₦airaland Forum

POKUASI2:
absolute trash. Your slum capital get submerged every single time it rain for at least, 30 minutes. There's no single year that Accra has not been flooded. Every single year.

POKUASI2:
you're a fat liar. The rain started around 7:30 pm and stopped around 9pm

POKUASI2:
which12 hrs fool?! It only rain for 2hrs and your slum capital was submerged. Serwaa Broni, the Canada Ghanaian gay prostitute that your pumped balloon president spent all the borrowed money is a prostitute. She stated herself that she's a lesbian.
What Normal country will have her citizens wake up, take excavators, driving into diplomatic premises and start bringing down diplomatic buildings.
AMA should focus more on building toilets in ghana's capital. We're tired of seeing waste in black rubber bags that are ran over by cars in public roads. Tell AMA to build toilets and give gaynians a dignified place of convenience

NTSA:
Where is the nuclear plant?...we also have plans and have already identified site for ours .

POKUASI2:

https://www.youtube.com/watch?v=pPVTNt74QCE
We won't forget

NTSA:
This is Nairobi for you.

POKUASI2:
Your president will borrow then use the money to sleep with a prostitute SERWAA BRONI
https://www.youtube.com/watch?v=XrdawqfxlzY


2hrs rain the you have fatalities of disproportionate magnitude
https://www.youtube.com/watch?v=OHZzda4IxGs




https://www.youtube.com/watch?v=30RcXScrPk0 very lawless country. These are outlaws in ghana terrorizing anybody and everybody




https://www.youtube.com/watch?v=i5R2cjEyS7g

NTSA:
Laughable...Kenya also has projects across the entire country has actulized project across the entire country .
Largest windfarm in Africa,Deepest sea port in Africa,Galana Kulalu Irrigation scheme, expansion of Mwea tebbere irrigation scheme,Thiba Dam,Karemenu Dam, One of the largest solar farms in the region.
Dongo kundu special Economic zone,Naivasha inland port, Nairobi inland port , revival of the old Mgr ,Nairobi commuter rail,Brt project over 700km border fence,Roads , Fiber optic coverage across the entire country,extra submarine cables,One of the Largest data center being constructed at Konza , Northern water collector tunnel just to name a few.

NTSA:
Most of what we have borrowed has gone to finance major infrastructural projects that will repay themselves in the long run over 300KM sgr , Lamu PORT,Expansion of Mombasa port , kipevu oil terminal,Damen shipyards ,Dams ,roads etc.
What Ghana does with its debt is still a wonder to me considering you have 16 economic bailouts and you are headed to another economic crisis.

NTSA:
Maybe you should start by explaining how comes Ghana has a record 16 IMF bailouts and is still struggling with debt.
After redominated your Cedi, why is it loosing its value so fast?

vankelvin:
But all sentiments aside our Clueless President has done pretty well in the roads sector

rvp2018:
Nobody is going to lend you anymore. Dont even think about it. Even debt vultures will not touch a skunk like Ghana.

rvp2018:
We are not Ghana morons - we have always manage our public finance prudently.

rvp2018:
Study this graph keenly - and start to dollarize.

rvp2018:
FACTS. Quote data from somewhere credible. Stop heckling. You country will go burst while we are here.

rvp2018:
We balance - we 50 percent domestic; 50 external; of the external; we avoid commercial loans like eurobond; we do 75 percent zero interest long maturity development loans from china/worldbank/and such...these are concessional loans...that you dont worry about.

Now move to Ghana almost 80 percent external debt; almost 80 percent of that external debt is commercial; CRAAZZZZZZZZZZZZZZZZZY

One good thing - you're in good company in Ghana - everyone there seem to been mad !!

rvp2018:
You respond with evidence - not diarhoea!

rvp2018:
What are you saying Niggah? Want to write in Twi? or this just beyond your paygrade??

rvp2018:
Dont gorge yourself on external debt. You need to develop domestic debt market. Nigeria has done it. Kenya has I think 2nd most advanced domestic debt market after South Africa.

Instead of flouting Eurobond - float domestic bonds.

You're exposed to exogenous or external risk like Ukraine with external debt - and it out of your control

rvp2018:
1) Ghana debt to gdp is now 83 percent.

Ghana's Debt 2022
According to its April 2022 Fiscal Monitor report, the country's total debt was estimated at 81.8 per cent of GDP in 2021, higher than the 80.1 per cent, approximately GH¢351.8 billion quoted by the Bank of Ghana.Apr 26, 202

2) Ghana servicing ration - debt to revenue - 72 percent

In 2020, debt service alone (paying interest plus amortisation) consumed 70% of revenue. That's close to the level of 72% before the country subscribed to the Heavily Indebted Poor Countries initiative.Feb 20, 2022

rvp2018:
How will you understand when you're mad?
Ghana and Zambia are cojoined twins for as long as I can remember.
You always make the wrong choices.
Kenya majority of debt is domestic debt. It impossible to default on domestic debt. Because gov can just mint money and pay off.
Now we are very very careful with external debt.

Move to Ghana - you have almost very little domestic debt - and lots of external debt.
External debt is paid in dollars.
Your cedis depreciate by 20 percent - you need 20 percent more dollars to pay off.

This is why you're likely to default - EXTERNAL DEBT

rvp2018:
If you think Kenya will default anytime soon - then you got jokes. If kenya did not default in 90s - it cannot now.

We have very low external debt. Most of debt is borrowed from kenyans. Gov can just print KShs and pay it off.

We only spend 10 percent of our revenues to pay off external debt.

rvp2018:
Bla de bla of a bleating goat.
The data is here...

rvp2018:
Ghana eurobond is now junk - yield of 15%.
People are dumping it - because they dont see Ghana being able to pay up.

The countries likely to go burst in next few months are these.

rvp2018:
Facts are stubborn. Ghana is most likely Srilanka. Next Ethiopia (civil war)
https://www.bloomberg.com/news/articles/2022-05-17/sri-lanka-default-hints-at-trouble-ahead-for-developing-nations

At least 14 developing economies tracked in a Bloomberg gauge have debt yields at an excess of 1,000 basis points over US Treasuries, a threshold for bonds to be considered distressed.

The added pressures of rising food and energy prices has already started to bubble up in other countries, including Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the pandemic. Pakistan, Ethiopia and Ghana are also in danger of following suit , Bloomberg Economics said last month.

gallivant:
Nonsensical tantrums!

Post Accra city and your culture tourism. Ghana must be a nation of orators; must be annoying as **** listening to everyone's tantrums.

rvp2018:
Ghana borrowed Eurobond that is not ringfenced to any project. It worst FORM of BORROWING. You just borrow and dump the money into the budget - if it stolen or misused then you get debt trap without anything to show for it.

Chinese loans are ring fenced to a project. For example - Kenya borrowed 5Billion dollars for SGR - we didnt get the money - we got the railway. We have borrowed another 3B dollars from China - we didnt get the money - we got roads, dams, and such.These are tangible projects that even if they are not profitable (they are not suppose to be) - we will have them for years - and the will produce multiplier effect/

But Eurobond is risky - it send Zambia to crisis - and Ghana is next.

Countries should borrow Eurobond as last resort...it better to borrow from China or Africa Dev Bank or World Bank or even French Dev or Japanase Dev Banks...who will RING FENCE the money into tangible projects.

African gov with their corruption should NOT be given money - just like that. We need China kind of loans where you barely get to hold the money - they give the loan - and pay the chinese contractor - you get what you want - a road or railway or dam or power project.

After few years - if anyone ask where 10B dollars Ghana gov has borrowed went into - there is nothing - just blank stares. If it was China loan - the chinese would take you and show you this is the money.

gallivant:
No need for explanations. Save it for the IMF loans committee.

https://pbs.twimg.com/media/FR44TTPWYAMNXW6.png

Wizzzzmike:
Kenya is the real zoo lol. Water to exchange sex. This bull sh!t will never happen in Ghana.