₦airaland Forum

Obaaderemi2:
Ghana is still a lower middle income country, not a low income country like the little Indian said and not a middle income country like you said.

Well I didn't say we are a middle income country. I said we have met most of the criteria to be considered a full middle income country except for 2 or 3 criterias.

I also said I won't be surprised if we are fully classified as a middle income country in 3 to 5 years.

Shma2023:
I'm patient with you that's why I can tolerate your verbosity. People over here can barely stand the stupidity you peddle around simply cos you're a Madman. I'm engaging you not because I'm a madman _ but because I want to poke holes into your puny brain and lay bare what is inside to the public. Furthermore, I want to understand your type of ret@rdedness.


So you said 50% of Ghanaians live above the $6.78 means, right?
Why is Ghana still classified as a low-income country. Your GNI per capita is light year ahead from hitting $4,086 the hell are you on about?

~ World bank
Countries with less than $1,035 GNI per capita are classified as low-income countries, those with between $1,036 and $4,085 as lower middle income countries, those with between $4,086 and $12,615 as upper middle income countries, and those with incomes of more than $12,615 as high-income countries.

I will take this as my last reply to you.

Let me scape your useless lunatic rants and address your concerns


I'm not the one saying it, Ghana census and living standard survey has been stating it for the last 10 years. The IMF, World Bank and AfDB have all been saying it as early as even this 2023.

Ghana has met most of the criteria to be considered a full middle income country except for having to collect 30-40% of GDP as revenue and it GNI per Capita hitting the 4,000 mark.

I won't be surprised if in 3 to 5 years from now, Ghana is reclassified by the World Bank

Shma2023:
Why are Ghanaian getting obsessed with Kenya?
Kenya this Kenya that... Dude.!! Take a break! You can't just make this thing to be all about Kenya. There are 3 countries here. I have never heard you calling out sh*t from any other country or debating other countries affairs.

so obsessed with Ghana you are

Luzebox:
900 cedis..I meant..it was a typo ...that is poverty in Ghana...wen a loaf of bread is 10 to 13 cedis...that is just on daily survival...removing rent.. emergencies..savings etc..3$ per day in Ghana is still a joke...u basically need at least 10$ in Ghana to be considered not poor..except u live in the village side

You just repeated what I said.. 900 and below is Ghana's poverty mark.

You can get a big loaf of tea bread for 5 and 6 cedis.
People who spend that live in single rooms where they pay between 150-200 cedis on rent in compound houses and spend between 50 cedis and 100 cedis on electricity because they are lifeline consumers.

You basically need to be spending above the 3 dollars to be okay in Ghana and 80% of Ghanaians are above that 3 dollars spending rate.

This is why only 20% of Ghanaians are poor . Equivalent to 5-6 million people

theenchanter:
If I'm to be very frank with u, the IMF man teared into Ghana statistics on that very day.

He teared into ur inflation rates as false, he teared into ur monetary policy and questioned the rate at which ur inflation rises and fall sharply.

Let's leave it there. I just want u to know that u don't know half of what these guys know.

I don't think you're talking about the same IMF man as I know which will mean you're not being frank.

If there's one thing Ghana inflation rate does is to climb sharply which is purely market based but for it to fall sharply, it doesn't do that.

If there's one thing the IMF and WB have consistently been confident of from Ghana, it is it comprehensive statistics they receive. Infact they work more with the Ghanaian civil society which is quite robost to go over these stats and contract them for a separate report to justapose when need be.

There by, they have never disputed stats from Ghana. Apart from some years back when the Ghanaian govt removed loans contracted on the books of strong public companies, out of national debt because those companies were capable of paying the debt on their own.

Contact IMANI Ghana and see. I know these because I've been part of their consultations before.

theenchanter:
do u know that the lazy arm that doesn't do their work often, as said by u, is the source of statistics pertaining ur central bank to ur national statistics body?

dey play.😁

My national statistical service carry out all data collection for national purposes.. they submit some data to the central bank when they request for it for a purpose. The central bank statistical department only gathers banking related stats electronically for the bank's monitoring and evaluation depart and enforcement depart. This is why I call them lazy

Sometimes their data is not even processed unless they are ready to release their monetary policy reports which comes with a complete financial transaction report. They do this every end of year.

What ever data that's needed for the Ghana living standard survey is collected in the field by the statistical service.

theenchanter:
As a person that was at CBN's monetary policy department retreat at lakowe golf course last weekend, with attendance of Bank of Ghana head of research and kenya's.... Including Ari Aisen of IMF in Naija.

I can authoritatively tell u what u said is false.😌 Don't let me even start with Ghana.🙅🏾

As someone in Ghana who have knowledge of most of the things that happens in official circles in Ghana, I can tell you that this is actually correct....
The Bank of Ghana statistical department is a lazy arm, they basically don't do their work often. It's good they are not part of the Ghana statistical service. Hope you get the difference now

As we speak, there's a new living Standard survey going on in Ghana. It started in January 2022 and the will finish in December of 2024.

The Ghanaian statistical service is one of the efficient office in Ghanaian government circles and their surveys are one of the things they don't play with and they carry them out frequently at little cost. GLSS is quite consistent

Obaaderemi2:
Let it rest, boys. Data collection in sub Sahara Africa ain't what it's supposed to be.

Ghana collects these data every 2 years. So I can say for a fact that Ghana is not part of the sub Saharan African mess of no data.

The Ghanaian living standard report is something that Ghana has done well with. 🤣😂

Shma2023:
Dwarf, I just asked for a WB link. I don't need bladagesh. We only have one WB data_ Dont thrust data from your utopia wonderland. World Bank data is what I gave you. The data you're making reference to, which says upper middle-income population in Ghana is 21%_ equating to 6.7M the link gives Kenya 7.5M. If you only have 21% living above $6.78, do you think if we extend the means by <$4 the figure will still be the same? Considering the huge variance btwn Each income category! You mad or something, dwarf?
AFDB is 10yrs old. The same AFDB says Niger's upper middle income category rate is 17% _ Do you think Niger population in upper middle income group beats Ghana ? forget about Kenya. I know a midget's inferiority complex won't allow her to accept anything _ this sh*t will destroy your sanity!
Can you explain how Nigerias Upper middle income is lower to that of Ghana?

lunatic dwarf

Even in the face of world Bank data and AfDB data you're still peddling nonsense and asking stupid question as if you don't know how to calculate.

Is 50% of Ghana's population 6.7 million? Basically, Kenya entire middle class is the size of Ghana's upper middle class. Go and argue with the World Bank and AfDB or the Kenyan president for making Kenyans that poor.

You're always desperate for Kenya to be in Ghana's ... Which ever data you believe, Ghana is still better than Kenya on all front. So I wonder what you're arguing

And impeccably beautiful society



https://www.youtube.com/watch?v=T1G3P16x4rY

Shma2023:
Too many words with zero content _ gibberish. Why can't you substitute all this drivel with a WB link that gives stats on the Countries' Income categories?

I gave you a link _ that backs up my point. You're busy spreading HOT AIR and WASTING WORDS like a ret@rd.

Do you think I'm here for a word-wasting contest? Or you just want to appear to be retaliating my post _ you don't even care what you write herein neither do you care what was written to you_ dwarf can't read. He just type for it's sake.

Go and argue with the World Bank and AfDB

Even in the face of data, you're still posting nonsense as if we've all not known this since last year when the South Africans and I broke your country down.

See how you're throwing insults with wanton abandoned like a KG child because of facts.

Shma2023:
Contrasting doesn't work that way, MADMAN!
The thing you're projecting here is stupidity and high-level low IQ standard.


Refer to this submission and take your L



There is a reference below.
https://data.worldbank.org/country/XT

As usual Lunatic Rants

Poorly educated

Refer to the world bank data here for 2023, Kenya has improved a bit
https://worldpopulationreview.com/country-rankings/poverty-rate-by-country

At $10 only 4.4% of Kenyans are above it

At $5.5 lower middle income band, only 16.19% of Kenyans are above it (equivalent to the entire middle class size in Kenya)
Everyone below the $5.5 mark is poor or floating which is a whooping 83.6% of your population.

Compare that with Ghana's screenshot below for both lower band and upper band. It explains why Kenya is really poor and no serious manufacturing goes there.

The world Bank and AfDB can't all be wrong

Look at Ethiopia, in absolute numbers they are better than Kenya. Kenya is only slightly better than Ethiopia by a less than 1% in percentage point

Shma2023:
Don't be desperate already _ I see you're seeking support and relevance from the mighty booty suck*r. Luxebox is Nigerian. kenyans usually don't give a f*ck about Ghana. A dumb Kenyan on the grand scheme of things doesn't know Ghana.

Rant of another poorly educated person

Shma2023:
Bruh. Why are you slow? Or the simple interpretation is ringing Quotuntum physics?

Lemme repost the data.

Listen. WB is using $6.78 for upper-middle income. Upper middle income is the bone of contention.
People living below the $6.78 means in Ghana are 79% of the entire population. Meaning, through simple calculation, those who spent more than $6.78 in Ghana are a paltry 6.7M.

21/100× 32000000 = 6.7M

People living below the $6.78 means in Kenya are 86% of the entire population. Meaning, through simple calculation, those who spent more than $6.78 in Kenya are 7.5M.

14/100× 53000000 = 7.5M except that this data is 8yrs old.

What didn't you understand?

Let me refresh your memory on this conversation from last year November..

Shma2022:
Cut the crap! Try and read why you have typed before sending. Some of the drivel you post is beyond the holding power of a normal human.

Nairobi is a Dream to many Ghanaians -- yes, even your dwarf president who allows in billions of cedis. How about a normal low-class individual like you? A very tiny percentage of Nairobi is slums. Accra is a slum itself...

Yet Kenyans are the one flooding Ghana for greener pastures because they see Accra as their New York and Ghana as their England for education.

86.6% of Kenyans are if we use the new world bank data on what it takes to be considered a middle class person which is based on a spending of 5.65 dollars a day.

To be above middle class, you have to have a spending of 10 dollars and at this rate, 95% of Kenyans are poor.

You can check same for Ghana and you'll see why your economy hasn't transformed lives..

At those same rates Ghana has 50% of her population in middle class and at upper class, Ghana has 22% of her population.

It is bad for Kenya to only have 13% of her population in the middle class..

Consult the data here
https://worldpopulationreview.com/country-rankings/poverty-rate-by-country

Shma2023:
Income stats for Kenya is outdated 2015. Stop rumbling.
This is the verdict of the World Bank in a forecast _ after 2015. The only available WB documentation on our Income state!


“kenya's Robust GDP per capita growth since 2005, along with growth in private consumption, saw the share of the population living below the international poverty line fall from 43.9 to 33.4 percent (2015-2019).”
_ Take notes of the DATES!

The Bank in the report capturing Kenya’s economic health reckons that the gap between the rich and poor is unchanged from 2015, but it narrowed between 2005 and 2015.

Again, you didn't get the logic. I gavr you logic with figures, you're literally repeating same baseless gibberish! LIS, you haven't countered the key points in the argument I made!

KEBS has the recent data too.

Data from the Kenya National Bureau of Statistics, shows that 36.1 per cent of Kenyan households are classified as poor with the remaining 63.9 per cent or 30.39 million being non-poor. This means that a third of the non-poor represents 10.02 million, with majority of them being the “floating middle class.”

AFDB data is 10yrs old. Only a mad man will make reference to it.
The African Development Bank (AfDB), in a 2013 report, identified a “floating middle-class” - for whom a simple shock such as job loss or huge medical bill is enough to impoverish them— and put them at close to a third of the country’s middle class population.

I gave you a win in PC; The actual figures. you're NOWHERE in numbers. Also You can't compete with Nigeria in numbers; maybe percentage wise! You can't match Kenya in numbers either. Get the point. Stop the childish show.

Here another Logic. If you can't grasp this then you're outightly an obtuse.

The single heaviest item in the middle class’ shopping basket, according to the national statistician, is hotel boarding followed by airtime, two-bedroom rental house, beer, rent for one bed-room and personal cars.

They also tend to spend a lot on restaurants, bus fare and insurance for their vehicles.
_ Do you think Ghana has more cars than Nigeria or Kenya? Do you think Ghana has more luxurious hotels than Kenya or Nigeria? How many people in Ghana have access to fiber connection or any type of internet?

Don't use @Jl115 as the SI unit for intelligence. He can't be the marking scheme of what we sat here. His remark is debatable.

Hell! Did you just say only 4% of Kenyans live above $10 means? When Niger and Togo are both doing 17%? That makes me question your sanity. You're an ignorant Buffoon.

So why are you complaining of the data being outdated? If the highlighted Is the case?

@jl115 posted what he got from the World Bank

Obaaderemi2:
How's 30 cedis per day equal to 300 cedis per month?

Kenyans are known not to be good at maths so leave him 😂🤣

Shma2023:
World Bank has standard calculation procedures for both countries. That's why we refer to her in this specific topic.

Everything I've posted is from the WB herself.

Go and check the World Bank website and see if Kenya rate on the 5.5 dollars mark and see if it's not 86% which means only 13.5% of Kenyans can consume at 5.5 dollars and above.

For a middle income country, the poverty band are calculated like this
$3.65 - poverty
$5.5 - lower middle income
$10 - upper middle income

For upper middle income countries
$6.85- poverty
$10- lower middle income

I wonder why you're still arguing

Shma2023:
Upper middle income rate in Ghana is 79%.
Upper middle income in Kenya is 86%.

Simple maths for both respectively will be 6.7M and 7.5M.

Yes upper middle income band of Ghana is 79% meaning 21% of Ghanaians fall in the upper middle class consuming >$10. That's 6.7 million people

The upper middle income band for Kenya is 4% which is 1.8 million people or 2.2 million if you use the actual population size of 56 million @>$10.

On the lower middle income band of $5.5, 86.6% of Kenyans fall below it meaning only 13.5 of Kenyans fall above the 5.5 dollars rate.

This give Kenya a small middle class size of 7.4 million and an even tiny upper middle class.


I hate people who are dishonest and knows nothing.

Haile Selassie Road


https://www.youtube.com/watch?v=CDHCiMA-l0I

Shma2023:
Man. I like your boldness. Intelligence doesn't care who you are. Intelligence's core value is facts. Facts will set you free. I know THE KING OF WUSSES, AKA OBABOON WILL SOON CALL YOU OUT! Call sh*t when you see it. Leave the massaging of @sses to weaklings and kids.

To the point, logically speaking, that thing doesn't make even a bit!

Let's try logic:

How many millionaires are in Ghana or Cameroon as compared to Nigeria or Kenya? Those are the minority rich to the end of that spectrum.

How many people are In Nigeria? Or Kenya and how is the economic development between the two? Let's try PER CAPITA or PPP. Ghana or Cameron might be ahead in percentage but by Numbers? HELL NO.

I just checked WB data - although there max income generated in there system is $6.78 per day _ and their data is outdated as well. Like for Kenya; they documented the data 8yrs ago! What's the point here?
91% of Nigerians live below $6.78 means per day. That means; 9% left are 20 million there about. _ meaning, those who live above the means of $6.78 per day _ THE UPPER MIDDLE CLASS. Are 20Million _ 5times + of what he posted/ although with a $3 difference which still partly covered with the stats for dollar millionaires.
In Kenya; 86% can't afford that! That means 14% of the entire population lives above $6.78 means_ which is around 7.5 million.
Ghana on the other hand; only 7.4million live above that means, which is cool considering their paltry economy.

We can factor in many nitty gritties, like real estate ; lifestyle; City states and whatnot. Cameroon and Ghana can't match Nigeria or Kenya in that regard.

Coming to those in this category <$10. The pointers above should ring volume.

Unless he's just inflating the ego with that tiny substrata of the entire maltifaced index; which is understood.

long essay only to say nothing
The world bank data in use is 2020 and 2021.. Now stop crying that it's outdated when all indicators shows that things have gotten worse in Kenya.

Let me even bring this back

jl115:
Shot
@$5.50 a day

SA: 56.9%
Ghana: 55.1%
Kenya: 86.6%

At >$10 only 4% of Kenyans can afford that, this explains why the Kenya market is flooded with cheap plastic stuff from China. It also explains why real estate in Kenya is mostly unoccupied while in Ghana they are fully occupied and why the Ghanaian real estate market offers fantastic options and opportunity especially in the multi family units than Kenya.
Two institutions AfDB and WB can't all be wrong

The size of the Kenyan middle class is 7.5 million using your current population figure of 56 million and that of Ghana is 14.4 million.
As you can see, in absolute figures Ghana beat you as well.

For a middle income country, $5.5 is the lower middle income band and $10 is the upper middle income band. $2.3 - $5 is the floating band.

Kenya has a larger floating band than Ghana

Luzebox:
3 dollars = 30 cedis per day= 300 cedis per month...u will suffer...I repeat.. suffer incredibly in Ghana 😂🤣

Your math is failing you again

😂🤣

POKUASI2:
This fool is so detached from what is going in his IMF dependent/banana republic.
There was celebration just yesterday about how the country can go back to capital market.

Celebration by who?
The Finance minister who is getting fired or the president whose presidency is hanging by a thread because of a series of by-elections going on?

.... Foolish boy

QueenNyakim:
Did it really take the Asantehene meeting King Charles III on coronation day to actually do something about galamsey in Kumasi? Better late than never I suppose but I hope at least something fruitful comes from it. Even though Asantehene is only king of the Ashanti, Kumasi, he is the most influential king as well as politically in Ghana so hopefully the others will follow suit and obviously the politcians in on it need to be swfitly dealt with and thrown in prison like the treasonous snakes they are so Nana Akufo-Addo needs to get off his ass and actually DO something.

Their queen has already been caught and currently being dealt with in court like you said.

Most of the galamsey is only happening in the Ashanti region where he has full control over.

The special prosecutor and CHRAJ will deal with the politicians as the matter has been referred to them but real solution will only come when this govt is taken out of office.
They are busy preventing prosecution

QueenNyakim:
Has there been any update about Galamsey? Are we still losing on that front because last I heard, that Galamsey chink Queen, Aisha Huang, was only convicted on immigrantion charges recently...Nevermind forgery of documentation and her actual crimes of destroying our environment. Deporting her from the country again is too lenient of a punishment because she will just sneak back in and repeat the same crimes.

Just like that Ivory Queen chink in Tanzania but she was actually jailed for 15 years.

https://ghfrontpage.com/galamsey-queen-aisha-huang-convicted/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

https://ghanaguardian.com/ivory-queen-jailed-in-tanzania

He case is still going on in court...
Latest on galamsey is the Asantehene promising to remove all the chiefs whose town are being used to do galamsey.
He has waited on political authority to act to no avail because they are the ones engaging in it

GeneralDae:
I was even thinking his answer to my question would be Morocco.

basically there are several

Mauritius
Cape Verde
Morocco
Algeria
Egypt
Namibia and etc

GeneralDae:
So which is that one successful nation out of the 54?

😂🤣

He's lost

POKUASI2:
I guess your banku eating 0.2 IQ didn't see where he mentioned how your entire existence is in peoples' hands.
See the level of jubilation in your country cos IMF deal..
Means your banana republic would have become an archeological site without IMF.

So again you were caught in a lie and instead of apologizing, you threw a tantrum and diverted to another topic. You don't even have the knowledge to comment of basic stuff as bread and butter. Find your level, kid

No one is jubilating, infact the govt is being chastised.


Next joke

Luzebox:
..what you posted was over 5 million ghanaians can spend 10$ =100 cedis a day...which is not wild cos anything under that in ghana is poverty or close to poverty..with the expensive cost of living...thats why the average ghanaian earning btw 1000 cedis to 4000 cedis can barely save ...the ability to spend 10$ doesnt really mean much in some countries..u might still fall under the struggling line

Ghana poverty rate is set at 2.3 dollars spending per day and anything less than that is poverty. If you spend above that in Ghana per head you're doing fine.

The average Ghanaian savings as a share of GDP compared to other countries in first pic is above sub Saharan standard. So your statement on Ghanaians not being able to save does not even hold water.

In second pic you have Ghanaian savings and time deposit as a percentage of broad money supply which is also high.


So as you can see, you can still spend that high in Ghana and be able to save enough money.

theenchanter:
Meanwhile, in Uganda.😂😂😂

did you hear of the one in Kenya

Luzebox:
When a company is trying to invest...they dont just look at how much people earn...they look at how much remains after people pay for basic amenities,tax etc..what is the point of earning 1000000$ if transport takes half that..and feeding and rent the remaining..u have nothing left to buy other things

all this argument you're making is neither here nor there since this use disposable income which consumers have at their disposal and liberty.

Investors look at savings level which come from disposable income and spending level.

Luzebox:
still not getting the point...you cant spend on luxury if u need 10$ to survive daily....cameroon is also quite expensive compared to kenya...same way you basically need 10$ to just survive in ghana daily...and people earning 10$ in nigeria can survive ,save and spend on other things...

You've still not understood what is being talked about, see how you're all around the place.

The world bank uses various spending levels from 1.9 dollars to 10 dollars to measure income levels in societies all around the world.

Go and learn the purpose of those measurements and come back, you'll gather an understanding of what is happening here

Beautiful Accra

Amazing communities everywhere


https://www.youtube.com/watch?v=wZg3ALLaHrY