₦airaland Forum

vaxx:
i have hold you on the dick. No bank is opposite the sport complex. The sport complex is opposite to the opongolo road and there is a taxi rank behind it. Very close to the gym center that,houses sport adminisration.

you want to talk about night market. a majour bank close to night market is eco bank and also very close to the school mosque. zenith bank owns its atm machine beside the balm library. think before you lie. you dont excape this one

He had no idea , come and remove your mouth .

All the atm are at the atm farm
He didn't know that

forgiveness:
I talking about at the border. Since, you said we should bring dollars. Abi you know dey think.

Besides, no Nigeria will be foolish to damage his economy by bringing dollars from Nigeria to Ghana.

That is madness.

so don't expect a stable exchange rate for the naira when even the person exchanging it sees that he is doing you a favour because it is practically stupid.
Co's even in Nigeria, there is no exchange rate
So the person can decide to buy your naira at 200 naira to a cedi

forgiveness:
I think I am a student of the best University in West Africa here in Nigeria.

Of course, legon is beautiful.

Legon is not just beautiful
It's a research institution and Nigerian companies keep sending Nigerians for graduate studies

forgiveness:
But the rate is very different from the ones in the town. Use ya brain.

yes , when you exchange Naira
The rates are different because there's no official exchange rate
Even in Nigeria, there's no official exchange rate for the naira.

vaxx:
and that is why cedi rate is expensive in makola market.at most of the time they do decline to change nnaira to cedi expect cedi to naira. They will tell you naira is deadly.it goes off and on like NEPA

forgiveness:
Besides, the wise Ghanaian doesn't know that you will not pay the transportation fee in dollar from Seme to Ilakoji, Ilakoji to Aflao or Seme to Aflao direct.

The wise Ghanaian doesn't know that cefa or naira are acceptable from Nigerian border to Aflao.

The wise Ghanaian doesn't know dollar will not be accepted as a means of payment from Aflao to Accra, Tema or Kumasi.

Even with dollars at Aflao, I go still need to change it at the border to Cedis from 419 exchangers.

yes you will have to exchange the dollar to make payment and you will get someone to exchange it at the border for you but not naira

vaxx:
i know he is lying. Just want to hear how he will compose another lie

he did know that the University of Ghana does not accept Nigerians with certificate from Nigeria into the University because of credibility issues with the right certificate and they don't have a conversion rate for their grades.
A Nigerian get admission only when he manage to get a Ghanaian wassce certificate.

vaxx:
even in ghana she is cool with 2000 cedis earning per month.

she can afford to rent a 2 bed room apartment with toilet and bath ,kitchen and a big livinroom

forgiveness:
Chai! I thought you said the exchange rate 'IN GHANA' is the same. ..

We thought you said GHANA IS a more organized country hence the need to bring the naira expecting to meet organized and honest people but behold na 419 organization dey 4 INSIDE GHANA.

Is Aflao part of Somalia?

at Aflao they mostly exchange cfa ,dollar and euro.
Not naira

How dumb of you to come to Ghana with Naira in hand .
Around this time ,no one will exchange it for you
The naira will never get a stable exchange rate in Ghana because the is non.
The official exchange currencies in Ghana with official rates are the cfa, dollar , euro ,pounds, rand, Canadian dollar and the JPN

vaxx:
which bank do you use in legon and give me a direction to the bank in campus

do you want him to get lost ?

forgiveness:
See excuses.

it is not an excuse
It is exactly what banks in Ghana do when you use your Nigerian ATM card

Don't be dumb

forgiveness:
So, you mean there is no black market in Ghana?

yes I mean that
The Central bank has severely clamp down on it

forgiveness:
Is Aflao part of Somalia?

who even exchange Naira at the border?
The problem with you Nigerians is that you always act dumb. How do you travel from Nigeria with Naira in hand when you should know that the international denominator is dollar?
The guys who always exchange Naira at makorla are Nigerians and they see that they are doing you a favour

forgiveness:
Of course, I withdrew money at the atm in University of Ghana a day the Nigerian government blocked it. That should send a signal that I know your exchange varies from places to places.

Dollar to Cedis na still the same thing. I remembered I had an encounter with a money changer some years back. After changing the money, he traced me to the bus going to Tema because he said the exchange rate changed as soon as I left him.

Wetin consin me, I ignored him and he was rebuked by my co Ghanaian brothers.

The koko is, dollar's rate dey change for places.

What Do You Think The Exchange Rate Of Naira To Dollar Was When You Redraw Your Money Around That time?
Because this is what the banks do , the converted your naira to dollar at an exchange rate on the parallel market in Nigeria which was around 500 plus at that time and there was huge speculation because your naira was still depreciating . After was they converted it to Cedis using the cedi dollar exchange rate

I don't know what you were expecting to get
All I know is you wanted more

forgiveness:
Do you mean black market?

there's nothing like black market in Ghana except when it comes to the naira because that is the only place it can be exchanged

forgiveness:
You will be deceiving yourself if you think Ghana is better than Nigeria.

of course I've experienced that and I think Ghana is better than Nigeria

The average Nigerian can not afford to stay in Ghana but an average Ghanaian can afford any lifestyle in Nigeria.

I keep saying the Average Nigerian when I know that almost 40% of Nigerians live below the poverty line of 3.30-4 dollars

forgiveness:
Do you mean black market?

I mean from a forex bureau

Isahalbash:
Baba werey I knw they can afford it. Just wanna knw d equivalent in Naira

free to check http://demo.eddyspizza.com/our-menu/

forgiveness:
Na lie. It is more than at the parallel market even inside Ghana.

I exchanged 245 dollars three days ago at the forex and it was the same as the bank rate

Why don't you stop telling lies and face the fact that
It's a mess in Nigeria

forgiveness:
You can't deceive me because I have been to Ghana more than 50 times and I have exchanged naira to Cedis at the two sides Aflao border(different rates), at Community 1 Tema, Mokola, ATM etc.

I know they all have different exchange rates. So, stop telling me Nigeria exchange rate is blah blah blah because I sabi wella.

sorry guy
No bank or forex exchange Naira for anyone.

Your government blocked the use of Nigerian ATM cards outside of Nigeria since last year.
I know this because I have this Nigerian friend who hasn't been able to use his till now . He returned to Nigeria ,last week.

You will never get a stable rate for the naira when your currency is not even stable .

Advice for you, exchange your naira to dollar in Nigeria before coming to Ghana because everyone who desire to exchange the naira for you will add something to it for insurance

forgiveness:
So, what is gold and the other mineral resources contributing to Ghana's economy?

gold ,oil,and all other natural resources combine contribute less than 20% to the economy of Ghana

Isahalbash:
D tin use style make sense, but how much is d pizza( in N or $) and ordinary coke?

it's affordable enough for my average 18 year old sis to afford it from her pocket

forgiveness:
Naira has appreciated tey tey to. 304 naira official price, 314 bank price and 375 naira at the parallel market. And it keeps appreciating.

Where did you get 520 naira?

Multiply 375 by 465.93 =174,723.75 naira

Yes, in Nigeria you are ok but in Ghana where inflation is the order of the day. Mbanu!

in Ghana,
If you earn 2000 cedis you can live an above average life. Even though you won't qualify for a mortgage.
Yet she can afford every single thing she want
Without falling into poverty for the rest of her live cos she's got sense

forgiveness:
Same goes for Ghana currency. Exchange rate at the border is different from the exchange rate in Tema, if you go to Accra the exchange rate is also different.
This in regards to black-market.

The exchange rate of Ghana currency is different in Ghana banks.

ATM exchange rate also is different.

Which of these exchange rate did you use to arrive at 60 dollars as minimum wage in Ghana?

For now the I will use the Nigeria's official rate of 304 to arrive at 59 dollars as minimum wage.

No ojoro.


On this, Nigeria is far better.

the exchange rate difference at the bank and the forex is just 5pessewas

Not as extreme as in Nigeria

At the border, people only take advantage of you

vaxx:
actually you did not get the fact. before the old currency was redonominated to smaller volume. it was not intended to fight inflation . the exercise was meant to reduce the volume of large paper money. In 2007 when the new cedi drop. A 100 dollar is equal to 92 ghc which is the same as 920.000 old cedis

cedis is stable for the past 24months therfore it is strong at least compare to naira or shillings even cfa curreny. there is infation in the country as a result of goverment expenditure but infation has help to increase more productivity. Companies are increasing their production and business are enlarging their cost to cover the gap.making ghana suitable for business.

the current govt administration is very clever toward the stability of cedi. you can check cedi performance record from january

he does no the the value is still the same.
The main reason was to reduce the paper currency in circulation and accounting purposes

forgiveness:
800 Cedis is never more than 80,000 Naira. 1,200 is 120,000 naira.

200,000÷3= 66,666 .

Meaning her salary is worth 66,666 naira due to inflation and the fact that Ghana is times 3 more expensive than Nigeria.

How much is a dollar on the black market?
Yesterday, a Nigerian quoted 520 naira to me
Multiply 520 by 465.93.
You will get the real effect of her salary

iblawi:
GDP of Ghana

And

GDP of Nigeria respectively

Ghana 2014 GDP

freshest4live:
Then why is vaax using PPP? You see how you guys contradict yourselves.
OK using Nominal figures Ghanian GDP per capita is 1381 dollars.

Vaax is quoting you a figure based on 2016 estimate

freshest4live:
Then why is vaax using PPP? You see how you guys contradict yourselves.
OK using Nominal figures Ghanian GDP per capita is 1381 dollars.

using Nominal, Ghana gdp per capital is estimated at 3500 and something

freshest4live:
What is the GDP per capita for Ghana nominal not PPP. My gosh, l can't believe l'm this patient Lol.

nominal GDP per capital of Ghana is 3500 plus

forgiveness:
Oga! How did you do your calculation?

My friend, that is just 80,000 naira.

Don't come here to deceive people.

800 Cedis is more than 80,000 naira and 1,200 is even more than 80,000 naira

vaxx:
that is rougly 200.000naira. per month. almost 500 dollar

yep now she wants to be independent but no one is going to allow that until she completes her first degree.
24,000 cedis yearly salary.