₦airaland Forum

A reminder of what we've been saying:

Power use hits record in first half on recovery. Electricity consumption by homes and factories in Kenya hit an all-time high in the first six months of this year, indicating improving economic activities in the country.

Data from the Kenya National Bureau of Statistics (KNBS) shows homes and factories consumed 4,690.49 gigawatts hours (GWh) in the six months to June compared to 4,296.23 GWh in the same period last year.

The electricity consumed by large commercial users and domestic consumers was also higher from 4,413.56GWh in the first year period of 2019.

https://www.businessdailyafrica.com/bd/economy/power-use-hits-record-first-half-on-recovery-3523834

Kenya tops growth in new connections of electricity. Kenya has been ranked as the top country in the world in reducing the population with no access to electricity, pointing to the impact of the State’s focus on rural areas for nearly a decade.

The Energy Progress Report for 2021, a product of a partnership between the World Bank and bodies such as the International Energy Agency, says Kenya’s electrification pace is now ahead of population growth.

Kenya’s annualised increase in electricity access between 2010 and 2019 was at 5.6 percent — the largest among the top 20 countries in the world with the biggest electricity access gap.

The increased pace of electrification, also supported by off-grid solutions such as solar, points to the fruits of the State’s last-mile connectivity programme, which was launched in 2014 mainly targeting rural areas.

Kenya’s growth dwarfed the world’s average growth of 0.8 percent, with the closest countries being Bangladesh (4.1 percent), Uganda (3.2 percent), Tanzania (2.5 percent), India (2.4 percent), Myanmar and the Democratic People’s Republic of Korea with 2.2 percent each.

https://www.businessdailyafrica.com/bd/markets/market-news/kenya-tops-growth-connections-of-electricity-3464710

To avoid pain we need not look at Naij's electricity stats cause not even Yemi Kale could reinvent reality!

rvp2018:
ignorance.Levies like those are not VAT.They remain levies

You are dumb

They are part of the VAT charge
making VAT 20% of whatever you buy in Ghana

This is from your gov - maybe you will trust it more. Ghana VAT is 15 percent. They are levies charge on some goods for NHIL/GETFund just like in Kenya we have many levies too - like road levy, railway development levy, electricity dev lev, rural electrification levy, etc - that are earmarked or ringfenced for a specific purpose - unlike taxes which are dumped into one treasury basket.
https://gra.gov.gh/domestic-tax/tax-types/vat-standard/
Value Added Tax (VAT) is a tax applied on the value added to goods and services at each stage in the production and distribution chain. It forms part of the final price the consumer pays for goods or services. In some countries it is called ‘Goods and Services Tax’ or GST. Click HERE to File and Pay for your VAT Standard Rate.

The 2018 Mid-Year budget amended the VAT rate from 15% to 12.5% and delinked the National Health Insurance Levy (NHIL) and Ghana Education Trust Fund (GETFund) from VAT by removing their input tax deductibility. These changes have implications on the computation of tax for VAT Registered persons. Click HERE to File and Pay for your NHIL/GETFund.

Just30:
You are dumb

They are part of the VAT charge
making VAT 20% of whatever you buy in Ghana

rvp2018:
Baboon mode what standard or average vat rate worldwide...around 15 percent

repeating the same thing over and over again won't make it correct.

Enjoy ur ignorance.

[quote author=obaaderemi post=105152913]Hatred for Nigeria will kill that bitch one day.[/quote
They thought Naija is Kenya

Facts are very stubborn things.

KPMG has standard rates - if you average Africas 14, Asia 12, america 13, europe 20, eu 19 - it's 15 percent.

https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/indirect-tax-rates-table.html

theenchanter:
repeating the same thing over and over again won't make it correct.

Enjoy ur ignorance.

lol...elder don settle fight

check us out @ www.jetheights.com
we've got a whole lot of offers to help grow your business.

68816419:
The newly remodeled Murtala Square project in progress.(All majorsports)
#KadunaUrbanRenewal

I know of a park there where to build one time in kaduna that would have malls,museum,art centers ,recreational area and so many other things.how far on that,any new yet.

Bifwoli:
You don't even know my country of origin you Fulani goat herder.Try harder i'll give you some milk and gari.

Stfu.u are Kenyan.

rvp20182:
Facts are very stubborn things.

KPMG has standard rates - if you average Africas 14, Asia 12, america 13, europe 20, eu 19 - it's 15 percent.

https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/indirect-tax-rates-table.html

why do u keep putting shackles on ur self? and no, KPMG does not have standard rates.

How does what u post correlates with the chart provided? Ur table is only showing indirect taxes by continents in a 10yr frame..... Don't just scour the internet to bring what doesn't corroborate ur point.

Even if u "averaged" continental VATs, how does it makes it "world standard VAT" knowing fully well that average is after all countries VAT are summed and divided by the numbers of countries?

rvp20182:
Facts are very stubborn things.

KPMG has standard rates - if you average Africas 14, Asia 12, america 13, europe 20, eu 19 - it's 15 percent.

https://home.kpmg/xx/en/home/services/tax/tax-tools-and-resources/tax-rates-online/indirect-tax-rates-table.html

Mr. Lunatic use 2021 figures not 2011 figures. You are always fond of twisting and manipulating figures.

Even with your own figures you have to lie to make a point?

Whether we believe this your data or not is also a different topic for another day.

It doesnt change a thing - the standard vat rate around the world is around 15 percent. Get over it. Bonobos

vankelvin:
Mr. Lunatic use 2021 figures not 2011 figures. You are always fond of twisting and manipulating figures.

Even with your own figures you have to lie to make a point?

Whether we believe this your data or not is also a different topic for another day.

rvp20182:
It doesnt change a thing - the standard vat rate around the world is around 15 percent. Get over it. Bonobos

There is no standard

However countries increase or increase it according to their needs and affordability. Saying there's a standard you make it like it's an acceptable or base.

AfriqueDuZuid:
There is no standard

However countries increase or increase it according to their needs and affordability. Saying there's a standard you make it like it's an acceptable or base.

Don't be stupid just to fit in. Rvp already gave you imbeciles the definition.

Standard.
adjective
1.
used or accepted as normal or average.
"the standard rate of income tax"
Similar:
normal
usual
typical
stock
common
ordinary
customary

Wizkid’s fourth studio album, Made In Lagos, has clinched the No. 1 spot on the Billboard world album chart, ten months after its release

gallivant:
Don't be stupid just to fit in. Rvp already gave you imbeciles the definition.

Standard.
adjective
1.
used or accepted as normal or average.
"the standard rate of income tax"
Similar:
normal
usual
typical
stock
common
ordinary
customary

U are just as stupid as the incorrigible rvp. Between u and kikuyu1,i don’t know who would make a better sidekick.

Just30:
You are dumb

They are part of the VAT charge
making VAT 20% of whatever you buy in Ghana

Do you know company's that prepare lands for cultivation in Ghana?

gallivant:
Don't be stupid just to fit in. Rvp already gave you imbeciles the definition.

Standard.
adjective
1.
used or accepted as normal or average
"the standard rate of income tax"
Similar:
normal
usual
typical
stock
common
ordinary
customary

context, idiot..... Rvp's idiocy is really contagious.

Even though we're talking Economics before Rvp20182 reverted to English language to save face .In Economics, "standard" and "average" aren't the same, was never and will never be the same.

Now, in English Language which u & ur tin god are using as a saving grace.

some synonyms can't be used in place of another in some sentences because they aren't 100% the same, and if used, they'll change the context of the content, those types of synonyms are called PLESIONYMS ..... That's why ur dictionary said "used or accepted" as emboldened.

Another example of plesionym is "long" and "extended", as u can see, they have near-same meaning but can never be interchanged in some cases, if u do, u'll definitely change the context of ur sentence.....

Same with "standard" and "average", they only have near-meaning but are definitely not the same meaning, though may be used in some context..... And in the discussion that leads to this English class, "Standard" and "Average" can't be interchanged.

popizaino:
Do you know company's that prepare lands for cultivation in Ghana?

Go to Ghana lands commission .By the way what are u still doing in Ghana?

Appisko:
Go to Ghana lands commission .By the way what are u still doing in Ghana?

Land commission for land preparation and cultivation? Ok

https://www.youtube.com/watch?v=qi9V4NfYN28

Accra Cantoments

gallivant:
Don't be stupid just to fit in. Rvp already gave you imbeciles the definition.

Standard.
adjective
1.
used or accepted as normal or average.
"the standard rate of income tax"
Similar:
normal
usual
typical
stock
common
ordinary
customary

It differs from regions to region

Well if you say euro region is 20%, Americas 11% Asia...

That when you can say the average VAT rate doer a certain region, it it will make sense, at times don't argue for the sake of trying to sound smart.

You are wrong, the Word standard was used incorrectly in this part

Abuja: the most organized city in Africa built with Oil Money

More on Abuja..

Wuse Abuja's Second Business District ), this area alone is more developed than any thing in Kenya

https://www.youtube.com/watch?v=CDZ259EB2Z4&t=1136s

Guzape, Abuja, a new city in Abuja, 17 Km from Maitama, 10.8 km from Wuse, 28.2 km from Gwarimpa,

https://www.youtube.com/watch?v=fP8tFbLdRVw

This Kenyan should be an honorary Nairalander! His brainpower would fit right in. Look at this stinky mess he shouted on Saffa tv.

As the public debate raged, the South African Broadcasting Corporation interviewed Kenyan economist David Owiro on TV.

Kenya was not yet in distress, Owiro said, “but the stock of debt is currently standing at about 100% of GDP”. A country’s gross domestic product is a measure of the size of its economy.

Interviewer Peter Ndoro was aghast. “Hundred percent? Wow, but that would suggest almost insolvency.”

[urlhttps://m.polity.org.za/article/no-kenyas-debt-not-at-100-of-gdp-as-economist-claimed-2021-04-13[/url]

With the complete confidence of a clown and the self awareness of a 'tard he's professionally ruined himself NEVER to be taken srsly as long as THE world rmbrs this poo show.
He's embarrassed himself, his alma mater, lineage, neighbours and ENTIRE county! Guys, whenever in public, live TV especially rmbr WHAT is said can NEVER ever be unsaid and avoid making a monkey of YOURSELF!?
Say ONLY what you know- know what you say or remain silent. It's better to be the silent pro than the mouthy expert.
In an ideal world professional orgs and societies of which he's doubtless a member would hold him to account. There REALLY SHOULD be CONSEQUENCES for such unprofessional statements.

Uyo, South - south Nigeria ( One of the smallest state in Nigeria)

https://www.youtube.com/watch?v=-uPYPA2t1oo

No wonder South Africa education is lowly ranked. It takes you ages to understand that world standard vat is around 15 percent. How should I explain this differently.

AfriqueDuZuid:
It differs from regions to region

Well if you say euro region is 20%, Americas 11% Asia...

That when you can say the average VAT rate doer a certain region, it it will make sense, at times don't argue for the sake of trying to sound smart.

You are wrong, the Word standard was used incorrectly in this part

Verbosity. They should have taught you how to summarize and elucidate your point succinctly like I did. The most important context that you missed was Obaboon allegation that Kenya tax payers were overtaxed due to 16 percent VAT. My retort was simple...kenya was actually paying 16 percent which would pass as the standard VAT worldwide - which is around 15 percent.

This level of obtuseness is shocking. Would never happen in Kenyan forum.

theenchanter:
context, idiot..... Rvp's idiocy is really contagious.

Even though we're talking Economics before Rvp20182 reverted to English language to save face .In Economics, "standard" and "average" aren't the same, was never and will never be the same.

Now, in English Language which u & ur tin god are using as a saving grace.

some synonyms can't be used in place of another in some sentences because they aren't 100% the same, and if used, they'll change the context of the content, those types of synonyms are called PLESIONYMS ..... That's why ur dictionary said "used or accepted" as emboldened.

Another example of plesionym is "long" and "extended", as u can see, they have near-same meaning but can never be interchanged in some cases, if u do, u'll definitely change the context of ur sentence.....

Same with "standard" and "average", they only have near-meaning but are definitely not the same meaning, though may be used in some context..... And in the discussion that leads to this English class, "Standard" and "Average" can't be interchanged.

rvp20182:
Verbosity. They should have taught you how to summarize and elucidate your point succinctly like I did. The most important context that you missed was Obaboon allegation that Kenya tax payers were overtaxed due to 16 percent VAT. My retort was simple...kenya was actually paying 16 percent which would pass as the standard VAT worldwide - which is around 15 percent.

This level of obtuseness is shocking. Would never happen in Kenyan forum.

the bolded, my friend, is the cause of the wahala here......

There's nothing like "world standard VAT".

Secondly, my post wasn't directed to u but gallivant hence the explanation, which ur kenyan teachers failed to do.

rvp20182:
This is from your gov - maybe you will trust it more. Ghana VAT is 15 percent. They are levies charge on some goods for NHIL/GETFund just like in Kenya we have many levies too - like road levy, railway development levy, electricity dev lev, rural electrification levy, etc - that are earmarked or ringfenced for a specific purpose - unlike taxes which are dumped into one treasury basket.
https://gra.gov.gh/domestic-tax/tax-types/vat-standard/
Value Added Tax (VAT) is a tax applied on the value added to goods and services at each stage in the production and distribution chain. It forms part of the final price the consumer pays for goods or services. In some countries it is called ‘Goods and Services Tax’ or GST. Click HERE to File and Pay for your VAT Standard Rate.

The 2018 Mid-Year budget amended the VAT rate from 15% to 12.5% and delinked the National Health Insurance Levy (NHIL) and Ghana Education Trust Fund (GETFund) from VAT by removing their input tax deductibility. These changes have implications on the computation of tax for VAT Registered persons. Click HERE to File and Pay for your NHIL/GETFund.

Thanks for proving that VAT is 20% in Ghana