₦airaland Forum

Jamestown123:
I don't know but maybe u help me understand.

Click on the article and read ... There's a huge clarification in it for you


Debt to GDP ratio does not matter when repayment is below 45% of your revenue.
Investors know that you can repay your debt with ease at that rate.

Unlike when you hit 60% with no savings anywhere like in the case of Kenya.. Hence why Kenya has been referred to as a crisis nation

Jamestown123:
Ghana debt servicing stands at 83% of revenue.

in 2021, Ghana made a huge repayment hence why it went up to 82%. Unlike Kenya that decided to beg for relief, we paid without sweat while depending on our sovereign wealth.

You might be confusing two different things

gallivant:
I don't see 10% anywhere. Standard Chartered must be foolish to have their interest rates hovering below the market cap by almost 7%, don't you think?

Except they are not hence why they have their rates at 10%

gallivant:
So Ghana's inflation hits the ceiling and instead of repenting for your fiscal irresponsibility you deflect the whole issue? You learned well from Akuffo Ado.

Kid you don't know what you're talking about

Return to cheer leading

gallivant:
Source? No tantrums please.

Add my bank, Standard chartered bank who are doing 10%
And you have a good idea

rvp2018:
Quote that Bloomerg article mad cow.

you have the internet lunatic ...
I don't have to teach you everything about your country situation

Jamestown123:
Over 400,000 deaths recorded in a single year in kenya. It's a serious case. But talking about obtaining a driver's license and corruption, to be truthful it's happening in every african country. Let's just face it. We just need to do more and also speak out.

It even happens in the developed world, you can't stop that but you can minimize it.

My focus was on how bad the roads around GTC were and how chaotic their city centers were.

Jamestown123:
How can you say ghana doesn't have a debt crises? Are you for real now?

Yes I'm for real

Ghana debt servicing stands at 46% of revenue..

You hit crisis point when you start spending over 60% to revenue

rvp2018:
Pure madness - especially base rate is 17.5 percent now - that mean commercial interest is 30 plus now.

And dont be a fool like west africa - who get monthly interest rates -

Interest rate is annual - and therefore if you bank quoted 10 - just know you're paying 120 percent.


Ghana Bank Lending Rate - February 2022 Data - Trading ...https://tradingeconomics.com › Ghana
Bank Lending Rate in Ghana averaged 29.59 percent from 2005 until 2018, ... is the average rate of interest charged on short term loans by commercial banks ..

unfortunately for you, commercial rates here are hovering around 10 to 17% which are annual rates.

The fact that Kenyan banks give you guys monthly rates does not mean everyone does same.

How is the Kenyan IMF program going ?

Even with it, you guys are still having a huge debt crisis.
Kenya debt servicing is already taking 66% of revenue, according to Bloomberg.
Unfortunately for Kenya, it is not like Ghana that is benefiting from windfall from so many other places or that invested it loans into profitable ventures.

rvp2018:
Kenya roads are heaven compared to your potholed moon like surface roads.
Now tells me how you will maneuver the debt crisis - when already 2/3 of budget is going to paying debt.
Cedis is collapsing.
Interest rate is approaching 20 percent.
Sound like you can teach Zim and such countries how to do this.

Because potholes roads is a thing in your country, you think it's normal everywhere.

One, we don't have a debt crisis.
Two, we are enjoying a huge windfall period and all our debt investments have already began paying off.

We are not Kenya that took debt to waste on Frivolous things hence why your country is struggling badly from one debt relief to another.

Our interest rate hovers at 10 to 17% unlike in Kenya where it is 17 to 25%

rvp2018:
Ghana the mini zoo hikes base interest from 14.5 to 17% as the cedis continues to collapse.

Base/key interest= is what gov borrows. You can expect commercial interest to be greater than 30 percent - as it must factor inflation, risks and profit margin.

Seem they are heading for a crush!

Ghana pays 2/3 of budget revenues for interest expenses. Second largest among emerging and frontier markets after Sri Lanka! Very little room for maneuver..

See how dirty your roads are, and the chaos even in your city center


https://www.youtube.com/watch?v=papUXpLXf8I

There's plenty of room for maneuver in the Ghanaian space... So many, such that we have to debate which one to take.

Unlike your country that is locked up with only one way to go.

vankelvin:

God have mercy upon Mercy Oppong

popizaino:
You are making stuffs in your head again? c'mon come off it. I'm a winner.








https://www.youtube.com/watch?v=30CLXJf-Xj8

Good luck

Appisko:
An angryfrustrated economic refugee

popizaino:
Yes I live in Adoagyiri a village so you say, but remember the whole of Ghana is a village, at least shafts wale confirmed that , so you are equally staying in a village indirectly be it Accra, tema or Takroadi you stay in a village. Staying in a village isn't a bad thing,the bad thing is not having access to amenities that makes life a better one which I know you obviously lack in were you stay. .

The whimpers of a loser

popizaino:
You are just saying incoherent stuffs, Ghana high end areas and middle class areas are filled with Nigerians while relegatting the ordinary Ghanaians to areas like James town, Teshie Nungua, Aishaiman, chorkor, kole gonnor . ..keep making stuffs in your head about Dog chains isn't that how you is categorized me to be selling phone accessories at circle too ?

Good luck

No wonder you live in Adoagyiri .. a village and your brother live on the other far end of Pokuasi, in a kiosk.

Is any of those places considered high end?
Mind you, Nigerians have filled Chorkor,korle gonno, Teshie beach and Nungua beach areas.. They all live in the lowest life areas in these communities.
Making a mess of those communities while the estate parts of it is accommodating Ghanaians. I interact with them quite often, you'll find them drinking all kinds of nasty alcohol and smoking during the best part of the day. Always looking shabby

You won't lower that ego so life, time and the good will of Ghanaians will lift you up.

vankelvin:
For ones let's assume or pretend they are richer and better than us in all "ramification" as he wants us to believe.

Hope that massages the stupidity in him

it's insane sometimes how he thinks.

popizaino:
The thing is this, Nigerians are well to do people and in fact, an average Nigeria in Ghana lives a better life than their Ghanaian counterparts, so they don't need your kind gesture, extend it to your fellow Ghanaians, they need it more massa.

How will a Nigerian live a better life than the very people who have created better life for everyone everywhere such that Nigerians have even found this better life created by Ghanaians to be so attractive that they are leaving Nigeria in droves just to come and experience better living ?

Sometimes do you even listen to yourself before you post on here?

Just so you know, you don't hawk Dog chains to live a better life (except when you grow to become a supplier).

[s]

POKUASI2:
You claimed the vidoe is of Adabraka and can't identify any landmark in the video to back your claim. Rather, you went dropping names of places you probably Googled

[/s]

I asked you simple questions you couldn't even answer.
You yourself even confirmed it to be Adabraka by claiming it is only one percent of it despite the fact that it covers all of it.
you were even shocked it looked good.

Go and sleep, tomorrow is another hawking day for you.
You need that money, the borders will soon be open so you can afford to trek to Nigeria.

[s]

POKUASI2:
Such a mental case.. imagine it's very hard for an average Ghanaian to see or touch 1000 cedis after all, how much did your father made from running a lotto kiosk which is the biggest business a Ghanaian can start. You see how you're low key telling me the story of your life.. send me your number so I can send you momo to buy food with. Ghana has become a shiithole, banana republic owned my the IMF administered by pumped balloons cookies data always to look good before the true owners of the land and people on it —IMF

[/s]
Go and sleep, so you can wake up early tomorrow morning to continue your hawking.

Desperate kid

POKUASI2:
and you couldn't even identify any spot in the video that belong to Adabraka. Your capital city you claim you know very well and willing to lay your life to defend. Gyimi!

How won't o when I know the entire Adabraka and was even at their polyclinic to take an international vaccine?



Fool of the highest order ... For someone who doesn't know Adabraka hence why you thought it was a disorganized place, I would expect you to be humble by the exposure you just received and how shocked you are by how beautifully laid out it is.

But a fool will always be a fool

POKUASI2:
I'm even questioning your mental state cos you might be from one of those mental asylums. Who do I make 800,000 cedis for selling "DOG CHAIN".. you see how silly you've become. I sell dog chain and know every part of your industrial area including one at south industrial area where we had bounded warehouse. What a fool you're.

you've not even see a 1000 cedis before. Hence why you live in a kiosk.

[s]

POKUASI2:
You see how I've exposed you for the fraud you are.. I'm disgusted that wasted my time and energy engaging a nobody like yourself pitiable self here. What an ass-hole

[/s] you've exposed how you're uneducated and knows nothing

The place you claimed to know, you couldn't even identify it on video

POKUASI2:
Such a fool parading himself here as somebody when it's obvious he's a nobody

ah... Did I say I was somebody?

You don't have to be somebody before you can help someone with US contact details and change the persons life for good ( if the person is sensible).

It is just a simple information that can easily get you a visa or not.

[s]

POKUASI2:
STF urchin.. engineer my big foot.. engineer you issue visa at the same time have 247 for nairaland.. what an engineer. Isn't the company a profit driven, profit making entity that'll pay you at the end of the month by spending your life on nairaland. Am I fool to spend my entire life on nairaland when I have 800,000 to a million cedis every month to make for my company even tho you can do what you want but you wouldn't cos you're looking to better your records or at least maintain it

[/s]

Nonsense from an uneducated fool who vehemently refused education because it was western.

This is the reason why you are hawking dog chains around, live in a kiosk and finding life so hard.

POKUASI2:
so it's safe to say you're a refugee in another man's with no job or probably an armed robber in Nigeria working only at night.
You don't even know your capital city one bit and chose to be an internet warrior on nairaland. I noticed this the day we were talking about spintex. Refugee!!

I'm a highly qualified expatriate whose services are highly sort after .

The kind of qualification that a company is willing to fly you from any part of the world at their own cost.
You go to the embassy and they don't ask you a single question.

Next time, take your education seriously

POKUASI2:
and pls, is VRA an engineering company.. is Gridco and engineering company
Is Tema oil refinery an engineering company.
Is Ghana Gas an engineering company.. you see how you've exposed your fragile, baby brain to ridicule

Go to VRA and see the kinds of Engineering works done there.

I guess you've never heard of Electrical Engineering before or you think they just get up to string wires around ?


I guess you've not heard of Chemical engineering before ( That's what Tema oil refinery does) atleast a portion of it.

Uneducated kid

POKUASI2:
The Ghanaian in him is showing.. that part of ghana man that lack mental coordination is rearing its ugly head. Does VRA or gridco issue visa mr mindless ghana man.

see how you are running all around

Get your head straight and know what you are arguing about.

Are you arguing about which engineering firms are own by foreigners or you're arguing with me about me using my company details to help you get a US visa?

Before I can help you with that, you first have to show that you are educated

POKUASI2:
pls add time where places are shown in the video.. cathedral that's on the ridge road not far from city campus.. the places you mentioned are like 1 percent of Adabraka.. I guess you're just name dropping the places you heard or Googled

I don't have that time for you

If you know Adabraka well, you will know which part of the video is where .... Bush boy

POKUASI2:
there's no engineering company in ghana that isn't owned and ran by the whites with white supervisors with Ghanaian laborers so there's no way in this world or the next you'll be an engineer working with white supervisor as a laborer and have the time to be here always.

VRA and Gridco are own by whites?
Is Tema oil refinery or plc Tema dry dock own by whites?

Is Ghana gas, E&P own by whites?
Even caterpillar and Cummins are not own by whites here


Small mind with big mouth