₦airaland Forum

mtisTheQubit:
Am waiting for the mosque..

and the rock

Shma:
I think we can put it as the rate at which a country is developing not how developed a country is basing on cement consumption. and as a matter of facts that is not the only indicator for measuring development, their are a number of things; retail sector, HDI, skyscrapers, wealth,infrastructure(roads,buildings,social amenities...) ... e.t.c but someone can't just wake up and say Kenya is underdeveloped basing on cement consumption.. Ghana of all the countries !!! This is a joke indeed

all infrastructures depend on cement

mtisTheQubit:
Bro explain to me something..why is your minimum wage so low $1.95 a day...Kenya is almost $6...Should that not reflect on the progress of a country..
Second your country is dang Expensive to live...Where do folks get the money to survive if they are paid peanuts man...

The minimum wage is something the Ghanaians need to push politicians on for them to place it where it belongs

In Practise, the minimum wage is around 700 cedis.
That is the lowest values that most employers pay people with no skills at all.

But since most Ghanaians are paid more than twice that value, we really don't have a problem.

Masons, painters, gardeners,cleaners and etc
people who are paid base on minimum wages receive more than the minimum wage.
all those people receive 70 cedis or more as their daily wage.

Jonraid:
They won't easily accept this, I remember the last time we faced them on this.

English is not a measure of intelligence

mtisTheQubit:
no..no vaxx2..i see you curse man an its vulgar...even Nigerians dont curse like that..its something which i found UnGhananian in you

dont take it personal

it's a boyz boyz thing

mtisTheQubit:
no..no vaxx2..i see you curse man an its vulgar...even Nigerians dont curse like that..its something which i found UnGhananian in you

dont take it personal

it's a boyz boyz thing

rvp2018:
All British colonies are like that..most Kenyans go through very rough boarding school.. although now they are tame ..our time bullying was nearly legal.

In Ghana
you have never really gone to high school until you have lived in the boarding house.

This is one of the reasons why politics in Ghana is like friendly fire because almost everyone engage in it have one way or the other either been in the same secondary school or been on different rival halls in the university.

when i have time to waste, i'll engage you

Kennyswagz2:
hope you don't live in that slum called accra

Kennyswagz2:
you have a smaller population than Nigeria with much resources.. you are still a big shithole

okay

i dont have time for your ignorance

bye

Go nd and argue with your fellow class 2 kids

vaxx2:
Nah , upset about what ? I am only having my fun here. I went thru all boys school . insult isn't a biggy that dosnt mean we are exchanging blows ....

im not sure the Kenyans would know that

Kennyswagz2:
which rating?
Accra that is a shithole.. hope you saw the link i posted

i dont visit useless links

hope you know the standard of living and the HDI

now theres no need for argument

Kennyswagz2:
do you know where i live

I can only guess the mess you come from which i want to believe you'll love to live in.

rvp2018:
I don't dispute that Ghana is doing well...you're certainly more urbanized but I think the numbers are a little massaged

if the numbers are massaged, it will expose us in other areas

vaxx2:
The goverment is even doing poorly . cus many informal sector are not piloted . for example the local herbs industry which is gradually becoming a mutil million industry .

the national identification will help solve the problem

rvp2018:
You seriously think Dangote would just throw money to Ghana without the basic of industry stats? You think they don't have such figure on fingertip so they know their market penetration.Jesus.

Dangote was eager to enter the Ghanaian market and profit from the 1 million deficit in Ghana such that he didnt do proper research to know that the cement market in Ghana was all about brands that have become household names.

By the time he entered, 5million new production was already on it way.

In 2016, Ghana consumption was already 6.4 million metric tonnes

rvp2018:
So the economy had collapsed, eurobond interest was hammering Ghana, credit rating agencies downgrading her debts , cedis getting a battering and IMF on Ghana neck ...and all over sudden let's rebase again..just 5yrs after 60% GDP jump..we get another 25%.Look suspicious to me.

the telecommunication sector that employs 1 million people is huge enough to cause a 25% jump

nothing suspicious here
we may have another 50% jump should the economy be rebased today capturing the other sectors of the economy and adding mobile money to the telecommunication sector.

Kennyswagz2:
which ego? I am just telling you guys thay you are overrating that shithole city...

the facts state otherwise
the rating are well deserved

Jonraid:
20 percent was our projection that we missed,that's why I quoted the sum. I don't think many economies in Africa achieve that figure of 25 and above!

only the developed ones do

Kennyswagz2:
This is your Accra here.. you can see that it is nothing but a shithole
https://www.nairaland.com/4074730/beauty-accra-city-ghana

yeah a better place than the mess you live in

rvp2018:
It started from 10m..then 5m then 8m..the Dangote said 6m.I am going with Dangote because he is an industry player and won't put any thrash in his audited results.6M is good because Kenya does around that with 20m more people.

you dont have to be desperate

rvp2018:
It started from 10m..then 5m then 8m..the Dangote said 6m.I am going with Dangote because he is an industry player and won't put any thrash in his audited results.6M is good because Kenya does around that with 20m more people.

you are making too much noise

the cement consumption of Ghana has exposed your underdevelopment

rvp2018:
Nitpicking, cherry picking.We are painting in broad brushes.This is not floating point precision ..this is Nairaland.11 divided by 5 is 2.2B aka 2B round off.Dont be that desperate

you are really desperate

The budget was presented in 2018

rvp2018:
So you financial year is calendar year...Kenya suplimentary budget come around the 3rd Q.Nothing drastic...just minor revision.

Ghana supplementary comes in the middle of the year

All budgets are red in the fourth quarter of every year.

the 2020 budget will be read on the 20th of november

rvp2018:
You finance ministry need a wriggle room from Credit rating, IMF and Eurobond hence the rebasing

not really

who will want to hide a 25% economic recovery?

Jonraid:
Sadly,it's never enough.Money has never been enough! We spend the same on per capita terms with Czech republic,Hungary and Bulgaria but we lag behind them. rvp2018 in some scenarios,Africa shouldn't be our benchmark,we should learn how Hungary,Bulgaria and Czech Republic are doing it.

For instance, the report says, many countries such as Hungary, the Czech Republic and Bulgaria with similar levels of per student spending as Kenya have achieved higher completion rates in secondary schools compared to Kenya.

“A cross-country comparison between spending per secondary student (in per capita GDP percentage terms) and secondary completion rates shows that given what Kenya spends, there is room to obtain higher outcomes in terms


If we choose not to be wasteful,we can even be better. https://www.businessdailyafrica.com/news/Kenyans-are-not-getting-value-for-tax/539546-5242050-ckjws8z/index.html

it is always good to learn from those doing it better.

vaxx2:
It is even more appealing when you check poverty rate in kenya?

they've tried

they have managed to reduce the incidence to 37%

Jonraid:
It was 18.5 percent in 2018 as per this report.We ought to be somewhere 20 percent,this is not good!

https://www.oecd.org/countries/kenya/revenue-statistics-africa-kenya.pdf

tax to gdp ratio does not increase like that

Anything below 25% is an underperformance for any middle-income economy

rvp2018:
Big lie.Your rebased GDP is 70B.You ordinary tax 8B.Total revenues 11B.

https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS

Tax revenues in Ghana is 13.3 billion dollars

rvp2018:
So you already have a revised budget this early.

the revise budget always comes in July when there is a need to.

Every July, the finance ministry goes to parliament to report on the health of the economy

rvp2018:
Who died? The photographer? Reality might be the town itself died

Ghanaians do not post pics of Accra using the search algorithms Google uses anymore

rvp2018:
Only in Ghana do folks add budget plus suplimentary.In norrmal country suplimentary budget is a revised budget.11B cedis is about 2B dollars.Ghana is small potato

Ghana read two budgets almost every year because whiles government may not want to overspend, the demands can be overwhelming such that in most cases it has to revise

rvp2018:
How do you know it's time to rebase? where is data coming from? countries in developed world conduct census or huge national household or economic surveys every 5yr..Ghana cannot afford it..so what the basis for rebasing aggressively? I think 10yrs would work for the level of your underdevelopment

The stats came from the ministry of finance, tourism and the trade ministry
Those economic stats give them a better view to note that it was a disservice keeping the previous values.

you dont need an entire survey to carry out a rebasing when sectorial surveys are available for the purpose you intend to carry out.
Institutions like CDD and Imani carry out surveys evey two years.