₦airaland Forum

obaaderemi:
Lebanon rising in Africa.

I pray they don't get there because their region is a messy place already

Shma2022:
Man, just rest. You don't know what you're talking about.
This is your currency trajectory against the Kenyan shillings.
If equate with the universal currency, it's worse.

you see why you're just dumb..

Since you're focusing on exchange rate.... You still need 12 kshs to get 1 Cedi, unfortunately there's no trade between both countries to have a direct comparison.

In value terms it is even worse because you'll need as much as 30 kshs to get the value of a Cedi.. This is part of the reason why there's a higher standard of living in Ghana than Kenya

rvp2018:
Mad goat bleating bla de bla on stuff he can barely understand.

madness of a bumb person

Keep wailing like a goat

rvp2018:
Somethings are beyond your level.
1 dollar is 144yen. Is Cedis stronger?
The strength of currency is STABILITY.
The strength of an economy is STABILITY
STABLE PREDICTABLE MACRO ECONOMICS.

Fix the fundementals otherwise it\s not even 10yrs when you redominated to a dollar

Now it's lost 1000% its value in 10yrs

There's a reason why the Japanese yen is more valuable than the Cedis and it all comes down to the money supply( inflows and outflows) while the Cedi has a better exchange rate than the yen.

Same can't be said for the kshs as it supply(inflows out flows) is lower than the Cedis and worse of all, it trading volume is non-existent..

The strength of a currency is tradability
The strength of and economy is trade volume


You see why you have no knowledge of economics?

rvp2018:
Mad cow ranting will not stop Ghana from sovereign default. Kenya economy is Africa most resilient. How do you survive with base rate of 25% - that is how much desperate Ghana gov is willing to borrow - and there are no takers.

I dont pray but I would pray for Ghana

Ghana will not default.. as I am speaking, she is busily buying gold and printing money ....

Kenya economy is one of the weakest economy on the continent, highly bloated hence has no trickle down effect on it population.

I pray that Ghana doesnt end up in the debt cycle that Kenya has found itself where it is now paying wages out of acquiring more debt where you only see a face value growth which has no effect on the real economy.

Your country is in a deep shit and if nothing at all, the two IMF programs it has signed into should tell you something.
Things are only going to get worse for you guys especially when your govt can't spend anymore.
By 2024, your country liabilities to international finance houses will have reached 15 billion dollars per annum. 74% of your revenue is already gone.. imagine how much it will be in 2 years time

rvp2018:
Mad cow - It most useless currency in the world now. Value of a currency is not in redominating to a dollar; It will still go back to 50,000 cedis to dollar. Your currency has now almost lost 100% of it's VALUE with two months to close the year . And your salary has not been increased 100%.

Once you default; it will shoot to 50,000 cedis to 1 dollar - HYPER INFLATION.

dumb cow tantrums look bad on you

Fortunately it is among the 5 most valuable currencies on the continent. It has made the worse loses for this year in trading .

The Kenyan shillings is now at hundred and what?
Let me jump into your bumb level to taunt you a bit.


You see how your cost of living crisis has fallen deeply on your population and made them even more poorer ?
That is all happing because of the throwback hyperinflation in the Kenyan economy. What your country is facing is price inflation and it terrible effect on your population is damning

Same can't be said for Ghana while Ghana is facing monetary inflation whose effect does not normally translate into pricing as quickly as price inflation

rvp2018:
Budget deficit is dropping annually - and our revenues are increasing at double digit - and economy grew at 7.5% (projected this year 5.5% despite election & global crisis)- the base lending rate is 8%. Kshs has only depreciated by 18% - the worst in recent history - and very good globally.

Ruto is going to soon unveil supplementary budget with a whooping 300B Kshs budget cut - and we will balance the budget in two years.

Kenya is not Nigeria or Ghana - we take hard decision way before things go south - and we know what prudent public finance is.

We have debt crisis that we will fix 1) reducing the budget 2) reducing borrowing 3) growing tax revenues - while growing the economy.

let me just laugh

You have a debt crisis you can't fix after several restructuring
Your are in 2022 and 15% of your budget is still dependent on aid. Someone else is deciding if your hospitals will be running or not, whether you will have an education or not, whether you'll have water or electricity or not.

All those aside, you have a humanitarian disaster on your hand as well as a social crisis .

That is how funny you country is

rvp2018:
Cedis as we speak is what 11 to a dollar

Cedi Depreciation Intensifies: $1 Sells For GH¢10.98 At Forex Bureaux In Accra On October 7 Read more: https://yen.com.gh/business-economy/money/218439-cedi-depreciation-intensifies-1-sells-ghc1098-forex-bureaux-accra-october-7/

Still valuable than shilling



Next excuse

Shma2022:
I gave you reality and a foreseeable outcome. The reality is that you're doing 86%.
The meticulously calculated future debt to gdp for year 2022 is 104%.

Know the difference!

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-

I will not talk about your Zimbabwean currency. It's doing better than the cedi at the moment.

But form the bottom barrel level of kwacha is were you're heading.

repeating won't help you venezuelan zoo man
402 billion cedis debt

Your shillings is not trusted hence your central bank management .. they will keep babysitting your currency driving every Kenyan into deeper poverty despite the immense benefit of a floating currency ...

I didn't expect life to be that deplorable until I decided to take a look at the living standard of Kenyans.

Shma2022:
Take your doze and sleep, Zimbabwen man.


The Ghanaian cedi has dropped by a whopping 47.10% against the US dollar since the start of the year.

Since January, the cedi has rapidly depreciated against the US dollar, making it the world’s second-worst performing currency after the Sri Lankan rupee.

Also, Ghana’s inflation advanced faster than projected in July, as the value of the cedi fell, raising the cost of imported products such as cooking oil and gasoline.

Your mini zoo needs redemption.

how is your venezuela doing zoo man?

While Ghana inflation jumped, it had a lesser impact on the average Ghanaian because the everyday need of the ordinary Ghanaian is mostly provided by the Ghanaian economy itself. The power of being an export led economy...


The double blow of inflation and depreciation dealth a disaster on your economy which has sent more Kenyans into poverty and starvation. This is all because your economy is import dependent

Shma2022:
Soon you'll be hiring a lorry to carry your money. Don't think it's a joke.

Your currency at the moment is worthless.

That will not happen because my money retains lot of value ... It will even hold greater value with the current central bank gold purchasing scheme.

You Kenyans are the ones requiring lots of notes to buy bread.

Until you come to under currencies, you won't know how worthless the Kenyan shillings is. You think your central bank made it a managed currency for no reason?

The Nigerian naira seized being a managed currency in 2016 into a floating tradable currency and today it is more valuable than the Kenyan shillings with it current level of trust

Shma2022:
Zimbabwe man, keep wailing. This is 2022 IMF report. Just like WB 104% speculated figure, they are not mincing any words.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

https://www.imf.org/en/Countries/GHA/ghana-qandas#:~:text=Back%20to%20Top-,Why%20is%20Ghana%20requesting%20an%20IMF%20program%3F,to%2080%20percent%20of%20GDP.

Your zoo is a disgrace to wakanda fraternity. You should give that gold to hardworking nations like Kenya and watch the pace. You can't be resource sufficient and wallow in debt at the same time.

Yeah speculation and reality



Your zoo is busy undergoing a 6.3 billion double IMF package over the last 12 months all because of a 74% debt to GDP ratio.

Yet you want to compare yourself to a country that manage to reduced it debt ration from 86% to 68% by mere economic growth without an IMF package? Good luck


Kenya despite all it resources couldn't get itself out of it stupid debt trap because you guys borrowed without thinking hence a 12 billion dollars yearly debt servicing cost... That is a 12 debt disaster looking at your ability to pay back.

Shma2022:
Zimbabwe man, calling me other names will not pull you out from Zimbabwe syndrome.
Try to be original.

World bank are not fools to project your Debt to gdp at 104% next year.

https://www.businessghana.com/site/news/business/271892/World-Bank-classifies-Ghana-as-high-debt-distressed-country-Debt-to-GDP-to-hit-104-per-cent#:~:text=The%20World%20Bank%20has%20classified,by%20the%20end%20of%202022.

expectations and reality ain't the same
Venezuelan man

Get over your country desperate debt situation 80 billion dollars is not small money... Anyway, what did you guys do with it?
Because it wasn't like the life of Kenyans improved.

Your access to electricity is still at 50%
Your tarred roads below 20k km
Your dependable electricity capacity at 1,800mw
With just 17% of homes connected to water in your country
With only 700km of SGR, last I checked.


So how did you balloon that kind of debt?

Shma2022:
I posted IMF lending history. You posted a blog that captured tiny part of debt history.

If you want me to repost, I will do it.

I like the way you deflect

Shma2022:
Zimbabwe man, you have the weakest currency on planet Earth. If you understand economics very well, you know what is about to hit you.

Don't project your flaws to thriving nations like Kenya. Wait for Nigeria to re-colonize and bring you back on track.

Actually I have one of the strongest currencies on the continent... But as usual I don't expect you to know that....

If you understand economics you will no that taking an exchange rate beating allows your to adjust... While it affect your debt, the exchange rate absorbing the shocks permit your economic growth from taking the hit... With an economics growth, your economy is more than capable of paying the debt.

This is what the Kenyan economy couldn't do hence in an attempt to keep managing it currency to bring some level of trust to it economy and prevent social collapse, it real growth took a beating and it ended up at IMF last year after so many years of defaulting on debt.

Shma2022:
Zimbabwe man, you can only lie to your useless pigmies.
In 2019, ghana was doing 68%. In 2021, you're doing 76%, and currently; 2022, you're at a whopping 86%. With the weakest currency in the world.

hellow venezuelan man


As you can see, this is 2022 and it is back down to 68%.... I know the reality hurts you but it still remain the reality

This was publish just this October....
Cry more, it won't reduce your country debt from 74% which has driven you to the IMF

Shma2022:
I gave you Kenyan lending history vs ghana lending history from IMF page, as usual, you sneaked away from the topic.
Ghana is the grandmaster of debt.

You forgot that I was the one who first posted the debt history of both countries before you had to enter your denial mode


Typical kenyan

Shma2022:
Go and deal with your weak Zimbabwe-like currency.
Prepare to ferry cedis on a pickup to buy a loaf of bread.
Your zoo will be colonized by Nigeria for redemption. I foresee that.
Once you sink into that trap, there is no going back. Ask Zimbabweans

You're the one dealing with a Zimbabwe economy that makes Kenyans poor every year without any transformation in the living conditions of Kenyans over the last 10 years.

You're the ones who need wheelbarrows to go and buy just bread and that is if you're lucky to find bread on the shelf.

When a Ghanaian needs bread, he needs just 5 cedis to get a decent 500g bread

obaaderemi:
That country is hopeless. The only reason it has not been torpedoed is because of the Safari there that the rich own, maintain and visit.

They are counting on a new tourism drive called Kenya the real deal to salvage their country...hoping for the same successes Ghana chalked with it year of return.

But how will that happen when Kenyan workmanship looks like this?
I now understand why they are easily excited by pavements...
It is a miracle to find good pavement there

Shma2022:
Zimbabwe man, your debt to gdp is expected to hit 104% next year.

~ world bank

Expectations and reality ain't the same...



It has already dropped from 78% to 68%
It will drop even further by next year as the economy has perform far better than expected.


Your country debt to GDP currently stand at 74% with foreign debt accounting for 51% of all debt.

Your constant default on debt obligation is what took you to the IMF

Shma2022:
Your debt to gdp is 86%

Zimbabwe man.

Keep crying

How is the IMF program going?

68% as at July in the latest October Economic review
Ghana total debt of 54.4 billion dollars

Shma2022:
The emboldened are lies. Don't cry. We gave you correct information. Don't be desperate to post rumours.

I know how you guys blindly deny

Shma2022:
Wrong, foreign debt constitutes 86% of your debt.

You have drawn more money from the IMF than Kenya.

You have more outstanding IMF debt as compared to Kenya.

You have gold, and that makes me wonder how you guys manage your zoo!!

I know economic is not your strong suit...

First of all, Kenya has drawn more money from IMF than Ghana
Kenya has been to the IMF 24 times
Kenya has more outstanding iMF debt to the tune of 6.e billion dollars

Shma2022:
Zimbabwe man. How do you survive with cedis

Kenya entered the Zimbabwe mode 4 years ago when it defaulted on it loan obligations and now under 6 billion IMF double package.

Ghana has almost already whethered it storm with debt to GDP at 68% without at default.

rvp2018:
Focus on your debt default. Not diversionary tactics madman.

crazy boy...
Debt default ain't possible here ..... Don't think every economy is weak like the Kenyan economy that has been defaulting on it debt obligation leading to several restructuring to make it easier for you to pay..

Even after that, you ended up with two IMF program to the tune of almost 6 billion dollars.
How is that working out? We've not even began to talk about it ramifications

rvp2018:
Not when you took lots of foreign debt - in dollars. Your foreign debt has increased by 40% thanks to CEDIS depreciation. You're going to a very very BAD PLACE. Wait for the chain catalytic atomic reaction to a DEFAULT. Ask Sri Lanka for lessons. Soon buying a bread will become impossible - as dollars will evaporate - you'll resort to full time hunting of cane rats for survival

foreign debt constitute less than 45% of our total debt.

Fortunately for Ghana, a default like Kenyan has had over the last four years which has led to constant restructuring of your debt is not possible here.
The kind that has led you into two IMF bailout in the space of just 12 months without which your peanut economy would have cascaded Into Bater trading.

Over the cause of 6 months, 3 billion dollars has dropped into Ghanaian coffers which just proceeds from oil and cocoa that has not yet been invested .. that alone is enough to pay Ghana's debt interest and amortization..

Your country does not have that so it is currently relying on IMF 2.3 billion dollars as budget support and wage payment while it's forfill it obligation to it debt providers using 74% of revenue.
Next year will even be worse for you

rvp2018:
Focus on your Zim like economy. Soon you'll need a wheelbarrow to carry cedis to buy bread.

The cedi is the worse performing currency in the whole world next only to Elsavador.
Cedi depreciatn is the worse in world.
Ghana's infln is the highest in Africa.
Ghana's debt rating is worse in Africa.
Ghana is on the brink of default.
Is ghana the only country in the world

I'm focused on the real living conditions of the citizens since that is what indicates the real power of the economy.

What can of life an economy that only connect 50% of it population to electricity in the 21st century provide for it people.?
What kind of life does it provide when 45% of it people sleep in dusty shacks?
What life does it provide when 25% do open defecation?



Ghana debt to GDP is at a lower 68% which is lower than that of Kenya.
Ghana Cedi is a free floating currency which makes it better at insulating the economy especially for a going export dependent economy. T[b]he Kenyan economy is a heavily import dependent one with a managed currency which can't has failed at protecting your economy hence the 24 IMF bailout[/b] without it, there will be a greater starvation disaster on your hand than you currently have because then Kenyan populis are too lazy to be able to weather that base on pure economic engagement.

rvp2018:
Madman - your economy is GONE. You have overtake main Zoo Nigeria - to become the ULTIMATE ZOO!!!!!!!!!!!!!!! Now wonder Nigeria Intituiton is not to take Ghana seriously - it's like tanzania to kenya - we know by default they are retarded.


(Ecofin Agency) - Ghana’s debt could rise by 26% to 104% of GDP this year -due notably to a strong depreciation of the Cedi, which is one of the worst performing currencies in the world currently. Also, there is news about a new economic program being negotiated with the IMF. In that light, the main fear now conveyed by Moody’s and similar rating agencies is the idea of a debt restructuring, which they assimilate with a debt default.

After Fitch, Moody's also downgraded Ghana's credit ratings, fearing a public debt restructuring with the country getting into advanced discussions with the IMF, its last chance to contain rampant inflation, which is seriously affecting Cedi, the national currency.

Concerned that the ongoing negotiations between the government and the IMF could lead to a financing program that would include a request for the restructuring of public debt, the rating agency decided to downgrade the long-term issuer rating and senior unsecured debt from Caa1 to Caa2 (highly Speculative Category). [/b]The agency warned that the country has been placed[b] “on review for downgrade.”

"Such a restructuring would likely be considered a distressed exchange and thereby a default under the rating agency’s definition," explained Moody's whose rating actions (along with its peers), are increasingly contested in Africa.

fortunately Ghana debt to GDP has now dropped to 68%

rvp2018:
Get a grip of yourself mad man and take your med.

tantrums of a dumb guy whose country is deteriorating right before his own eyes...


How do you live in a country where only 9% of houses are connected to pipe water and only 9% are connected to sewage while the rest rely on pit lattrines and dug out as well as open defecation?

How do you manage with 45% of your people living in shacks doing hand to mouth ?

rvp2018:
Madness one. Your country is going to the dogs.Soon you wont afford to buy bread

I know what your tantrums look like... Better start facing your realities than screaming your usual madness here.


Kenya has been in the dogs for w years now.... Have you wondered why your poverty has increased by 10% and the reason why the number of starving Kenyans has hit 12 million?

The Ghanaian economy is far resilient such that even in the face of difficulties, it still provide transformational growth for each and every Ghanaian to rise on the economic ladder as was shown on our latest living standard report.

rvp2018:
Actually, you have bigger problems than pride. You're about to go into a crisis that will take 10yrs minimum to fix.

Not really so... We are not Kenya

Maximum it will take is Two years for us to resolve our current challenges and while at it , we don't have to suspend development like Kenya that have no fiscal space to carry out development for the next 5 years.


By the end of your t years freeze on development, more Kenyans would have dropped even further into deeper poverty.

rvp2018:
Ghana base rate is 25% - somethings are hard to believe In August, Ghana's consumer price inflation reached its highest level since 2001, accelerating to 33.9% year-on-year from 31.7% in July. Cedis has depreciated by 40% against the dollar - that mean nominal GDP has almost halved to 40B DOLLARS and GDP per capita is now on verge of going to LDC

Ghana Hikes Rates to Highest Level Since 2017 on Inflation Risks
Bank raises rate by 250 bps to 24.5%; survey est. was 23.5%
Inflation in Ghana accelerating at fastest pace in two decades

And they havent revolted

These Ghanians are the most resilient human on earth - suffering and smillings.

Thanks that you have little knowledge of economics and how things work..

You had this same Convo with the south Africans and we all educated you here on how things work..

Anyway, by the close of year, Ghana's GDP will be at 90 billion dollars.

Kenya is still struggling to pick up it per Capita from the LDC limite of 1800 dollars ... Atleast work hard.