₦airaland Forum

im referring to Nigeria

Isnt that the country whos generation grade you were talking about?

TayserMahrii:
What is Ghana doing?

TayserMahrii:
You are still using the locomotives the British left you 60 yrs ago. Poor Ghana. Pull up your socks.

We are using the ones we bought after independence and have rebuild them to suit modern standards.
Adding latest communication technologies and signals and switches.

Too bad you guys in Kenya went to spend billions to buy something that have existed for over 50 years now.

Did you guys not see better trains on the market?

vankelvin:
But is it necessary to demolish this building?
You can still build another terminal at the airport? OR?.

it is very necessary

It has outlived it usefulness

TayserMahrii:
They always had money.

and now they are doing it

TayserMahrii:
Lets talk when you have decent units not steam powered trains that derail on every stretch.

Guy those trains are refurbished trains that have been running for 60 years now.

Too bad you guys picked up huge monies to go and buy the same thing.

You should learn from Senegal and Ivory Coast

TayserMahrii:
It doesnt simply mean it will happen because it is possible.

because it is possible and they have the money is the exact reason why it will happen

TayserMahrii:
Ease on the stories chief. They have become stale and boring. Post the best trains you have in Gold Coast.

now you are coughing

you guys went to buy old gorogoro trains at such huge cost. a technology that is fading out

TayserMahrii:
What are the chances ? Have the country we're talking of in mind. This is not just any country. It's a country with a well established legend regarding power issues.

It doesn't mean it is not possible.

TayserMahrii:
Post em gwongoros

The gorogoro you guys use currently is of lower standard than what we use on our western line

Though they are of similar design

you can jump from 4000MW to 21000MW in 3 years when you have the money.

It takes 3 years to set up a generating unit

TayserMahrii:
You can't jump from the current 4000 MW output to 21000 mW in 3 yrs. Plus we already humbly told you your problem is transmission not production. You could even produce 50,000 mw but still not use much if it. On a second thought, you probably want to use generators to power your electric trains, which is ofcourse very impressive.

i know, you guys always need to be taught a thing or two daily because you had poor up bringings.


The expanse of two economies are compared using PPP. And that shows hows smaller your economy is to Ghana and Ethiopia.

You guys are at the same level with Tanzania.

Mkenya2019:
Yes, he is a special need kid.

Check the PPP
thats is how comparisons are done.

Abohboy:
As much as I like west Africa I have to say your wrong your economy is much smaller than that of Kenya

gallivant:
My economy is greater than yours by many $billions without any minerals. You should check yours.

your economy is smaller than ours by 30 billion dollars. so just rest the noise.

gallivant:
How so, minerals contribute 0 to the Kenyan economy.

You might want to check your economy again.

Having diversity means various sectors of contribution to your economy.

TayserMahrii:
Better not add Ghana with their gwongoro trains I thought we were talking of electric rail only. Nigeria doesn't have electrified railways. In West Africa only Senegel has a tiny miniscule stretch of electric railway. In East Africa it's a whole different story because we have the Ethiopian - Djiboutian electrified railway stretching for more than 750 Kms, and now the Tz railway stretching for more than 400 Kms once complete. That brings it to a total of over 1000 Kms of electrified rail in only two EA countries. A massive blow already to WA. When Kenya decides to electrify her own we're talking of over 1500 Kms of electrified rail.

our trains are still better than the shit you spent 5 billion on



They are old but effective

Mkenya2019:
You can see what non-mineral broad-based growth can do. Now Ghana with all the minerals has nothing

Minerals contribute 10% to the Ghanaian economy, so the Ghanaian economy is far broader and more diversified than your economy

Since you dont know

The Mining industry employs a million people and that is 4.5 million secondary beneficiaries.

10% direct contribution to the Ghanaian economy is not a small value chain and cascading effects.


30 million Ghanaians benefits directly by a reduced tax burden and it associated beneficiary extensive social services which they enjoy.

Cocoa has a less reach on the Ghanaian economy as compare to all the other crops in the value chain of the Agric sector.
there are 100,000 cocoa farmers.

It is always good to have various kinds of organizations who have the financial muscles to monopolise certain aspect of your economy before corporation of foreign origin does.

That is where SPRINGFIELD, GNPC,EXPLORCO and Ghana Gas comes in.
All of which are institutions with enough financial clout to own the Ghanaian gas sector.

Mkenya2019:
That is called splitting of hairs - and even if we allowed you it - you can see the multiplier can be listed in one page.

What you call Ghanian companies - including SpringField - is akin to claiming Dangote getting richer is akin to Nigeria getting richer.

Those are individual players - but does 30M Ghanian feel the oil and gold industry? Beyond the small taxes it pays. Nope.

They feel COCOA more - and yet Cocoa contribution to Ghana GDP is minuscule compared to Gold and Oil

Wuoche:
This guy is an anointed liar , Yesterday I really exposed him here on the road issue.

Small-scale mining forms an important sector of Ghana’s economy, employing one million people directly and supporting the livelihoods of about 4.5 million people. The industry accounts for 35% of the country’s total gold production.

Now that I've opened your eyes, you can Thank me later

Kazikazi:
I stopped reading when you said 1.5 million tones of gold is mined by locals!
Do you know a tonne of gold goes for over 40 million dollars?
Now multiply 1.5 million × 40 million dollars.
So your locals gets that huge cash!??

Lies lies lies. Everything you have is a scam

https://www.theafricareport.com/20077/ghanas-traditional-and-state-powers-must-collaborate-to-halt-illegal-mining/

Small-scale mining forms an important sector of Ghana’s economy, employing one million people directly and supporting the livelihoods of about 4.5 million people. The industry accounts for 35% of the country’s total gold production.

i meant Ounces

thats an oversite

Kazikazi:
I stopped reading when you said 1.5 million tones of gold is mined by locals!
Do you know a tonne of gold goes for over 40 million dollars?
Now multiply 1.5 million × 40 million dollars.
So your locals gets that huge cash!??

Lies lies lies. Everything you have is a scam

Kazikazi:
You are correct.and again..
Ghana don't earn 30% from gold exports! The most they can get is 5%.
In TZ,we have been fighting with barrick gold and we ended p with 16%.What about Ghana which can't raise a voice against those London SE listed companies?

Yes agriculture is more beneficial together with manufacturing and tourism.These are sectors which employs a huge numbers of folks and the benefits are massive. Countries which are progressing on those 3 sectors are usually appear more developed and have a high life standard

i like all of you, your ignorance

Holders of large-scale mining licenses are subject to corporate tax (35%), capital gains tax (15%), withholding tax for foreign residents (15%) and royalties (5%). In 2014 the government extended the applicability of the Capital Gains Tax provisions in the Internal Revenue Act, 2000 (Act 592) to petroleum operations.


Ghana and Ivory Coast together placed a windfall tax on mining.

Too bad Tanzania is a small fish and cant take mining companies on.

here, we tax the shit out of them while ensuring that al their huge contracts goes to Ghanaian companies because that is where the money is.

Yes it does

For instance, 1.5 millon Ounces of gold is mined by Ghanaian gold mining companies.

2. All large scale mining companies outsource most of their mining services activities to Ghanaian companies like E&P and others whom they pay 500million dollars to each year for a lot of their mine development activities. Check the numbers of mining companies and you will see how much is going to Ghanaian companies.

3. cost of operation to pull one tonne of gold is 680 dollars. Multiply 680 by 5 million ounces and you will get the amount of money spent in Ghana.

4. All the large gold mines combine makes only 2 billion dollars in profit after tax of which some dont even have whole ownership.

For oil, All of the gas at Tullow fields goes to Ghana at no cost. The ownership structure is such that GNPC owns i think 15 or 20% of their oil production before they gets to pay taxes. Most of their service provision contracts are awarded to Ghanaian companies.

ENI gas field is 30% owned by GNPC and Explorco
Springfield gasfield is wholly owned by the Ghanaian company. (the largest)
Aker Energy field is 10% owned by GNPC which they can increase by the agreement. (It was dropped from 30% to give the company more lead way to explore)
Now go and spin your head.

Mkenya2019:
No it doesn't.

Start with Gold - most of it stays in Anglo Ashanti accounts in London and Newyork. It's not Ghana gov selling gold. It's AngloAshanti selling it

And then paying mining royalties - and taxes - that at best is probably 30% of gold production.

The same with Oil - most of it goes to Tullow and it stays in London

And all you get back is oil royalties and tullow taxes - maybe 500M - per annum to Ghana treasury.

As for employment - you can easily find how large the Tullow Ghana and Anglo Gold Ashanti workforce is - maybe 1000 staff each.

Now look at your cocoa - its brings maybe 2.5B dollars - but employ maybe 300K thousands Ghanian farmers.

Those are the industries that fight poverty.

And better if you go to manufacturing.

Always remember GHANA doesn't export Oil or GOLD - it's Tullow and AngloAshanti who does that - and of course Chinese smugglers.

Ghana earns mining royalties - and whatever Tullow or AngloAshanti wants to pay as taxes!

so a furniture show room is a mall




wetin Musa no go see from Kenyans

Wuoche:
This is Coloho shopping mall, it is specifically for furniture

Kazikazi:
You are mad.You exported close to 10b dollars worthy of gold.Almost all that monies is in the pockets of multinationals. Same applies to your oil.Hydrocarbons and minerals in Africa is a scam.Very little is benefiting average man .No wonder why your fellows trek the Sahara desert en route to Libya.

Wages vs cost of living..
Earning more doesn't necessarily mean a better life.A cost of living is a main factor here

You are crazy and knows nothing

we export 8 billion worth of gold and 6 billion of it stays in Ghana in the form of taxes, cost of operation which goes to Ghanaian companies, wages and Ghanaian owned mines.
And for the oil industry, 99% of the jobs are held by Ghanaians.
And most of the monies goes to Ghana in the form of Gas, taxes and shares.

This is why our people live better lives and live in good houses

Kazikazi:
Deviding the total GDP to number of citizens gives u per capita of each country. But,most of GDP from African nations are from hydrocarbons and minerals,and these sectors are dominated by foreigners who usually employs less locals and shifts the whole profits abroad.Very little money is left to African nations. That is the main reason why we have bigger GDP in some nations, but with a huge numbers of poor folks.A quick look at most folks who drowns on meditanean sea on way to europe will prove my points.

The hydrocarbons industry doesn't work like that kiddo.

and we are not even talking about per capita but wages and expenditures.

jln115:
What? Bro!! my argument is not why the prices are higher in Nigeria, but the fact that they are higher JEezez dude you are literally having your own argument with yourself!

The fact that they are higher is no different from the fact that they are higher in Nigeria

Asking those lines of questions makes it looks like you dont know hows the housing market get it prices.

jln115:
Well you are having an argument with yourself mate since I've never argued with you on why its so expensive......

i guess you dont know what you've been saying at all

jln115:
As i said......my argument wasn't the reason why its more expensive but the simple fact that its so expensive..........Do you understand now?

and my argument is telling you the reason why it is more expensive.

watch the video and you wont keep typing

jln115:
SA has around 2 million housing unit deficit

SA does not have the amount of money that is chasing the Nigerian supply .

jln115:
Look bro i understand supply and demand......My argument is not why housing is more expensive but the fact that its more expensive

demand is the reason why it is more expensive
when 200m people are chasing those available

jln115:
Tanzania has 56 million people and is he 25th largest in the world in terms of population..........If Tanzania is small then so is SA.

56 is a far cry from 200

does SA have a 22million supply gap with equally wealthy people chasing the small available ones.

SA has an abundance which people are crying for renters

jln115:
Even per capita its facing nearly double the housing deficit than Tanzania

tanz is a small country and a poor one

and that's respected as well