₦airaland Forum

rvp20182:
The Zoos can not hold a candle to kenya. This latest from IMF - showing who is more debt distress.

Debt/GDP, budget deficits and FX volatility make the headlines but this is an underrated point about country govt budgets 👇

% budget revenues just to pay interest expenses.

Sri Lanka: defaulted
Ghana: defaulted
Pakistan: near default
Egypt: can't rule out
Nigeria: struggling

have you seen anyone default at 46% debt repayment? 🤣😂🤣

You're actually a clown

Being downgraded to default status in credit ratings is not the same as actually not paying your debt like in the case of Kenya.

Learn this and know sense.

Ghana didn't default on anyone of it debt obligation last year and hasn't done so this year. This is why you are struggling to mention any particular debt that Ghana defaulted on like I did for your broke country Kenya....


I don't have to repeating confessions from Ghana Eurobond holders everyday 😂

gallivant:
Ghana defaulted already, and we exposed your paper economy that's why you spend all day here barking.

https://www.reuters.com/graphics/GHANA-DEBT/zjpqjklwovx/chart.png

https://newsin.asia/wp-content/uploads/2022/12/Capture-42.jpg

Yet you can't point to a loan that Ghana defaulted on....

Being downgraded through credit ratings is different from actually not paying your debt when due like in the case of Kenya

rvp20182:
Of course a mad man like you can read and hear phantom stories.
As far everyone knows - Ghana defaulted
They are expected to resume debt services in 2027 - after IMF arrives and straighten things.

This one last news on Ghana default....world bank who guaranteed 500M dollars for Eurobond are in trouble.

World Bank will want some IMF action too if they will pay Eurobond principal.

https://www.ft.com/content/7e008f0d-1ae9-4b8a-8caf-4e014fdf2f41

Another bunch of nonsense


This Eurobond was due in April and payment was made by the govt. Holders of that were worried as to whether the Ghanaian govt was going to add it to a restructure or not and how the World Bank was going to go about it. Fortunately Ghana does not even have to add it to a restructure since the World Bank guarantee gives Ghana 4 years payment cover.
😂🤣

https://www.esamcgill.com/opeds/di345ouhm6dym5y60plksr4ib93bhh

rvp20182:
You defaulted ON ALL LOANS except for 1) Tbills and 2) IMF & WB loans slowpoke. Why do you want us to name each of loans when you gov defaulted on almost all domestic and external debt?

Yet our Eurobond and multilateral lenders are telling the world that they are being paid.

When will you stop lying 🤣😂

rvp20182:
Ghanians have no shame. They long defaulted. Should not be in this thread if they had any compunction.

You've been singing this song yet can't mention a single debt defaulted on 😂😂🤣

Broke Kenya is defaulting on another debt as we speak

You're a hero in nonsense

gallivant:
Arent you ashamed? The cedi is junk status..

https://pbs.twimg.com/media/Ft4ihSXacAA6PZr.jpg

The Cedi is far valuable than your kshs that you're still managing despite prudent advise 😂😂

Obaaderemi2:
It's finished. Kenya is broke completely. Every cent they make now must be kept for payment of debts. I just hope other African leaders do not begin to copy this Ruto boy by owing federal government civil servants salaries.

They're even ashamed

gallivant:
What is this dwarf man on about? 4 months, are you already getting desperate? Tomorrow the dwarf will say 5 months. Go cultivate cocoa pods like the rest of enslaved hobbits.

Lunatic

rvp20182:
Ghana should not be in this conversion. A mad man and a broke man cannot hold even the village elder position.

Tantrums of a lunatic from a bankrupt country begging for another IMF bailout even when the previous 2 hasn't ended, despite years of additional debt freeze.

Go and pay the 4 months salaries owed 😂

Ruto is even dumber than Kenyatta

rvp20182:
Majority of civil servants were paid on time - teachers, police and soldiers - a few agencies that depend on treasury had their money delayed. Kenya will take ages before it become Ghana - small zoo or your dysfunctional zoo.

Ruto has refused to borrow money at interest rates beyond 14% - otherwise he can become a Zoo and borrow like Nigeria at 20%.

First of all, I agree Kenya will take years to be as good as Ghana.

April is the 4th month of no salary and at the moment Kenya is begging for debt forgiveness because it cannot pay and that's worse... A classic Zoo

The Kenyans have started trafficking coke to Ghana now?
I thought it was just the oldest trade they were interested in, only oo

🤣😂🤣

AfriqueDuZuid:
One you say

🤣😂🤣

AfriqueDuZuid:
Oh you think its huge because that's over 70% of your generating power

On grand scale of thing, looking at what other countries total generated power is, its a disgrace to even be celebrating 600mw

That's one thermal plant

AfriqueDuZuid:
Lol you mean this kenya?

Geothermal is like gas either you have it or you don't, nature blessed you

that's really small... I now understand why Ethiopia is sending Kenya a lot of Electricity

AfriqueDuZuid:
Lol Tokyo was ranked worst, in your mind also you overtook it?

🤣😂

They have a cognitive disability

gallivant:
Envy drives you, here is some extra gas to get you there.

https://pbs.twimg.com/media/FsCmiyuWIAE1Sdf.jpg

march - April

I can never be envious of an undeveloped places 🤣😂

rvp2018:
Bla bka of bleating Ghana goat..Nairobi that already overtook cape Town..voted no 11 by expat as best city in world..africa best by far..cape town no 49

🤣😂😂

Nairobi is a dark roadless place

I can only laugh and leave you in your sloganeering cause it builds your ego up, which prevents you from falling into depression

Let me leave you with this

rvp2018:
Build sewage systems outside Accra central cbd...one day you might see formal real estate..you're below Tanzania n Nigeria..leave alone kenya.For now go pay for 2yr rent..in the backside of someone main house...probably sit on top of cesspool n soakpit that why Ghana smell feaces

All of Ghana has better sewage system than KENYA

Kenya needs a more modern sewage system to reduce the stench in Nairobi and the constant overflowing of sewage on streets....
it's an eyesore to have sewage flowing on the streets of Kenya daily. People hold their noses when they enter Nairobi


Sorry we don't do pit lattrines here ... I heard it is very popular in Karen which is your number one residential areas 😂🤣😂

That shit is so 1600 ... Get modern


Focus on reducing commodity prices in Kenya to make life bearable for Kenyans

AfriqueDuZuid:
10 cars can be imported and 3 cars be sold

Again send proof that you sold 150k used cars

5k is new cars sold in 2022

you're causing trouble 😂

rvp2018:
build sewage system first you have no formal real estate

Accra does not end up with sewage overflowing it streets, Nairobi does.

Kenya needs a better sewage system like Accra.

Scream all you want, Kenya real estate market needs to get to Ghana's level where it is highly sort after to drives occupancy ratio higher and rates higher 😂🤣

No more diversion... Bring down commodity prices in Kenya

Catch up

rvp2018:
inflation track price changes..Ghana is regularly voted most expensive something your are weirdly proud of

yes it tracks price change ...

Yes Ghana is voted most expensive real estate market. A simple 4 bedroom can cost you 5,000 dollars a month which is above most parts of new York.

Kenya has the most expensive commodity prices compare to most of Africa

rvp2018:
Take your medicine...inflation is soon coming to 7 percent

You've returned from the psych ward...

Yet things will still be expensive in Kenya than anywhere in West Africa... What a way to squeeze your people

No developed country will crave for having prices like you see in Kenya

rvp2018:
Kenya is 9 percent..West Africa monkeys

Hello baboon

That 9% was pretty significant to make prices in Kenya higher than every single west African country

Oh shit*

Debt repayment hits 80% of revenue.

Not even renegotiations?

How do they seek to go about it? How will they get that from China holding 10% of their debt?

Is it under the G20 framework?

GeneralDae:
With Sudan sliding into civil strife, almost the entire Horn of Africa is in crises - Somalia, Ethiopia, Sudan, South Sudan. By the time you add Libya which borders them, that alone is 20% of Africa's total landmass!

The AU is too relaxed!

Copied.

The US is responsible... They are causing another mess in an attempt to prevent Russia

Shma2023:
I will put it as simple as I could. What you're saying is based on emotions and not facts. I gave you facts. We sell more than 40k first cars(fresh new). We sell more than 150k units of already used cars. Tz and Ghana that you're purporting to support imports less than 10k second hand cars both countries combined.

Kenya will never be Ghana's mate, learn that and know sense and peace.

Ghana registered almost 200,000 cars .. this is almost double that of Kenya

Fourpockets:
Kenyans are masters of PR 😃 they will attack Nigeria for small when their country is going through worse

🤣😂

Shma2023:
Tanzania just like Ghana can barely hit 10,000 new sales. You need to get your facts right.


On the new sales stats; Kenya was doing more than 100k 2 years ago.

New sales in Kenya will be hovering around 150k is I'm not wrong.

New cars will be hovering around 40k-50k.

will you shut up there and take the education

Ghana bought 15,000 new vehicles last year and Kenya bought only 5,000.

Ghana registered almost 200,000 cars last year and from what you posted, Kenya did only 100, 000

AfriqueDuZuid:
First Car registration is not the same as new car sales. A second hand can be a first car

We speaking of NEW CAR SALES not second handcars, only 7%(5000) of those 70000 were new

You and Tanzania are the same

Don't stress it

He won't understand

GeneralDae:
Kenya has initiated debt forgiveness talks with World Bank and IMF.

The country is in debt distress hence needs urgent support.

A third IMF bailout in 2 years is not the way forward for them.

They have to start living within their means

AfriqueDuZuid:
Again they say they ban import of used cars but they still important 8 year old cars. Maybe 8 year old car is considered new in kenya

😂🤣

Always take things said by that kid with a pinch of salt

AfriqueDuZuid:
SA sells close to 550k and kenya sells 5k.... He thinks im moved jealous

Morocco confess second at 160k

You don't always have to rub it in their faces ..... Any comparison will be an insult