₦airaland Forum

rvp20182:
Nonsense. Get credible data. You cannot pay less than 1 cent. Hydro cost of production alone is 3-6 cents usd. Your thermal power is definitely close to 10 cent.

Ghana cost of electricity - check your bill - is close to 20 cent per unit.

You're just mad

The internet is a free tool... Roam everywhere and you'll find the same figure....
Energy firms in Ghana asked for an increase and got it to 0.04 dollars per unit in June this year.


You've still not answered why your unit cost of electricity is 8 times higher

Hyperinflation has really taken a toll on you guys

rvp20182:
Your gov will never stop selling your crap because you're a country of idiots.

Ghana gdp to debt is now close to Zambia - 100% plus.

Get calculator and multiply external debt by 2 or 3. That is magic your cedis is doing to you. It's doubling your debt without any extra borrowing. Every day cedis weaken you debt to gdp increases.

Zambia your twin is already past 110%

your just dumb... This is the 400 billion is the confirmed figure by both IMF, WB and BOG ..


Next excuse dunderhead

rvp20182:
Under construction slowpoke

This are pictures after construction when contractors abandoned site

Dunderhead

What's your next excuse?

obaaderemi:
So you've moved from tariffs to availability. Keep running around, I'm still on your case.

They are just jumping around from one argument to another ... After they realize you've exposed them

rvp20182:
Kenya has about 25,000km of paved road - and road network approaching 300K. These are facts easily available. You can check national accounts in KNBS for latest.

these are the available facts .....

You have only 13,200km of paved highways according to KenHa

And your country adds only 200km of pave roads per year ....

The rest is up to you... How you got to 21,000km paved roads is a question that can only be asked by Kenyans to get the proper reply.

rvp20182:
WB/IMF projected 90-104. I think I have seen 138 percent as your real GDP to debt. Cedis depreciation affect your external debt. It has grown by 50% everytime Cedis collapse by 50%. This just PURE COMMON SENSE.

yet this is our actual debt

Keep projecting ... Meanwhile Kenya is at 74% debt to GDP while debt servicing is taking more than 70% of your revenue... At 14 billion dollars per annum...

This is why you're desperate

rvp20182:
Kenya debt forgiven in 1995? Never heard of it. Kenya restructures it debt - delayed repayment in 1990s
We were not eligible because we could pay.

Ghana has been part of HIPC forever. Highly Indebted Useless countries.

I know, most things are never heard of by Kenyans because you guys are mostly kept in the dark and are poorly educated on top of it.


Your minister was busy begging because you couldn't pay but you plea was rejected by the US because they prior forgive your debt in 1995.

rvp20182:
Sometimes use common sense.
8 times? Does it even sound normal to you?
https://www.stimatracker.com/
Kenya tarrifs - start from 10 cents for industrial customers to about 22 cents for residents (lower class pay 10-15 cents).
Ghana is about the same.

Maybe you're consuming internet crap data I have seen on stastica.

Check again from proper sources.

Cheapest are Ethiopia & Egypt - Ethiopia use to be 4 cents - I think now 6 cents - maybe 8 considering Birr has depreciated.

facts really come strange to you

Anyway this is the price per unit cost per country.

See where your country is

Shma2022:
Go Lie to your intellectually dwarf caliber. The accra we know can be a case study for open drainage systems that breed diseases. Open defecation is extremely high in that small zoo.

Don't be jealous of our expressway. A normal Ghanaian in the grand scheme of things can only view such magnificent infrastructure in a dream - I get it.

yet most of Accra drains are covered and all road construction since 2017 has come with covered drains..

Meanwhile your country just paid a billion dollars for this road and the drainages look like this

obaaderemi:
Everything is expensive there. The reason is not farfetched, foreigners control everything in Kenya.

people want to cash out fast

rvp20182:
The world dirtest city with cholera epidemic that normal kill thousands. That is accra. And you're here online with choleric diarhoea on threads it impossible to have a sober debate.

This akin to a mad house.

Ghana eliminated cholera and your fellow Kenyans have confirmed for themselves that Ghana is cleaner than Kenya.

Meanwhile cholera is busy killing Kenyans yearly.

This is from the US CDC on Ghana .. there's no active case in Ghana

Shma2022:
Hahaaa... These are the figures for 2022. Lemme give you the link.

https://theconversation.com/ghana-and-the-imf-debt-restructuring-must-go-hand-in-hand-with-managing-finances-better-191877#:~:text=Ghana's%20total%20public%20debt%20as,was%20US%2428.1%20billion%20(GHS203.

Bloomberg is saying 81%.

and here is the actual

Shma2022:
Dude, Kenya is not ghana. I can give you an official website of 21,900km of paved kenHA road network. I don't throw random numbers like you.

And read to understand, don't read to respond. I said our target by 2024 is to hit 40k km. That is achievable if we add 7k of new roads yearly.

so should we check Kenha website for the paved highway length?

Anyway, as at 2018 Kenya had 12,950km of paved roads and only 4,300km was in good condition and only 122km new roads was under construction....
https://allafrica.com/stories/201812120066.html

Like we've seen in several of your govt report, it is only able to construct(paved) less than 200km of roads per annum

Your highway authority says it has 13,200km of paved roads

rvp20182:
Nov 2022 - Ghana debt to GDP is above 100%.

Another bailout won't solve Ghana's economic crisis
Oct 20, 2022 — The major problem now is rising debt, which stands above 80% of GDP and is projected to reach 104% by the end of 2022. Ghana has been thrust

you saw projected and still managed post this thrash

The projection is based on expectations of borrowing to end of 2023.

Meanwhile Kenya debt is already 100 billion dollars as we speak.

rvp20182:
The difference btw normal thinking human and mad man is the soundness of their argument.

Basic sound argumentation 101 that you learn in lower primary debating class.

When you allege something with data - quote the data - paste the data - add link - SUPPORT.

That normally should end the debate - because data is sacrosanct - facts are sacred.

Either you're mentally ill therefore cannot make sound argument or you got bad education or bad morals from Accra slums- or all the above

good you didn't contest those facts and chooses to make the usual noise you make with trashy write up ..



Anyway why is cost of electricity 8 times expensive in Kenya than in Ghana, bare in mind that Ghana generate 70% of is electricity from gas plants.. which is supposed to make ours even more expensive.

rvp20182:
Yes - both Ghana and Nigeria had huge debt forgiven - but here they are - indebted to their gills - and almost both have no viable plan to pay off it. They simply dont generate revenues needed to pay off debt.

They are now claiming their reserves will pay for it. DRC would already be 1st world.

This was the Kenyan finance minister at the time begging to be part of the debt relief but Kenya did not qualify for it because the US had already forgiven Kenya of billions in debt in 1995.

rvp20182:
You write nonsense almost 99% - and you make this thread like wading through a Accra - with open sewers - and we have to jump over it.

Rule number uno/one - when you quote data - try to add a link.

Then we can have an intellectual debate.

If someone was to read this thread - all they see is another West Africa online slum - littered with garbage.

Most of Accra drainages are covered.. I know that is strange in Kenya hence the eyesore you guys created with your expressway.

Good you've realized you're just a loser on all front

Shma2022:
I got the 70% figure from bloomberg. Your debt to GDP is currently 81% as opposed to previously purported 68%. So basically, you're playing around 78- 81%.

Check this out.

By the year 2000, the government of Ghana had borrowed so much that the country was in debt distress. It then subscribed to the Heavily Indebted Poor Countries initiative of the International Monetary Fund and World Bank. Consequently, much of the country’s external debt of over US$4 billion was written off by creditors. By the time the initiative ended in 2006, Ghana’s total public debt stock was US$780 million (25% of GDP). The debt stock has since risen by 7000% to $54 billion, which is 78% of GDP. The current debt to GDP ratio is 78%, while the average for developing countries is 60%

78% in 2020 and 68% in August 2022 get current...


Next comparison

Shma2022:
Man, I'm talking about Ghana's infrastructure deficit in comparison with Kenya. Ghana is a jungle of emptiness and slums. No serious world-class infrastructure development can be traced over there.
KENhA(kenya highways) alone has done 21,900km of road network. That is way above the 18,068km total ghana network. If you add kuRA, kws, and the rest, you arrive at more or less 25k - 27k km. When uhuru left, there was about 10,000km of roads under construction, and some proposed. So by 2024, the goal is to hit 40k km. I know ghana has no extra money for development unless they borrow, which is not favorable for their collapsing economy & valueless cedi. That means, they will never catch up with Kenya in their entire existence, unless miracles happen.
Kenya spends ksh70B( $0.69M)on road maintenance. Little Ghana can't hack that!

In the case of drought, you need to pump more money to counter the situation. That is an extra monetary task that does not guarantee success. Ghana has no reason to pump borrowed billions of USD on dam construction, neutralization or desalinization of saline water, piping, and maintenance. You have gold to grow your economy, you have no people affected by drought, you literally have everything. Why are you backward? Why are you wallowing in debt and poverty?

I'm comparing paved network and you're here mentioning dusty roads? While Kenya highways has only been able to pave 9,000km of it network.... That's is 1/3rd of what Ghana has.

Good luck to you rising from 18,000km of paved roads to 40,000km when you country only adds 200km of paved roads per year.

The rest of your write up is thrash

obaaderemi:
He has fallen hard to the level of his lunatic brothers here. Not that he was smart to start with. But he is trying, for a semi-illiterate.

I give him some time because at least he try his best to understand the difficult things in his own way no matter how faulty that level of understanding may be to the reality.

The rest are just empty heads

For me, it is the fact that electricity is 8 times more expensive in Kenya than in Ghana. And 1.5 times more expensive in Kenya than in the USA.

The Israelis are really raping that country dry ...

There's wisdom in owning your electricity sector rather than handing it over to Israeli companies because your country is broke.

obaaderemi:
Just like his fellow Kenyan said, this thread will give him a Heartattack. He has started arguing more foolishly.

Just imagine him trying to compare Kenya 200kwh per Capita consumption to Ghana 1,042kwh per Capita consumption..

Isn't that madness ?


The gap is too huge to compare

obaaderemi:
It is 100% owned by the state. What dividends, dumbo?

rvp20182:
Last I checked it was around 17 GHZ consumption - but your utilities are broke, indebted and draining your economy.
How much of that power is paid for?

Jul 5, 2022 — In Ghana, about 30% of electricity supplied by the utility companies is lost through theft and other illegal activities [3] .

The general system loss is just 4.7% and 5.2% in 2020

Next time seek proper information.... This is for to the failure of Gridco so fix capacitor banks at distribution substations.

Most Ghanaian houses are connected with prepaid meters.

rvp20182:
The stats of metered connection come from your own gov.
You need to improve metering so your companies dont go bankrupt
And when they go bankrupt they take economy down.
That is why VRA and it's cousin has bankrupted Ghana since 1962.
They send your hero Kwame Nkrumah to exile where he died bitter.

South Africa is now being taken to cleaners by Eskom.

Nigeria became a zoo with NEPA.

Yet Ghana sold 33 billion kWh of electricity averagely in 2021

Do you know how much that is?

Ghana has sells 1 billion dollars in electricity monthly

rvp20182:
Their deffered tax liabilities are humongous. We just wait for them to burn their money until they get tired.

Most businesses in Kenya are mostly a mess like that

rvp20182:
That is better - because I saw you begging MTN not to repatraite dollars to South Africa and I cried small for you.

Your power company is as worthless like Nigeria NPP.

I know with your Bonobo Babboon type IQ and brain you cannot understand why.

It quite simple. Most of you bonobos dont pay for power - you steal power - you only have 3 million metered connections. Kenya for comparison has 9 million - South Africa 17 million.

The Nigeria bonobos steal crude oil, damage pipelines, steal refined fuel, manager steal money, total self-sabotage - NPP makes 40yrs of losses.

This why criminality when it becomes a culture even selling gold or crude become loss making.

Gold become a curse.

Oil become a curse

there are 3.5 million houses in Accra alone ... That is more than 3.5 million meters. Kumasi also has 3 million houses which are metered and all connected to the grid.

Only people who don't pay for powered in Ghana are those whose lands were affected by the creation of the Volta lake..

Total electricity sold in Ghana is more than 3 time what is sold in Kenya... Just get off the electricity Convo because you have no idea of it and you keep making a fool of yourself.

Total power sold in Ghana is 33 billion kWh..

Ghana per Capita power consumption is now 1,049.31 kWh

rvp20182:
Okay - we will wait to buy their Airtel kenya for a dollar soon.

unfortunately you're not smart to have those kind of agreement like GHANA has.

They may have to sell their business to you at premium because of the agreement you have with them..

rvp20182:
Kengen- just one company - Total revenues of 450M dollars.
Has never made a loss in it's history.
They made 180M dollars in profit.
kenya public has zero exposure in debt from it

How do you make losses selling electricity ? BONOBO of GHANA - explain. Just like Nigeria BONOBOS need to explain how NPP can make losses selling crude oil.

https://www.businessdailyafrica.com/bd/corporate/companies/kengen-profit-more-than-doubles-to-sh18bn-3271566

Power producer Kenya Electricity Generating Company (KenGen) #ticker:KEGN has posted a 133 per cent jump in net profit to Sh18.38 billion for the full year ending June 2020 on the increased output of cheaper geothermal and tax savings.

Are you still here comparing a tiny company that is only worth 170 million dollars with total revenue of 370 million to a behemoth valued at 30 billion dollars, whose revenue on core assets is 4 billion dollars plus another 2 billion dollars in it fuel business?

Madness is doing you

rvp20182:
Every country has CA - a regulator. They dont own Telcom. MTN own your Telcom sectors largely including Mobile Money (which is now banking) and are busy now sending the precious rare USD dollar to South Africa - and all you can do is BEG.

MTN - is basically going to own your two important sectors - Telcom and Banking - and they will be repatriating lots of dollars down to Joburg

Those Southies can be very harsh bosses - and very racist - I doubt they have servers in Ghana - everything including your mobile money is probably running from South Africa.

you forgot MTN is 35% owned by Ghanaian share holders.

As usual you have no knowledge on what BOOT agreements look like...
Basically your operation is just a lease if you know how JV contracts look like, you'll have an idea.

To Mobile money, the Bank of Ghana only allowed MTN to own 30% of the mobile money business.

Keep digging for all the excuses to why there's no company in Kenya as valuable as the companies I listed.

rvp20182:
Why would they run away and sell it for a dollar.

Their parent company wanted to exit the African market mostly so the Ghanaian govt took them over per the agreement they both signed

rvp20182:
Total revenues - 700M dollars - and has raked losses for 9 years in a row.
Indebted to its gill.
The company is under the depth of it's own Akosombo dam.
Financially speaking.

The balance sheet is here - worthless piece of crap that is swimming in debt - and like Eskom now - is albatross on your national economy.

https://www.vra.com/resources/annual_reports/2020%20VRA%20Annual%20Report.pdf

noise of a guy with no company in his country as valuable as VRA

rvp20182:
When you buy something for a dollar.
You're buying it's liabilities.
1 dollar is just because it has to be sold for something.
Otherwise you're buying debts, unpaid suppliers, unpaid employees, expired licenses

This is not something to be proud of.

actually

You really don't know how BOOT agreement works
It was under similar terms that ....

Both companies 200 million dollars plus liabilities is being paid of by Bharti and millicom.

Next excuse

The Ghanaian govt also took over Ameri Power plant for 1 dollar and handed it over to VRA, this year.
Ameri Power is a 500 million dollars asset and together with it power supply agreement is worth 1.5 billion dollars.
How many times is that valuable than your peanut kengen?