₦airaland Forum

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

not really.... You can check out the auditor general report

Why would I cry yet I have never and will never invest in Ghana gov bonds?

You should cry because your own pension, insurance and investment is going to be affected.

""After destroying the economy through reckless borrowing and corruption, the Akufo-Addo government is refusing to pay people who have put their lifetime savings into buying government bonds."
https://www.msn.com/en-xl/africa/other/economic-hardship-to-eat-away-pensions-bonds-and-insurance-finance-minister-bog-governor-tells-heads-of-financial-institutions-in-secret-meeting/ar-AA14UKRG

And you think this is a joke!!!!!!!! default is big big mess - your own gov confess this hole will be filled up in 2037

They confessed on a secret meeting to the Financial Institutions that the country’s debt crisis will last till 2037 with lots of unintended consequences on every facet of national and individual lives.

Just40:
cry me a river, cry blood, still we are not joining Kenya there.
Education is free

rvp20182:
Why would I cry yet I have never and will never invest in Ghana gov bonds?

You should cry because your own pension, insurance and investment is going to be affected.

""After destroying the economy through reckless borrowing and corruption, the Akufo-Addo government is refusing to pay people who have put their lifetime savings into buying government bonds."
https://www.msn.com/en-xl/africa/other/economic-hardship-to-eat-away-pensions-bonds-and-insurance-finance-minister-bog-governor-tells-heads-of-financial-institutions-in-secret-meeting/ar-AA14UKRG

And you think this is a joke!!!!!!!! default is big big mess - your own gov confess this hole will be filled up in 2037

They confessed on a secret meeting to the Financial Institutions that the country’s debt crisis will last till 2037 with lots of unintended consequences on every facet of national and individual lives.

Keep crying... I taught you said it wasn't a consensus

You don't have money to invest in Ghana, so don't bother.
Ghana has the best returns on investment on the continent and that is why the likes of Franklin Templeton Investment has huge interest here.

Like I said, education is free

Not too bad.

Maybe there is a secret consensus for your banking sector to go under until 2037. You have now graduated to full Zoo from a mini zoo. Continue on the denial mode until your banks start collapsing, insurance do the same, and your cedis just got started on adding zeros.

Just40:
Keep crying... I taught you said it wasn't a consensus

You don't have money to invest in Ghana, so don't bother.
Ghana has the best returns on investment on the continent and that is why the likes of Franklin Templeton Investment has huge interest here.

Like I said, education is free

Nigeria is a funny country. While Nigeria struggles with electricity, a whooping 4.014 trillion naira (around 10 Billion dollars) is total debt being owed to Nigeria by Togo, Niger, and Benin Republic since 2018 for electricity supply.

https://www.vanguardngr.com/2022/12/power-supply-reps-probe-n4-014trn-debts-by-togo-benin-niger-republics/

GeneralDae:
Nigeria is a funny country. While Nigeria struggles with electricity, a whooping 4.014 trillion naira (around 10 Billion dollars) is been owed to Nigeria by Togo, Niger, and Benin Republic since 2018 for electricity supply.

https://www.vanguardngr.com/2022/12/power-supply-reps-probe-n4-014trn-debts-by-togo-benin-niger-republics/

Corruption.

Holy cow

GeneralDae:
Nigeria is a funny country. While Nigeria struggles with electricity, a whooping 4.014 trillion naira (around 10 Billion dollars) is total debt being owed to Nigeria by Togo, Niger, and Benin Republic since 2018 for electricity supply.

https://www.vanguardngr.com/2022/12/power-supply-reps-probe-n4-014trn-debts-by-togo-benin-niger-republics/

Unfortunate price to pay so they won't dam river Niger on their end.

GeneralDae:
Nigeria is a funny country. While Nigeria struggles with electricity, a whooping 4.014 trillion naira (around 10 Billion dollars) is total debt being owed to Nigeria by Togo, Niger, and Benin Republic since 2018 for electricity supply.

https://www.vanguardngr.com/2022/12/power-supply-reps-probe-n4-014trn-debts-by-togo-benin-niger-republics/

Ghana. Banking crisis starts. Sobbing Women here claims to have gone to withdraw 2,500 cedis...her bank only allowed her 250 cedis.
https://twitter.com/GhanaSocialU/status/1599709957003235329

And it get interesting - the pensions, AG of Ghana and pretty much reject the unilateral decision to force them to take losses

chrisooblog:
Unfortunate price to pay so they won't dam river Niger on their end.

Yeah but that's mostly an issue only with Niger Republic right?

Digital Economy

Kenya meanwhile to lay 100,000 kms of Fiber along all power transmission line connecting 8.5m homes to fiber, 29,000 shopping center with fiber and free hotspot, and 27,000 public primary schoos.

Pres William Ruto: We want to make sure every shopping centre will be on internet and will have a hotspot. We also want to lay our fibre network on the Kenya Power transmission lines so that 8.5 million homes that are connected to electricity are equally connected to the internet.

Pres Ruto: I deliberately decided that this year’s Jamhuri Day is going to be profiled properly and themed as the innovation Jamhuri Day. Instead of inviting the usual people who we invite, I have decided to invite our technology leaders worldwide from Facebook and from Google

Pres Ruto: In the next 6 months we want to have digitized all government services (about 5,000 government services -only 15% now digitized). I am very confident that this is going to happen because the digital economy has the potential to enhance productivity, expand incomes and improve the socio-economic well-being of all our people

Pres William Ruto: We want to make sure every shopping centre will be on internet and will have a hotspot. We also want to lay our fibre network on the Kenya Power transmission lines so that 8.5 million homes that are connected to electricity are equally connected to the internet pic.twitter.com/ZcDk5GdzSI

— Citizen TV Kenya (@citizentvkenya) December 6, 2022

If this is done - this would put kenya above many developed countries - on digital connectivity. At least 1 million young folks can then find online gigs from their homes.

rvp20182:
Ghana. Banking crisis starts. Sobbing Women here claims to have gone to withdraw 2,500 cedis...her bank only allowed her 250 cedis.
https://twitter.com/GhanaSocialU/status/1599709957003235329

And it get interesting - the pensions, AG of Ghana and pretty much reject the unilateral decision to force them to take losses

Trust the mad cow to come here and deflect to Kenya topics. This is a Nigerian saying the same thing you have been telling the mad cow but like the typical timid Ghanaian he is,he will never own up to this obvious hopeless situation Ghana is currently in, but keep clutching at every straw available. Since he has sworn never to agree with you,i will keep posting screenshot that agrees with you to keep exposing his foolishness.

The mad cow is wasting his time and energy fighting FACTS.
Those are incredibly stubborn things.
Their own gov admitted they a f.cuked until 2037.
The loss of trust is biggest problem - both domestically and internationally - and locks out Ghana from borrowing without security.
They will only have access to AID money - World Bank and such "loan" as AID.
Once IMF get done - maybe in 5-10yrs - they might get access to bilateral lending from friendly countries.
It will be a decade before someone can buy ghana treasury bonds or Eurobonds.
And they will demand crazy interest to take care of their risks of another default.

It's easy to default but it's incredibly hard to come out of it.

Ask Argentina. Zimbwabwe and others.

Argentina started in 2001 - now we are going 30yrs - they have yet to recover.

popizaino:
Trust the mad cow to come here and deflect to Kenya topics. This is a Nigerian saying the same thing you have been telling the mad cow but like the typical timid Ghanaian he is,he will never own up to this obvious hopeless situation Ghana is currently in, but keep clutching at every straw available. Since he has sworn never to agree with you,i will keep posting screenshot that agrees with you to keep exposing his foolishness.

rvp20182:
The mad cow is wasting his time and energy fighting FACTS.
Those are incredibly stubborn things.
Their own gov admitted they a f.cuked until 2037.
The loss of trust is biggest problem - both domestically and internationally - and locks out Ghana from borrowing without security.
They will only have access to AID money - World Bank and such "loan" as AID.
Once IMF get done - maybe in 5-10yrs - they might get access to bilateral lending from friendly countries.
It will be a decade before someone can buy ghana treasury bonds or Eurobonds.
And they will demand crazy interest to take care of their risks of another default.

It's easy to default but it's incredibly hard to come out of it.

Ask Argentina. Zimbwabwe and others.

Argentina started in 2001 - now we are going 30yrs - they have yet to recover.

One MP from the minority group is telling them the current economic mess will take at least 15years to rectify but one mad cow here and deny and tell you Ghana hasn't defaulted.

Kenya Government to abolish boarding schools - PS Belio
Grades 1 to 9 pupils to learn in day primary schools.
In Summary
The government will from January do away with boarding primary schools for pupils learning in grades 1 to 9.
The net effect of the radical policy means that pupils transiting to Junior Secondary Schools will join day schools in their home areas.

Kipsang' said that Kenya has the highest percentage of its children globally in boarding schools, standing at 28 per cent.

He said this is against the global rate in most countries which stand at 15 per cent.

And unlike mad Ghanians here - I see majority of kenyans are in total support

-->Abolish all boarding facilities at all levels. Even secondary schools and universities. They should not have hostels provided by the institution. A school should focus on academics. Not boarding and lodging. That should be the familys responsibility. Parents must deal with their kids daily. You brought it into the world so enjoy your time with it.

-->THIS is fantastic news. Parents cannot continue outsourcing their parenting duties to teachers in boarding schools. Govt should also look for a legal way to force deadbeat and absentee fathers to help in co-parenting. There are just too many single mothers in this country.

-->This is well overdue, most parents have no idea who their children are because they send them away to these boarding schools at very early ages. Raised by teachers and their peers and in the end we lack basic family connections and values

-->Perfect. Kids 12 and below should be with their parents, not peers.

--> I think the founders of CBC had good intentions with our parenthood!! It's so family focused. Yes we need a surgical operation to fix our country it's morals and values! Good work belio

--> It's the high time we took responsibility for our children's growth and development as parents.

--> Right move.

--> Some wonderful news. I've been advocating for this for years. I cannot understand how any responsible parent would like to be detached from their own kid at the most crucial part of their growing up.

Morroco look legit contender.

kkins25:
.

Hope you aware people are making money on the Ghana Stock Exchange and it gets talked about less.

GHS1000 invested in FanMilk in January 2021 became GHS3700. A 270% rise.

Benso Palm did 233%

Guinness - 100%

Ecobank - 75%

- GSE

Get link up to a broker

Ghana maintained its position as the 2nd largest recipient of remittances in sub saharan Africa, recording $4.7 billion inflows in 2022.

This is 4.4% more than the previous year.

Meanwhile, Nigeria maintained its 1st position with the largest remittance inflows of $20.9 billion in 2022.



I guess this is the reason some people are happy about the dollar rise. "" A rise in money send home .

rvp20182:
Ghana. Banking crisis starts. Sobbing Women here claims to have gone to withdraw 2,500 cedis...her bank only allowed her 250 cedis.
https://twitter.com/GhanaSocialU/status/1599709957003235329

And it get interesting - the pensions, AG of Ghana and pretty much reject the unilateral decision to force them to take losses

You are such an ass punk, how much is 2500 cedis, that the bank will not be able to pay, when people are doing transaction of more than a thousand dollar thru their mobile wallet . You just like to learn by fooling. Ghana bank is not facing withdrawal issues except on dollar account which is also applicable to any africa country . I dare you to tell anybody you know who has a dollar account to go withdraw 10 thousand from his account tmrw in Nairobi, if the bank will not request the fellow to fill hundered of documents. that is even if they will released it. Africa is currently in mess , but if we are to measure the biggest mess, I bet kenya owns makes a whole sewage .

So bad for kenya educational system . Thank devil , none of my DNA make up school there .

If no be boarding system , how I go learn how to cut common grass, take sabi use boxing defend my self . Sabi public speaking

rvp2018:
Kenya Government to abolish boarding schools - PS Belio
Grades 1 to 9 pupils to learn in day primary schools.
In Summary
The government will from January do away with boarding primary schools for pupils learning in grades 1 to 9.
The net effect of the radical policy means that pupils transiting to Junior Secondary Schools will join day schools in their home areas.

Kipsang' said that Kenya has the highest percentage of its children globally in boarding schools, standing at 28 per cent.

He said this is against the global rate in most countries which stand at 15 per cent.

And unlike mad Ghanians here - I see majority of kenyans are in total support

-->Abolish all boarding facilities at all levels. Even secondary schools and universities. They should not have hostels provided by the institution. A school should focus on academics. Not boarding and lodging. That should be the familys responsibility. Parents must deal with their kids daily. You brought it into the world so enjoy your time with it.

-->THIS is fantastic news. Parents cannot continue outsourcing their parenting duties to teachers in boarding schools. Govt should also look for a legal way to force deadbeat and absentee fathers to help in co-parenting. There are just too many single mothers in this country.

-->This is well overdue, most parents have no idea who their children are because they send them away to these boarding schools at very early ages. Raised by teachers and their peers and in the end we lack basic family connections and values

-->Perfect. Kids 12 and below should be with their parents, not peers.

--> I think the founders of CBC had good intentions with our parenthood!! It's so family focused. Yes we need a surgical operation to fix our country it's morals and values! Good work belio

--> It's the high time we took responsibility for our children's growth and development as parents.

--> Right move.

--> Some wonderful news. I've been advocating for this for years. I cannot understand how any responsible parent would like to be detached from their own kid at the most crucial part of their growing up.

First stop the anger and insults - it's going to be 20yrs minimum before Ghana recover.If you're in a mess dont assume everyone is in a mess.

Almost every year someone in a mess - this Ghana decade. Dont assume the rest of world are struggling majority of world are doing just fine.

In kenya I am not aware of someone operating dollar account being limited. If anything, there were murmurs of struggles when BUYING forex.

What is in your account belong to you. Youre not buying forex. This money in the account.

vaxx:
You are such an ass punk, how much is 2500 cedis, that the bank will not be able to pay, when people are doing transaction of more than a thousand dollar thru their mobile wallet . You just like to learn by fooling. Ghana bank is not facing withdrawal issues except on dollar account which is also applicable to any africa country . I dare you to tell anybody you know who has a dollar account to go withdraw 10 thousand from his account tmrw in Nairobi, if the bank will not request the fellow to fill hundered of documents. that is even if they will released it. Africa is currently in mess , but if we are to measure the biggest mess, I bet kenya owns makes a whole sewage .

Maybe you don't need to learn to cut grass or box; Maybe in your village; all you need to excel is to learn to milk cows; 90 percent of people eventually live and die in their villages; it doesn't make sense to teach them skills they will never use; if their trade is fishing; maybe if they were taught to fish better; they will become better in fishing.

vaxx:
So bad for kenya educational system . Thank devil , none of my DNA make up school there .

If no be boarding system , how I go learn how to cut common grass, take sabi use boxing defend my self . Sabi public speaking

rvp2018:
First stop the anger and insults - it's going to be 20yrs minimum before Ghana recover.If you're in a mess dont assume everyone is in a mess. In kenya I am not aware of someone operating dollar account being limited. If anything there were romours of struggles when BUYING forex. What is in your account belong to you.

I don't tolerate stupidity, I won't spare your foolishness. Ghana already started recovering , dollar is falling , even at this yulitede period that we should be seeing skyrocketing price , food prices have remain the same for a month now ,on a normal time , December period comes with her on inflation but it seems the cedi is fighting back , something must have been the reason , there is much dollar coming in than going out . Or perhaps , the economy is gradually having a positive effect. There Will be push up from three billions imf next year , there is debt swap now to cussion the effect on the macro economy condition.


No country in africa now can allowed you to removed 50, thousand dollars in her bank account if you operate one without a serious proper documentation .

No bank has right to you money. If you have dollar account; you can withdraw anytime any day; the only restriction placed is on ATMS; if you walk to any bank; and say I want to empty dollar or cedis account; they should have no questions. THIS YOUR MONEY. You are not asking for loan. You put you money there as safety deposit box.

If you fail to honour that BASIC commitment; you are DESTROYING the SECOND PILLAR of your economy.

You already destroyed the 1st pillar - that GOV WILL NEVER DEFAULT.

Next is to destroy banking pillar - then people will do a bank rush - and try to keep their money below their mattress.

Once you destroyed those two - you become a primitive economy - and you can as well use cowries shells, gold, barter trade - because nobody will trust gov or banks with their money

vaxx:
I don't tolerate stupidity, I won't spare your foolishness. Ghana already started recovering , dollar is falling , even at this yulitede period that we should be seeing skyrocketing price , food prices have remain the same for a month now ,on a normal time , December period comes with her won inflation but it seems the cedi is fighting back , something must have been the reason , there is much dollar coming in than going out . Or perhaps , the economy is gradually having a positive effect. There Will be push up from three billions imf next year , there is debt swap now to cussion the effect on the macro economy condition.


No country in africa now can allowed you to removed 50, thousand dollars in her bank account if you operate one without a serious proper documentation .

rvp2018:
Maybe you don't need to learn to cut grass or box; Maybe in your village; all you need to excel is to learn to milk cows; 90 percent of people eventually live and die in their villages; it doesn't make sense to teach them skills they will never use; if their trade is fishing; maybe if they were taught to fish better; they will become better in fishing.

There is no wasted skills, if you can't used it , learn to transfer it.


My niece of about 8 years old is learning free boxing training from me .

I hope she is aware that you're brain damaged from all the boxing. If only you stayed in your village and used your education in hunting grabs - you would be most successfuly grab hunter in history of your village.

vaxx:
There is no wasted skills, if you can't used it , learn to transfer it.


My niece of about 8 years old is leaning free boxing training from me .

rvp2018:
No bank has right to you money. If you have dollar account; you can withdraw anytime any day; the only restriction placed is on ATMS; if you walk to any bank; and say I want to empty dollar or cedis account; they should have no questions. THIS YOUR MONEY. You are not asking for loan. You put you money there as safety deposit box.

If you fail to honour that BASIC commitment; you are DESTROYING the SECOND PILLAR of your economy.

You already destroyed the 1st pillar - that GOV WILL NEVER DEFAULT.

Next is to destroy banking pillar - then people will do a bank rush - and try to keep their money below their mattress.

it is because you are lazy to understand what is happening in financial institution of africa country right now .

I repeat no bank will allowed you to release 50, thousand dollars of your own money in her account currently without having your proper documentation , though , they may give you the local equivalent. I dare you to let anyone you know to try it and come and show us evidence here.


There is too much mess in kenya financial crisis . You should worry more on that .

rvp2018:
I hope she is aware that you're brain damaged from all the boxing. If only you stayed in your village and used your education in hunting grabs - you would be most successfuly grab hunter in history of your village.

Evidence of kenya failed educational system.

Basic tenet of banking is against what you're saying.
What people are struggling is buying dollars.
Why people with dollars are sitting on them.

No sane country or bank will allow the nonsense you're saying.

What people are struggling with is BUYING dollars from THOSE WHO HAVE DOLLARS.

The day a bank start limiting what people can withdraw from their OWN fukcing acount they are FINISHED

vaxx:
it is because you are lazy to understand what is happening in financial institution of africa country right now .

I repeat no bank will allowed you to release 50, thousand dollars of your own money in her account currently without having your proper documentation , though , they may give you the local equivalent. I have dare you to let anyone you to try it and come and show us evidence here.


There is too much mess in kenya financial crisis . You should worry more on that .

rvp20182:
Basic tenet of banking if against what you're saying.
What people are struggling is buying dollars.
Why people with dollars are sitting on them.

No sane country or bank will allow the nonsense you're saying.

You like baseless argument . Try it I dare you .

In a month I can predict a bank run on Ghana banks and their collapse.
Banks operate on trust.
On trust that your money is safe and you can take it anytime.
That is CARDINAL

What has happened - your banks bought shietloads of gov bonds - with people money.

They knew they would redeem those bonds and satifsy any liquidity or withdraw calls.

Now they are in a fix. Banks dont have any money. They operate on trust. I deposit my money. They lend it to peter. They make profit.
If peter refuse to pay - they cant pay me. I become extremely mad because this is my money they played games with.

Ghana gov has basically sunk you banks - they invested depositors money in bonds that are now making serious loss.

What is important now is to avoid any PANIC withdrawal. People are on their edge - they will want to withdrawl their savings as soon as possible. Before you know - you have a bank run.

How do Ghana stop a bank run - Liquidity - make sure banks have LIQUID cash....nobody should ever walk out crying like that woman that she cant withdraw her money.....banks should have 50% liquidity (Cash Ratio)...meaning if half customers come for their money...the banks should have it. That will build confidence and trust.

vaxx:
You like baseless argument . Try it I dare you .