₦airaland Forum

rvp2018:
Maybe there is some divine intervention this time.
Your miracle is happening.
You need to work on your mental health

You need mental health treatment more than anyone here

I've never seen a person this pained

Kenya we keep reminding you is semi arid yet survive on agriculture.

Just30:
Primitivity is when Kenya can't produce at substantial quantity and quality any of it staples to feed itself and be food secure because of how primitive your agric is.

You guys can't even produce rice because it is capital intensive and spend 1.8 billion dollars at retail prices on imported rice

Pained? How? I asked you to run to IMF a year ago and you wont be in this pain. Only Vaxx here seem to get it. You dont. For you this is just a bad dream you'll wake up from and cedis will be 3 to a dollar.

Just nailing IMF alone has assured everyone that Ghana gov is not sick like you.

They have been deranged for two years - until they went bankrupt - like Kwame Nkurumah did in 1962.

You see kwame refused to go to IMF - and the country was broke - army overthrew him and went to IMF.

Ghana bankruptcy started in 1962 - with same Ghanian pride.

Just30:
You need mental health treatment more than anyone here

I've never seen a person this pained

jl115:
Bolded-like I told Rvp2018 many moons ago... That's not how GDP calculations work..... You don't just increase your GDP by the % of your currency appreciation/deprecation.... You have a base price for a basket of goods which is fixed for a certain number of years

Yes ...
Those base prices have substantially increased in cedi term and
Ghana hasn't adjusted that base price since 2015 or 16...
The BOG will be doing so in 2023, which means that should the cedi appreciate any further, GDP will be substantially increase.

vankelvin:
I disagree will that portion.
Currently the ratio of Nurses to patients is still low. More needs to be done

actually it is very high and far above WHO,/UN recommendation

vankelvin:
Certificate courses in Teacher training ended some 18 or more years ago.
Diploma in Training colleges also ended in 2019. But I don't know for the Diploma courses in the Distance Education courses

distance education diploma still exist

vankelvin:
46 Colleges of Education were affiliated to UCC and 2 were with UEW but because of the Educational reforms that happened in 2018 Government made some 4 Public Unis to establish an Education Institute so currently as we speak the 48 Colleges of Education are affiliated to these unis, UCC, KNUST, UG, AAMUSTED, UDS and UEW.

The issue now is 10 years from now the Colleges that will meet all the standards for Uni will be upgraded into fully fledged Universities

that's nice

rvp2018:
Kenya we keep reminding you is semi arid yet survive on agriculture.

Excuse for not making use of your huge lands.. people are growing food in desserts and not complaining

Just30:
actually it is very high and far above WHO,/UN recommendation

No

rvp2018:
Pained? How? I asked you to run to IMF a year ago and you wont be in this pain. Only Vaxx here seem to get it. You dont. For you this is just a bad dream you'll wake up from and cedis will be 3 to a dollar.

Just nailing IMF alone has assured everyone that Ghana gov is not sick like you.

They have been deranged for two years - until they went bankrupt - like Kwame Nkurumah did in 1962.

You see kwame refused to go to IMF - and the country was broke - army overthrew him and went to IMF.

Ghana bankruptcy started in 1962 - with same Ghanian pride.

Rants of an ignoramus

vankelvin:
No

well you can check with the WHO/UN data..

There are too many nurses at our various health facilities

You rebased in 2018 - the base year is 2013.
Kenya rebased in 2021 - the base year is 2015.
Ideally you should rebase every 5yrs - if you have data capacity - which I doubt you have.
I think south africa do every 5yr rebasing
Countries able to do census and large surveys every 5yrs can rebase that often - developed countries do this.
African countries take time
Nigeria cant even do census every 10yrs.

Just30:
Yes ...
Ghana hasn't adjusted that base price since 2015 or 16...
The BOG will be doing so in 2023, which means that should the cedi appreciate any further, GDP will be substantially increased

vankelvin:
Certificate courses in Teacher training ended some 18 or more years ago.
Diploma in Training colleges also ended in 2019. But I don't know for the Diploma courses in the Distance Education courses

I am not talking about pre - service education program . I am referring to license exam . And again the six month Post secondary education certificate program and likewise the diploma which take about 1 and two years . UEW for example runs them .

vankelvin:
46 Colleges of Education were affiliated to UCC and 2 were with UEW but because of the Educational reforms that happened in 2018 Government made some 4 Public Unis to establish an Education Institute so currently as we speak the 48 Colleges of Education are affiliated to these unis, UCC, KNUST, UG, AAMUSTED, UDS and UEW.

The issue now is 10 years from now the Colleges that will meet all the standards for Uni will be upgraded into fully fledged Universities

they may meet ten years requirements standard of having university autonomous , the verdict to grant them university status rested with the parliament. Wisconsin university college is yet to get its licence all this year .

rvp2018:
How comes Angola GDP crushed from 140B to 70B when their kwacha crushed.
GDP of course is calculated from base price from a base year - ideally every 5yrs - for SSA 10yrs is good enough to rebase.
This has nothing to do with nominal GDP. That GDP in that country currency.
Then after all that - nominal GDP - to simply divide that by official dollar rate at end of the year.
To get GDP PPP - you dont use USD but international basket.
It's that simple.

So there are 3 GDPS if you will - GDP in rand (real GDP), GDP in dollars (Nominal GDP), GDP in PPP(as alternative to nominal)

The real GDP uses a deflator on the prize (nominal) to remove price changes from the base year - as you want to measure quanties of things produces - not get "confused" by price changes from inflation.

GDP is simple maths of price times quantity produced of all goods and services.

There is no controversy on the quantiles - it's on the prices or value of good & services - hence many variation of GDPs.

You can deflate GDP using the base year (real GDP) or USD or international PPP - but generally USD is the best deflator and nominal GDP in USD is GOLD STANDARD.

Because they benefited from I inflation, just when it was time to adjust their base prices, their currency recovered

vankelvin:
I disagree will that portion.
Currently the ratio of Nurses to patients is still low. More needs to be done

maybe in doctor ratio but as for the nurses , Ghana is far doing well more than many africa country.

rvp2018:
You rebased in 2018 - the base year is 2013.
Kenya rebased in 2021 - the base year is 2015.
Ideally you should rebase every 5yrs - if you have data capacity - which I doubt you have.
I think south africa do every 5yr rebasing
Countries able to do census and large surveys every 5yrs can rebase that often - developed countries do this.
African countries take time
Nigeria cant even do census every 10yrs.

Look at the country talking about data capacity

Have you not seen the Ghana living standard report which is public every 2 years, it comes with a comprehensive market research.

Kenya does not have that capacity

All inflation will be deflated to real GDP using 2013 base prices and then USD will hammer your nominal GDP.

So basically, it going to be this simple - very small real GDP increase in Cedis - and then 50% hammering by USD if today official rate was anything to go by.

Ghana nominal GDP this year will take huge haircut. The real GDP in cedis may even grow.

Just30:
Because they benefited from I inflation, just when it was time to adjust their base prices, their currency recovered

You can't do census every 5yrs like most developed countries.
You cannot therefore rebase every so often as required.
The rest are usual madness.

Just30:
Look at the country talking about data capacity

Have you not seen the Ghana living standard report which is public every 2 years, it comes with a comprehensive market research.

Kenya does not have that capacity

rvp2018:
All inflation will be deflated to real GDP using 2013 base prices and then USD will hammer your nominal GDP.

So basically, it going to be this simple - very small real GDP increase in Cedis - and then 50% hammering by USD if today official rate was anything to go by.

Ghana nominal GDP this year will take huge haircut. The real GDP in cedis may even grow.

nonsense as usual
Ghana GDP has almost double in cedis term to 863 billion cedis at 6.8 dollars.

Your last of economic knowledge will keep making you the fool you already are

The cedis has completely regain all its 53 percent lost ....just30 , we might soon see 1 dolls going for 1 cedis soon . It is possible.

I am yet to confirm today rate , my dealer still maintain 11 cedis for selling and 9 for buying . . I am changing him asap.

Stop smoking illegal stuff.

Just30:
nonsense as usual
Ghana GDP has almost double in cedis term to 863 billion cedis at 6.8 dollars.

Your last of economic knowledge will keep making you the fool you already are

rvp2018:
You can't do census every 5yrs like most developed countries.
You cannot therefore rebase every so often as required.
The rest are usual madness.

See nonsense

Is it census that is used for economic data ?

Who is talking about re-basement?

I said our statistical services public Ghana living standard report and market research every 2 years and this is why Ghana economic data are always up to date and accurate than Kenya.

And you're here ranting like the lunatic you are

vaxx:
Now the price of cement must crashed......

The rate at which the dollar is crashing , it might be exchange for 1 dolls to 1 cedis soon.

This is far above what the forex bureaus and Stanbic bank is doing.

The central bank seem to be playing it safe so that Thier economic data does fall into disarray because of how fast it is appropriating

vaxx:
The cedis has completely regain all its 53 percent lost ....just30 , we might soon see 1 dolls going for 1 cedis soon . It is possible.

I am yet to confirm today rate , my dealer still maintain 11 cedis for selling and 9 for buying . . I am changing him asap.

not going to happened

If it appreciate below 5, govt will have a problem

rvp2018:
Cuba has nailed their healthcare. They have world class healthcare built on community health workers that ensure disease prevention. They can now export - even poor Kenya got Cuban doctors and we pay them.

Ghana has a long way to go. Quick check on WHO shows Ghana need to do way more to train community health workers. Instead of becoming a slave labour exporter for yet another century - please re-look at your country immediate needs - and focus your gov training there.

If there is excess labour nurses - why not train people in agricluture. I have seen videos of Ghana primitive agriculture and they can do with lots and lots of agricultural extension officers.

Ghana is far doing well than kenya when it comes to nurses to patient ratio . So this debate isn't for you. Our health sector is by far top notch. I read the last time your president is about rolling e- health. I laughed at it , because Ghana already outgrown that category a decade ago. Our health insurance system is fully digitized and now has a larger coverage. At least some few years ago, we are doing about 80 percent coverage , we should be at 100 percent now or thereabouts.


We can afford to send more of our personnel abroad , we are now producing them more than necessary. And about agriculture, Ghana and kenya agriculture practice is still purely agrarian. And little upgrading have been done .

rvp2018:
Stop smoking illegal stuff.

cry of a mad man

Just30:
not going to happened

If it appreciate below 5, govt will have a problem

It will make goods produce here extremely expensive right ? But So will it make import extremely attractive .

Just30:
This is far above what the forex bureaus and Stanbic bank is doing.

The central bank seem to be playing it safe so that Thier economic data does fall into disarray because of how fast it is appropriating

I am sure CFA is crashing too. Then market must begin to adjust itself , Inflation will begin to crashed now

He said the cedi will stabilise by the end of the year & he has delivered.

The UK has sacked and reshuffled so many ministers and leaders and now they are in recession.

Should we still sack him?

vaxx:
He said the cedi will stabilise by the end of the year & he has delivered.

The UK has sacked and reshuffled so many ministers and leaders and now they are in recession.

Should we still sack him?

Yes he has to be sacked and prosecuted together with BOG governor. The entire economic management team has to be disbanded