₦airaland Forum

rvp20182:
Mad cow.
NCA is a regulator.
In kenya we have it CA.
It not owner of spectrum.
Spectrum is owned by Ghana public and the regulator sells/leases/license/manage it.

Every country has their own CA - the regulator.

The problem with these west african double track education bonobos.

How DENSE can you be?

your just not smart ... The regulator is the one that sells the spectrum on behalf of the govt. It is the technical brain of the govt.

Whatever it own is in trust of the govt.

Dumb kid

rvp20182:
You needed to think about the number of bitter people you would evict to create such a big lake.
It bankrupted Ghana and has continued to be the albatross on your economy
VAR history of making losses means it worthless.

Very worthless

VRA makes GH¢156m profit after 9 years of losses - SIGAhttps://siga.gov.gh › Home › News & Insights
Dec 15, 2021 — The Volta River Authority (VRA) has made a profit of GH¢156 million in the 2020 fiscal year, up from a loss of GH¢127 million the previous ...

Keep projecting meanwhile the Company has 2 billion dollars in loans on it book from the WB, Societe General, the Kuwait fund and co.

Is there any company in Kenya that is able to borrow on it own balance sheet to that amount?

This is the company on whose book Ghana spent 16 billion dollars to resolve it power crisis ended 4 years ago.

rvp20182:
Already read...a dollar..I guess it raked up unpaid debt.Let see if you will run it.With your bonobos in gov I doubt it will last 2yrs

We've already been running it for 2 years..
Next joke

rvp20182:
I see you bought AirtelTigo for a dollar..I doubt it's operating .VRA is worth the same a dollar...because nobody will buy a loss making machine ..losses in six years in a row https://www.bloomberg.com/news/articles/2021-04-30/ghana-seeks-to-stabilize-airteltigo-after-buying-operator-for-1

yes we did for just 1 dollar.. yes it's operating with 10 million subscribers. Every Telkom In Ghana is own by NCA even without portfolio holding ... The operators are just managers of the spectrum which they lease.

That is the kind of smart contracts that the govt of Ghana sell

rvp20182:
usual madness throwing usual figures baboon

those are just facts kiddo ... Stop masterbating on the platform with all these tantrums.

Combine all Kenyan valueless SOEs and maybe you'll get to Ghana gas in valuation

rvp20182:
We don't want a piece of that crap .. Buhari should seize it next you can't pay for gas if debt holders don't.VRA bankrupted Ghana in 1962 and send Kwame Nkrumah to exile...gave you military rule until 2000s.. bankrupted you in 2015...and now again.That thing is a curse.You should have compensated the land owners you flooded their farms with Akosombo dam.Kwame just flooded thousands of people farms and soon bankrupted Ghana..died in exile..and the curse continues.Try to compensate those people their golden stool drowned

That flooding created the largest lake by volume in the world providing water for irrigation.

It also created a large company that Kenya will be happy to have. Unfortunately Kenya does not have the money or a company that valuable to compare with.
The likes of Franklin Templeton Investment will be happy to own an asset worth 30 billion dollars

rvp20182:
Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

rvp20182:
Why it it called airtel and tigo two external brand.Kenya gov own 100 percent of Telkom kenya plus 35 plus custodian of public in Safaricom.kenya gov picked the CEO.Every sector kenya gov operates.This is not a zoo

The Ghanaian govt compel them to merge and the both had 5 million subscribers before merger. That's 10 million subscribers under it

rvp20182:
You don't make any sense at all.VRA has made six years of losses, can't pay for gas without waking sleepy Buhari and has indebted & now sunk your economy twice in a decade..in 2015 and now..that thing is not only worthless...it a strain.If you to IPO.. nobody sane will buy..even if you value it at dollar...it going to do right issues immediately or capital call of billions .It's not even worth a cedi.. single cedi..it's negative

Yet VRA fuel business revenue flows is around 2 billion dollars . is that not more than 10 times the size of your kengen?
That's the amount it it spend acquiring fuel for various companies including private companies in various sectors.

Investors were busy lining up to buy VRA off in 2017 but for the vigilance of Ghanaians. The likes of Franklin Templeton Investment with 1.3 Trillion dollars in asset under management, a fund that is friendly to the Finance minister of Ghana.
These guys were busy lining up to buy off VRA
These were the same guys behind attempt to sell of ECG which was resisted by Ghanaians.

Your kengen is less valuable so it can't attract these huge funds

rvp20182:
madman if we can't even agree on basic verifiable facts that it had made six years of losses and just got first profit of mere 120 m cedis then surely we are just heckling like west African bonobos in the zoo

crazy kid

Keep making noise.... You'll need to combine all the things that Kenyan govt doesn't own inorder to compare with VRA.

rvp20182:
Madcow unlike west African baboons now pleading with MTN not repatriate profit...we own telcom sector... because when Vodafone came in 1990s to start mobile..like everything we demanded more than 50 percent shareholding..they got 35 percent and Kenya gov got 60 percent..moi got 5 percent..Kenya gov then sold 25 percent to Kenyans .IPO attracted a million subscription... nearly everyone got a piece of it.There was so many shareholders safaricom AGM are held in stadium but now online... everything had to change because a million shareholders

The Ghanaian govt own 100% of AirtelTigo business.

Your Safaricom can't be compared to any of the companies you want to compare it with.. First manage to own 100% of it and then we can start talking about how you'll compare it to Ghana Gas which is valued at 15 billion dollars.

rvp20182:
Now the story has changed.Facts are stubborn.Quick google fact checking mad man is enough to know VRA has had six years of losses...can't even pay Nigeria for gas without waking sleepy Buhari to fly to Ghana and demand payment..not only making financial losses, indebting Ghanaian and now causing diplomatic rows.You can't compare to kengen flying Kenya flag high as it wins geothermal contracts abroad

You're not smart... There's a difference between VRA and VRA group.
VRA is never made a loss but the group holding for 5 years. The group holding has several obligation to bring various energy assets under it umbrella.

VRA has the ability to hold payment when obligations are not met.. Revenue flows in it fuel business alone is worth 2 billion dollars.. VRA just paid 750 million dollars to Ghana gas for fuel supplied and paid NNPC of Nigeria for it gas after both companies settled their obligations to each other.

VRA has gone on to reduce gas demand from Nigeria to just 50scfd because Ghana Gas Sankofa gas field has come onstream. An 8 billion dollars investment from GNPC to develop with VRA as a priority offtaker...

These monies are too large for any Kenyan company to fantom

rvp20182:
Nobody will allow a loss maker to be listed ..that sure way to kill investment of poor people...make them profitable first for at least five years.For now you can quote any random number your deranged mind can think about

VRA has been profitable for more than 50 years ... Ghanaians kicked against it listing because we saw it as a way of privatizing it in 2017.

There's no need listing a company that is privately run and can borrow on it balance sheet

obaaderemi:
The ninny is fighting a lost battle as usual. You don't compare a stupid $8bn company half owned by foreigners to an oil company with reserves of crude oil.

he is mad

He's comparing 35% ownership to 100% ownership here.

rvp20182:
VRA has made losses in six years...that stubborn fact and just made little profit last year.Nobody will want such piece of crap however it's potential.Secondly why is your gov borrowing money for you SOEs.No wonder you're ever bankrupted.In Kenya SOEs borrow and pay for their debt...gov is just the guarantor sometimes..and rarely step in
VRA if it was profitable and we'll run would borrow their own money and repay but because it's worthless poorly run it's saddled your gov with debt.I was wondering what mad man was ranting about borrowing for profitable venture...in Kenya we borrow to build roads or such...not to invest in SoEs.SoEs borrow their own money from commercial banks. If kengen want to build a power plant they go to say Japan and borrow if they can't meet all the money...Kenya gov is not even aware that it will borrow when or how... those details.. unless it starts to struggle

Fortunately, VRA is properly run like a private company and has borrowed on it balance sheet to own several assets. Which has made it a very large company by valuation.
Because it is properly runned, we opted not to list it in the stock market for now until we urgently need money.

rvp20182:
VRA installed capacity of 2600mw has made losses in six years in a row ..kengen 2000mw has never made loss in it's history..it shares floated..it now a world leader in geothermal power that is contracted by other countries to dig 5km rigs inside the earth crust.Kengen total revenues are 600m dollars ..VRA is a loss making thing no sane person will buy..first let it be profitable before you think it's of valuation.

Kengen only has 1,200MW

Kengen is value at 170 million dollars with revenue flow of 370 million

That's peanuts

If we decide to list VRA, GNPC, EXPLORCO, Ghana Gas and Gridco alone on the Ghana stock exchange... They will easily drive the stock exchange to be 120 billion dollars worth.

We have shelved those decisions because those companies are already managed like private companies and are able to borrow on their own balance sheet while govt just becomes a guarantor.
Out of Ghana 54 billion debt, these companies own 34 billion of it on their balance sheet.
In actual sense, Ghana govt real debt is just 20 billion dollars.

rvp20182:
It easy to know the value of an asset because it's not unique to Ghana...you can use kengen which is floated as model..you can use Eskom...you can use hundreds of such utility companies to know it's worth.VAR first has to make at least 5yrs of profit before it can be allowed to be sold say through IPO because as of now it's worthless piece of indebted crap that has been making six years of losses.Who will buy such? How does a utility company like that makes losses? It can't even pay for Nigeria gas and you're talking thermal units.Youre typical west African baboons

VRA has made profit every year since it inception... The VRA which has several companies under it mandate made loses for 5 years of power crisis in Ghana ending 2018 because of it investment mandate in several gas projects in order to switch from HFO to gas which brought their valuation to 24 billion dollars in 2020 and currently at 30 billion dollars in 2022 after acquiring more.

Go to bed... Nothing in Kenya is as valuable as GNPC or VRA or Ghana Gas ..
These are the companies that have been repaying all of Ghana debt since 2010. And they've chopped a greater portion of Ghana debt.

obaaderemi:
How can an educated man say because a dam in Ethiopia costs $4bn, then by comparison a power company elsewhere is worth a certain amount?

He was trying to compare kengen that is worth only 170 million to VRA, inorder to do that, he must devalue VRA so kengen can match.

That kid is crazy as F

Shma2022:
You've wasted your time, bundles, and energy posting this bunch of nothingness.

you're afraid of facts keep running

Bloomberg was the one who told us your servicing cost is 14 billion dollars this year... Are they also posting nothingness?

obaaderemi:
You are an illiterate in mask.

A power company is worth more than its dam(s). There are other assets.

Thanks you noticed

rvp20182:
KPMG are not mad like you n would never do that... Eskom south Africa with 40,000mw is not worth that ...even US biggest Enron was not worth that.VRA is worth about two billion max...with it's debt..a billion.2600mw times cost per unit of cheap hydro per unit..3 cents USD is why VRA is worthless loss maker..I doubt it total revenue exceed 500m dollars..and I am not surprised it's taking losses

Crazy takes as usual

All because kengen in Kenya is only worth 170 million dollars.

Boy, VRA tentacle in Ghana runs deep oo.. for instance
All govt own thermal units were transferred to them.

They are spending 2 billion dollars yearly on fuel alone.
That is more than 10 times the value of you worthless kengen and the value of your largest company.

Go to bed again, maybe you'll wake up at the right side of your bed

rvp20182:
Valued by who madman and where?

according to according to kpmg on energy assets..

VRA has 30 billion dollars in plant and fuel securities asset plus equity in other firms

rvp2018:
madness.. safaricom shares are floated and it's value easy to determine.Its profit alone buries all Ghana companies possibly including Anglo Ashanti.Volta generates 2600mw.Kengen generates 2000mw.Kengen shares are also floated.Kengen has never made a loss.Your loss maker saddled with debt is therefore worth less than kengen.VRA can only make losses because it saddled with lots of debt and is therefore worthless loss making entity..six years of losses and just made first profit..not different from Kenya airways.Your poor Ghana gov can never equal Kenya state owned enterprises that are in every sector ..never

Yet no Kenyan company come close to VRA in Asset valuation... That make Kenyan companies look like shit .

These are the biggest companies in asset valuation in Ghana

GNPC and Explorco - 40 billion dollars
VRA - 30 billion dollars
Ghana gas - approaching 15 billion dollars with it new Sankofa lines
VRA had to make loses because of all the acquisitions in assets that the govt had to force on it neck.

Your kengen is just a small company that generates 1200mw

rvp20182:
No one asked you not to think through issues or go to proper school
You could have gone for a single track education and concentrated - cost-benefit analysis 101
Desalination is very expensive - only done by Oil barons like Saudis.
Turkana sits on a huge aquifer - but economics of desalination dont make sense.

it would make sense if you found a cheap power source instead of expensive geothermal

vankelvin:
On the emboldened

K-nyansh people are just dumb
They think nothing can be done about their so called arid lands

they don't learn

rvp20182:
Kenya gov need to get out - of many of these sectors. That I agree. And that is why Kenya gov is very rich. They just need to sell. Safaricom alone can clear all commercial loans.

What are VRA liabilities.

Company is valued when you Assets-Liabilities.

Safaricom will not even get 2 billion dollars in valuation and your govt will only receive less than 35% of that.

VRA liabilities is 101 million dollars and valued at 30.9 billion, it operating revenue is over 4 billion dollars yearly

rvp20182:
Are we talking about this VRA or another?

The Volta River Authority (VRA) has successfully turned around the company's fortunes after six years of recording losses, as it made profit of GH¢112.76million in 2021 – with management poised to keep up the momentum

You want to compare VRA - with Safaricom that makes 3 billion dollars in revenue - and 1 billion dollar in Gross Profit? Are you completely nuts? Safaricom at it apex was valued at 18B dollars - more than Dangote.

Kenya gov SOES are literally in every sector.

VRA - would electricity sector

KENGEN - kenya gov sold 30% of it to public - own 70%. This largest energy generator with 10 dams, many geothermal, etc
KPLC - is public owned by gov largely - 50% owned by gov. Main supplier or distributor - 9 million customers.
Ketraco - This supply lines - the main electricity bulk supply - 100% gov
REA - Rural electrification - 100%
GDC - Geothermal development company - 100% gov of kenya

That is just electricity space

Name anything in Kenya - kenya gov has a play - including Hilton hotel, Intercon, name it. Kenya gov owns shares and stakes everywhere - cement, salt, sugar, alcohol, name it. Kenya gov has a play.

During 1990s - when World Bank/IMF pressured countries to privatize - Kenya gov privatized about 200 SOES - but never completely sold out - except very few - they would offer shares max of 49% - retaining control.

Kibaki sold a few - mostly floating 30% shareholding - to finance budget deficit.

Uhuru just got drunk with chinese and eurobond - I think he only sold Kenya Wines Agency to South Africa Distell via private arrangment.

Ruto has promised to sell 6 SOES every year to finance the budget deficit.

Good luck ... That I what broke countries do... Ghana was here in 1980 ...
Very soon you'll have to sell Kenya water company
And you'll realize that they are worth nothing.

Anyway, VRA asset are valued around 35 billion dollars

Shma2022:
Again, you're still copy pasting the same yet-to-be-approved nonsense(blog). Our debt ceiling is still 55%.

National government finances are governed by the Public Finance Management (National Government) Regulations of 2015, which set the ceiling at 50% of the present value of GDP. The national Treasury has recently proposed to change the limit to 55%.

You should have copy pasted everything. :

KEY WORDS; PROPOSED!!

The proposed change translates to a debt ceiling of about KSh8.579 trillion for 2022. This figure is calculated from the official forecast for 2021 economic production of KSh12.1 trillion and its projected growth rate of 5.9% during 2022.

Kenya has already broken through the proposed ceiling. The national Treasury estimates the present value of Kenya’s public debt as a proportion of GDP for 2022 at 64.2%. This figure is higher than the proposed ceiling of 55%.

JUSTO ZOMBIE here is your answer:

The high debt usage has driven the cost of annual debt servicing to almost 54% of domestic revenues. This is an increment of 14% compared to 2020 when the ratio was about 40%.

We spend 54% on debt servicing. Ghana spends a whopping 70%. You have no space to breathe. You can't develop any further.

Such thrash of a write up ..

Why do you think when you type plenty, then you may sound sensible?

Ghana debt servicing is 2.7 billion dollars, explain how that is 70% of revenue... I don't blame you I blame the poor education you got

Kenya debt servicing is already gulping out 74% from your revenue 14 billion dollars is going to servicing debt this year.

Kenya debt ceiling has already been increase to 10 trillion in order to allow your next govt to borrow.... Get ready for your debt crisis to get even worse. Won't that be like 95% of GDP?

Shma2022:
SAVE WORDS.

Try to be constructive with your submission. I'm not here to contest for word-wasting trophy.

You can do that with your dogs.

Empty words of someone who have nothing to say again after facts being put to him.

Anyway, how are you guys coping in that poor country of yours with such huge retail prices?

Shma2022:
Divide $54billion with your population. Then give us the per capita findings.

Don't argue like an obtuse.

Also, your have an infrastructure deficit, no drought, Gold... Factor in those.

Every African country have an infrastructure deficit... That of Kenya is even greater than Ghana.
Just look at how many roads your country have to build and you'll have an idea of the disaster you have.

You keep screaming drought yet you have enough water to pour into the ground and enough water just to grow tea... Meanwhile Egypt is more dryer than your country but they meet all their agriculture needs .

Do you even know how much Ghana had to spend from 2000 to 2012 just to fight desertification in order to make it possible for food to be grown in northern Ghana?

Borrowing 80 billion dollars and adding another 10 billion dollars just last month with nothing to show for it only indicate how backward your country is

rvp20182:
Gov job is not invest - it's grow the economy - and tax - and our taxes continue to grow.
When it come to investment - Kenya gov has invested everywhere - and has shareholding in 300 SOES
Safaricom 35% stake alone - is more than all Ghana SOES.
That when market is doing great - at one point Safaricom was approaching 20B dollars - that is 8B dollars - enough to pay off all our commercial external debts.
Kenya has I think 200 SOES it own 100% percent
And another 200 SOES it own some shares.
Kenya gov has shares in almost everything...from hotels....cement..to salt...to name...trading...super markets....it almost everywhere

let me laugh at your crazy rants ...

I won't even go far because Safaricom does not have the same value as VRA .. VRA alone is capable of swallowing all Kenyan SOEs..

Because you want to lie so badly, your write up don't add up... Like I said, your government invest in useless stuff and that is why they are haemorrhaging because all of those things are making huge losses draining your govt.

Shma2022:
Our road quality index is waaay above Ghana. Don't spew nonsense with your 18,000km road network.

Ghana is in debt distress. More than 70% of your total revenue goes to debt servicing. You don't have money to expand your road network.

Tell that to the tourist complaining about your roadless country because you guys only have 16,000km of paved roads.

Ghana is only spending 30% of it revenue to service debt...2.7 billion dollars.. that's not debt distress. Ghana is facing a liquidity challenge which is politically inflicted.


Kenya is spending 74% of revenue yo service debt.. that is what a real debt distress looking like
No wonder you have defaulted.