₦airaland Forum

Waa see dumbness

You dont know the difference between external debt and your entire debt being denominated in foreign currency ....

Your country over exposed itself in the debt market and now you are facing the terrible consequences.....

Ghana took 3 billion Eurobond this years ... explain how that is 30% of our gdp


You are so desperate just like your economy right now

Mkenya2019:
Usual diarhoea. Kenya external debt is 35B dollars. Only small part of it is commercial. The rest of that 35B is mostly zero low interest long maturing loan.

Ghana this year alone - Eurobond (commercial external debt) - will probably go beyond 30 percent of your GDP.

GDP to Debt is already 85 percent...while kenya is btw 65-70 - before rebasing this year.

Few years ago you DESPERATELY rebased your GDP - as it was already past 100. Look like you need to cook it again soon.,

Again more just30 level of madness.
Kenya is not West Africa zoo - if you need proof of anything - it available.
Kenya external debt is 50 percent external.
That is roughly 35B dollars.
About 40 percent of that debt is multi-lateral - that means from IMF/WB/ADB - Low or Zero interest long maturing
Eurobond takes 8B dollars.
China takes 8B dollars.

So you can see commercial component of our external loan is really low.

It's 33 percent of 50 percent - meaning just 15 percent of our loan is worth worrying about. The rest again are low or zero interest long maturing loans

THE NONSENSE ABOUT TEA or TOURISM

Which economics is that? That is Ghana's kind of economics where poor farmers are made to borrow loan on behalf of their gov?

Taxes PAY debt. Our gov taxes are rising.

obaaderemi:
You don't understand economics like just30 said.
What's wrong with you? Your debt is above 50% external. Do you want proof?
You can't compare your case with Nigeria or Ghana.
Gold prices are rising madly and oil is now $75.
Tea is now far below $2. Tourism is prostrate.

There are times when I wonder if you were sane. You just argue like a baby.

You will take 5B dollars from Eurobond ALONE. Your GDP is 70B dollars. 10 percent of that is 7B. So you see if you take 5B eurobond and 2 Billion using POOR farmers COCOA you will add another 10 percent debt to gdp

Just30:
Waa see dumbness

You dont know the difference between external debt and your entire debt being denominated in foreign currency ....

Your country over exposed itself in the debt market and now you are facing the terrible consequences.....

Ghana took 3 billion Eurobond this years ... explain how that is 30% of our gdp


You are so desperate just like your economy right now

Not evenyone was looking for relief

Only poor countries like yours and those that are overleveraged.... you grew which taxes?
Your taxes still remain 13 billion dollars and that is not enough for your wages and to be able to service your debt.... Even if your taxes were to be 100 billion dollars, your country will still not be able to repay it debt because kenya does not have enough dollars

Mkenya2019:
Everyone was looking for some relief due to COVID pandemics. But we actually dont need it because we grew our taxes under Covid.

KRA defies Covid to beat revenue collection target for 2020-21
https://www.the-star.co.ke › news › 2021-07-03-kra-de...
Jul 3, 2021 — 652 trillion thus surpassing the target by Sh16.808 billion. “During the year, KRA also recorded a milestone after revenue collection more than ...

Ghana is one that went around looking for relief.
When it was agreed - and they run the numbers - they realized they would be f.cucked.
The reason - their credit rating would take a beating - they are already paying 10 percent.
Next is to pay Zambia like 17 percent Eurobond rating.

I really pity your country. Just watch Zambia...soon you will be paying 20 percent interest on 20B dollars Eurobond...that will crush your economy..that is like 4B dollars on Eurobond alone...PAID IN HARD CURRENCY...not COCOA beans of poor farmers.

Eurobond is not Chinese that will accept barter trade.

Kenya tax ordinary taxes alone are nearly 17B dollars - total revenues 21B dollars. Our budget is 35B dollars.
Kenya's gov owns like 200 corporations - including the likes of Safaricom worth billions.

Forex has never been an issue in Kenya - and never will - despite the trade deficit - we have other ways of getting hard currency - including remittance that has overtaken Ghana.

Just30:
Not evenyone was looking for relief

Only poor countries like yours and those that are overleveraged.... you grew which taxes?
Your taxes still remain 13 billion dollars and that is not enough for your wages and to be able to service your debt.... Even if your taxes were to be 100 billion dollars, your country will still not be able to repay it debt because kenya does not have enough dollars

Dreams uptopn dreams

Cocoa farmers are not poor people

Mkenya2019:
You will take 5B dollars from Eurobond ALONE. Your GDP is 70B dollars. 10 percent of that is 7B. So you see if you take 5B eurobond and 2 Billion using POOR farmers COCOA you will add another 10 percent debt to gdp

Ghana can borrow an additional 20 billion dollars today and we wont run into debt distress because it will be invested into productive ventures that will make profit yearly......

Even if we spend the money stupidly on unprofitable ventures like kenya does, our sovereign wealth funds will be able to repay the loans using it yearly profit....


so, you see, Ghana will never fall into debt distress anytime soon.....

Cocoa farmers are poor - if they earn 2B dollars - for a total of 800,000 farmers. That is about 2,500usd per farmer per year. And that before you deduct the monopoly debt bing and supply chain cost.

Watch out for the commercial external loan - it will kill you.

Zambia are dead - paying 17 percent interest with hard currency - at least their Eurobond is not Ghana size.

You're just waiting for a disaster...that is why you did not even take debt relief.

One or two bad credit rating....you're BANKRUPT.

Your soverign wealth kit is not even 1 B dollars.

Just30:
Dreams uptopn dreams

Cocoa farmers are not poor people

Ghana can borrow an additional 20 billion dollars today and we wont run into debt distress because it will be invested into productive ventures that will make profit yearly......

Even if we spend the money stupidly on unprofitable ventures like kenya does, our sovereign wealth funds will be able to repay the loans using it yearly profit....


so, you see, Ghana will never fall into debt distress anytime soon.....

We went around looking for relief for your poor country Kenya
Because you guys were facing bankruptcy and it was going to be a disaster....

Ghana has not taken debt relief yet because we are capable of repaying our debt...

Feel pity for your poor country kenya that Is bankrupt and carrying a huge debt burden it can't repay

Youir country is basically like Zambia with it cup in hand begging even the devil for loans to stay above water....

My country has almost 20billion dollars in saving that it can fall back on, anytime we want or need to...


Kenya taxes are 13 billion dollars while that of Ghana is 14 billion dollars
Ghana total revenue is 20 billion dollars for 30 million people

see how much of a desperate joke your economy is?


Your communist country is still owning business?
The Ghanaian gov't has left business ownership to the private sector... a true capitalist economy ...

No wonder your country none profitable businesses keeps dragging your economy into the mud of debts

Mkenya2019:
Ghana is one that went around looking for relief.
When it was agreed - and they run the numbers - they realized they would be f.cucked.
The reason - their credit rating would take a beating - they are already paying 10 percent.
Next is to pay Zambia like 17 percent Eurobond rating.

I really pity your country. Just watch Zambia...soon you will be paying 20 percent interest on 20B dollars Eurobond...that will crush your economy..that is like 4B dollars on Eurobond alone...PAID IN HARD CURRENCY...not COCOA beans of poor farmers.

Eurobond is not Chinese that will accept barter trade.

Kenya tax ordinary taxes alone are nearly 17B dollars - total revenues 21B dollars. Our budget is 35B dollars.
Kenya's gov owns like 200 corporations - including the likes of Safaricom worth billions.

The usual madness - your total revenues are not even 10B dollars.- about 5900 million cedis.

You avoided debt relief because you're starring at disaster.

One bad credit rating - you are bankrupt - forever - like Argentina. Watch the credit ratings - and one rating downgrade - YOU ARE KAPUT!!

Interest rate will keep rising and rising - and you cannot negotiate a way out like IMF normal listen to you - or offer BEANS to debt investors like you did to China

Eurobond is easy but dangerous money. The debt sharks are about to teach you hard and painful lessons. The more you struggle the more interest rates will rise - to even 50 percent - as some investors specializes in such distressed debts.

Just30:
We went around looking for relief for your poor country Kenya
Because you guys were facing bankruptcy and it was going to be a disaster....

Ghana has not taken debt relief yet because we are capable of repaying our debt...

Feel pity for your poor country kenya that Is bankrupt and carrying a huge debt burden it can't repay

Youir country is basically like Zambia with it cup in hand begging even the devil for loans to stay above water....

My country has almost 20billion dollars in saving that it can fall back on, anytime we want or need to...


Kenya taxes are 13 billion dollars while that of Ghana is 14 billion dollars
Ghana total revenue is 20 billion dollars for 30 million people

see how much of a desperate joke your economy is?


Your communist country is still owning business?
The Ghanaian gov't has left business ownership to the private sector... a true capitalist economy ...

No wonder your country none profitable businesses keeps dragging your economy into the mud of debts

Mkenya2019:
Cocoa farmers are poor - if they earn 2B dollars - for a total of 800,000 farmers. That is about 2,500usd per farmer per year. And that before you deduct the monopoly debt bing and supply chain cost.

Watch out for the commercial external loan - it will kill you.

Zambia are dead - paying 17 percent interest with hard currency - at least their Eurobond is not Ghana size.

You're just waiting for a disaster...that is why you did not even take debt relief.

One or two bad credit rating....you're BANKRUPT.

Your soverign wealth kit is not even 1 B dollars.

A ton of Cocoa is 2500 plus 400 dollars living wage and most farmers do more than 4 tons per season and there are two seasons....
That is more than enough money for a farmer.. no farmer in Kenya can make this much money from growing tea...


see how your country is struggling to repay it 90 billion dollars debt
If not for Ghana, like Kenya will be bankrupt right now .....

Our 5 or so sovereign wealth funds have a total of nearly 20 billion dollars
That is enough stash to keep my economy afloat even if we stupidly borrow like kenya has done....



Your country kenya has to repay more than 6 billion dollars in debt yearly and your economy does not even generate 6 billion dollars in trade per year..... how will you pay ?

Uganda type of revenues - with Debt more than Kenya - GHANA - and mostly commercial external debt

Total Revenue and Grants for fiscal year 2020 amounted to GH¢55,132 million,
compared with the target of GH¢53,667 million. The 2020 outturn exceeded
the 2019 performance by 3.3 percent and the target for the year by 2.7 percent,
as shown in Table 3.

https://mofep.gov.gh/sites/default/files/budget-statements/2021-Budget-Highlights_v1.pdf

Just blurting useless numbers -as always. Dont waste your time. We go with empirical evidence. Not anecdotal stories of a confirmed nut-case.

We go with total earning in cocoa - and total farmers. Not long stories.

Last year your total revenues were GH¢55,132 - which is like 9B dollars.

Just30:
A ton of Cocoa is 2500 plus 400 dollars living wage and most farmers do more than 4 tons per season and there are two seasons....
That is more than enough money for a farmer.. no farmer in Kenya can make this much money from growing tea...


see how your country is struggling to repay it 90 billion dollars debt
If not for Ghana, like Kenya will be bankrupt right now .....

Our 5 or so sovereign wealth funds have a total of nearly 20 billion dollars
That is enough stash to keep my economy afloat even if we stupidly borrow like kenya has done....



Your country kenya has to repay more than 6 billion dollars in debt yearly and your economy does not even generate 6 billion dollars in trade per year..... how will you pay ?

Ghana Soverign Wealth GHC 500 million - which is less than 100M dollars

That is SMALL CHANGE. Its a joke

It's not even 1B dollars I thought

Lunatic

My total revenue is 20 billion dollars and my budget is 21 billion dollars and this budget does not include spending we make from our Mineral wealth funds and Sovereign wealth funds .... So which ever way you look at it, we have a larger spending than your poor country..


Explain how debt relief is disaster
you sound lame

We avoided it because we dont need it, we make more than enough money to repay our debt...

Wait are you still taking about Eurobonds?

Our total Eurobonds is 7.8 billion dollars and we repay 0.8 million dollars yearly that is too small an amount of money to send an economy like ours with 20 billion dollars in export to bankruptcy

Unfortunately, Kenya 1 billion yearly Eurobond repayment is enough to send the kenyan economy bankrupt and like you said, you cant trade tea with them..... Your finance minister and president was busy begging my finance minister to negotiate international institutions on his behalf so kenya can get debt relief or else kenya will default like Venezuela That is how bad things were for your country.....

Mkenya2019:
The usual madness - your total revenues are not even 10B dollars.- about 5900 million cedis.

You avoided debt relief because you're starring at disaster.

One bad credit rating - you are bankrupt - forever - like Argentina. Watch the credit ratings - and one rating downgrade - YOU ARE KAPUT!!

Interest rate will keep rising and rising - and you cannot negotiate a way out like IMF normal listen to you - or offer BEANS to debt investors like you did to China

Eurobond is easy but dangerous money. The debt sharks are about to teach you hard and painful lessons. The more you struggle the more interest rates will rise - to even 50 percent - as some investors specializes in such distressed debts.

LINK to your budget
Nut-case. You are specimen

Read your gov budget of 2021. Revenues total 9B dollars - compared to 22B in kenya.

https://mofep.gov.gh/sites/default/files/budget-statements/2021-Budget-Highlights_v1.pdf

Just30:
Lunatic

My total revenue is 20 billion dollars and my budget is 21 billion dollars and this budget does not include spending we make from our Mineral wealth funds and Sovereign wealth funds .... So which ever way you look at it, we have a larger spending than your poor country..


Explain how debt relief is disaster
you sound lame

We avoided it because we dont need it, we make more than enough money to repay our debt...

Wait are you still taking about Eurobonds?

Our total Eurobonds is 7.8 billion dollars and we repay 0.8 million dollars yearly that is too small an amount of money to send an economy like ours with 20 billion dollars in export to bankruptcy

Unfortunately, Kenya 1 billion yearly Eurobond repayment is enough to send the kenyan economy bankrupt and like you said, you cant trade tea with them..... Your finance minister and president was busy begging my finance minister to negotiate international institutions on his behalf so kenya can get debt relief or else kenya will default like Venezuela That is how bad things were for your country.....

Mkenya2019:
Just blurting useless numbers -as always. Dont waste your time. We go with empirical evidence. Not anecdotal stories of a confirmed nut-case.

We go with total earning in cocoa - and total farmers. Not long stories.

Last year your total revenues were GH¢55,132 - which is like 9B dollars.

Last year, my total taxes was 14 billion dollars whiles total revenue was 20 billion dollars

what you posted was just totals for indirect taxes and Customs generation

Mkenya2019:
LINK to your budget
Nut-case. You are specimen

Read your gov budget of 2021. Revenues total 9B dollars - compared to 22B in kenya.

https://mofep.gov.gh/sites/default/files/budget-statements/2021-Budget-Highlights_v1.pdf

it is freely available on the web

Mkenya2019:
Ghana Soverign Wealth GHC 500 million - which is less than 100M dollars

That is SMALL CHANGE. Its a joke

It's not even 1B dollars I thought

Our heritage fund alone has over 3 billion dollars in it

Joke is one you

That should be more than enough to repay Kenya Eurobond that it is struggling to pay

Well maybe you have your own country in your delusionary mind but Ghana total revenues 9B dollars, and total budget 17B dollars.

Just30:
Last year, my total taxes was 14 billion dollars whiles total revenue was 20 billion dollars

what you posted was just totals for indirect taxes and Customs generation

Again link? You have only 100M dollars; Having already withdrawn from petroleum fund

https://www.reuters.com/article/us-swf-assets-analysis-idUSKBN2650SZ
Ghana has used money from its Petroleum Fund but left its Heritage Fund intact, he noted.

Just30:
Our heritage fund alone has over 3 billion dollars in it

Joke is one you

That should be more than enough to repay Kenya Eurobond that it is struggling to pay

Mkenya2019:
Well maybe you have your own country in your delusionary mind but Ghana total revenues 9B dollars, and total budget 17B dollars.

Keep being an exceptional lunatic


While your country struggles with bankruptcy and begging

Bla de bla. Your puny grass cutter size brain overheating.

Just30:
Keep being an exceptional lunatic


While your country struggles with bankruptcy and begging

Mkenya2019:
Again link? You have only 100M dollars; Having already withdrawn from petroleum fund

https://www.reuters.com/article/us-swf-assets-analysis-idUSKBN2650SZ
Ghana has used money from its Petroleum Fund but left its Heritage Fund intact, he noted.

You can go back to the previous thread

I posted Ghana petroluem fund earnings there

it was almost a billion dollars for last year... just earnings alone

Keep joking, you think we are playing here er

Mkenya2019:
Bla de bla. Your puny grass cutter size brain overheating.

Tantrums as usual

deal with your country bankruptcy

you are dead ass broke .... no wonder your blood sucking asses are starving

Ghana heritage fund
As of 2018 - it was mere 500M dollars - but seem Ghana have withdrawn to about 150M.

The oil one is probably nilled now.

https://www.petrocom.gov.gh/oil-heritage-fund-accumulates-about-us500-million-piac/

Bla de bla. You either have a link or not.

Just30:
You can go back to the previous thread

I posted Ghana petroluem fund earnings there

it was almost a billion dollars for last year... just earnings alone

Keep joking, you think we are playing here er

As of 2020 - before you withdraw everything - it was mere 500M dollars

Mkenya2019:
Ghana heritage fund
As of 2018 - it was mere 500M dollars - but seem Ghana have withdrawn to about 150M.

The oil one is probably nilled now.

https://www.petrocom.gov.gh/oil-heritage-fund-accumulates-about-us500-million-piac/

Ghana Petroluem Holding Fund received 980 million dollars in 2020
Ghana stabilization fund received 600million dollars (It has 7 billion dollars in it)
Ghana Heritage fund received 570 million dollars (had 5.2 billion dollars in it and it hasn't been touched)


Ghana Sinking Fund received 384 million dollars (Fund Total was 3.5 billion dollar) Only 500 million dollars is left, 3 billion dollars has been used to repay debt... The fund is serving it purpose... this is why we haven't asked

Mkenya2019:
As of 2020 - before you withdraw everything - it was mere 500M dollars

Di you even watch the picture you posted?



something from 2011

you are so desperate

2011 is the year the fund was FOUNDED or started. That was of 2020. I bet by now you have exhausted it.

Just30:
Di you even watch the picture you posted?



something from 2011

you are so desperate

Nonsense. Throwing figures carelessly. Before you withdrew from it.

Just30:
Ghana Petroluem Holding Fund received 980 million dollars in 2020
Ghana stabilization fund received 600million dollars (It has 7 billion dollars in it)
Ghana Heritage fund received 570 million dollars (had 5.2 billion dollars in it and it hasn't been touched)


Ghana Sinking Fund received 384 million dollars (Fund Total was 3.5 billion dollar) Only 500 million dollars is left, 3 billion dollars has been used to repay debt... The fund is serving it purpose... this is why we haven't asked

Mkenya2019:
Nonsense. Throwing figures carelessly. Before you withdrew from it.

dumb kid

this is the total amount of money that entered the two funds and retained in 2020 from petroleum proceeds... next time read well