₦airaland Forum

rvp20182:
English comprehension is the least of your problems. It's the dearth of such critical data that is more concerning. Now we have to go by some student research. These are industry stats that are easily available in a functional country.

rvp20182:
B and B+ - a gulf of difference. Kenya use to be B++ - they remove on + and it send alarms.

edon21:
now u see what we Nigerians have been teaching

rvp20182:
That is nonsense. The plus matters. A++ and A+ are not the same. You're paying more interest on debts because of that plus. For example Ghana Eurobond is around 8% while kenya is around 6%.

rvp20182:
It helpful but not super-helpful. Maybe English Comprehension is also a problem in Ghana?

rvp20182:
It helpful but not super-helpful. Maybe English Comprehension is also a problem in Ghana?

rvp20182:
Kenya is B+ while Ghana is B
https://tradingeconomics.com/kenya/rating
Standard & Poor's credit rating for Kenya stands at B+ with stable outlook. Moody's credit rating for Kenya was last set at B2 with stable outlook. Fitch's credit rating for Kenya was last reported at B+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kenya thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kenya as reported by major credit rating age

rvp20182:
1/3 of Ghana deposits are held in foreign currency bank accounts. Nearly all foreign investors convert their CEDIS to dollars ASAP to protect their value as CEDIS deteriorate every month.

rvp20182:
Loading... so article quote another Ofiri-Atuahene, 2008. Not super helpful.

It is reported that Ghana’s consumption of Portland cement has risen over the past decade from
2.5 million tons in 2005 to 4.5 million tons in 2009 (Ofiri-Atuahene, 2008).

Problemkid1:
Bro see lemme tell you something. Abuja is fvcking developed. Even the kenyans knows that. Let's just keep sentiment aside? No city in West Africa can come close to Abuja in development, not even Lagos! You can ask the Kenyans or Tanzanians they're your friends

rvp20182:
Kenya doesn't have poor ratings. Find us Kenya and Ghana credit rating from Moodys, Fitch, etc. And let us compare.

rvp20182:
Bring the data. You surely should have such data if you have a serious stats body or country. I can get you kenya cement data series from 1963.

kikuyu1:
You've nailed it! Imagine I've been searching for cement data and can't find it. Also that Economist write up exposed Ghana shockingly! Who'd have thought! Tbh,though their dysfunctions are very peculiar-people rejecting their own currency (WTF!?)

Problemkid1:
they don't know Abuja very well. Abuja that am in presently. I stay at Asokoro. No city can match Abuja development in Africa

rvp20182:
I have give you a synopsis of our rate-capping experiment in another reply - as for cement - it's easy - we are talking cement because it's a pretty good indicator of development. So it's a pertinent issue.

My theory is our cement production & consumption tapered off due to interest rate-capping outprizing the real estate & construction from the credit market.


If you get me Ghana's cement consumption and production from say 2008 to 2018 - and we juxtapose them against kenya cement data for the same time period - we can see if my theory is right or wrong.

I am not betting on it. This is probably beyond your paygrade.

pacretus:
where did you visit?

pacretus:
that is how a country develops, not a one city development like you have in Kenya.

But I think you need to visit Abuja again, you missed Abuja

vaxx2:
The finance minister just indicate that on the 17 billion dollar.... that will improve the market capitalization of the stick exchange but on VRA.... that will be interesting. Ghana stick exchange will becoming powerful.....

ECG can only be listed if it is privatised I guess . so let's wait and see how goverment is going about privatizing it...

rvp20182:
I am patient - and I have lots of time - because I am on my vacation.

Cement Industry Ghana.

Ghacem is the country’s largest cement producer -With a 54% market share.
Diamond follows with 33%,
Savannah with 13%.
Dangote 5%?

So basically if we focus on Ghacem - we will know just how big your industry really is.

Ghacem last year sold 56m bags (56*50=2.8M metric tonnes)...and this year they are targetting 60m bags.

arguing will not move your cement consumption from 5 or 6 million to 8 or 8.6 million of Ghana
https://www.globalcement.com/news/item/8675-ghacem-aiming-for-3mt-production-target-in-2019

So we can conclude that Dangote was right - Ghana last year cement consumption ( again I am being generous - not sliced those exported) - was 6M was be tops.

The accurate figure.

54%=2.8m metrics tonnes....100% =5.2m metric tonnes in 2018

rvp20182:
Tenaciously clutching at the cement straws. This was 2015
https://i2.wp.com/www.africanbusinesscentral.com/wp-content/uploads/2015/08/Africas-top-cement-producers.png?fit=1024%2C1006&ssl=1

rvp20182:
I accept facts. We don't have a choice, do we?. Facts are stubborn things. Once we have at least some credibel cements stats for say 2018 we can continue the debate. We don't need luck - the real estate and construction industry need credit - and they will recover.

vaxx2:
You were too ignorant to know such video is just a limited demonstration of what Abuja is all about . using 3 minute video to judge what Abuja is all about is the madness here....

vaxx2:
You can't use your 2/4 road side economics dealing with me. I will tear you apart. you should know by now.


I forwarded two credible information right down to your skulls and you stubbornly grasping at dangote report as if he is the authority figure in Ghana... the authority have spoken and this is the report again ..... Ghana isn't comparable not to ethiopia talkless of kenya ... check the link again and help your life ...

.. http://citibusinessnews.com/

. so your last adminsrative does not know it is their proper economy management that will improve the interest rate not artificial policy ?Goverment supposed to be proactive not emotional. emotional does not work in governance, what work is diligent discipline of economy, your useless and lazy policy cap cut private-sector loan growth because your banking have avoided lending to customers deemed as risky, including the small and medium-sized businesses as well as individuals who borrow for consumption can't even access credit. interest rate is governed by what the cash you have in reserves , goverment fund and as well transparency in loan and mortgaged of the banks. this is largely influence by sound economy management. no parliamentarian policy can work here ...

[oh God , just shot up. Ghana MPR is at 16 percent , our inflation is seriously under control,The central bank’s focus on building external buffers going into billions of dollars ....this will directly stabilized the interest rate as the move to stabilized is going forward economically and not thru parliament control.



Don't bring your pure madness here. Average bank lending rate in Ghana has fallen significantly from 31.7 per cent in 2016 to 24 per cent in 2019.

improvement in macroeconomic environments alone don't not bring interest rates down; there are many other structural factors in financial system that are causing high interest rates.that is what your goverment failed to consider. it isn't about sustaining macroeconomic stability, it is about removing those structural bottlenecks which is not the economics doing but a result of traditional fundamentals of trading in hard currency....



stop lying , Ghana lending rate is at 24 percent. and Ghana recently recapitalization of the banking system is expected to bring reform to the industry while contunious robust in treasure bill and goverment reserve will bring the interest rate down drastically...

rvp20182:
Ghanaians - These are some example of Nairobi Lounges

1) Humidor

rvp20182:
Can you be at least a little coherent?

I reckon the cement data for Ghana won't be forthcoming - I will do my research and help you soon.

Now banking?

I think govs that succeed are those that embrace policy experimentation. Interest capping was policy experimentation that lasted 3yrs - it was passed by parliament because folks were tired of banks gorging their eyes.

We have had a problem with the banking sector making super-normal profit for like 30yrs. Market forces is great but when you have collusion leading to an oligopolistic banking system then there is a problem.

Anyway, Kenya must continue with banking sector reforms and regulations. I am not sure how advanced or primitive banking in Ghana is - but the interest you're paying is worse than Nigeria.

How Ghanaians are able to thrive with interest rates that is probably the world highest I honestly don't know. Ghana benchmark rate is 16-18%!!!!!!!!!!! - and that means your customer interest rate will be anything 30%

You're worse than Nigeria and are doing nothing about it.

Let me tell you in Kenya we have done many steps - including a functional credit referencing - functional ID system - we have passed collatoral laws - - attempted to have advisory industry base lending rate - we have tried to make access and cost of credit cheap - both for banks and the customers.

Anyway, Kenyans banks are promising to lend at a max of 16% (central bank has also warned them about crossing that redline) - which is your base lending rate . If they go as high as Ghana and start lending us at 30% - we will have to bring back interest capping or something that drastic.

rvp20182:
I want to see more credible data - a bit precise numbers - Kenya cement production & consumption I have figures for that in my finger tips - right from 2002 when we were doing 2M metrics tonnes - we were 6.7M production in 2016 - and were growing at about 0.7M annually - then we had interest rate capping - and the banking sector refused to lend to real estate - because 13% interest rate --- and construction industry has sturred since - cement production & consumption went down - and two cement companies are actually belly up.

If it wasn't for interest capping - Kenya cement production and consumption - would be about 10-12M metric tonnes - nearly twice Ghana (6M).

Now that interest rate capping has been done away with - Kenyan banks are back to hawking loans on the streets.
https://www.businessdailyafrica.com/markets/marketnews/banks-begin-marketing-loans-to-customers/3815534-5347070-1q3edaz/index.html

So expect our cement production and consumption to ratchet up and surpass Ghana - as real estate and construction industry that had been outprized from credit market recovers.

rvp20182:
You're incoherent. Ghana has got nothing when it come to Casinos or Clubs. Unless you never travelled Africa - leave alone the rest of the world. Concentrate on HDI.

rvp20182:
Btw I am still looking for cement data for Ghana that is credible. I see you import lots of cement clinker - perhaps you can begin there if you want to reduce your imports - because clinker can be manufactured internally.

rvp2018:
That is funny right there.She was just being polite otherwise if she ever went to say Las Vegas or Florida..she has obviously seen way better stuff.I actually checked that casino and it looks ugly.Ghanians need to change their architects and especially painters...don't think I have seen more ugly buildings than some in Accra.Look at Kigali...small City..great stuff coming up.

Problemkid1:
Because Accra was not listed? Anyway, the kenyans will not agree with you on that.

Problemkid1:
What? Dar is number 4 most developed city in Africa oooh. Accra was not even among the top 10 sef