₦airaland Forum

Useless polemics.

Just40:
you've forgotten Ghana does not consume dollars

To almost double your real economic in less than a years takes massive commitment to investing in the strategic areas that is needed.
This explains why Ghanaians are generally having better living conditions than Kenya.

It's better to listen to Kenya Central Bank governor debate with IMF here with Ghanian madmen messing up their economy with gold and other crazy ideas

Excellent brain.

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

rvp20182:
Some stuff you say are shocking.

Kenya is not Ghana when it come to land . Nobody leases land in kenya except foreigners. There is no King who owns land in Kenya. All kenya smallholders and almost every kenya who own land is on Freehold.

This is not Ghana where you lease land from your King. This is not Ghana where you are taken to cemetry - kenya the land belong to you forever - you die - and get buried in your land - because you'll own it till jesus christ second coming - unless you sell it

ofcourse Kenya is not Ghana, how can you be Ghana when Kenyans don't have any land ownership all because the queen took over all of Kenya lands and when they finally decided to let Kenya have some, your politicians took that small one too over.

All of Ghana small holder farmers farm on their family land which are free hold lands... Stool lands are free hold lands..

In Ghana, lands are never for sale ... You can only lease it so the likes of bill gate and co will never be able to own a land in Ghana.

He's busy in Kenya about to buy your worthless land under which the aquifer is all because you guys don't know what to do with it and he will own it for centuries just like how the Brits manage to own all the good lands in Kenya and the Arabians and Indians have also come for their share.

Kenyans who wants to farm have nothing to farm on unless they go and lease it from the European owners or the Indians.

rvp20182:
Useless polemics.

Screams of a person whose citizens living conditions keep worsening, day after day

rvp20182:
It's better to listen to Kenya Central Bank governor debate with IMF here with Ghanian madmen messing up their economy with gold and other crazy ideas

Excellent brain.

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

Frustrations is why you only have gross talk to listen to.

The time for talking is long over ... Your central bank governor hasn't used his position to transform the lives of Kenyans and each years Kenyans desperately slide back in their living conditions

Let see if you can be helpful. How much of Ghana land is common law freehold. Not customary community stool land.

Just40:
ofcourse Kenya is not Ghana, how can you be Ghana when Kenyans don't have any land ownership all because the queen took over all of Kenya lands and when they finally decided to let Kenya have some, your politicians took that small one too over.

All of Ghana small holder farmers farm on their family land which are free hold lands... Stool lands are free hold lands..

In Ghana, lands are never for sale ... You can only lease it so the likes of bill gate and co will never be able to own a land in Ghana.

He's busy in Kenya about to buy your worthless land under which the aquifer is all because you guys don't know what to do with it and he will own it for centuries just like how the Brits manage to own all the good lands in Kenya and the Arabians and Indians have also come for their share.

Kenyans who wants to farm have nothing to farm on unless they go and lease it from the European owners or the Indians.

...

Central Bank role is to not transform lives of kenya. It's to maintain stable macro-economic environment, be gov banker and ensure that banks are sound & well regulated.

Kenya we have undoubtly some of most educated economist. Ghana can learn a lot from this talk.


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

Just40:
Frustrations is why you only have gross talk to listen to.

The time for talking is long over ... Your central bank governor hasn't used his position to transform the lives of Kenyans and each years Kenyans desperately slide back in their living conditions

rvp20182:
Let see if you can be helpful. How much of Ghana land is common law freehold. Not customary community stool land.

80% of Ghana lands is held through Allodial title (the highest interest in land) while govt holds 20%
That's is both family lands and stool lands.

How much is English Common Law Freehold. That is land where you're as an individual the absolute owner without any encumbrance or time limit.

Just40:
80% of Ghana lands is held through Allodial title (the highest interest in land) while govt holds 20%
That's is both family lands and stool lands.

rvp20182:
Central Bank role is to not transform lives of kenya. It's to maintain stable macro-economic environment, be gov banker and ensure that banks are sound & well regulated.

Kenya we have undoubtly some of most educated economist. Ghana can learn a lot from this talk.


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

Then you don't know how powerful a central bank governor is... Decisions made by them effectively transform lives ..

If Kenya had economist, it wouldn't have come to Ghana to beg with it entire economic management team staying in Ghana to plead a negotiation from Ghana that will see the freezing of Kenya debt repayment

Central Bank in kenya and in modern democracy are independently run - and have no business in managing debt.

That is work of kenya treasury or ministry of finance - who procure, pay or etc the debt. Central Bank is just the treasury banker - the relationship ends there.

Central Bank of kenya - the governor is just CEO - but decision are made independently by a board of eminent economists- on base interest rate - and other bank regulatory.

Kenya central bank deals with treasury at arm's length - and if they make a profit - they hand the dividend cheque to gov - and this is what cbk does.

You live either in banana republic or dont know squat. It likely you live in banana republic with emasculated central banker accepting nonsense like gold purchase for oil - then no wonder cedis is like that.

Just40:
Then you don't know how powerful a central bank governor is... Decisions made by them effectively transform lives ..

If Kenya had economist, it wouldn't have come to Ghana to beg with it entire economic management team staying in Ghana to plead a negotiation from Ghana that will see the freezing of Kenya debt repayment

rvp20182:
How much is English Common Law Freehold. That is land where you're as an individual the absolute owner without any encumbrance or time limit.

is it English that you don't understand or it's law?

Allodial title is the highest land title, there's no time limit, no payment and can move from one generation to the other

I am not asking for communal or family land. I am asking for individual land like say in Accra or cape coast.

Just40:
is it English that you don't understand or it's law?

Allodial title is the highest land title, there's no time limit, no payment and can move from one generation to the other

rvp20182:
Central Bank in kenya and in modern democracy are independently run - and have no business in managing debt.

That is work of kenya treasury or ministry of finance - who procure, pay or etc the debt.

Central Bank of kenya - the governor is just CEO - but decision are made independently by a board - on base interest rate - and other bank regulatory.

You live either in banana republic or dont know squat. It likely you live in banana republic with emasculated central banker accepting nonsense like gold purchase for oil

yes Central bank is independently run though their policies come from the IMF and other Bretton wood institution in the case of Kenya.

Secondly their policies can either transform lives positively or negatively by either increasing money supply or reducing it.. which ever decision they take either make those under it jurisdiction poorer or richer.

We've seen pieces of policies from the US federal reserve bank that caused an explosion in individual wealth in the US..
We've seen the Bank of England decisions too.

Why is the Kenyan central bank different, why has it supervised the total deprivation of the Kenyan society?

I see Steve Hanke talking about Currency Board in Ghana - and I realized maybe they dont have Central Bank like we do in Kenya.

Quite interesting perspective.

That could explain their mess - and why francophone are better of using CFA - and allowing France to manage their currency.

Otherwise look at Anglophone countries - cant seem to handle currencies.

How is Ghana Central Bank run. Or it's like Nigeria one I saw that distribute farmers fertilizers - rice anchor program run by Central Bank of Nigeria - CRAAAAZY.

Yet their core business the Naira has three exchange rates....from 400 to 800..huge mess.

Just40:
yes Central bank is independently run though their policies come from the IMF and other Bretton wood institution in the case of Kenya.

Secondly their policies can either transform lives positively or negatively by either increasing money supply or reducing it.. which ever decision they take either make those under it jurisdiction poorer or richer.

We've seen pieces of policies from the US federal reserve bank that caused an explosion in individual wealth in the US..
We've seen the Bank of England decisions too.

Why is the Kenyan central bank different, why has it supervised the total deprivation of the Kenyan society?

Yes Bingo! That explain the mess. It appears Bank of Ghana is not independent and work at whims of Ministry of Finance - hence their historical mess.

That explain why Steve Hanke want the return of Bank of Cape Gold coast or currency board -- an independent central banker would do way better.

https://ugspace.ug.edu.gh/handle/123456789/36623
Increasing central bank independence is a recommended strategy for government to establish a credible commitment to price stability, which may be at the expense of other objectives that may be more appealing to the political authorities

This paper seeks to explore the impact of the degree of independence of the Bank of Ghana on inflation from the actual measure of central bank independence context since 1970 to 2007, making use of a general inflation model. The results reveal a negative impact on inflation in Ghana. Which suggests that the turnover rate of governors has a negative effect on inflation. Since the governor of the Bank of Ghana is appointed by the government, there is the likelihood to succumb to pressures from government in the hope to avoid the termination of appointment. The governmental influence makes the pursuance of effective monetary policies less likely on the part of the governor. The policy implications and recommendations from the study emphasize the need to put in place checks to ensure an effective and efficient transparent mechanism between the Bank of Ghana and the general public. Secondly, the goals of the Bank of Ghana should be clearly defined as well as the monetary instrument to be employed to achieve the goals. Finally, the enactment of the fiscal responsibility law will ensure fiscal discipline on the part of governme

Last deputy governor of BOG kicked out by Minister of Finance. Basically MOF runs BOG . And you expect to get handle of CEDIS when MOF is controlling the printing press. The guy just order for printing of money when they get into problems or bone-headed buy gold when they are told forex are running out.

Kenya central bank is completely and totally independent . They enjoy security of tenure. Not even the president can tell them anything. As soon as they are appointed - they have 4- or 8yrs if renewed tenure. All the central bank board members are also independent of MoF.

https://www.bloomberg.com/news/articles/2019-01-17/bank-of-ghana-ex-deputy-says-finance-minister-asked-him-to-leave?srnd=markets-vp&leadSource=uverify%20wall

rvp20182:
I am not asking for communal or family land. I am asking for individual land like say in Accra or cape coast.

You've forgotten that allodial title is individual and also collective family members who all have their share. So the question you're asking is nonsense.

All you need to know is, every Ghanaian own an Allodial title and every family member have a customary freehold to that land,so land here can only be leased and not sold outright. If you need a land from somewhere you're not from, you'll have to lease it. Because the original freeholder is a family member somewhere.

rvp20182:
How is Ghana Central Bank run. Or it's like Nigeria one I saw that distribute farmers fertilizers - rice anchor program run by Central Bank of Nigeria - CRAAAAZY.

Yet their core business the Naira has three exchange rates....from 400 to 800..huge mess.

It's run like the US Fed ... If you know how they operate then you don't need to ask

In short you have very weak land rights - mix of traditional and communal land ownership.

Just40:
You've forgotten that allodial title is individual and also collective family members who all have their share. So the question you're asking is nonsense.

All you need to know is, every Ghanaian own an Allodial title and every family member have a customary freehold to that land,so land here can only be leased and not sold outright. If you need a land from somewhere you're not from, you'll have to lease it. Because the original freeholder is a family member somewhere.

Nope. It's run by Ministry of Finance. That is why Cedis is in trouble often. The Mof are under political pressure to finance the budget. You dont want to give such a guy the minting press - because he will likely print himself our of political pressure - and economy will be damned.

First reform you need is to have independent central banker. That mean security of tenure for governor and deputy governor. Independent board that decides and strict do core central banker job.

And keep the ministry of finance or treasury faaaaaaaaaaar away from Central bank. Mof or Treasury should HAVE NOTHING to do with Central bank appointment. They should at best be enemies.

MOF job is to finance the budget - to move the ship as fast as possible with development or infrastructure- while Central Bank job is to stabilize the the ship so it doesnt capsize.

It's capscizing in Ghana because MOF is running the show. BoG should have been one to tell MoF that gold purchase is nonsense on stilts but they will likely get fired.

It better if you allow France to manage cedis for you - Ivory Coast done way better - and so have french colonies - they dont know what hyperinflation is - because Paris manages their currency - huge responsibility that require huge shoulders.

Just40:
It's run like the US Fed ... If you know how they operate then you don't need to ask

rvp20182:
Last deputy governor of BOG kicked out by Minister of Finance. Basically MOF runs BOG . And you expect to get handle of CEDIS when MOF is controlling the printing press. The guy just order for printing of money when they get into problems or bone-headed buy gold when they are told forex are running out.

Kenya central bank is completely and totally independent . They enjoy security of tenure. Not even the president can tell them anything. As soon as they are appointed - they have 4- or 8yrs if renewed tenure. All the central bank board members are also independent of MoF.

https://www.bloomberg.com/news/articles/2019-01-17/bank-of-ghana-ex-deputy-says-finance-minister-asked-him-to-leave?srnd=markets-vp&leadSource=uverify%20wall

I guess you don't know how the heads of US federal reserve is appointed ... Also you may not know that if the president feels he can't work with, he can ask for your removal.

No wonder COK has supervised the kind of deprivity you see in Kenya.

There are times when money supply need to be increased to create an expansion in the economy

rvp20182:
In short you have very weak land rights - mix of traditional and communal land ownership.

Actually we have the strongest land rights .. you can't play with land rights here like you do in Kenya, else you'll end up in court.

In Kenya today, you guys can't even sue because the lands are with it rightful owners and all of you are just settlers

rvp20182:
Nope. It's run by Ministry of Finance. That is why Cedis is in trouble often. The Mof are under political pressure to finance the budget. You dont want to give such a guy the minting press - because he will likely print himself our of political pressure - and economy will be damned.

First reform you need is to have independent central banker. That mean security of tenure for governor and deputy governor. Independent board that decides and strict do core central banker job.

And keep the ministry of finance or treasury faaaaaaaaaaar away from Central bank. Mof or Treasury should HAVE NOTHING to do with Central bank appointment. They should at best be enemies.

MOF job is to finance the budget - to move the ship as fast as possible with development or infrastructure- while Central Bank job is to stabilize the the ship so it doesnt capsize.

It's capscizing in Ghana because MOF is running the show. BoG should have been one to tell MoF that gold purchase is nonsense on stilts but they will likely get fired.

It better if you allow France to manage cedis for you - Ivory Coast done way better - and so have french colonies - they dont know what hyperinflation is - because Paris manages their currency - huge responsibility that require huge shoulders.

we already have an Independent central bank ...

Kenya needs something like what we have so you guys can free yourself from IMF policy directions which has consistently left a lot of Kenyans in poverty

Ghana has never managed it's macro-economics - so dont run to US Fed. Just run to Ivory coast or Benin or Togo. You're sorrounded by countries will well managed forex - although it's run from Paris. Why go all the way to US?

Central bank should deal with interest, money supply, forex, bla bla without any assistance from anybody. They should be driven by data.

Kenya like US fed - the central banker is appointed by president and approved by parliament.
Then that is it - he is free like a bird to manage the central bank - for 4 yr tenure.
He can tell off anyone.
He can only be removed through a very tough process.

This constitutional office in kenya.

Just40:
I guess you don't know how the heads of US federal reserve is appointed ... Also you may not know that if the president feels he can't work with, he can ask for your removal.

No wonder COK has supervised the kind of deprivity you see in Kenya.

There are times when money supply need to be increased to create an expansion in the economy

Your poor land rights explain why your real estate is stunted.
Kenya land courts are the busiest.
And we use English Common Law. That is modern law. Not traditional stool whatever nonsense.
Whoever has the title deed is the absolute and conclusive owner of that land.
There is no long stories.....you have the title...you sell or buy the land...without calling for family or clan or community meeting.
You take that title..and get bank loan.
The only case is on the validity of title - is it genuine or fake document - not long stories of the queen sister gave me this stool land bla bla.

Just40:
Actually we have the strongest land rights .. you can't play with land rights here like you do in Kenya, else you'll end up in court.

In Kenya today, you guys can't even sue because the lands are with it rightful owners and all of you are just settlers

rvp20182:
Ghana has never managed it's macro-economics - so dont run to US Fed. Just run to Ivory coast or Benin or Togo. You're sorrounded by countries will well managed forex - although it's run from Paris. Why go all the way to US?

Central bank should deal with interest, money supply, forex, bla bla without any assistance from anybody. They should be driven by data.

Kenya like US fed - the central banker is appointed by president and approved by parliament.
Then that is it - he is free like a bird to manage the central bank - for 4 yr tenure.
He can tell off anyone.
He can only be removed through a very tough process.

This constitutional office in kenya.

Data driven is what their policies are led by ... Their direct policy intervention has led to an explosion in the wealth of Ghanaians which has led to a huge middle class greater than Kenya.
That is a success just like the US Fed achieve from the 80s.

The Kenya central Bank governor is stock with policy directions from WEF, IMF and WB and that is why their policies has only negatively affected Kenyan and led to an explosion in multi dimensional poverty and general poverty to the benefit of Indians, Arabians, Chinese and Brits.

Ghana is the West African poster child of Hyperinflation. That mean BOG has done a bad job.
The 2nd would be Nigeria.
The Francophone have done a great job by defaulting to France/Paris to manage their currency.

Ghana at one point it was 1 dollar for 10,000 cedis or 50,0000 cedis. You started again 1:1 ; now we are 1:15; soon we will be hitting 1:10,000 again

In East Africa - Kenya has had stable macro-economics - and we had challenges in 1990s when central bank was under gov.

We changed it - and with 2010 constitution - we took the best - now Central Bank is well run like FEDs.

A country that is Africa poster child of hyperinflation together with Zambia and Zimbwabwe should shut up.

British made a mistake to allow Ghana and such to mint their own money. Now all that gold has never helped.

Ivory coast has just cocoa beans - but is wealthier than Ghana - that has cocoa beans plus many more minerals.

Just40:
Data driven is what their policies are led by ... Their direct policy intervention has led to an explosion in the wealth of Ghanaians which has led to a huge middle class greater than Kenya.
That is a success just like the US Fed achieve from the 80s.

The Kenya central Bank governor is stock with policy directions from WEF, IMF and WB and that is why their policies has only negatively affected Kenyan and led to an explosion in multi dimensional poverty and general poverty to the benefit of Indians, Arabians, Chinese and Brits.

rvp20182:
Your poor land rights explain why your real estate is stunted.
Kenya land courts are the busiest.
And we use English Common Law. That is modern law. Not traditional stool whatever nonsense.
Whoever has the title deed is the absolute and conclusive owner of that land.
There is no long stories.....you have the title...you sell or buy the land...without calling for family or clan or community meeting.
You take that title..and get bank loan.
The only case is on the validity of title - is it genuine or fake document - not long stories of the queen sister gave me this stool land bla bla.

You've forgotten that my real estate sector is larger than yours .... Your African traveller Arrived here and was impressed by the options
Next joke please

You've also forgotten that it was Ghana who introduced you to English common law, also Ghana courts remains the one of the most busiest on the continent.

Kenya, you guys can't even find lands to own because every land has already been taken and those foreign owners won't release it .

You need another redistribution... Because how on earth do you have your own country but you don't own lands.

The land British took was 2 million acres mostly of Maasai land - and almost 95% was sold back to kenyans in 1960s.
What remain is very very little...
Kenya and Ghana real estate are not comparable.
Kenya is aiming at South Africa level.

Maybe Abdjian can speak - it looks twice better than Accra.

Just40:
You've forgotten that my real estate sector is larger than yours .... Your African traveller Arrived here and was impressed by the options
Next joke please

You've also forgotten that it was Ghana who introduced you to English common law, also Ghana courts remains the one of the most busiest on the continent.

Kenya, you guys can't even find lands to own because every land has already been taken and those foreign owners won't release it .

You need another redistribution... Because how on earth do you have your own country but you don't own lands.