ok

bigpicture001:


see.there teo types of economy..service based economy and production based economy..u always see big industries as industrialization...one can import those mavhines and still.produce what u need at a good rate

I would have written a length post of how industrialisation will make Nigeria prosperous in a short while.

Perfectbeing:
I would have written a length post of how industrialisation will make Nigeria prosperous in a short while.

Nigeria is not an investment destination of choice..if the government wants to achieve anything close to industrialization, the government itself needs to build the industry, operate then with private handling management and sell off its units in shares to the people..hence making it private...

that is what china is doing

Oblongata:
Una go just come post rubbish and others go follow comment rubbish without adequate research.

No be the same Ghana wey go copy Prof. Charles Soludo?

Their currency does not really depict the state of their economy and far worse than Nigeria.

They are operating Inorganically.

They are in no way better and Naira is way ahead of them.

Whenever you see Ghanaian currency just add 3 zeros for your mind to get the true picture.

Gbam my brother the Ghanians re-denominated their cedi that's why.

ini4brandon:
Oh my God!!!
The Ghanaians we Chased out of Nigeria in the 80s must be thanking thier god today.

That's not how to measure it. do you know things are more expensive in Ghana than in Nigeria?

sexy74:

Gbam my brother the Ghanians re-denominated their cedi that's why.

APART FROM THAT, MY BRO THAT IS LIVING IN GHANA FOR THE PAST 6YRS SAID THINGS ARE SO EXPENSIVE, BUT BECAUSE HE EARN IN DOLLARS, HE IS NOT FEELING IT MUCH

You are very correct. Steel production from our vast deposit of iron ore to different profiles of steel is the back bone of any industrialization. Germany started from steel.

Perfectbeing:
Steel company is the pillar of industrialisation.
It's importance can't be over emphasised

Add 4 zeros to that 10.96 for you to get the real value of the Ghanaian Cedis.

Study economics, una no go listen, na spare part una won sell.. Nansense!

LadyExcellency:


Do you want to tell us that Ghana's Cedi was higher than Pounds at the time of redenomination? That's bullshit from you.

Do you want us to believe that 100,000 Cedis equals one pound by adding 0000 before redenomination? Another fat lie.

Yes. The real value is 100,996 Cedis

The Ghanaian economy is not smiling at all right now

Opintiwa:


My brother when you go market tell market woman say egg go come back to 10 naira it was in 2015 .

When you finish quote me here on nairaland tell me your hospital experience.
Do you know chicken you save your Urchin APC monthly money to buy is used as kola in ordinary Vietnam?

Vote wisely

Why not learn. He just thought you something.
Ghana cedis was redenominated

ini4brandon:
Oh my God!!!
The Ghanaians we Chased out of Nigeria in the 80s must be thanking thier god today.

The figures don't tell a story; at least, not the full story. Nigeria could easily remove all the zeros from one thousand naira and say our currency is now higher than the dollar. But this will not change the basketworth of the currency.

Only me don comment with 9 diff monikers for here. If dem born u well, identify my other moniker

Oblongata:
Una go just come post rubbish and others go follow comment rubbish without adequate research.

No be the same Ghana wey go copy Prof. Charles Soludo?

Their currency does not really depict the state of their economy and far worse than Nigeria.

They are operating Inorganically.

They are in no way better and Naira is way ahead of them.

Whenever you see Ghanaian currency just add 3 zeros for your mind to get the true picture.

4 zeros actually

Ghana cedis is worse performing than naira you guys should read 1 pounds= 1096 cedis

A bought a litre of fuel for 10.75ghc this morning and someone said Ghana economy is better than Nigeria economy. Mtchewww

Vulturereloaded:


Ghana currency is doing worse than Nigerian currency at the moment.

Indeed but you're trying to educate self-hating and godforsaken illiterates. The value of a currency is in its purchasing power.

Ghana redenominated their currency like 15 years ago by taking a few zeros away to make it less unwieldy numerically.

That is all. The value of the Cedi did not go up. In economics, you simply need to compare what the amount of two currencies, equivalent to each other, can buy to note which is more valuable.

The currency that can buy more is obviously the better choice and indicative of a stronger and more buoyant economy.

Ghana's Cedi is less valuable than Naira by far
That is the reality but no point explaining that to olodo self-hating Nigerians who see everyone and everything on the other side as better.

Oblongata:
Una go just come post rubbish and others go follow comment rubbish without adequate research.

No be the same Ghana wey go copy Prof. Charles Soludo?

Their currency does not really depict the state of their economy and far worse than Nigeria.

They are operating Inorganically.

They are in no way better and Naira is way ahead of them.

Whenever you see Ghanaian currency just add 3 zeros for your mind to get the true picture.

Indeed. Very painful to me personally how illiterate and lacking in useful knowledge a lot of Nigerians are.

Simple redenomination, which does not increase the value of a currency, is what most Nigerians cannot understand. Shame catch me die.

HmmmHmmm...

Hmm,,,,

Jecci:
The naira has more value than the cedis.

Cedis stupid currency. Wanted to convert 10,000 cedis back to naira for something and the value in naira was so shocking. Something that used to be around 700,000-800,000 naira two years ago became around 400,000 plus

it means it's still better to work in ghana then..by your conversion

seunmsg:


Ghana Cedi was redenominated to C1=$1 in 2007 after removing 4 zeroes. I don’t know exactly how much it was exchanged against the pounds in 2007 but it shouldn’t be far from C1.

And yes, the correct value of Cedi to Pounds without redenomination is now above C100k. That’s how bad Ghana Cedi is performing.

People are ignorant to think Ghana currency is better than Nigeria currency. If na so ghana better who for dey this country?

This is not how to compare currencies. You compare their purchasing power instead.

10 cedi is actually 10,000 cedis
Visit Ghana web it's still there as at today

Ask yourself, if their currency is that good, then what is now happening to their economy?

Ghana cedis is far below Naira,,, don't be deceived by what you see. four zeros were removed.

And also things in Ghana are very expensive,,even bag of pure water that Nigerians buy around 120/130 Naira,,,in Ghana it should be around 300 Naira or 400 Naira,,, that's the huge difference.

who is selling ghana cedi to naira i want to buy

i pay in nigerians naira you send me ghana ghs