₦airaland Forum

As for petrol - it now 120 shs - half of it goes to taxes - half of it to ensure we get good fuel that meet standards and never run out - fuel levy on petrol is for well maintained roads mostly - which lead to less fuel and less repair. Nigeria does the opposite - there is fuel shortage, adulteration, knocked down engines, broken mechanics, inefficient engines - end of the day - you spend more!

rvp20182:
Equity Group - bought Congo second-biggest bank (will soon be the biggest bank). Equity Bank is one of the fastest-growing bank - and will overtake your Zenith or 1st bank in 3 yrs . Remember equity was not even a bank when I was in university 20 yrs ago. It was a building cooperative society.

Total assets rose to 1.02 trillion shillings from 673.7 billion shillings in 2019.

https://www.reuters.com/world/middle-east/kenyas-equity-group-says-2020-pretax-profit-drops-30-2021-03-29/

It now has overtaken KCB - who have nearly 10B - they are on 9.98 trillion Kshs.
https://www.the-star.co.ke/business/kenya/2020-11-27-new-acquisitions-set-kcb-in-race-to-sh1-trillion-asset-base/

The 3rd is the cooperative bank - run by kenya's africa largest cooperative movement - now more than 6B dollars you're talking about.

Kenya banks like Kenya co-orp do not just expand like idiots - I see from Nigeria - they make strategic profitable expansion - because again - the bank is staffed by brilliant Kenyans

Just watch both Equity and KCB overtake your banks in 3yrs tops. Once we get Ethiopia to OPEN UP HER 100M market - and to add to the Congo 80M market - - our banks will just be second to South Africa in SSA. Those two countries EQUAL Nigeria - and totally UNBANKED (like Ghana). We are circling Ethiopia - with most of our banks with representative offices - waiting for the Financial sector to open up - like Telcom has.

Then we have the Ghana mad man trying to compare Kenya with her country

why would I compare a broke kenya to Ghana?

Ghana is carrying out over 100 billion dollars in projects, it will take kenya a 100 years to be able to do something on that level.

Only a mad person like you, from kenya be here daily wishing kenya to be like Ghana with just words.
It takes hard work to get to where Ghana is.

Concentrate on doing basics first - like refining gold and stopping its smuggling by Chinese gangs - before you go to complicated stuff like banking, asset management, and investment - where you're toddlers.

Again your biggest Bank would struggle to make the top 10 in Kenya. Just mere 1.5B dollars in total assets by your largest bank! Even smaller countries like Rwanda have bigger banks than the joke of your country's banking sector.

What hard work when you're totally dependant on minerals? When commodities go down - you also go down like Zambia. The Cedis and Kwacha for a long time were classic examples of hyperinflation before Zimbabwe. How many zeros did you remove during your last re-domination? 10,000 cedis for 1 cedis

You mortgage your minerals to China - for MERE 2B dollars. Previously you even mortgaged farmers' cocoa beans to China. Who does that?

Kenya easily collects nearly 2B dollars per month in taxes and other revenues because we have a very impressive (by SSA standards) private sector - that not only kick-arse locally but also regionally - with most Kenya private sector doing almost 50:50 (Kenya market 50: regional 50). We are not informal like Ghana or Nigeria.

If you were to invest 100B - your country will not look totally undeveloped - with Kumasi as the capital - that embarrassing. And so is Accra.

If you had good banks, private investment and equity funds, venture capital, pension funds, insurances, capital markets, debt market, at the level of Kenya, they would invest in real estate (almost by default at 30% for real estate, capital market 30%, and keep some cash in the banks or as treasury bills/bonds) - and your cities would look much better.

Start from basic like cooperatives - and your totally informal economy - might start to crawl out of it's morass. Learn from kenya with 7th world largest cooperative movement - and definitely the 1st in Africa.

That way you might one day become like Kenya - the largest non-mineral economy in Africa - that is 89% semi-arid.

It's all about being better organized and using your brain more.

Just30:
why would I compare a broke kenya to Ghana?

Ghana is carrying out over 100 billion dollars in projects, it will take kenya a 100 years to be able to do something on that level.

Only a mad person like you, from kenya be here daily wishing kenya to be like Ghana with just words.
It takes hard work to get to where Ghana is.

Look at informal traders in Kenya with their own Sacco or bank. These traders, okada drivers, such kind in a small town called Gilgil.

They are at least 175 deposit-taking SACCOs in Kenya - mean they are equivalent to banks - some larger than Ghana Banks.


https://www.youtube.com/watch?v=46BmnYVWQPU

Kenya to present a 36B dollars budget
https://nation.africa/kenya/business/tax-pain-for-wanjiku-in-sh3-6-trillion-ukur-yatani-budget-3429260

According to the latest data from the World Council of Credit Unions (WOCCU), Kenya’s credit unions or savings and credit societies, have a total balance sheet size of US$ 10,048,671,112, reserves of US$875,938,666 held by over 8,033 credit unions with a membership of over 8,551,540.

The entire co-operative sector has a loan portfolio worth US$ 7.99 Billion and savings of more than US$ 6.728 Billion.

rvp20182:
Look at informal traders in Kenya with their own Sacco or bank. These traders, okada drivers, such kind in a small town called Gilgil.

They are at least 175 deposit-taking SACCOs in Kenya - mean they are equivalent to banks - some larger than Ghana Banks.


https://www.youtube.com/watch?v=46BmnYVWQPU

We already have 3 gold refineries

You guys don't come close to us in banking, so keep those noise to your fellow Kenyan.

Again, your top 10 bank would not appear in the top 15 asset management companies in Ghana because they are too small.

You are funny, if Ghana was totally dependent on minerals, it economy will be in tatters like the Kenyan economy that cannot produce jobs or make Kenyans rich.

The Cedi has always bested your country shillings and better performed than it. Hyperinflation is the reason why kenyans are so poor. That is why the shillings is in such a mess.

Sorry kiddo Ghanais not Kenya that has mortgaged it entire country to China just to build rail and expressway.
Yet your private sector cannot compete in any form to the Ghanaian private sector that is driving growth in the Ghanaian economy and regional markets.

Accra and Kumasi looks better developed than any part of your country. Your country has never surpassed Ghana in any form of development and Ghana's development is all over the country.

As for the 100 billion dollars in projects, it'll take your country a 100 years to be able to pull something similar.

Because we have better capital market, venture capital, pension fund (both private and public), better banks, and stronger asset management companies that is why our Real estate sector is so big and the number of homes that goes up in a year all around Ghana cannot be matched by Kenya, Rwanda, TZ and Uganda combined.

See this kid talking about cooperatives as if his country did not come and learn that from Ghana.you are funny because of cooperatives and other stuffs, Ghanaian farmers are far richer than Kenyan farmers.

Sorry kiddo, we will never be as despotic as kenya. Kenya can learn a thing or 2 about irrigation and maybe one day, it will become like Ghana where 90% of foodstuffs sold here comes from agriculture field in arid regions of the country.

Funny enough, Ghana is way more organized than your country and has more working brains and that is why we are a shining star on the continent and always has been.

rvp20182:
Concentrate on doing basics first - like refining gold and stopping its smuggling by Chinese gangs - before you go to complicated stuff like banking, asset management, and investment - where you're toddlers.

Again your biggest Bank would struggle to make the top 10 in Kenya. Just mere 1.5B dollars in total assets by your largest bank! Even smaller countries like Rwanda have bigger banks than the joke of your country's banking sector.

What hard work when you're totally dependant on minerals? When commodities go down - you also go down like Zambia. The Cedis and Kwacha for a long time were classic examples of hyperinflation before Zimbabwe. How many zeros did you remove during your last re-domination? 10,000 cedis for 1 cedis

You mortgage your minerals to China - for MERE 2B dollars. Previously you even mortgaged farmers' cocoa beans to China. Who does that?

Kenya easily collects nearly 2B dollars per month in taxes and other revenues because we have a very impressive (by SSA standards) private sector - that not only kick-arse locally but also regionally - with most Kenya private sector doing almost 50:50 (Kenya market 50: regional 50). We are not informal like Ghana or Nigeria.

If you were to invest 100B - your country will not look totally undeveloped - with Kumasi as the capital - that embarrassing. And so is Accra.

If you had good banks, private investment and equity funds, venture capital, pension funds, insurances, capital markets, debt market, at the level of Kenya, they would invest in real estate (almost by default at 30% for real estate, capital market 30%, and keep some cash in the banks or as treasury bills/bonds) - and your cities would look much better.

Start from basic like cooperatives - and your totally informal economy - might start to crawl out of it's morass. Learn from kenya with 7th world largest cooperative movement - and definitely the 1st in Africa.

That way you might one day become like Kenya - the largest non-mineral economy in Africa - that is 89% semi-arid.

It's all about being better organized and using your brain more.

Just30:
We already have 3 gold refineries

You guys don't come close to us in banking, so keep those noise to your fellow Kenyan.

Again, your top 10 bank would not appear in the top 15 asset management companies in Ghana because they are too small.

You are funny, if Ghana was totally dependent on minerals, it economy will be in tatters like the Kenyan economy that cannot produce jobs or make Kenyans rich.

The Cedi has always bested your country shillings and better performed than it. Hyperinflation is the reason why kenyans are so poor. That is why the shillings is in such a mess.

Sorry kiddo Ghanais not Kenya that has mortgaged it entire country to China just to build rail and expressway.
Yet your private sector cannot compete in any form to the Ghanaian private sector that is driving growth in the Ghanaian economy and regional markets.

Accra and Kumasi looks better developed than any part of your country. Your country has never surpassed Ghana in any form of development and Ghana's development is all over the country.

As for the 100 billion dollars in projects, it'll take your country a 100 years to be able to pull something similar.

Because we have better capital market, venture capital, pension fund (both private and public), better banks, and stronger asset management companies that is why our Real estate sector is so big and the number of homes that goes up in a year all around Ghana cannot be matched by Kenya, Rwanda, TZ and Uganda combined.

See this kid talking about cooperatives as if his country did not come and learn that from Ghana.you are funny because of cooperatives and other stuffs, Ghanaian farmers are far richer than Kenyan farmers.

Sorry kiddo, we will never be as despotic as kenya. Kenya can learn a thing or 2 about irrigation and maybe one day, it will become like Ghana where 90% of foodstuffs sold here comes from agriculture field in arid regions of the country.

Funny enough, Ghana is way more organized than your country and has more working brains and that is why we are a shining star on the continent and always has been.

How did you people manage to keep the cedis so strong against the dollars @ 5 cedis to a dollar?
The word going around is that you just removed some zeros from the former deplorable situation of the cedis.

obaaderemi:
How did you people manage to keep the cedis so strong against the dollars @ 5 cedis to a dollar?
The word going around is that you just removed some zeros from the former deplorable situation of the cedis.

by increasing export and doing import substitution to increase our hold on force.

What do you mean strong. This weakest currency.
First it was 10,000 cedis to 1 cedis when they pegged their currency to dollar.
That was last than 10yrs; It was 1 dollar for 1 cedis.
Now it 6 cedis to 1 dollar.
That depreciation of 600% after REDONOMINATION.

Look at Kenya - We have never redominated. Kenya currency was always 20 shs to pound/dollar except in 1993 - slow depreciation from 1963 until today.

We had hyperinflation that send Kshs 20 to 60!

Then Kshs got stuck at 63 - the 78 - then 85 and now playing around 100shs. This is in 60yrs!

Now Ghana in last decade has seen their dollar pegging 1:1 move to 6.

In fact it only the last year their cedis didn't appreciate. Maybe the banks were closed - and nobody could withdrew CEDIS to keep dollars.

obaaderemi:
How did you people manage to keep the cedis so strong against the dollars @ 5 cedis to a dollar?
The word going around is that you just removed some zeros from the former deplorable situation of the cedis.

June 2011 - Cedis was 1 dollar to a cedis; - After you removed 5 zeros from Cedis (10,0000 cedis exchanged for 1 cedis)
As we speak 6 cedis to 1 dollar.
That is depreciation of what 600% in 10yrs!!!!!!!!!
Hyperinflation.
Ghana and Zambia are twin in macro-economics - actually in political economy.
Zim is a misnomer.

Kshs has depriciated maybe by 20% during that period. Ghana 600%

Actually at some point in 2011 Kshs was 100 to dollar - so we have zero depreciation against the dollar - the last 10yrs.

Just30:
by increasing export and doing import substitution to increase our hold on force.

As always pure nonsense no worthy of a response. Talk about stuff you know. Kshs only experience problems in 1993-1994 - never had any serious issues before.

Just30:
We already have 3 gold refineries

You guys don't come close to us in banking, so keep those noise to your fellow Kenyan.

Again, your top 10 bank would not appear in the top 15 asset management companies in Ghana because they are too small.

You are funny, if Ghana was totally dependent on minerals, it economy will be in tatters like the Kenyan economy that cannot produce jobs or make Kenyans rich.

The Cedi has always bested your country shillings and better performed than it. Hyperinflation is the reason why kenyans are so poor. That is why the shillings is in such a mess.

Sorry kiddo Ghanais not Kenya that has mortgaged it entire country to China just to build rail and expressway.
Yet your private sector cannot compete in any form to the Ghanaian private sector that is driving growth in the Ghanaian economy and regional markets.

Accra and Kumasi looks better developed than any part of your country. Your country has never surpassed Ghana in any form of development and Ghana's development is all over the country.

As for the 100 billion dollars in projects, it'll take your country a 100 years to be able to pull something similar.

Because we have better capital market, venture capital, pension fund (both private and public), better banks, and stronger asset management companies that is why our Real estate sector is so big and the number of homes that goes up in a year all around Ghana cannot be matched by Kenya, Rwanda, TZ and Uganda combined.

See this kid talking about cooperatives as if his country did not come and learn that from Ghana.you are funny because of cooperatives and other stuffs, Ghanaian farmers are far richer than Kenyan farmers.

Sorry kiddo, we will never be as despotic as kenya. Kenya can learn a thing or 2 about irrigation and maybe one day, it will become like Ghana where 90% of foodstuffs sold here comes from agriculture field in arid regions of the country.

Funny enough, Ghana is way more organized than your country and has more working brains and that is why we are a shining star on the continent and always has been.

It hasn't helped cedis - which normally does 100% depreciation almost annually. The problem - nobody trust Cedis - most Ghanaian have bad experience with it - and so they keep dollars. It not easy to solve hyper-inflation.

Just30:
by increasing export and doing import substitution to increase our hold on force.

rvp20182:
June 2011 - Cedis was 1 dollar to a cedis; - After you removed 5 zeros from Cedis (10,0000 cedis exchanged for 1 cedis)
As we speak 6 cedis to 1 dollar.
That is depreciation of what 600% in 10yrs!!!!!!!!!
Hyperinflation.
Ghana and Zambia are twin in macro-economics - actually in political economy.
Zim is a misnomer.

Kshs has depriciated maybe by 20% during that period. Ghana 600%

Actually at some point in 2011 Kshs was 100 to dollar - so we have zero depreciation against the dollar - the last 10yrs.

You like to type nonsensical stuffs


The Cedi has always been a strong currency and it was never pegged to the dollar.

The Cedi was exchanging at 0.90 to the dollar since the 80s, meaning it was more valuable than the dollar.
Making export from Ghana far expensive in any African country .

In the first decade of the 21st century, the decision was taken to redenominate the currency to make it easier for accounting and by then it was trading at 0.95 to a dollar.

Ghana had a negative trade deficit by then so having an exceptionally strong currency was good for consumers but bad for the economy as foreign goods was more attractive than locally produced ones that were priced out.

This scenario had to be reversed to gain a positive trade balance and make Ghana export affordable and locally produced goods price competitive. So a gradual depreciation was allowed.

Ghana now have a positive trade with the rest of the world and the cedi has remained at 5.3 and 5.7 for 8 years.

And it is still more valuable than majority of the currencies on the continent.

rvp20182:
As always pure nonsense no worthy of a response. Talk about stuff you know. Kshs only experience problems in 1993-1994 - never had any serious issues before.

Kshs has always been in a mess and it is evident today in how it has made your economy unproductive.
While ranking in the bottom of currencies on the continent.

rvp20182:
It hasn't helped cedis - which normally does 100% depreciation almost annually. The problem - nobody trust Cedis - most Ghanaian have bad experience with it - and so they keep dollars. It not easy to solve hyper-inflation.

that's funny


Most Ghanaians have full trust in the Cedi and that is why they do transactions in cedi.

A gradual depreciation is not hyper inflation kiddo

Hyper inflation is what has been happening in Kenya for the last 40 years, where prices Have changed by a 1000% over the last 10 years. And wages largely remain stagnant.

Making more kenyans poor and the economy depent on import.

You're a cartoon just typing for it's sake

Just30:
You like to type nonsensical stuffs


The Cedi has always been a strong currency and it was never pegged to the dollar.

The Cedi was exchanging at 0.90 to the dollar since the 80s, meaning it was more valuable than the dollar.
Making export from Ghana far expensive in any African country .

In the first decade of the 21st century, the decision was taken to redenominate the currency to make it easier for accounting and by then it was trading at 0.95 to a dollar.

Ghana had a negative trade deficit by then so having an exceptionally strong currency was good for consumers but bad for the economy as foreign goods was more attractive than locally produced ones that were priced out.

This scenario had to be reversed to gain a positive trade balance and make Ghana export affordable and locally produced goods price competitive. So a gradual depreciation was allowed.

Ghana now have a positive trade with the rest of the world and the cedi has remained at 5.3 and 5.7 for 8 years.

And it is still more valuable than majority of the currencies on the continent.

Forget even your CEDIS inflation (that had to remove 5 zeros); if you inflation; both headline and baseline; annually you're double digit; often going as high as 20% yearly

Kenya inflation has always been 5 percent or around.
Interest base rate is now 7 percent
Commercial loans start at 13 percent (annualized - not west africa zoos of 20-40 percent)
Most Kenyans borrow from Saccos at 11 percent.

GHANA cannot and has not got there. It doesn't even ever get that close - it mess there. You're PRIMITIVE BLACK MARKET INFORMAL ECONOMY surviving through minerals.

You're comparing the poster child of public finance misimanagement and Kenya.

You're sick my friend.

You country took a very bad turn from get go. Nkurumah bankrupted Ghana with communism and Volta dam.

By 1962 - it was BANKRUPT AND BROKE.

For the next 3 decades - it had growth rate average of I think 2 percent - hyperinflation was rampant - everything was a mess - faminine name it - and you had to run to Nigeria.

Some of those challenges persist todate - mainly hyperinflation hangovers.

Kenya had a wonderful start to it's independence - growing on average on 7 percent until 80s Oil crisis - where growth average 4-5 percent - until 90s-2000s when we playing around 4.

Kenya then corrected the minor mistakes of 90s - and from 2003 has basically zoomed! We have reigned on pop growth that had undone our growth - and many bottlenecks - we are few years from a leapfrogging stage.

Next is for Kenya to overtake Morocco - and then it will be Egypt. South Africa. Nigeria. Algeria and Kenya in top 5.

Just30:
that's funny


Most Ghanaians have full trust in the Cedi and that is why they do transactions in cedi.

A gradual depreciation is not hyper inflation kiddo

Hyper inflation is what has been happening in Kenya for the last 40 years, where prices Have changed by a 1000% over the last 10 years. And wages largely remain stagnant.

Making more kenyans poor and the economy depent on import.

Ghana hyperinflation history - watch this video - top 10 in the world. It explain why your cities look like cattle kraals.

https://www.youtube.com/watch?v=2NCSdw-MxXE

Just30:
[b]You still dont get how asset management companies work. [/b]Through them and gold trading houses, Ghanaians own all sort of precious metals like Gold and silver.

Go and watch BILLIONs, you will learn how asset management companies work. Pension funds, Banks, trust funds and individuals all put their monies there.
They operate outside the banking sphere.
They are like the derivative market. Anyway, there is free education youtube and the internet.

And yet, kenya only has les than 20 asset management companies whose combine asset is less than 10 billion according to your regulator.
Tell me how those will compare to the 86 asset management companies in Ghana with combine asset above 40 billion dollars? Your country is insignificant in this field kiddo

Stop lying kiddo
Your Equity bank has just 6 billion asset.
Check below for both KCB and Equity asset.
That's miniature compare to the funds in asset management companies here.

You think Ghanaians just live better lives than kenyans out of the blue?


I've already given you Ghana total banking asset at 34 billion dollars and asset management companies have 40 billion dollars under management.

That is far above your entire bank assets of 50 billion dollars and asset management companies 10 billion dollars.

Next time, speak with facts instead of running your delusional mind in the mud. You can only do that among Kenyans.

My cities are too developed for your shanties to compare, my villages are even far developed than your shanty cities.
Your economy is still playing catch up to mine and your country's development is still on the levels of Zambia and other despotic nations playing catch up.
Keep working hard kenya.

Little nigga, AFTER all this time you're still trying to compress us with PRETEND KNOWLEDGE!
Major fail! Here's what someone said of your mouthy pontificating type.

rvp20182:
Equity Group - bought Congo second-biggest bank (will soon be the biggest bank). Equity Bank is one of the fastest-growing bank - and will overtake your Zenith or 1st bank in 3 yrs . Remember equity was not even a bank when I was in university 20 yrs ago. It was a building cooperative society.

Total assets rose to 1.02 trillion shillings from 673.7 billion shillings in 2019.

https://www.reuters.com/world/middle-east/kenyas-equity-group-says-2020-pretax-profit-drops-30-2021-03-29/

It now has overtaken KCB - who have nearly 10B - they are on 9.98 trillion Kshs.
https://www.the-star.co.ke/business/kenya/2020-11-27-new-acquisitions-set-kcb-in-race-to-sh1-trillion-asset-base/

The 3rd is the cooperative bank - run by kenya's africa largest cooperative movement - now more than 6B dollars you're talking about.

Kenya banks like Kenya co-orp do not just expand like idiots - I see from Nigeria - they make strategic profitable expansion - because again - the bank is staffed by brilliant Kenyans

Just watch both Equity and KCB overtake your banks in 3yrs tops. Once we get Ethiopia to OPEN UP HER 100M market - and to add to the Congo 80M market - - our banks will just be second to South Africa in SSA. Those two countries EQUAL Nigeria - and totally UNBANKED (like Ghana). We are circling Ethiopia - with most of our banks with representative offices - waiting for the Financial sector to open up - like Telcom has.

Then we have the Ghana mad man trying to compare Kenya with her country

Its an unfortunate fact people here are too simple minded to comprehend the massive national and regional implications of the financial and political gains to be had in Ethiopia.
You're right as ALWAYS! Within a hand decade our banks will be competing with Saffas.
ALREADY a softpower effect is visible:

KenGen commences drilling for Ethiopia Electric Power geothermal well

[url]https://www.esi-africa.com/industry-sectors/generation/kengen-commences-drilling-for-ethiopia-electric-power-geothermal-well//url]

rvp2018:
You're a cartoon just typing for it's sake

you have no understanding of the things you want to talk about.

You don't even know what hyperinflation is

Kid you are dumb

Waa see

After realizing how dumb you are on the things you want to talk about, you've gone full cycle looking for a different convo....


Ghanaians are borrowing at 7% from Standard Chartered bank and Ghana Exim Bank.


The kenyan economy is a primitive one that cannot create jobs hence the huge unemployment and poverty, it only works for the politicians.

Listen to your sister talk about your economy and Ghana economy... and how you guys are paid peanuts and live as peasants

https://www.youtube.com/watch?v=h-5npo2csE8

rvp2018:
Forget even your CEDIS inflation (that had to remove 5 zeros); if you inflation; both headline and baseline; annually you're double digit; often going as high as 20% yearly

Kenya inflation has always been 5 percent or around.
Interest base rate is now 7 percent
Commercial loans start at 13 percent (annualized - not west africa zoos of 20-40 percent)
Most Kenyans borrow from Saccos at 11 percent.

GHANA cannot and has not got there. It doesn't even ever get that close - it mess there. You're PRIMITIVE BLACK MARKET INFORMAL ECONOMY surviving through minerals.

You're comparing the poster child of public finance misimanagement and Kenya.

You're sick my friend.

You country took a very bad turn from get go. Nkurumah bankrupted Ghana with communism and Volta dam.

By 1962 - it was BANKRUPT AND BROKE.

For the next 3 decades - it had growth rate average of I think 2 percent - hyperinflation was rampant - everything was a mess - faminine name it - and you had to run to Nigeria.

Some of those challenges persist todate - mainly hyperinflation hangovers.

Kenya had a wonderful start to it's independence - growing on average on 7 percent until 80s Oil crisis - where growth average 4-5 percent - until 90s-2000s when we playing around 4.

Kenya then corrected the minor mistakes of 90s - and from 2003 has basically zoomed! We have reigned on pop growth that had undone our growth - and many bottlenecks - we are few years from a leapfrogging stage.

Next is for Kenya to overtake Morocco - and then it will be Egypt. South Africa. Nigeria. Algeria and Kenya in top 5.

rvp2018:
Ghana hyperinflation history - watch this video - top 10 in the world. It explain why your cities look like cattle kraals.

https://www.youtube.com/watch?v=2NCSdw-MxXE

this is funny

You dont even know hyperinflation

This video, Ghana only appeared in it in the 80s. You are still struggling to understand hyperinflation

kikuyu1:
Little nigga, AFTER all this time you're still trying to compress us with PRETEND KNOWLEDGE!
Major fail! Here's what someone said of your mouthy pontificating type.

park somewhere below dumb dumb

You dont have the knowledge to engage

Clearly you don't understand anything. How can Ghanian borrow at 7 percent when Ghana gov cannot borrow at that rate. Unless you are talking west africa style monthly interest rate...which annually is crazy.

Just30:
Waa see
After realizing how dumb you are on the things you want to talk about, you've gone full cycle looking for a different convo....


Ghanaians are borrowing at 7% from Standard Chartered bank and Ghana Exim Bank.


The kenyan economy is a primitive one that cannot create jobs hence the huge unemployment and poverty, it only works for the politicians.

Listen to your sister talk about your economy and Ghana economy... and how you guys are paid peanuts and live as peasants

https://www.youtube.com/watch?v=h-5npo2csE8

Ghana appears almost every year including as late as 2016, 2015...bla bla..it's only in 2017 where it fellow sick man Nigeria appears. Although to be honest Nigeria does a far better macro-economic job

Just30:
this is funny

You dont even know hyperinflation

This video, Ghana only appeared in it in the 80s. You are still struggling to understand hyperinflation

I would say both DRC - 90M and Ethiopia - 100M - will give Kenya company a market the size of Nigeria - 200M - or more than twice EAC - and definitely if we crack it - esp Ethiopia with Safaricom and Banking - and entire service sector - it would be huge.10yrs the Saffas will be sweating - as for Nigeria - we will beat them without even per capita bla bla in 5yrs. For now in almost anything we are about half or more than half of where they are - despite the 4 times the population.

kikuyu1:
Its an unfortunate fact people here are too simple minded to comprehend the massive national and regional implications of the financial and political gains to be had in Ethiopia.
You're right as ALWAYS! Within a hand decade our banks will be competing with Saffas.
ALREADY a softpower effect is visible:

[url]https://www.esi-africa.com/industry-sectors/generation/kengen-commences-drilling-for-ethiopia-electric-power-geothermal-well//url]

rvp2018:
Clearly you don't understand anything. How can Ghanian borrow at 7 percent when Ghana gov cannot borrow at that rate. Unless you are talking west africa style monthly interest rate...which annually is crazy.

Ghana Gov't is borrowing at 2 to 8 %

Ghanaian businesses are borrowing at 5 to 7 percent

If you know how exim banks work, you will know how a Ghanaian can borrow at that rate.

I'm talking annual rate.
No bank in Ghana charge monthly interest.

rvp2018:
Ghana appears almost every year including as late as 2016, 2015...bla bla..it's only in 2017 where it fellow sick man Nigeria appears. Although to be honest Nigeria does a far better macro-economic job

Go see a doctor so he or she can remove the stuff on your eyes so you may see well.

Ghana only appeared on it in 1980 and 1982.

And that has to do with inflation.

During those years, Ghana had a farmine so it is natural that inflation will skyrocket.


Go and learn what hyperinflation is and you will know why Kenya is in a desperate cycle going nowhere.

You make too much noise

You still want to compare your useless shillings to the Cedis which has been the best performing currency on the continent consistently for 8 plus years

The bleating of a goat. 2016 Ghana had more than 20% inflation rate. That made them I think top 5 worldwide.

Just30:
Go see a doctor so he or she can remove the stuff on your eyes so you may see well.

Ghana only appeared on it in 1980 and 1982.

And that has to do with inflation.

During those years, Ghana had a farmine so it is natural that inflation will skyrocket.


Go and learn what hyperinflation is and you will know why Kenya is in a desperate cycle going nowhere.

You make too much noise

You still want to compare your useless shillings to the Cedis which has been the best performing currency on the continent consistently for 8 plus years

The resident madman typing nonsense he can barely understand. Ghana base rate is 14%. If you add usual inflation rate 20%. Your country is a joke. That is why your cities look like shanties. Kumasi or Accra.

The idiot just type nonsense day in day out - slowpoke - defending a country that doesn't understand macro-economics

Ghana: Markets
Reference Last
Money Market Rate Mar 2021 13.58
Treasury Bills (over 31 days) Mar 2021 12.61
Lending Rate May 2017 22.5
Average Long-term Government Bond Mar 2016 24.75


Treasury Bill Rates – Bank of Ghanahttps://www.bog.gov.gh › treasury-and-the-markets › tr...
Issue Date Tender Security Type Discount Rate Interest Rate
07 Jun 2021 1749 91 DAY BILL 12.3149 12.7061
07 Jun 2021 1749 182 DAY BILL 12.5848 13.4299
31 May 2021 1748 182 DAY BILL 12.6512 13.5055

Just30:
Ghana Gov't is borrowing at 2 to 8 %

Ghanaian businesses are borrowing at 5 to 7 percent

If you know how exim banks work, you will know how a Ghanaian can borrow at that rate.

I'm talking annual rate.
No bank in Ghana charge monthly interest.