $15 billion

164. 🇹🇬 Togo = $1.17 billion

Shaytun:
Omo😂😂😂

Some of our leaders deserve to be flogged

Shaytun:
See this new president of Kenya ehn.

What kind of policy is this.

He’s recruiting 100 people into the government who’s role is to be praying for the country?

popizaino:
Kenyans are savage on Twitter sha 😀😀😀.

Already firing us with our choice of president.

vaxx:
I do not pray doom for NDC but the similarities is just too obvious.

ProblemChild1:
ghanaians don see fresh food I swear down

naijalander:
You still haven’t learned much. How’s that Ruto inflation going? #KenyanKwanzaBaby