₦airaland Forum

vankelvin:


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

they are some social intervention the govt embarked on that really caused this mess . And I called it necessary debt .

The free education for instance , even if you are to blame them for anything , remember many student are schooling and eating freely .

I agree this is not what we bargain for ?

vankelvin:
Keep waiting cos you will wait forever.

You will cry forever then.

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 .

I prefer the Rwanda style

Paul Kigame doesn't allow free speech
He is very autocratic and all but the guy is working, he is walking his talk
Unlike our clueless arrogant President who will talk plenty and do nothing.

Even in our current situation he and his appointees are still living lavishly and they won't listen to any good counsel.

Just40:
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?

I have stopped listening to morning shows cos I always get angry after listening to some stupid communicators

vaxx:
they are some social intervention the govt embarked on that really caused this mess . And I called it necessary debt .

The free education for instance , even if you are to blame them for anything , remember many student are schooling and eating freely .

I agree this is not what we bargain for ?

They refused all advise to start the FSHS gradually. Sake of some cheap propaganda they decided to do a full scale programme and we are where we are today. I'm not impressed with this FSHS at all.

vaxx:
they are some social intervention the govt embarked on that really caused this mess . And I called it necessary debt .

The free education for instance , even if you are to blame them for anything , remember many student are schooling and eating freely .

I agree this is not what we bargain for ?

Free education is not part.
It mostly their attempt to buy shares in the oil and gas business in their family interest using public debt and also create alternative fuel supply businesses for the power sector (a 5 billion dollars turn around business)

Mind you, their main aim of coming to power was to create a financial behemoth around the Akyems side of the NPP faction.
Doing so will make them control the party for ever.

This is why Ken has risen up for the Asante side.

vankelvin:
I prefer the Rwanda style

Paul Kigame doesn't allow free speech
He is very autocratic and all but the guy is working, he is walking his talk
Unlike our clueless arrogant President who will talk plenty and do nothing.

Even in our current situation he and his appointees are still living lavishly and they won't listen to any good counsel.

Leave that to Kenya... Ghana doesn't deserve that kind of despotic system

vankelvin:
I have stopped listening to morning shows cos I always get angry after listening to some stupid communicators

Well I've not listen to one in the last 6 years because it always made me pissed but someone promoted me to listen to something this morning and it was quite sound

vankelvin:
They refused all advise to start the FSHS gradually. Sake of some cheap propaganda they decided to do a full scale programme and we are where we are today. I'm not impressed with this FSHS at all.

FSHS only cost us 2 billion per year.. that's peanut money

vaxx:
they are some social intervention the govt embarked on that really caused this mess . And I called it necessary debt .

The free education for instance , even if you are to blame them for anything , remember many student are schooling and eating freely .

I agree this is not what we bargain for ?

E go better.

As usual

You guys are hilarious.
Kenya has one Africa most vibrant media;
In fact, all international media houses are almost Hqed in Kenya
Check almost all of them - few have Joburg - but majority report from Nairobi
Even smallest story get coverage.
Kenya is one quarrelsome noisy country - and this not new thing - this is very old thing.

If there is a problem in kenya economy, it will get reported.

Why is kenya unique in Africa - it's down to ability to self-correct - and avoid going into precipice.

Kenya has nothing almost - no arable land - no mighty rivers - no minerals - but it has some most educated people.

And most importantly some of most well-trained policy wonks.

Africa countries should learn from kenya - kenya got it foundation right - we refused to expel Asian and White proffesionals until we were ready.

In some areas like Judiciary - we had 1st kenya chief justice in 1995 - after the Ghanian. Before that we kept white men as our chief justice because we were no ready.

In many areas of economy - we still retain white kenya like Terry Ryan - MIT old guy - who taught at UON - he is father of kenya economics - and has trained almost all kenya economist - and still sit at kenya economic apex - until recently.

These things are complicated - and need professionals of highest IQ and integrity - we actually asked US - we dont want money - we want technical support - take our best kids - train them in Harvards.

We thanked them by rewarding them with Obama.

Respect professionals. Someone who is Prof of say John Hopkins like Steve Hankes. Please respect him.

If Terry Ryan say we are f.cuked everyone listens.

How does one explain that Ghana a big gold, oil, aluminium, name it producer is now bankrupt?

or Nigeria has been bankrupt forever.

Listen to proffesionals. Respect them. WTO picked a Nigerian whom nobody in Nigeria respect. WTO is big deal. The only sector that function in nigeria is banking thanks to her. She used her brain to save Nigeria 33B dollars - more than any oil

Countries that have excelled listened to their proffesional. China is good example. Chinese leaders have very very high IQ. China is probably the only MERIOTRACY in the world - someone like Xi Jinping IQ is only comparable to maybe former Germany Angela merkel - one brilliant woman- or maybe Obama. The average chinese leader has IQ of maybe 150.

Chile became only LATAM to excel by listening to proffesinal...Chicago boys.

Now when someone like Steve Hankes say you're going down - you attack him - a whole proffesor of economics in IVY league -and you're there attacking him

You think Steve cares about Ghana - next week he will be in Laos.

By then Ghana is down - because this not the first or last country to go down - they know the signs - they know the symptoms - they are economic doctors.

vankelvin:
[b]
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 governaning

Just40:
As usual

I think Egypt actually has the highest remittances in Africa with about 30 Billion dollars. Nigeria used to get around 25 Billion dollars at some point. Nigeria is top in Subsaharan Africa and 2nd in Africa.

GeneralDae:
I think Egypt actually has the highest remittance in Africa with about 30 Billion dollars. Nigeria used to get around 25 Billion dollars at some point. Nigeria is top in Subsaharan Africa and 2nd in Africa.

I thought we all knew that when they say Africa, mostly North Africa is not part because they add them to MENA

Just40:
FSHS only cost us 2 billion per year.. that's peanut money

They are not even spending up to that amount

Kenya judiciary
We had kenya Kitili mwendwa for 3yrs in 68-72 - joined politics, became minister and died (killed for attempting a failed coup)
Until 1997 all were non indigenous.
Cecil Miller was from Caribean - black
Appollo from Ghana

Dont rush to appoint idiots when they are not ready - otherwise IMF will bring their entire team. Minister of Finance or Central Bank governor requires highest IQ possible otherwise put a mad man like Ghanian and he sinks an Africa biggest gold producer - how did you manage such feat

Mad man goes - we will buy oil using gold and problem is solved - then you know this country is gone to dogs. Dude the problem is you went and borrowed whole lot of expensive debt without thinking of the rainy day - there is nothing wrong with dollars

Sir John Ainley
(1906–1992) 1964 1968 J. Kenyatta
2 Kitili Mwendwa
(1929–1985) 1968 1971 J. Kenyatta
3 Sir James Wicks
(1901–1989) 1971 1982 J. Kenyatta
4 Sir Alfred Simpson
(1914–2003) 1982 1985 Moi
5 Chunilal Madan
(1912–1989) 1985 1986 Moi
6 Cecil Miller
(1916–1989) 1986 1989 Moi
7 Allan Hancox
(1932–2013) 1989 1993 Moi
8 Fred Apaloo
(1921–2000) 1993 1994 Moi
9 Abdul Majid Cockar

Then black kenyans since then

Now we have Kenya women Chief justice, deputy women chief justice, chief register is a woman. They know the standard that has been set is VERY HIGH.

vankelvin:
They are not even spending up to that amount

that's what they spend on entire program

My last on Ghana today.
Zambia new president has fixed Zambia ...who also defaulted two years ago.
You know what is coming.
IMF is coming with chemo and radio therapy.
Why wait for it.
Start now.
Cut budget by 50%.
Completely cut development budget.
Trim everything - allowances and salaries.
But try to keep social spending - free education - remove useless boarding thing -make parent pay for 50%
Suspend anything that can be suspended.
Unfortunately, it has come to this - it would have been better if you had responded earlier
Once you do that - market will start listening again.
IMF will relax.

But now IMF are now just preparing the treatment regime that will last 10yrs.

In 2015 - it lasted 3yrs because Ghana didnt default - now default is min 10yrs - possibly 20yrs or Zimbwabwe nobody knows when

Any bond holder who is alive today will never buy Ghana debt in their lifetime.

I have met bitter kenyans who got rutted in 1993 - and they still fear to date to save money in kenya banks
You wake up to find your lifetime investment and retirement plans are worthless.

People buy gov debts because gov can never default (or so people think) - when it default - it almost impossible to regain that trust.

kkins25:
[s]
Neither are they for Akufo-Addo. You see, when most states govenors are your party members, it is easier for you to implement your policies. Why hasn't Education changed on bit in naija, why? State government?? NOoooooooo..

Moreso, from my understanding, the bodies that manage the standard of education across all states are united aren't they? Isn't that why they call them "Ministry of Education?" Okay good. Who appoints the 'man' that oversees the activities associated with the ministry of Education? state governor? NOoooooo...

Not saying you don't have a point, you do. But when it comes to governance, akufo-addo and Buhari no be mates. Plus, education system is like absolutely free, plus feeding. My sibling attends a public school nd i can actually beat my bloody chest and tell you that the average public school in Ghana is on par with some high profile private schools in naija.

I've marked waec before bro, so i know what i'm saying.
Have you seen news where Ghanaian students score highest scores in waec? bro, does kids are mostly from public schools. It surprises me too.


I shouldn't have to tell you sha. Infact, a lot of Governors in Nigeria can't go beyond chieftaincy title in Ghana. Kikikikiki...

Lastly, before you think it's my Ghanaian bias, I stayed in naija for the 24 years.. i've only been in Ghana for 3. Capecoast uni the best uni in west africa?? ordinary capecoast uni? ohhhh,,, naija needs to have a nuclear weapon shot at it, then we start from scratch..

Have you been to community where a grinding machine operator who stays in the village, and watches TV while grinding maize in his shop? Even more shocked was i, when i went to que in line with a load of local fisher women for health care insurance.. Bro, Ghana is like miles ahead. Don't get me started self. Let me chip in that public schools teachers are better paid.
So where is all this money coming from? the small petroleum reserve discovered just some few years ago.. Ghana has its bad side too, one being the hookup culture of nurses [/s]

Dammit, painment full dis one body, he couldn't do anything to Change anything in his village school in his state only 4 him to run to another man's country nd take advantage of tax payers money. Now he is boasting of another country Healthcare nd even posting laughing emoji thinking he is making sense.
Damn, Nigeria don't deserve some people born in it.

Final education of Lunatic Kenyans on Bonds

Reselling bonds is not a default.
If you won't take it from a prof like me you can read it from the investment community on Investopiedia

Not every country is as backward as Kenya or bankrupt like Kenya to default. I know you want company in your classic default so that you can argue that, even a better country like Ghana defaulted but that's not the case.

Take solace that you're at the same level with Zambia, Sri Lanka and co.

Lmao! Why couldn't you just meet your debt obligations? This gets more embarrassing by the day!!

Shma2022:
Congrats to that boer.

South African

vaxx:
they are some social intervention the govt embarked on that really caused this mess . And I called it necessary debt .

The free education for instance , even if you are to blame them for anything , remember many student are schooling and eating freely .

I agree this is not what we bargain for ?

Did you see this

gallivant:
I must have missed it then. Please answer and quit the games Boer.

Not my problem if you missed it.

Shma2022:
It should bother you less when I say congrats to Boer -- cos they are.
Also, kalenjins dominate marathon and long-distance races -- we refer to them as Kalenjins because they are. Kikuyus are dominant in safari rally --- Luhyas and luos are dominant in rugby --- Mijikenda are good at swimming... Etc. We should be proud of our races and ethnicities.

are they representing their race or country?

Shma2022:
But You're telling me history.
Should history be used as a yardstick for that matter?

yes....literally... Yes.... And even now we are better since we also rank higher in the Davis cup

Shma2022:
Lol, John kriek is American. .. He currently resides with his family in palm beach garden Florida.

he represented SA when he won, also he only changed nationality due to our sports boycott.... Also he now has dual citizenship

Look at these Ghanian mad cow.
What you did is default then force investors to extend their maturityy
When you're broke; you cant pay; but at least you said we will pay in the future.

As for bond swaps/switch bonds - almost everyone does that - you offer investors the chance to say yes or no.

The bond or debt holders can choose to extend the maturity of the loan and earn more interest or not.

When you wake up on Sunday - force all bonds to start maturity in 2027 - and give them ridiculous interest - you're asking investors to take huge losses - and you're going to lose market trust - locally and domestically - and for next decade - only IMF/WB - can lend you.


Below is an example of Switch Bond of 87B Kshs- where Kenya gov asked bond holders to extend their bond maturity.

60% percent accepted at almost 14% interest. The rest refused. Kenya gov will therefore pay those who refused.

Interest jumps 72 per cent in new bond switch initiative: Investors who opted to roll over their securities into a new infrastructure bond will benefit from rising rates in government debt. #CBK Read more on
@BD_Africa

Ghana defaulted because it resorted to basically can't pay now and will pay what we want when we want and poor investors have no option except maybe go to court

Just40:
Final education of Lunatic Kenyans on Bonds

Reselling bonds is not a default.
If you won't take it from a prof like me you can read it from the investment community on Investopiedia

Not every country is as backward as Kenya or bankrupt like Kenya to default. I know you want company in your classic default so that you can argue that, even a better country like Ghana defaulted but that's not the case.

Take solace that you're at the same level with Zambia, Sri Lanka and co.

Just40:
that's what they spend on entire program

These people I know them, some of the monies are going into their pockets

vankelvin:
These people I know them, some of the monies are going into their pockets

You are back? Would you like me to start you a Ghana thread where you can discuss Ghanaian affairs?

AfriqueDuZuid:
Did you see this

Yup.

https://pbs.twimg.com/media/FijTYANX0AIG2FM.jpg

rvp2018:
Look at these Ghanian mad cow.
What you did is default then force investors to extend their maturityy
When you're broke; you cant pay; but at least you said we will pay in the future.

As for bond swaps/switch bonds - almost everyone does that - you offer investors the chance to say yes or no.

The bond or debt holders can choose to extend the maturity of the loan and earn more interest or not.

When you wake up on Sunday - force all bonds to start maturity in 2027 - and give them ridiculous interest - you're asking investors to take huge losses - and you're going to lose market trust - locally and domestically - and for next decade - only IMF/WB - can lend you.


Below is an example of Switch Bond of 87B Kshs- where Kenya gov asked bond holders to extend their bond maturity.

60% percent accepted at almost 14% interest. The rest refused. Kenya gov will therefore pay those who refused.

Interest jumps 72 per cent in new bond switch initiative: Investors who opted to roll over their securities into a new infrastructure bond will benefit from rising rates in government debt. #CBK Read more on
@BD_Africa

Ghana defaulted because it resorted to basically can't pay now and will pay what we want when we want and poor investors have no option except maybe go to court

cry me a river, cry blood, still we are not joining Kenya there.
Education is free