Mdntiri's Posts
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Wizzzzmike:Wizmike I'm Ghanaian. I live in Ghana, I have Nigeria in-laws. I'm just stating "facts" as I know them. Every country has pros and cons |
YoungRay007:. Some pros I see for "easy" money making in Nigeria are your large population, you have more rich people, more "millionaires", whether good money or fraudulently earned, things are cheaper in Nigeria, fuel is cheaper in Nigeria and by consequence transportation, food, housing etc is cheaper, there's lots of import of stuff so things are cheaper, buying and selling moves faster in Nigeria, there's market for everything in Nigeria. I've seen your slaughter houses sell everything on a cow including the blood, undigested food in the stomach, the toilet etc. There's not that much diversity in Ghana. Nigerians are big spenders Some cons I see are your large population may not actually be rich. I've read reports here of 99 percent of Nigerians having less than 500,000 naira in their accounts. There's also the "poverty capital" thing. You have about 40 percent poverty rate, Ghana has about 20 percent. There's insecurity, epileptic electricity supply. There're lots of entrepreneurs in Nigeria so the system is choked. Plenty People are chasing fewer money Ghana is expensive. Only Accra, Kumasi and Takoradi have 1 million people and over. There's a lot of supply here, less demand for stuff. It's EASIER to export stuff from Ghana than Nigeria, and it's one reason why the cedi is strong because our exports are diversified. The name Ghana has become attractive and there's lots of demand for Ghana made stuff by African Americans/ Ghanaians/Africans in the diaspora like our prints(kente), chocolate, food, soap, etc I don't know about how much money is in our bank accounts but our mobile money accounts is worth 68 billion dollars (2015-2020), some rate it higher. Lots of people/businesses move tremendous amounts of money through the mobile money platform Ghana has a virgin, growing market, so there's lots of opportunities to make money, people are coming here for education/holidays etc. House owners here especially in Accra qoute outrageous charges, take 2 years advance, can charge practically anything for their houses. They make good money TOURISM is a big seller here. There's a growing Nigeria population here and businesses targeting them fetch tidy profit. My Nigeria-Ghana cousin has quit her good job at Guinness and is making fruit juice and making big profits. She sells to middle class people. If too many people start doing her type of business she may not make good money. Artisan masons, tilers, etc in Accra, Kumasi are making good money. They pay no taxes, there're plans to tax them. Ghana is expensive, so you may make good money but expend a lot of it on fuel, housing etc. I think it's easier to make 1000 dollars in Nigeria than Ghana. Nigeria's insecurity is a major problem. Some of my Ghana uncles came to Nigeria, got jobs, made money, bought cars etc. They wouldn't have gotten same in Ghana. But that was years ago. |
YoungRay007:You're missing the point. I've given you an EDUCATED reason for ranking Africa's strongest currencies. If the yen for example consistently performs better than the euro, to the extent where you need more euro for fewer yen, then the yen has become stronger than the euro. Lots of currencies are stronger than the dollar, but the dollar has world wide appeal, and people choose to trade with it. Aside the demand and supply factors affecting currency strength, inflation etc also determines currency strength. In your ranking, and in the ranking I provided, the cedi is a better performer than the naira, so your old question on the cedi-naira strength is answered. I'm Ghanaian, but if the rankings that put the cedi third best in Africa is not true, I'd point it out. These rankings are even unstable because the currencies are changing positions month after month. |
YoungRay007:___ I'm posting this from www.myjoyonline.com/africas-top-currencies-cedi-places-9th/?param= Economy Africa’s top currencies: cedi places 9th Source: Charles Nixon Yeboah 28 September 2021 9:35pm The Ghana cedi slipped one place to the 9th position out of 15th top African currencies. According to Joy Business tracking of the performance of African currencies so far this year, the local currency has not fared badly at all. In August, the cedi was ranked 8th among Africa’s top currencies with a depreciation of 1.30% to the US dollar. This was after it had appreciated against the American ‘greenback’ in the first six months of this year. The Namibian dollar however dislodged the local currency from the 8th position after an improved performance against the American currency in September 2021. But the cedi is expected to gain some value to the US dollar soon. This is because the first tranche ($750m) of the $1.5 billion Cocoa Syndication Loan will hit the account of the Bank of Ghana next week. It will help reduce the recent pressures on the local currency. Governor of the Bank of Ghana, Dr. Ernest Addison said at the Monetary Policy Committee press conference that the Central Bank has been doing its best to stabilise the cedi. “You will see that the Bank [BoG] has been fairly active in the forward market. We raised the bi-weekly intervention from $25 million every fortnight to $75 million, and we did that for I believe three consecutive weeks. This was because we thought that the market needed that particular support. And we did that without compromising our reserves and I believe that is the best way forward.” On the continent, Zambian Kwacha maintained its lead as the best performing currency with an appreciation of 28% to the dollar. It is followed by the Ugandan shilling and the Egyptian Pound. Both had appreciated by 3.1% and 0.14% in value respectively to the American currency. Rankings of African 15 top currencies COUNTRY CURRENCY YEAR-TO-DATE PERFORMANCE Zambia Kwacha 28.3% Uganda shilling 3.13 Egypt pound 0.14%% Tanzania shilling -0.01% Morocco dirham -1.06% Kenya shilling -1.10% Angola kwanza -1.70% Namibia dollar -1.72% Ghana cedi -1.78 South Africa rand -2.68 To know the strongest Africa currency, you can look at the performance of the currency (did it lose or gain value) against the dollar from Jan to Dec. You can do a say 3 or 5 year historical analysis of the various currencies' performance against the dollar to declare Africa's strongest currency. This's what myjoyonline has done for the year of 2020/2021 |
Emergingnation:What is skull mining? |
[quote author=YoungRay007 post=107494818][/quote]Forget about the website. I've seen several websites make such infantile/simplistic rankings. Take this example. Ghana redenominated her currency and removed 4 zeros, so 10,000 cedi became 1 cedi. The value of the currency is the same. Supposing we removed only 3 zeros, and nothing stopped us from doing that, and 10,000 became 10 cedi. Currently the cedi exchanges at 1 dollar to about 6 cedi. Now let's say Ghana removed 3 zeros and the cedi became 1dollar to 60 cedi, do you know the cedi won't rank at number 3? It's go further down the ranking. Because 60 is "bigger" than 6 cedi? But is 6 cedi not the same as 60 cedi? Same as 600 cedi? Same as 60,000 cedi or 6000 cedi? Because the value is the same? That's what the rankings are doing. They see Ghana's 6 cedi, they say it's "better" than Botswana's 11 pula etc etc. What's the true value of the currency? |
[quote author=YoungRay007 Op check myjoyonline.com for a proper ranking of Africa's strongest currencies. They looked at the various currencies' rate of depreciation or appreciation against the dollar year-on-year to arrive at that conclusion. Not whether a currency that exchanges at 2 whatever to a dollar is better than one which exchanges at 6 whatever to a dollar. The Zambian kwacha is the strongest on the continent, appreciating by about 27 percent against the dollar. The Ghanaian cedi is 9th in Africa, not 3rd. I'd look for the full list and post it here. |
rigarmortis:6 cedi equals 1dollar not 100 cedi. |
[quote author=YoungRay007 Op you're wrong with this ranking. The list of the strong African currency rankings are wrong, they're too simplistic, they only look at face value of the currencies, not their RATE OF DEPRECIATION/APPRECIATION AGAINST THE DOLLAR YEAR-ON-YEAR So Ghana's "small" 6 cedi giving you a dollar is not better than Nigeria's 410 naira giving you a dollar. 410 naira is the same as 6 cedi. Ghana's 6 cedi is actually 60,000 old cedi |
Hartme:Go to Mountain of fire and miracles ministries. Or go to Hand of God church of all nations in Dzodze Ghana. Or buy VIKIL 20, it's a powerful immune system booster made in Ghana that's alleviating a lot of ailments. |
Judybash93:Ghana's beautiful. With lake Volta (largest man-made lake by surface area), the hills along the lake, the Wli waterfalls (highest in West Africa), I've not seen any decent "vertical" waterfall in Nigeria, the numerous slave forts along the coast (the largest collection in West Africa, the biggest around), the Mole national Park in the north that offer decent West Africa type safari, the numerous beaches, Accra's sunny environment that looks good on people/buildings etc etc What's left is to build high rises, deliberately beautify Accra/Kumasi's skyline etc |
[quote author=travelwaka post=107269554]Lalasticlala Ghana is really a beautiful place[/quote Why is the horn blower parts empty of water? It enhanced it's beauty. |
Ovo200:I hear the queen eats organic food, don't know how true |
ishadfurnitures:How did you get Ghana cocobod jute bags? |
Preciousgirl:Precious girl please stop embarrassing Ghana with these your Ghana posts, please, I beg you in the name of God |
Morningblues:Morning blues STOP the stupidity. Where did the story mention Ghana about to legalize homosexuality? It will NEVER happen |
Sharatan:She's beautiful with or without hair |
Angela4life:Report the police officers who refused to act on your issue to Police Intelligence and Professional Standards Bureau (PIPS) at the police headquarters, or on their website or twitter page. Or call any of the media houses in Accra and report the issue |
Linderbalogun:Are you in Ghana? There's a radio station in Accra here called Atinka fm 104.7 FM who run a show where people who have scammed others in the name of religion, or who are victims of "religious scam" come to narrate their experiences. You'd be given anonymity. Please contact them. |
SSIPON:Sipon stop fooling |
feelgoodstuffs:This is what you Nigerians do creating short cuts, bribing your ways through, messing up genuine processes, next thing you know nobody wants to deal with you people and everybody suffers. |
Hunter2009:WHERE did the programme happen? Which church? Owned by who? Who invited the Nigeria guest pastor and the other dignitaries? How many days did the programme last? I see prayed for the "futility" of the land. You mean "fruitfulness?". National Democratic CONGRESS chairman. Please rewrite this report. The Ghanaian church that organised the programme (HOGCOAN) is modeled after T B Joshua's Synagogue, and is doing well; please write a good report and acknowledge them/their leader |
The dominant white colour, the spacious nature of the Kotoka airport, especially the new international terminal is very beautiful. The Murtala Airport building is very big, and would look prettier in an all white colour. The rest of the airports don't impress me, they look too small |
staga:Obviously |
malcom1X:We should still make noise. Even if they'd cash out they should at least put a "human face" to it. Ghana used to charge a whopping 150 dollars for covid, until agitations brought it down to 50 dollars now |
saracen:And what are they doing about the situation? So is it the Frontiers (Nigerian-owned covid testers) people who are faking some of the results? Im getting the impression that some countries/people are deliberately "cashing in" on this covid thing to enrich their pockets/economies. In the case of Ghana maybe if there're no "fake" covid results some of these hotels won't get clients? I don't know The billionaire Peters man I'm learning has been living in Ghana since 2015. Why he got the covid contract and not our equally competent Noguchi centre only God knows |
Xpol:Xpol there's real hate and there's the brotherly competition thing too on both sides. And these are informed by what people see, experience, perceive etc from both sides Lots of Ghanaians especially older Ghanaians see Nigerians as criminals. You can be a renowned world famous pastor, doctor etc, so far as you're a Nigerian, to them you're a criminal, or capable of very shady stuff. And this perception is "informed" by what they've seen/experienced/heard. They'd hate Nigerians 2/3 years ago there was the unprecedented issue of Nigerians kidnapping and killing 4 girls from Takoradi. You can imagine the level of hate Nigerians suffered. There're Nigerians who think Ghanaians are xenophobic, think Ghana is a small insignificant country that shouldn't dare compare herself to Nigeria etc and hate us. It's what it is. You know the number of Nigerians who jubilated we didn't progress in the 2010 world cup? So the hate is there, the brotherly love thing too is there, people can pick and choose which one they should go in for. But of course on the governmental level, our leaders advocate for peace and love between us |
iamtardey:Nice one. I did my primary education in Sekondi-Takoradi. Best time of my life |
iamtardey:I am Taadi? Are you Ghanaian? |
Eljay1:Eljay1 did your Ghana trip happen? Please share |
200naira:This is sad to hear. I'm Ghanaian. I've seen your musician Bella Smurda, some diaspora Ghanaians, African Americans etc complain about some "fraud" in the covid testing. These issues are not really in the news so we don't know what's going on. Please try to get this published on Ghanaweb for more traction, contact our media houses Joy FM/tv, Citi FM/tv, the presidency on twitter etc to get them notified. I'd also be doing my part. This shouldn't be happening |
Babylove44:There're Nigeria Associations/Igbo Associations in Ghana, Nigeria churches MFMM, Redeemed etc in Ghana please contact them. Your High Commission too is here, contact them |


