₦airaland Forum

rvp20182:
SO you cannot even read a table...the value shown is incremented monthly - and in the final column is the total.

rvp20182:
This is one quarter in Kenya - 3rd Q - of last year

rvp20182:
https://www.bog.gov.gh/wp-content/uploads/2020/01/Summary-of-Economic-Financial-Data-January-2020.pdf

And the data is here.

rvp20182:
The Ghana hobbit - here is the data from your own Bank of Ghana
https://www.bog.gov.gh/wp-content/uploads/2020/01/Summary-of-Economic-Financial-Data-January-2020.pdf

You see 32 billion Ghana Cedis. That is small change. Kenya is world MOST advanced matured mobile money market.

rvp20182:
LOL - because kenya is around 45B dollars - you want Ghana to be just there

rvp20182:
Sorry, they confused cedis with the dollar. The authoritative figures come from your own gov.

rvp20182:
I provided data from Ghana Stats body - that showed in 2019 - you did mere 32B Cedis. That is roughly 5.2B usd dollars. Kenya I think did 45B dollars. That is 9 times!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

rvp20182:
Trust me when I tell you- that you're small babies in Mobile Money. Kenya is the WORLD GLOBAL EARTH leader in all things MOBILE MONEY REVOLUTION. Be humble enough and we can teach you.

rvp20182:
Don't confuse Cedis with USD. You did 32B Ghanian CEDIS. That is mere 6B dollars. kenya does nearly 9-10 times more.
https://www.dntghana.com/2020/02/10/momo-transactions-dominate-financial-inclusion-agenda/

rvp20182:
Ghana's Momo - Mere 32B Ghana Cedis- that is about 5.5B dollars. Compared to Kenya Mobile Money whose value I bet is now 45-50B dollars.

According to the Summary of Economic and Financial data, mobile money transactions recorded [b]GH¢32.8b[/b]illion in value as at the end of 2019 – signifying a more than 45 percent increase from the previous year’s value. However, cheques – which are the main payment system for banks – recorded GH¢16.9billion in December 2019; a decline of GH¢300million from the value recorded in the previous year.

rvp20182:
A true hobbit. I saw you're struggling to do 9,000 transactions a minute...while Kenya is probably doing 9,000 transactions every second.

rvp20182:
It doesn't exist - it would be a few clicks away in the internet. The internet has everything. Your smartphone penetration is 24%. Internet penetration 38%.

rvp20182:
You cannot lack behind. You are either behind or lacking. Anyway I think we are lacking ahead of you.

rvp20182:
Are ATMS everywhere in rural South Africa. Are ATMS everywhere like a PHONE. You're just incorrigible. They need it - that is why they tried - but it failed. It fails when you do stuff like QR code when smartphone penetration is 20%.

Look at Nigeria - they botched their implementation - by having banks lead it - and their Mobile Money is DEAD on arrival.

Mobile Money - if Kenya had not succeeded in such scale - would not be known.

South Africa failed - because they didn't think through the implementation.

rvp20182:
You're a true hobbit. Kenya is the WORLD UNDISPUTED MOST ACKNOWLEDGE WELL KNOWN mobile money leader. Everything the world knows about Mobile Money they learnt from kenya.

Kenya pioneered this in large scale in 2007! You started Momo - 5yrs ago? or maybe 3yrs ago.

rvp20182:
LINK. You know we don't believe anything a hobbit says.

rvp20182:
You're once again dreaming with MoMo. We invented Mobile Money and have the most advanced mobile money ecosystem. We are talking 13yrs now!!!!!!!!!!!!!

No country come even close.

Last year Safaricom for example launched a mobile money overdraft kind of facility - they loaned out 1.5B dollars in 10 months.

rvp20182:
Of course. And what is the point. Stop heckling and improve your wasted life. The point was South Africa need mobile money for many reasons.

rvp20182:
Stop dreaming. Kenya is the world leader of Mobile Money. That even a baby knows.

rvp20182:
According to Wikipedia - mere 20% - and you're excited about QR codes. Work first on getting everyone a smart phone. That will take a decade.
https://en.wikipedia.org/wiki/List_of_countries_by_smartphone_penetration

Austine1213:
Ke nyan guy says he sees 162

Austine1213:
Ke nyan guy says he sees 162

Austine1213:
Do you see $62m or $162m?

mtisTheQubit:
Thats the thing vaxx..the advanced nations have invested heavily in traditional banking but here in africa its easier to change..we can try whatever thats suits us ..Look at china..new payment system has replaced cards and cash at registers an billions are using it..The west is left with magnetic striped cards with chips

rvp20182:
That is what we have been doing in many of these pages - search first.

rvp20182:
You're a typical Zulu with poor education - an injustice by the Boer. The first creditor is the former employees. They will probably seize the planes and sell them. The former employees are mostly South African - but they need to get paid. I am not sure even if those planes were fully paid for - or financed by Banks. They maybe South African banks - but it's not the gov.

rvp20182:
Start with IMF bailout index. Ghana leads by far.

rvp20182:
Well, it depends - The presidential jet is national property - paid for - no debt - but the assets owed by parastatals that are choking in debt are NOT national properties - they are national liabilities.

SAA has filed for bankruptcy - because its liabilities exceed those assets.

So has now - it's no assets - it has a mountain of debt to climb. The assets it has will be put on fire-sale by its creditors.

mtisTheQubit:
@Austine1213:
Whats the fun in life if you live around 50 years dude..we live 67..so compare yourself with Ghanaians please

mtisTheQubit:
I think you should worry more about Malema more than what happens in Kenya...if we want to compare with Ghana w'll call Ghananians.problem with you forgot about Sh.it in your country an get itchy to engage others ...

mtisTheQubit:
why the lies house nigga...I never understood why your pick on east africans..the good news is that we rarely get black SAns like you on ths side of continent ..only white SAns we see..wonder why..

rvp20182:
Dear Austine,

Nice try but some of the data is a bit outdated. Kenya did census last year. Ghana is set to do a census this year - I guess COVID won't allow.

Kenya is making tremendous progress on all fronts. We even long overtook South Africa in "Ease of doing business" index - and Morocco I think - just need to try to reach Rwanda and Mauritius.

From demographics: In 2009 - we the usual SSA/developed world country - but in 2020 we are starting to transition.

In another 10yrs - we will see the huge payoff - as the economy grows tremendously - and all the indicators improve. All we need to do is find a way to make the extra working population engaged in the economy.