₦airaland Forum

gallivant:
Buddy, don't be obtuse. This is a public forum! Have some shame.

https://www.statista.com/graphic/1/1153674/inflation-rate-food-in-ghana.jpg

Are you now disputing the prices of things in your country?

obaaderemi:
Actually it is more than money in the pocket, stupidd bittch.

gallivant:
34% inflation was March. Right now is hovering around 150%. Honestly, I don't think most Ghanaians can afford bread-and-milk, it was already hard enough in March when the inflation levels weren't as catastrophic as today.

good luck to your projection

A Ghanaian is getting more with his money while a Kenyan can only afford half of it.

gallivant:
Nah, the onus is on you! Go ahead and pick one consumer item and make sure you provide sources. I am not the one disputing Ghana Statistical Services.

I just give you 5kg rice which you buy at 10 dollars.. we buy at 5 dollars

I give you sunflower oil

I give you electricity

Do you want more

gallivant:
It's my civic duty to lead you from a path of ignorance.

https://pbs.twimg.com/media/FfLr72VWQAARNB0.jpg

our 34% yoy inflation only managed to me prices in Ghana on most occasion half the price in Kenya...

That the level of your stupidity

So again, how are you surviving Kenya?

10 dollars in Ghana will buy double of an item in Ghana while in Kenya, it will buy just one.
Do you understand now?

gallivant:
Even better chart for the slow ones..

https://citibusinessnews.com/wp-content/uploads/2022/04/inflation-for-march-2022.jpg

which doesn't change the fact that everything in Kenya is more expensive than in Ghana.. which is the whole point of the inflation argument.

Pick any consumer item in Kenya and compare the price of same in Ghana and the price will be 1/3rd or 2/3rd more expensive

vaxx:
consumer price index . Check on goods and services price of both country and placed it dollar values

you're wasting your time... That kid has no understanding of what he post

rvp2018:
I expect most of export to soon dry up as cost of doing business become impossible. Ask Sri Lanka or Lebanon.

In Lebanon the presidency is now vacant - nobody want it - you can go there and grow their economy and export value

By march next year - the Ghana current gov would have been run out of town - and military maybe running string to avoid riots and laweslness

Fortunately... Our export is increasing at a greater percentage as we keep attracting large amount of FDI..

Most of the new factories established recently have already started exporting ... In 3 years, our export will be hitting 30 billion dollars and our import is expected to from by 2 billion.


Nice dreams
Your dreams are just like the realities facing Ruto.. he is now reneging on all his pledge to your hustler economy
No more free lunch like he promised.
He is already giving the port to China

I pray kenya come out of the debt crisis which we all know will take 10 years sooner because the rate at which it has driven Kenya into deep stagnation with no govt spending is insane and a disaster because the Kenyan govt is the largest spender in the Kenyan economy.

rvp2018:
Of 7B - how much does it trickle down - and how much do Ashanti Gold keep in South Africa and New York.
Trickle down is failed economics. It doesnt work. Your gov get royalties and have to distribute it back effeciently
What works is those 12B bikes - are made by army of Veitnames workers - transports - logistis - even the hotels cooking for workers.

95% of all mineral export receipt are retained in Ghana... Infact all mining firms at the moment have been pumping more money into development than they are currently making.

If trickle down wasn't working like Australia, Brazil and Mexicao will still be poor today but because it work, so many of their citizens have been lifted out of poverty..

There are 40,000mine workers in Ghana and their activities support the livelihood of 4.5 million Ghanaians.... There are less than 10,000 bicycle factory workers.

Trickle down economics has failed in Kenya because Kenya has focused of fake data reporting and fraud rather than sound economics... There's no reason why you should grown at more than 5% for 10 years without an explosion in the size of your middle class or a significant reduction in poverty.

rvp2018:
Youre the joke. The cedis will continue to depreciate until your joker of gov face the reality.

Which will be good for our economy and export value

Next joker

rvp2018:
Export are important but more important is what you're exporting.
Veitnam export bikes of 12B dollars - it more valuable than your gold.
Understand the economic multiplier - and why countries focus on industries - tradiitonal manufacturing and now industries without smokes

yes because 12 billion is greater than our 7 billion fold export.

I just explained what trickle down economy is to you ... It is reflective of why unemployment is higher in Kenya than in Ghana. It is also reflective of why the middle class in Ghana is larger than in Kenya and it is also reflective of why poverty is higher in Kenya than in Ghana.

When you have a trickle down economics growth, all those above listed are affected positively

rvp2018:
KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100.
CEDIS has depricated now to 157% - and there is no end in sight.
IMF deal unlikely until march earliest.
By then your economy will be dead like Sri Lanka.
What will stop the panic now? Who will restore confidence in CEDIS?
Now that IMF will take time.

Compare to the kshs... The cedi has more confidence

Evidence is in the capital flight from or to both countries...

No one has confidence in your kshs hence the 6.5 billion dollars capital flight from kenya

Also, Ghana is in no rush for an IMF program.... In fact we are the one not ready to send an intent letter to engage the fund.


Next joke

rvp2018:
Exporting gold has zero multiplier. You can export 10B dollars worth of gold - only Anglo Ashanti & your naive gov will feel some impact.
Exporting 500M worth of apparel like we do to US...huge multiplier.
We have to engage 100,000 people to stich those apparels and export to US.
That is difference
Exporting horticultural goods - huge multiplier - these are so called industries without smoke because of the value chain.
Our 7 Billion of export has a MULTIPLIER close to 10.
That turns 7 Billion to 70B.
Your exporting raw extracted mineral...multiplier is almost 1-2 - zero impact.
Apart from Cocoa beans - which you need to improve on.

keep making up shit in your head...

Your economy has no positive effect on Kenyans, hence the increasing unemployment in Kenya and a lesser share of the middle class....
If your economy had a trickle down effect, like Ghana has, Kenya middle class will not be a mere 13% of population but around 50% like GHANA.

rvp2018:
Dont parrot things you dont know.
You export nothing to the region - apart from electricity to Burkina faso.
You top 10 export countries none is in West Africa.
Kenya is different and almost unique because we trade 50% within Africa.
Our biggest export destinations are our neighbeours - TZ/Uganda/etc
It's in our interest to have weaker Kshs than them.
But Ghana - weaken cedis with your large import - and zero export to the region?

You just keep posting thrash... Ghana is the 80th or so export country in the world... Where is Kenya...?

East African countries are not export oriented...

Explain how 11 billion dollars import is larger than 22 billion export.
Are you drunk? Ghana 2 billion export to it neighbors is almost half of Kenya goods export.

rvp2018:
I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70.

When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating.

Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder.

Kenya is doing great. Ghana is in a midst of big crisis. Dont project.

cedi goods has to be competitive in west Africa hence we can't keep having a highly valuable currency in the mist who can't afford ours, even in the mist of all the production advantages we have. Which means allowing the cedi to fall so we can get favorable market condition...
Reason for cedi fall is because BOG intentionally took out lots of forex from the market as an intentional policy decision.

Today Ghana export is 22 billion, that is going to hit 30 billion dollars by 2025....

Kenya is in the neck of a debt/financial crisis

Wuoche:
No Kenyan can come to Ghana. Ghana has no any attractive capability.

see how your lips are trembling ...
Yet more and more Kenyans are seeking better education here... In both public and private unis ... Others are prostituting in Osu and Labone.

What's your next whimpering?



Good I've silenced you fools on the middle class convo

More austerity pain coming in for Kenya..
IMF is recommending an increase in electricity prices, fuel prices, taxes, halfing in health, education and others spending.

With Kenya failing to pay another 700million dollars in debt making it a total of 1.4 billion dollars of debt carry forward...

Kenya has finally caved to IMF recommendations of handing over KEnya Port to China as a way to be able to pay some of it debts.
Also going to be handed over are, Kenya power, Kenya pipeline, Kenya airways and etc.

obaaderemi:
Calm down, no one said that.

he's busy deflecting

Wuoche:
You don't know what you are talking about. Which part of North Korean Capital is better than South Korean Capital?

did you hear better or you heard flashy ?

Keep running away from the main argument into the abstract

86.6% of Kenyans are poor 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..

Mkenya2019:
You can get cheap rice from Uganda and Tanzania in kenya because they bring it duty free.
Only aromatic basmati type of rice is expensive.
And kenyan rice is expensive.
You dont just pick things randomly in Jumia and use it to compare.

story for the gods

I picked retail prices in your market to compare and that is why I didn't use basmati price of 1900kshs

Mkenya2019:
Which kenyans are flooding Ghana - you mean wode maya girlfriend/wife - and the other lady.

There are too many Kenyans here either schooling or doing prostitution at OSU and Labone ..

I'm not even referring to wode Maya wife..


Anyway, did you see the middle income comparison from WB?

Shma2022:
Yes, it used to be Ksh1150. But it has gone down to ksh999.

still far higher

Shma2022:
It depends with the quality of rice you're buying. 5kg of Sunrise basmati for instance costs ksh999, that is $8. Some are as cheap as 600 --- $5.

standard price is 1100kshs

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

Shma2022:
Which super high price? Ghana's inflation rate has just hit 40% - you should worry about that. Kenya's inflation rate is playing around 8- 9%... Source~ central bank of Kenya.
The rate is on a downward trajectory. By early next year, we will be approaching 8%---
towards 7%.

why are you buying 5kg of rice at 10 dollars? Or paying 8 times for electricity than Ghana or buying cement for almost 9 dollars?

Those are far above what Ghana pays for anyone of that... That is where 2 years of hyperinflation had driven you to

Shma2022:
Well, Kenya middle-income economy is 23M. Ghana is 46% of her population, meaning, you're doing more or less 13M.

Know this today... Don't go around posting bs.

while Ghana has 15 million of her population as middle class people.... Kenya is struggling to even have 6 million people.

That also explain why baring expatriate, majority of Kenyans can only afford to live in slum scrappers in Nairobi... It also explains why suburban living is only reserved for a few

gallivant:
Madman. The only thing you have in common is South African companies dominating your zoo. MTN, Shoprite etc. A free trade area. All your companies other than oil drilling are not existent! Ghana is a shithole drowning in inflation.

ShopRite has 4 shops here ... That's not dominating..

Meanwhile you ZOO can't afford anything because of the super high prices

gallivant:
Stupid arguments again. How many Kenyans eat KFC? The lame education system in Ghana is what led to 120% inflation. Stupid citizens = bad economy,IMF bailouts.

yet you were busy demonstrating that KFC is not buying you potatoes.

Not many Kenyans can afford to go to the restaurant so I don't expect many to go to junks like kfc

Shma2022:
You need to have a brain to fathom my logic. Average buffoons like you and obuffoon will without doubt struggle to decipher.

Life expectancy comes "hand in hand with" ( this part spaced you already.) "....With life expectancy." Go and read the methodology of measuring living standards then come and display your ignorance.

Check aspects like social capital: security and safety, social networks, community support.... Then go down to physical capital: food consumption, land ownership, and property ownership. Move to environmental & human capital then check how it interlinks with life expectancy.

The thrash is hyper-venting with more thrash.

Shma2022:
I can also give you a random figure; 1M. It doesn't mean I'm right. You need to prove it with empirical data ---- link! Or direct me to a reputable source. Don't just throw figures around.

well we didn't give you a random figure ...
We give you based on empirical fact with available data

obaaderemi:
But you knew that specimen was a fool.

He confused life expectancy with living standard.
Senegal has a life expectancy of 68, does that make it better than Ghana too?

Poorly educated and always making a fool of themselves