₦airaland Forum

rvp20182:
Our economy generates 20B dollars in taxes. Export is not everything. Our domestic economy is strong. Nigeria exports petrol and nothing much. That is why gov is struggle to generate even 10B dollars in taxes.

if your domestic economy was strong, you won't be importing 20 billion dollars worth of goods to establish a huge gap between export and import

obaaderemi:
European economies are so complex. I'm not sure the Europeans understand it fully themselves. And look at Russia with all that output and technology, it's GDP is still nothing to write home about compared to the GDP of countries like UK and Italy. How can Italy's GDP be higher than Russia's?

according to real economic assessment, the Russian economy is on par with that of Germany, buoyant and productive and that is the reason why sanctions hasn't affected it as much as those who planned it thought it would.

Fourpockets:
Misplaced priorities, too bad cos those billions if could have been invested in other African countries with cheap labour, it would have made the company more money and also it would have created more jobs on the continent, the US already has plenty of jobs

How many African countries consumes as much chocolate as those markets?

If you want to profit and escape the duty quota system, then you will want to set up in a much larger market

rvp2018:
Mexico world largest producer of avacado make more money from avacado than Ghana the world largest gold producer makes from gold...that is green gold...with huge multiplier including transport and packaging

typical madness from a kid

Ghanaian chocolate manufacturer, Niche Cocoa has opened a manufacturing plant in USA. It also has another huge manufacturing plant in Germany
The cocoa processing company's headquarters is in Tema, Ghana.

The project is the largest African food and beverage investment in US history.

rvp2018:
KaziKazi - without Kenya - you'd still be like Nigeria or Ghana - producing low tech agriculture.

State-owned Kenya Seed Company Ltd (Kenya Seed Company) researches, develops and markets field crops and vegetable seeds, alongside the sale of pesticides and fertilizers. It was incorporated in 1956, and in 1979 it acquired Simpson and White Law, a vegetable seed company that trades under the brand name Simlaw Seeds. Kenya Seed Company also established the brands Kibo in Tanzania and Simlaw Seeds (Uganda) in Uganda.

Both Ghana and Nigeria have double and triple the mechanized agriculture lands than Kenya has ... Sush it and deal with your low productivity....

rvp2018:
Only ghana is desperate now - imf mission left ghana last week - your country future depend on them

Are you referring to the same Ghana that decided it didn't need it and is dragging it feet at negotiation?


Kenya needs it more hence the double subscription.
Without it there won't be a Kenya.

If Ghana needed 3 billion, it could simply have gotten it

rvp2018:
i live where one avacado is almost 3 dollars...that is half sack of your cereals

the exporter gets only 30% of it and the retail gets the rest plus transport.

I think we all know cereal cost more, 300% more

rvp2018:
We went to IMF when they had their hands open for everyone due to COVID. We have soft conditions. Your gov refused to go to IMF then hoping to float another a Eurobond. Shock on you - Eurobond shut the doors on you. Now you're going to IMF on all your fours and IMF have set pre-conditions that would entail doing the unthinkable - default on the local debt - never mind eurobond investors have dumped Ghana bonds and dont even care if you pay - you wont pay - but you will never borrow again.

drunkard

You have no soft condition when you're under a protracted debt sustainable ECF and EFF ..... Your economy will be strangled

My Govt was never hoping to go to Eurobond because last time they tried going, they didn't have a favorable condition.

Your govt can't access the Eurobond market, China will not loan to you and it only option was IMF because theyve been defaulting for long now.

rvp2018:
Cereals is for fools like you, TZ and Nigeria
Kenya is going for high value crops - fruits, nuts, vegies.
We will happily import rice,maize, wheat. Plant them.
In fact we are starting GMO growing of those useless cereals.
Our focus is on high value crops like Avacados - with potential to grow export to more than 10B dollars (more than your GOLD)

you're just dumb....

Only fools do not produce cereals, cereals run the world and tea can't compare to any cereals you may think off.

Yet your fruits, nuts and veggies combined do not earn you even 1 billion dollars

You call avocado a high value crop? which world do you live in?

rvp2018:
We are already in Ghana. Let see.

in Ghana with what?

To be in Ghana, you have to bring cereals, that which you don't have

rvp2018:
We are borrowing less and less. We cannot stop borrowing. We cannot beg IMF like you're doing.

These are the measures
1) We are cutting 3 billion dollars from current budget
2) We will foat local dollar denominated loan
3) We will sell six SOES through public listing or and IPO.

We then avoid IMF straitjacket - that is about to ensare Ghana into a 5-10 yr embrace - with a raft of chemo and radiotherapy

Youve been begging IMF since last year and you'll be begging them for the next 5 years because without them, you can't run your country .. they are busy paying workers salary on your behalf.

Ghana is okay without IMF but we can't say same for Kenya, there already a hiring freeze in your country, you've been pushed to remove subsides what's next, reduction in your spending for the next 5 years and a freeze on spending for 5 years...

Kenyans will end up poorer

GeneralDae:
Ask him what Kenya manufactures that makes them a manufacturing country.

Please don't make him cry

rvp2018:
Ghana should take lessons before they default.
>>President Ruto's hinting at the issuance of a domestic dollar denominated bond. Looks like GOK has finally realised just how much is being held in dollar denominated accounts locally (foreign currency deposits at Kes 904 billion as at July) & wishes to tap into this pot

borrowing more only makes Kenya disaster worse

rvp2018:
14 percent of 11B in 2016 is what I see

Ghana 2016 export was 16 billion dollars.

If you want 2020 data, you're free to check Ghana trade ministry data which has it at 20% and every year it goes up

rvp2018:
Always mad cow put the source

Take er

https://www.ceicdata.com/en/ghana/exports/gh-exports--of-goods-exports-manufactures

I know you like to make empty noise but not everything is about noise... Crazy boy

rvp2018:
Something tell me you're a Ugand or Tanzania type of market with very limited manufacturing.
Already you're ordering batteries.
Your manufacturing is where kenya was 30yrs or more ago

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

The data says otherwise
Ghana manufacturing sector is bigger than yours ... It was less focused on export 15 years but all of that has changed.

Manufactured goods export stands at 20% of Ghana 24 billion total export

rvp2018:
Half a million dollars is a good place to start - Send us the cane rats.

kid be logical... Of course you know that even that half a million dollar market won't go to just you especially when Unilever is producing here.

All of Kenya export are of no use to Ghana... So you will have to start producing things that better serves Ghana needs.
That is what Afcfta is about

rvp2018:
I thought you were happy to host AFCTA? Not happy to trade?

you have to trade something worth while than tea...

It has no value here....

Egypt will be a real deal to Ghana

rvp2018:
Ghanian company ordered for Tea. Tea is most consumed beverage after water in the entire planet.

I thought African traveller already educated you that Tea is not a popular beverage here..

So that statement is not true in Ghana.

rvp2018:
Kenya import of cocoa and cane rat is zero. Look for something to export to Kenya - even if it's kente dress - so far we have positive trade balance - batteries and tea

childish as usual

AfriqueDuZuid:
That's what baffles me exporting tea to Ghana, Ghanaians are not tea or coffee drinkers.

Sense has left him

rvp2018:
I mean this food exported on it's way to Accra now

Ghana total tea import is half a million dollars per year

Look for something else in your food debate

AfriqueDuZuid:
That's basically tea and coffee

Ghana total tea import is half a million dollars per year

rvp2018:
That was 2014-2016.

Today, approximately 16.6% of rural Ghanaian households rely on pipe-borne water as their main water supply, with 11% obtaining water from public standpipes (SPs) and the remaining 5.6% from private or shared household connections (GSS, 2014).

Which one was 2014-16?

I'm referring to Kenya recent livings standard report in your census where where almost 60% of people rely on open bodies of water while the remaining rely on tankers, water sold in gallons, boreholes and only 10% have pipe water



You do realize that less than 30% of Ghanaians are rural dwellers right?

rvp2018:
Biomas (charcoal+firewood) will continue to be main source of cooking for quite some time in rural Africa. We should focus on making it more cleaner and efficient - and embracing commercial tree farming to replace it. You can focus on reducing thermal (diesel oil) that you generate most of Ghana power first.

all Ghana thermal units run on natural gas

Focus more on using there water you pump into the earth to supply thirsty Kenyans who rely on streams as source of drinking water

There's always something new


https://www.youtube.com/watch?v=JGOz6fMcdvc


https://www.youtube.com/watch?v=5s7CtLDm-dE

obaaderemi:
According to UNhabitat, 70% of Kenyans live in slums.


https://www.google.com/url?sa=t&source=web&rct=j&url=https://unhabitat.org/sites/default/files/download-manager-files/UN-HABITAT%2520and%2520Kenya%2520Slum%2520Upgrading%2520Programme%2520%2528KENSUP%2529.pdf&ved=2ahUKEwjCu-m14dP6AhUM6aQKHehBDTUQFnoECDMQAQ&usg=AOvVaw0sL0vwOrRd88E3TFIuwNZo

next excuse will be, it is not 2023 report

Mkenya2019:
Fuel and Maize subsidy all went....it was a bad idea from get go. They were introduce this year for political reason as desperate Uhuru tried to bribe the public.

As regard IMF - we took 2.5B loan - Nigeria took even bigger one - and it comes with conditionalities.

I am glad we took it earlier than poor Ghana who are now desperate for it.

You think everyone is poor like you er

Ghana never needed and as at now, Ghana does not need it because the problem facing Ghana now is Liquidity

obaaderemi:
One would think the removal of the fuel subsidy was Ruto's doing.

Kenya is in the pocket of the imf.

Good you know

GeneralDae2:
I thought this was worth sharing. The currency crises and debt burdens around the world would only get worse.



https://www.youtube.com/watch?v=uO2HC2YJDwc

exactly so... Everything has been set up for the introduction of Bretton wood 3.0

obaaderemi:
He shouldn't be blowing lies for us here.

it is always good to expose him else he will repeat the lie over and over again