₦airaland Forum

jl115:
You said John Kriek won nothing.... Just asking who won 81 and 82 Australian opens

Lol, John kriek is American. .. He currently resides with his family in palm beach garden Florida.

gallivant:
More...

https://pbs.twimg.com/media/E74z-mGXIAQbijM.jpg

Lol


This country should be disbanded from Africa. It's a disgrace.

Kenya budget is 36 billion mad cow.
We normal borrow what we repay - 10 billion borrow - 10 billion repay
Leaving rest of money to finance recurrent plus development.
That is why you see development projects all over

Just40:
lunatic...
Debt servicing is 1.47 trillion (12 billion)
Wages, compensation already takes more than half of your 26 billion budget ...

You can't even finance capital and recurrent expenditure.
The funny thing is that the IMF bailout program you're in will not solve Kenya's problem and cutting down expenditure does not even start to solve the major because it will only reduce your govt debt addition which seek to reduce it budget deficit.
Real problem is how to. Cut Kenya debt servicing cost and wage bill to managed levels in order to have liquidity to avoid further default.

That's what poor finance management looks like

rvp20182:
Kenya budget is 36 billion mad cow.
We normal borrow what we repay - 10 billion borrow - 10 billion repay
Leaving rest of money to finance recurrent plus development.
That is why you see development projects all over

I know you're a lunatic but at least be factual..

Your 2022/2023 budget is reported at 26 billion..

That's not how debt works, lunatic..

There's no money left to finance capital and recurrent expenditure..
Even debt service and wages , your government can't pay because it stands at 140% of revenue, so which one is left that you're referring to ?

When you say development all over, you mean one road in Kenya and one uncompleted interchange in Mombasa

I like the way you guys claim development all over meanwhile your country look like pig pen with an infrastructure gap twice that of Ghana.

Mad cow - trying to project their economic mess around - it's just getting started

It's going to be 10yrs of a mess.

Just40:
I know you're a lunatic but at least be factual..

Your 2022/2023 budget is reported at 26 billion..

That's not how debt works, lunatic..

There's no money left to finance capital and recurrent expenditure..
Even debt service and wages , your government can't pay because it stands at 140% of revenue, so which one is left that you're referring to ?

When you say development all over, you mean one road in Kenya and one uncompleted interchange in Mombasa

I like the way you guys claim development all over meanwhile your country look like pig pen with an infrastructure gap twice that of Ghana.

rvp20182:
Mad cow - try to project their economic mess around - it's just getting started

How is that me projecting
These figures are not from me, they are from Bloomberg
Are they also projecting?


Are you ashamed of your country own mess ?

I already know that my country is in a far better condition because while Kenya has defaulted and been doing so for 2 years already (Sri Lanka like situation).. Ghana has not gotten closed to that yet.

There's no end in site for Kenya.

Ghana's total debt is now 48 billion dollars meanwhile Kenya's is around 80 billion with no liquidity

This Bloomerg - mad cow.

By the time Ghana gov regain the trust of both domestic and international investors - you'll probably be too old to remember this conversation.

What is critical now is to fire Nana and hire someone who can try to restore stability and in a decade win back investors.


Bloomberg Africa
@BloombergAfrica
·
21h

Official
Ghana is asking local bondholders to accept losses on interest payments as it restructures its debt to qualify for a loan from the IMF

Just40:
How is that me projecting
These figures are not from me, they are from Bloomberg
Are they also projecting?


Are you ashamed of your country own mess ?

I already know that my country is in a far better condition because while Kenya has defaulted and been doing so for 2 years already (Sri Lanka like situation).. Ghana has not gotten closed to that yet.

There's no end in site for Kenya.

Ghana's total debt is now 48 billion dollars

You think a sovereign default is a school yard prank - where you shout kenya too

This very serious stuff. Ask you parents how 1982 was - they had to run to Nigeria . This time you might have nowhere to run because Nigeria is also economically in ICU.

Bright Simons
@BBSimons
The deed is done.
Ghana has unilaterally announced a default. First time since 1982. In certain like-for-like respects though it is the 1st time since the 1972 commercial loan default. The question on everyone's mind is: would things be smooth or rough with the other steps ahead?

rvp20182:
This Bloomerg - mad cow.

By the time Ghana gov regain the trust of both domestic and international investors - you'll probably be too old to remember this conversation.

What is critical now is to fire Nana and hire someone who can try to restore stability and in a decade win back investors.


Bloomberg Africa
@BloombergAfrica
·
21h

Official
Ghana is asking local bondholders to accept losses on interest payments as it restructures its debt to qualify for a loan from the IMF

Ghana will be back on the international bond market in 2 to 3 years time

Everyone knows that Ghana has swapped it domestic debt.

Next excuse for why Kenya keep defaulting

You can't hide your Zoo Kenya gross ineptitude under Ghana debt swap

You think they are mad people willing to throw their money away.

1982 - this was the story - prepare to head to Burkina Faso

I dont see Nigeria helping - so learn some French - Ivory coast sounds like a good idea

Just40:
Ghana will be back on the international bond market in 2 to 3 years time

Everyone knows that Ghana has swapped it domestic debt.

Next excuse for why Kenya keep defaulting

rvp20182:
You think they are mad people willing to throw their money away.

1982 - this was the story - prepare to head to Burkina Faso

Buy one for you and your family in Kenya as you'll need it when everything comes to a head next year in Kenya.


Ghana GDP is 80 billion dollars and it total debt is 48 billion dollars, a reduction from 54 billion dollars early this year.
Spending 35% of revenue to service it debt and 30% on compensation leaving 30% to 35% for other govt activities.
With a petroleum fund and a minerals fund to carry out big budget infrastructure funding

Mad cow.
Today your own gov admitted that debt has long passed 100% gdp to debt.
They hired 5 different intl consultancies - plus IMF technical team - all came to conclusion - Ghana economy is gone - debt is now 120% to gdp
Stop talking about GDP
That one will crash!!!

Just40:
Buy one for you and your family in Kenya as you'll need it when everything comes to a head next year in Kenya.


Ghana GDP is 80 billion dollars and it total debt is 48 billion dollars, a reduction from 54 billion dollars early this year.
Spending 35% of revenue to service it debt and 30% on compensation leaving 30% to 35% for other govt activities.
With a petroleum fund and a minerals fund to carry out big budget infrastructure funding

Mad cow
Your gov twisted like you're doing until it accepted fate
https://www.reuters.com/article/ghana-economy-debt-idUSL1N32V0IE

ACCRA, Dec 5 (Reuters) - Ghana plans to reduce its debt-to-GDP ratio to 50% by 2028 from more than 100% currently, Finance Minister Ken Ofori-Atta said on Monday, adding that interest payments were absorbing between 70% and 100% of government revenues.

rvp20182:
Mad cow.
Today your own gov admitted that debt has long passed 100% gdp to debt.
They hired 5 different intl consultancies - plus IMF technical team - all came to conclusion - Ghana economy is gone - debt is now 120% to gdp
Stop talking about GDP
That one will crash!!!

I know you don't know how these things work ...
Basically, they pick the debt and measure it at prevailing market rate and compare it with GDP at beginning of year (basically recalibrate higher exchange rate and quasi-deflate nominal GDP), it'll be at 105% percentage. I know your head feels like exploding at this point.
Economics is not for the faint hearted

Now the year is almost at an end and end of year GDP is 80 billion dollars which becomes the new base year for reporting while the debt is at 48 billion. So basically we are at 60%, so I'm not surprised my finances minister quoted it at 68% in his last reporting in October or August.

Proof from Ghana budget statement ... You need to try harder
These things are above your tiny Brain.


Looking at Ghana's borrowing pattern, it can only get it debt to GDP ratio to below 55% which is the recommended rate for economies like Ghana and Kenya.


Meanwhile as we speak the Kenyan GDP is at 13 trillion kshs (106 billion dollars) while debt is almost 9.4 trillion kshs

gallivant:
You were warned long time ago...

https://pbs.twimg.com/media/FYNDRBDXoAAM67A.png

Make Kenya your focus and Stop insulting our sensibilities

popizaino:
I know you live in an alternate Ghana different so pls spare me your BS. I am not interested.

And So ?

I wonder why Steve Hanke always had nothing to say about Kenya's data. Is Kenya so irrelevant, that the only thing he had to say had nothing to do with Kenya's stats but a jibe.

rvp2018:
Kenya even tried to talk to Nana to call for debt relief and IMF support when 1st signal of danger was sounded in 2020;
He said hell no - we dont want anything that can mess our credit rating - we want to borrow more Eurobond.
We want to borrow more and more eurobond - we want to even float century bond.

Kenya policy wonks must have left with their mouth wide open.

They are most lavish of govs in Africa - together with Zambia - bereft of any prudency.

Yes Ghana's economy is at its worst form but your incessant writeups and noise is a smack on the face.

obaaderemi:
I wonder why Steve Hanke always had nothing to say about Kenya's data. Is Kenya so irrelevant, that the only thing he had to say had nothing to do with Kenya's stats but a jibe.

Because Kenya does not subscribe to open data and efficient economic data reporting..
Basically another Russia or North Korea

Brazil dey beat Korea like arm robber eey hand touch.

Brazil (3-0) South Korea

Shma2022:
Damn .. Brutal facts.

Pre-Covid era when some YouTube channels and international media houses were calling him the best President in African, I would just shake my head and laugh

He is a true reflection of failure

What the Kenyan govt saw 6 years ago and opted to build an elevated road of their own
The beauty in orderliness..


https://www.youtube.com/watch?v=cHHA23ll0BY

vankelvin:
Make Kenya your focus and Stop insulting our sensibilities

I am waiting for you fools to exit our thread first.

obaaderemi:
I wonder why Steve Hanke always had nothing to say about Kenya's data. Is Kenya so irrelevant, that the only thing he had to say had nothing to do with Kenya's stats but a jibe.

Because Kenyan leaders are not too arrogant and too-knowing like what we have in Ghana.
All the problems we are facing are self inflicted.

The Opposition and the technocrats forsaw this situation, they made all the noise they could but the clueless President and his stealing machinery(appointees) rejected any opinion.
Its a lesson for the supporters of the ruling party because In all of this they are suffering more than any Ghanaian

gallivant:
I am waiting for you fools to exit our thread first.

Keep waiting cos you will wait forever.

vankelvin:
[b]
Because Kenyan leaders are not too arrogant and too-knowing like what we have in Ghana.
All the problems we are facing are self inflicted.

The Opposition and the technocrats forsaw this situation, they made all the noise they could but the clueless President and his stealing machinery(appointees) rejected any opinion.
Its a lesson for the supporters of the ruling party. In all of this they are suffering more than any Ghanaian

they've gone quiet for some time now

vankelvin:
[b]
Because Kenyan leaders are not too arrogant and too-knowing like what we have in Ghana.
All the problems we are facing are self inflicted.

The Opposition and the technocrats forsaw this situation, they made all the noise they could but the clueless President and his stealing machinery(appointees) rejected their opinions.
Its lesson for the supporters of the ruling party. In all of this they are suffering more than any Ghanaian

don't let the Kenyans make u sober, baba. Almost all African countries have shortcomings here and there, Kenya is not immuned. I was at a program last Saturday and the director general of our debt management office made some remarkable speech/lecture about debts in entirety, even showed graphs showing African countries and their respective debt and so on..... U wouldn't even believe Ghana still fair better than Kenya when it comes to debt management.

Don't let these dudes fool u, they're throwing jabs around when the monster abides with them.

Just40:
they've gone quiet for some time now

I'm praying for the day they will become fed-up and start talking. Now Kuffour has started speaking, he's seen nothing yet

vankelvin:
[b]
Because Kenyan leaders are not too arrogant and too-knowing like what we have in Ghana.
All the problems we are facing are self inflicted.

The Opposition and the technocrats forsaw this situation, they made all the noise they could but the clueless President and his stealing machinery(appointees) rejected any opinion.
Its a lesson for the supporters of the ruling party because In all of this they are suffering more than any Ghanaian

The open speech in Ghana gave birth to that ........ Have you wonder why no negative remarks comes from rwanda , it is always rossy there ..... what do you think .

vankelvin:
I'm praying for the day they will become fed-up and start talking. Now Kuffour has started speaking, he's seen nothing yet

Kuffour and all the rest raise a beast they can't control and he has done them dirty.. no wonder Ken is washing all of their dirty laundry in public.
Did you listen to Bernard this morning?

theenchanter:
don't let the Kenyans make u sober, baba. Almost all African countries have shortcomings here and there, Kenya is not immuned. I was at a program last Saturday and the director general of our debt management office made some remarkable speech/lecture about debts in entirety, even showed graphs showing African countries and their respective debt and so on..... U wouldn't even believe Ghana still fair better than Kenya when it comes to debt management.

Don't let these dudes fool u, they're throwing jabs around when the monster abides with them.

I'm very much aware of Kenyans economic situation and their comments here doesn't move me at all but then Im also not pretentious like they are.
I prefer to say things the way they are.
I started lambasting our President as far back as 2018 even though I voted for him in the 2016 elections. From his speeches and actions I got the feeling that he is empty (an old braggat) and I've since not liked his way of governing

vaxx:
The open speech in Ghana gave birth to that ........ Have you wonder why no negative remarks comes from rwanda , it is always rossy there ..... what do you think .

The Ghanaian social class is well connected on both Wall Street, London and Frankfurt and the data flow is like a highway.
No wonder the Kenyans had to come to Ghana with 38 MPs and their economic team to seek our help with their debt freeze negotiation