₦airaland Forum

rvp20182:
Why are being abusive? You kicked the domestic debt can for five years. Your own minister of finance admit the debt problem will be resolved in 2037. This after you hired 5 of the best consultancies - the Lazards etc.

2037 is the earliest. You're going to become solvent earliest 2027 - enough to start paying principal of domestic debt.

I have ask to provide evidence for your hogwash input .

You just love to be stupid

Mad cow in his element.

Just30:
Ghana debt to GDP is expected to fall to 55% iwhich is the threshold for countries like Ghana and Kenya, in 2027.

I wonder how Kenya is planning to bring it debt service to revenue down to acceptable levels..

The IMF just rejected the plans they submitted

Google search - 2037 Ghana debt

vaxx:
I have ask to provide evidence for your hogwash input .

You just love to be stupid

Ghana debt restructurings end in 2037
Ghana is looking to swap $10.4 billion in local-currency debt ... of existing debt with new bonds maturing in 2027, 2029, 2032 and 2037.
That is when they expect to be liquid again.

The luckiest are getting paid in 2027.
Then 2029
Then 2032
Then finally 2037.

And that point it has cleared the arrears

And can go to market to borrow new loans.

rvp20182:
Google search - 2037 Ghana debt

I love evidence, I would have Google your bullshit up before asking you. You are stupid boy for saying whatever rubbish that comes from your skull

rvp20182:
I dont see where borrowing is for salaries - it is for development - the first WB loan is to finance dual carriage way btw Nairobi and my home area in Nakuru - 230km.
Ghana hope to borrow from world bank and bilateral donors in 2030.
Kenya having shut itself from external debt market due to interest and forex risk only recourse is world bank and bilateral donors.
Once eurobond opens again in 2-3yrs we will be back.
Ghana will be back in 2040.

It's for payment of wages and salaries as the Kenyan govt is in serious liquidity problem with 70% of revenue being used to service debt.
That's crisis level.... Kenya is not going to be allowed to enter the Eurobond market even in 2035... No Eurobond investor is going to give your country money when it is not liquid (debt gulping up 70% of revenue)... They are worried that you've defaulted already and with such high burden Kenya won't be able to pay back..

Ghana is doing 35% so no one is worried about Ghana's inability to pay because the country is considered highly liquid.

Ghana is looking to swap $10.4 billion in local-currency debt ... of existing debt with new bonds maturing in 2027, 2029, 2032 and 2037.

In short you domestic debt restructuring ends in 2037.

Let wait for external debt restructuring.

You've basically pushed the debt can down the road...someone who owes you NOW...earliest he get paid is 2027...and last 2037....that is when you can be allowed again to borrow.

Btw then - it impossible to see you floating new debt - while people are waiting for 2037 - so you can only get bilateral and multilateral aid

vaxx:
I love evidence, I would have Google your bullshit up before asking you. You are stupid boy for saying whatever rubbish that comes from your skull

Take your meds mad cow. You dont make sense. People who care for you should tell you. It sad to see fellow Ghanians encourage you. I love you and want you to get help. Mental health.

Just30:
It's for payment of wages and salaries as the Kenyan govt is in serious liquidity problem with 70% of revenue being used to service debt.
That's crisis level.... Kenya is not going to be allowed to enter the Eurobond market even in 2035... No Eurobond investor is going to give your country money when it is not liquid (debt gulping up 70% of revenue)... They are worried that you've defaulted already and with such high burden Kenya won't be able to pay back..

Ghana is doing 35% so no one is worried about Ghana's inability to pay because the country is considered highly liquid.

rvp20182:
Ghana debt restructurings end in 2037
Ghana is looking to swap $10.4 billion in local-currency debt ... of existing debt with new bonds maturing in 2027, 2029, 2032 and 2037.
That is when they expect to be liquid again.

The luckiest are getting paid in 2027.
Then 2029
Then 2032
Then finally 2037.

And that point it has cleared the arrears

And can go to market to borrow new loans.

so those that translates to having the problem resolved before 2037?

You are this daft

rvp20182:
Mad cow in his element.

Lunatic rants ... Cry more

Kenya is collapsing before your eyes ... Youve been borrowing to pay salaries for a very long time now.

The dollar shortage is so bad such that Kenya power is charging in dollars and everyone is abandoning the Kenyan shillings like a plague

rvp20182:
Ghana is looking to swap $10.4 billion in local-currency debt ... of existing debt with new bonds maturing in 2027, 2029, 2032 and 2037.

In short you domestic debt restructuring ends in 2037.

Let wait for external debt restructuring.

You've basically pushed the debt can down the road.

you will be a very bad student academically, you are too daft

rvp20182:
I am saying nobody can predict tomorrow or next hour; Dont hide behind those institutions; some of us have worked in all of them.

you just said you could... Using common sense.... Did you forget that you said that?

Of course this verbatim from your finance minister.
You think a default is a JOKE?

vaxx:
so those that translates to having the problem resolved before 2037?

You are this daft

rvp20182:
Take your meds mad cow. You dont make sense. People who care for you should tell you. It sad to see fellow Ghanians encourage you. I love you and want you to get help. Mental health.

You're having a mental breakdown because the facts hurt you



Kenya hydra headed crisis

Debt to GDP 70%
Debt to revenue 70%
Borrowing to pay salaries
Dollar shortage leading to Kenya power billing customers in dollars.
IMF just rejected the Kenya govt debt sustainability plan

Your anger is misplaced.
We are waiting for external debt restructure
15yrs for a default is a steal. If you emerge out of this by 2037 consider yourselves very lucky
Most countries take even 50yrs to win trust back

Anybody alive now is unlikely to ever lend to Ghana gov...without asking for a arm and a leg.

That is the prize. You have betrayed people trust in risk free Ghana bounds. Their pension plans are now useless. Their life insurances messed up. Their bank deposits in jeopardy. You have destroyed TRUST in ghana gov bonds. People dont want to wake up to sweating minister on Sunday announcing that they will pay debt in 2050...what if they are dying...and life insurance need to be paid tomorrow.

Research how long it took you to recover from 1982 default.

When did you re-dominate the cedis and removed four zeros

Once you're done - you will need to do the same.

Music is getting started

vaxx:
you will be a very bad student academically, you are too daft

Ghanians are really crazy people.
In kenya if you default on personal or commercial loan.
You're BLACKLISTED FOR 7 YEARS.
Most countries do this

These kenya credit reference rules - Ghana still primitive to do credit blacklisting or scoring

For what purpose does the Credit Reference Bureau use the information?
Sale of credit information in the form of credit reports to a data subject, data providers, and other entities within Kenya
Retention period purpose; Credit Reference Bureau retains credit information maintained in its database until the expiry of 5 years from the date of final loan repayment assignment or written-off and bankruptcy data will be kept for 7 years from the date of discharge.
Public awareness purpose; in conjunction with all data providers, the Credit Reference Bureau maintains a program of public awareness relating to the rights and protection of the data subject.

Bankruptcy

IMF is concerned Kenya can't repay it debt ... A ticking time bomb
With an unproductive economy that imports everything

WB committed to lend kenya 5B dollars in 5yrs; Low interest or zero interest loans; Give up; IMF has yet to even accept to admit you to ICU. You're in the casualty and IMF doctors are still debating if they get you a bed or send you to the morque direct. WB is not even in the picture...who lend someone defaulting.

IMF has to first admit you to ICU and do serious treatment. Then WB and rest will lend to Ghana. Then bilateral lenders. Then in 2040 - you can float bonds again.

Just30:
Bankruptcy

IMF is concerned Kenya can't repay it debt ... A ticking time bomb
With an unproductive economy that imports everything

rvp20182:
WB committed to lend kenya 5B dollars in 5yrs; Low interest or zero interest loans; Give up; IMF has yet to even accept to admit you to ICU. You're in the casualty and IMF doctors are still debating if they get you a bed or send you to the morque direct. WB is not even in the picture...who lend someone defaulting.

IMF has to first admit you to ICU and do serious treatment. Then WB and rest will lend to Ghana. Then bilateral lenders. Then in 2040 - you can float bonds again.

WB is not in the business of giving free money to a bankrupt country.

After failing your debt sustainability stress test, WB will not give you even a penny until you shown how you plan to be liquid

Kenya is on the verge of obtaining a Ksh.92 billion ($750 million) loan from the World Bank Group as the country moves to tie down cheap financing.

On Tuesday, Treasury Cabinet Secretary Prof. Njuguna Ndung’u disclosed the government was in advanced talks for the loan disbursement even as the value of the facility falls below its expectations of accessing Ksh.122.7 billion ($1 billion).

“The proposed package under discussion with the World Bank aims at promoting sustainable, resilience and inclusive growth. That will also promote human capital development as a major input to economic management,” he said.

“

Just30:
WB is not in the business of giving free money to a bankrupt country.

After failing your debt sustainability stress test, WB will not give you even a penny until you shown how you plan to be liquid

rvp20182:
Kenya is on the verge of obtaining a Ksh.92 billion ($750 million) loan from the World Bank Group as the country moves to tie down cheap financing.

On Tuesday, Treasury Cabinet Secretary Prof. Njuguna Ndung’u disclosed the government was in advanced talks for the loan disbursement even as the value of the facility falls below its expectations of accessing Ksh.122.7 billion ($1 billion).

“The proposed package under discussion with the World Bank aims at promoting sustainable, resilience and inclusive growth. That will also promote human capital development as a major input to economic management,” he said.

“

yeah a technical way of saying I can't pay wages and I'm obligating the WB to help me pay my workers while on a death bed at the IMF.

No wonder your debt sustainability plan was rejected by the world bank.... They are saying you can't keep adding concessional debt when your country is bankrupt with a 140% debt to revenue

As you cry in Ghana...kenya is getting cheap multilateral and bilateral loans...as we wait out the global financial storm

Just last week...AFDB has put money down for dual road in Mombasa, UK has put down 300M in Nairobi Railway city - their minister was in Kenya - and Koreans have committed 1 billion dollars in Konza city where they are already building branch of their famous KASIT - institute of science and tech . The americans are pouring money...as kenya has been instrumental in peace building in Ethiopia and DRC - they gave kenya 250m gift for fighting drought - and more is flowing. Japanese are starting Dongo Kundu free port in Mombasa. Chinese can go drying for now with Eurobond. We are switching from East to West as china man is struggling.

Forex are flowing thanks to Ruto.

WB and IMF are day and night. learn the difference mad cow. WB dont do debt bla bla. They offer development loans. IMF are the cops. Everyone listen to IMF. If they say Ghana is sick - everyone stops.

Just30:
yeah a technical way of saying I can't pay wages and I'm obligating the WB to help me pay my workers while on a death bed at the IMF.

No wonder your debt sustainability plan was rejected by the world bank.... They are saying you can't keep adding concessional debt when your country is bankrupt with a 140% debt to revenue

rvp20182:
WB and IMF are day and night. learn the difference mad cow. WB dont do debt bla bla. They offer development loans. IMF are the cops. Everyone listen to IMF. If they say Ghana is sick - everyone stops.

cry more

Poor education made your reading skills as bad as your peanut Brain..


IMF just rejected your govt plan to prove debt sustainability because it didn't make since and now seeing you borrowing to pay salaries while you gave them a planned that said otherwise, they may just slap you guys back into the deeper mess they were trying to pick you up from.

A dead Kenya is causing Kenyans so much suffering

No wonder the shillings is crashing

rvp20182:
As you cry in Ghana...kenya is getting cheap multilateral and bilateral loans...as we wait out the global financial storm

Just last week...AFDB has put money down for dual road in Mombasa, UK has put down 300M in Nairobi Railway city - their minister was in Kenya - and Koreans have committed 1 billion dollars in Konza city where they are already building branch of their famous KASIT - institute of science and tech . The americans are pouring money...as kenya has been instrumental in peace building in Ethiopia and DRC - they gave kenya 250m gift for fighting drought - and more is flowing. Japanese are starting Dongo Kundu free port in Mombasa. Chinese can go drying for now with Eurobond. We are switching from East to West as china man is struggling.

Forex are flowing thanks to Ruto.

The interest of the debt that you called cheap will later becomes too high for your poor country, making your debt becomes unmanageable . Just look at china new sanction on you , you are punished for your refusal to pay your debt on time, this is just the interest on the loan not the loan itself , ( You are paying additional millions) and you are already defaulting, how can you then pay the real loan. Kenya is already in slippery slope whereby you cannot afford the payments of your borrowed debt , so you have to take out other loans to cover them and so on. You are messed up.

Shma2022:
Because you don't know the deep meaning of civilization.
No country in west Africa should go close to that term.

Yet the only “Civilization” you skinyans have ever known is being a colony. The irony in your statement is beyond funny.

Countries in default; Ghana, Ethiopia, Chad and Zambia.
Kenya is not in any trouble; Yes Kenya locked itself out of external commercial debt market due to high interest and forex risks;
And will focus on getting bilateral and multilateral loans...until the global recession has ended to seal any fiscal deficit;
Kenya gov is borrowing domestically without any problems - local debt is being oversubscribed and gov is rejecting money.

Next week the US is going to jack interest rates again...making things pretty bad for many countries.

We wait for two things on Ghana...external debt restructuring and then when IMF program will start. The rest are projection from a country in financial pain hoping everyone is defaulted.

You made your bed - sleep on it

vaxx:
The interest of the debt that you called cheap will later becomes too high for your poor country, making your debt becomes unmanageable . Just look at china new sanction on you , you are punished for your refusal to pay your debt on time, this is just the interest on the loan not the loan itself , ( You are paying additional millions) and you are already defaulting, how can you then pay the real loan. Kenya is already in slippery slope whereby you cannot afford the payments of your borrowed debt , so you have to take out other loans to cover them and so on. You are messed up.

rvp2018:
Countries in default; Ghana, Ethiopia, Chad and Zambia.
Kenya is not in any trouble; Yes Kenya locked itself out of external commercial debt market due to high interest and forex risks;
And will focus on getting bilateral and multilateral loans...until the global recession has ended to seal any fiscal deficit;
Kenya gov is borrowing domestically without any problems - local debt is being oversubscribed and gov is rejecting money.

Next week the US is going to jack interest rates again...making things pretty bad for many countries.

We wait for two things on Ghana...external debt restructuring and then when IMF program will start. The rest are projection from a country in financial pain hoping everyone is defaulted.

You made your bed - sleep on it

As for defaulting , you already defaulted, The clear case of china sanction is an evidence, You are given to 2025 to pay your debt ( capital and interest) and if not , you already know what will happen your port is a collateral , though your klepocrazy govt denied it ( but we know where there is smoke , there is fire too) so your govt can keep the lies to themselves now , reality will soon unfold them.

Your country is caused by nature, common water is lacking in some part of your country for about six years now . Even kn the rainy season, rain refused to fall there

Another shocking news, the rivers that comes from Ethiopia highlands has dried up as well, at least, it will have help your country so much at least the people sharing border with Ethiopia.


Kenya will soon borrowed to feed her citizens, it is already going to happen soon, common maize are been stolen from the farm.dont compare your cesspit with Ghana

Learn basic of lending before you go on tangential issues dragging kenya into Ghana self-inflicted financial woes.
PRINCIPAL then interest. Not capital.
Kenya gov is paying Chinese loans of course - the only issues chinese have ceased lending to Africa.
Ghana has solvency problem. It's bankrupt...it now locked itself out of both domestic and external debt market.
Kenya is breezing through
The last infrastructure bond was oversubscribed by 153% - gov had to reject lots of money.
And kenya economy is growing - 11% in 1st Q, 5.5% in 2nd Q.

vaxx:
As for defaulting , you already defaulted, The clear case of china sanction is an evidence, You are given to 2025 to pay your debt ( capital and interest) and if not , you already know what will happen your port is a collateral , though your klepocrazy govt denied it ( but we know where there is smoke , there is fire too) so your govt can keep the lies to themselves now , reality will soon unfold them.

Your country is caused by nature, common water is lacking in some part of your country for about six years now . Even kn the rainy season, rain refused to fall there

Another shocking news, the rivers that comes from Ethiopia highlands has dried up as well, at least, it will have help your country so much at least the people sharing border with Ethiopia.


Kenya will soon borrowed to feed her citizens, it is already going to happen soon, common maize are been stolen from the farm.dont compare your cesspit with Ghana

The kind of abundance of projects that Kenya won't be able to carry out over the next 10 to 15 years because Kenya is bankrupt.
Tema beach road and interchange


https://www.youtube.com/watch?v=0TZTqW1iL1U

Waste of time and money - building interchanges instead of building the roads.
Secondly insitu casting of interchanges is last century
Try to pre-cast the columns and erect them in a fortnight.

Just30:
The kind of abundance of projects that Kenya won't be able to carry out over the next 10 to 15 years because Kenya is bankrupt.
Tema beach road and interchange


https://www.youtube.com/watch?v=0TZTqW1iL1U