₦airaland Forum

rvp20182:
Lets hear from your daddy for a change.

The IMF in the statement said it was still monitoring Ghana's situation and is ready to provide policy advice and further support as needed.

The IMF in a statement said Kenya is broke and shouldn't be borrowing anymore money

And in a statement to Ghana said, Ghana is solvent

rvp20182:
Yes, WB of Ghana.

Your government went to borrow in your name and use the money to buy food for you

That is the most useless way to spend borrowed money

It doesnt surprise that you cant pay

so just SGR and Lamu made you owe 60 billion dollars officially ?

mtisTheQubit:
i can post the infrastructure here..have ever seen our SGR ,Lamu port etc etc can we compare now

rvp20182:
Your gov is officially broke. There is not much a broke gov can do. I think you can attempt to list what IMF as your rulers have done for your country.

my government officially have enough money to buy your country

The Kenyan government is officially broke and cant pay it creditors.

Tullow is one of them

rvp20182:
Again kiddo. Yes I gave you the external debt register of 31B...that is very self-explanatory. What you don't have there is money owed to Kenyans who have bought Treasury Bonds and Bills.

IMF - 400M (now 250M) - and WB - 6B.

WB says you owe them 20 billion dollars

mtisTheQubit:
nice twist bro..so we call you the colony coz of 16 bailouts an turn around an call us the colony..twisted bro.. we aint a colony like you..

he who hows your debt owns you

I can list what my Government spent it 38 billion dollars debt on and they are all economic activities that can pay for themselves except hospitals

You Kenyans don't even know where that official 60 billion dollars went

mtisTheQubit:
its mtis..the TheQubit..do you know what are qubits..i aint a dang Japanese man..

rvp20182:
Why not find a hobby - you can challenge your infantile energy on - and leave us to have adult debate here.

Here is part of kenya debt register - as of Nov 2019.

IMF - 400M
WB - 6B

You are really stupid

Your official total debt is 6.6 trillion kshs

Who do you think you are fooling

official amount owed to WB is 20 billion dollars whiles IMF holds 5 billion

rvp20182:
Remind er.You have BOP problems. Balance of Payments. You're broke.

sorry

we don't have BOP problems because our finances are strong

you are the one selling Charity debt hoping IMF and WB will buy it.



go on the Bond Market and be competitive

mtisTheQubit:
aint we being a little racist today...

that is how your name looklike

the funny thing is, they used it for nothing

They are owing more than 60 billion

obaaderemi:
They are now owing about $60bn. Almost 70% of their GDP.
Kenyatta deserves to be hung by his testes.

rvp20182:
Nowadays after we Kenyans raptured your little IMF colony - you're crying about Nigeria more than bereaved. We know why. You know Nigeria now have ammunition to finish you.

So now that you are Ghana-Nigerian - tell me how is the Naira fairing on.

ain't working



IMF and WB colony like Kenya

China if your Grandfather

rvp20182:
We already established that Kenya owes IMF 250M - while Ghana owes 1.7B.
We can go to World Bank - and check if you want.

i already show you you owe 30 billion dollars to both IMF and WB

paying 3 billion dollars to them every year

rvp20182:
We already established that Kenya owes IMF 250M - while Ghana owes 1.7B.
We can go to World Bank - and check if you want.

i already show you you owe 30 billion dollars to both IMF and WB

paying 3 billion dollars to them every year

rvp20182:
Talk is cheap. But we know who is under IMF bailout. Nothing say bankrupt than to rush to IMF and borrow rapid facility - and extended facility.

Btw how is your Eurobond interest?

Everyone realise that yesterday when i exposed how much dependent your country is on Charity IMF and WB money

Africa latest debtor to them

Collecting Bailout after bailout every year

We don't need to export Manufactured goods to be OKAY

We just have to make sure we decrease our import of things we don't need import and produce them locally.
Thereby saving us huge dollar bills.



Today, Ghana's largest export is it well-educated work force
Who bring in more dollars than ever.



Now our manufacturing companies are increasing their exports thereby increasing their returns in global trade from 20 billion dollars to 25 billion dollars

rvp20182:
You're not China exporting manufactured goods - you're mini-Nigeria selling gold, oil, and aluminium - and maybe cocoa. You cannot increase the export of GOLD by lowering the CEDIS

Don't try to run before you can crawl.

Start by managing your ever failing CEDIS - a sister to Zambian Kwacha.

And IMF monkey might get off your back.

rvp20182:
Standby facility is nice to have - for situations like COVID-19 - but we are not desperate like Ghana and we never cashed the previous one. It's just good for market sentiments - so forex dealers are aware our central banks - have 1.5B dollars they can play the market and protect Kshs.

In the meantime - how is Naira doing with Oil massacre. Last I checked the black-market rate was inching toward 500

You are so desperate seeking debt relief and IMF and WB money because you're so broke

The naira is doing fine because Nigeria has also switched to local manufacturers of good

rvp20182:
And yet were are not under IMF bailout like GHANA.

Yet you are the most indebted to IMF and WB in Africa

that is really messed up

rvp20182:
You see Nigerian are congenital daft - so you bought Equity -and sold it to buy TELKOM KENYA . I mean that is crazy. Telkom Kenya is BANKRUPT like Ghana.

See a bankrupt country like Kenya calling Ghana that has enough money in all it Sovereng wealth funds to Buy a portion of Kenya Sovereignty
Bankrupt

Your government can't even affords to pay Tullow just 2 billion dollars.

rvp20182:
How can it be valuable when you decided to peg it to the dollar. CEDIS before that was like Kwacha or Zim. Use to exchange I think 50,000 cedis for a dollar.

You demonetized...and started afresh 10yrs ago...1 cedi 1 dollar

And now it's depreciated 600%.....annually it does like 50% depreciation.

IMF are going to be your buddies for the next 100yrs.

The fact that we can depreciate our Cedi is a plus for us

As our economy becomes more self-reliant
Our Import bill keep reducing as we are producing more to serve our economy.

A depreciated Cedi makes Ghanaian goods more competitive on our market and foreign good more expensive
Thereby creating opportunities for our to invest and make money.

rvp20182:
4yrs and we are doing well - all macro-economics. That shows you we don't need it. In fact it's IMF who came up with that idea.

4 yrs and you are worse as your macro econs has gotten bad
breaking all IMF thresholds by 200%

obaaderemi:
You people better cash in before Kenya closes her juicy thighs.

We are

our Pharmaceutical companies are buying up

rvp20182:
And yet they haven't surfaced since 1990s. Have trade surplus is nothing when CEDIS is annually depreciating like Zim dollar or Zambian Kwacha. There lies your problem.

Having a trade surplus is everything

The Cedi need to fall in it exchange value because it is too valuable


Your trade deficit is why every year you have to borrow from IMF and WB

rvp20182:
You afternoons double-track lesson.
https://www.bloomberg.com/news/articles/2018-09-13/kenya-to-keep-debt-below-imf-threshold-treasury-s-thugge-says

that was just a wish


Kenya have exceeded all the threshold of IMF

rvp20182:
And yet we never cashed a coin of 1.6B dollar IMF gave us. The reason - unlike Ghana - we don't and didn't have BOP problems -aka - BANKRUPTCY,

and yet you still owe them 30 billion


your BOP problem surface every year because of your huge trade deficit

rvp20182:
No we didn't. We got a standby facility that we NEVER took a cent. The facility lapsed when we didn't cash it. Are you that daft? I mean if you have overdraft credit line of 1.6B - and you don't actually apply for overdraft - how does that become borrowing.

We owe IMF - mearge 250M dollars - that we can repay any day - if they were to bring their Ghanasque colonial tendencies here.

you don't even have a million dollars to provide clean water for Nairobians

where would you get 250 mil from

By the time they realise, Nigeria will be the one selling their Bonds

obaaderemi:
Access Bank, the biggest Nigerian bank enters little India.
Time to shake up little India's financial scene.

We are starting small in East Africa in order to fly under the radar of the dumb Kenyan bankers. By the time they realize what we are doing, it would be too late for them.

I wonder what the Ghanaians are waiting for. Kenya is easy picking.

rvp20182:
No we didn't. We got a standby facility that we NEVER took a cent. The facility lapsed when we didn't cash it. Are you that daft? I mean if you have overdraft credit line of 1.6B - and you don't actually apply for overdraft - how does that become borrowing.

We owe IMF - mearge 250M dollars - that we can repay any day - if they were to bring their Ghanasque colonial tendencies here.

your government was desperate for foreign capital injection and took monies from where ever it could get it to plug that huge trade deficit

obaaderemi:
In 2016 they had to borrow $1.6 billion from the same IMF he said only losers run to. That guy is an illiterate.

He is just a typical dumb dumb

so it is NGO duty to provide the entire Kenya with water ?





No wonder your politicians sold your sovereignty for 3 billion dollars

rvp20182:
That is the definition of NGO - NON GOVERMENTAL

rvp20182:
Open google and type this " NGOs in GHANA". You'll get 19M results - one per every citizen.

We are not just talking about NGOs here

we are talking about your government failure to provide you with services