₦airaland Forum

rvp2018:
The usual madness

rvp2018:
If you count backwater filling stations - you will get higher number. Definitely kenya consume more fuel than Ghana. Last I checked Kenya was doing 6.5 billion litres..Ghana about 5 billion...despite using a lot of it to generate electricity.

I can only imagine what goes on in the Zoo where everyone runs a generator.

Shma2022:
Yoh, Rvp has just listed 4,097 stations for you, and you're still bringing 2000 Ghanaian dwarf stations?

obaaderemi:
When he said that I knew he had lost it.

What they try to do often is to argue blindly for a long time about the same issue trying to wear you down with their stupidity. In the end they always bow to fact. It's a Kenyan trait.

samorobo:
I am on the ground

vankelvin:
Are you sure you want to compare the number of petrol service stations in Kenya to that of Nigeria?

vankelvin:
What I like most about this stadium is the colours.
Not the usual red, yellow, green and black colours we have with all our public sports facilities

theenchanter:
and I don't have the time to make him understand, I pass him to u.

theenchanter:
let me tell u what u don't know. If we decide to trade in dollar while adjusting our native currencies to match the dollar rate, there'll be problem of prices.

By the time u adjust ur tea price to the dollar to sell to Nigeria, for example, you'll find out that Nigerians might not buy ur tea cos it'll be more expensive than what we buy here, might even be costlier than importing from foreign countries.

U still don't have sense.

theenchanter:
u actually didn't make any sense, then u reverted to gold or USD and made everything worse.

rvp2018:
Lame excuse. If you dont like CEDIS you can always ask for dollars or gold. We have COMESA, EAC and others trading. You can change CEDIS to Kshs in airport of Ghana or Kenya as trade improves...in meantime we can take USD or gold. These are auxilary issues.

theenchanter:
don't forget that it's a continental trade agreement... So, if Ghana or kenya is trading with about 30 African countries, there will be demand for the 30 African currencies in Ghana or kenya

U don't have sense.

theenchanter:
the emboldened are things that needed to the sorted before rushing into the trade agreement.

I don't see it working sha.... But that's just my own opinion.

As for the currency, it's also very important because of the difference in exchange rate of African countries. If u sell ur tea to Ghana, what currency will u collect from Ghana? Cedis or KSh? Knowing fully well that there's exchange rate difference in the currencies.

Some countries will even cry over it, mark my word.

Shma2022:
He won't show his face again.

Lemme clear the bs.

Kenya's agricultural land is 28m acres.
Kenya's total size is 143.975 million acres.

For us to improve the agricultural land size, we have to pump billions into irrigation schemes and dams.

Shma2022:
I see both, now let's use 276,300 for the sake of progress.

How did you arrive at 54% using the aforementioned data?

Still waiting....

Shma2022:
You said 252k km² is 54%.

How?

Is this madness or dumbness

Shma2022:
I've disputed it.

And how can 252k equate to 54% Of arable land? ;

Show us the magic you used to arrive at 54%?

Waiting.....

Shma2022:
I've disputed it.

Shma2022:
Explain how. For what I know; ghana's debt service on external debt is at 2.5billion USD, Kenya is doing nearly 3B USD.

Lanes.

Also, our productive population will easily pay our debts. Government's new plan is to consume 65% of the taxes - that is 1.3trillion, serious business. That means the government funded projects(huge pr) will have to wait.

We need to hit below our debt ceiling before we can embark on serious business.

For now, all infrastructural developments will solely depend on private investors. And they are in a boom since the policy has been adjusted to favor them.

rvp2018:
Kenya ordinary revenues are more than 20b dollars..debt repayment around 8 billion per year..stop inventing your figures

rvp2018:
check debt servicing ratio..debt is repaid from taxes... Kenya ratio is not even at 40 percent.. Ghana is soon joining Nigeria at 100 per cent plus meaning being broke completely.Kenya problem is having to cut development or borrow to develop but we can meet our expenditures including debt repayment

Shma2022:
This is the fact.

The rest are attributed by irrigation schemes that we've pumped billions to facilitate.

Shma2022:
I want you to think, I hate silly and dumb submissions, that's why I'm pissed off with you.

You're just picking tiny substrata of everything then make a judgement.

For example,
Your typical way of thinking:

Ghana has a five star hotel, Kenya doesn't. So, ghana is ahead of Kenya.

Obtuse ness at it's core.

Shma2022:
86% =! 70%!!?

I mean, how is 86% equivalent to 70%?

GeneralDae2:
All countries at the moment have a debt problem. Egypt is also going to the IMF and South African debt to GDP is also around 80% ( very high).
My previous post was solely about IMF support in history over the years. My point is that Kenya has needed more support only second to Liberia. It matters little to me what type of support they needed.
The only real mistake Ghana made in the past few years in my opinion (in comparison to Kenya) is that they relied so much on Eurobonds the way Egypt, South Africa, and Nigeria did.
Egypt borrowed most from Eurobonds, South Africa second, Ghana third, and Nigeria 4th.
Ghana like the other three countries should have played with caution.
Kenya on the other hand also have a high debt to GDP close to 70% if I'm not mistaken.

Shma2022:
Dumb syndrome in display --- I'm not certain if this can be chronic glaucoma.

This is a Kenyan map. Take eyeglasses on my bills and help yourself. The map is even showing 20% arable land, not 30.

We need IMF more than you need it. We have climate issues. You don't.

30% of Kenya is like half of ghana.

As of 2022, I see you've just paid $8M, but your outstanding debt still intact at a whooping $1.3M.

Shma2022:
Sometimes you're a nuisance. L*cking @ss at the same time spewing misguided information. IGNORANCE AT ITS CORE.
Go check ghana lending history: start with the amount withdrawn, by GHANA; Outstanding debt by IMF, and then factor in other crucial aspects like pandemics and disasters, climate change, and calamities.

I hope we closed this chapter already.

Mhhh, since you just brought it, we'll string along.


Ghana has nearly half Kenyan population.
Ghana has 95% of the arable land - Kenya 30% or less.
Ghana has vast mineral resources. ( including the most valuable one)
Ghana has no terrorist borders.
Ghana has zero infrastructure worth talking about.

If you sum the above syllogistic reasoning; you should get zero debt - Morocco or SA-like, and a very thriving nation. But guess what; ghana still triumphs in that sector of BACKWARDNESS WHY?

Kenya experiences all of the above, the biggest one being climate change. Then talk of terror attacks, paltry mineral resources, and whatnot. To add to that; huge infrastructural development: Huge seaports, SGR, Airports, Roads, Skyline, buildings, huge military budget, etc. (* Ghana is devoid of infrastructure development, where does money go?

You can do better. Don't engage emotions in your argument.

Mkenya2019:
Going for a bailout is a problem as IMF will give you very tough conditions and literally run your country. Going for precautionary facilities when you see economic headwinds is part of prudent management. What does Ghana do - run to Eurobond or commercial loans - then 3yrs later with shame and their tail behind the legs - they run to IMF for the usual spanking.

Mkenya2019:
IMF was created for COVID like situations. Nobody imagined a country would be going to IMF for bail out every 3 yrs. You were in bailout in 2019 - and now you're inside - and want to take a big one of 3.5b...despite the gold and oil.