₦airaland Forum

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

yes.. it will also affect govt revenue negatively

Ignorance is a bliss.
It is rebasing. Not rebasement
Yes, census data is key.
This has nothing to do with LSMS - living standard measurement studies.
GDP rebasing is understanding the structure of the economy, the quantities of economic activities and the value (prices)
Census is not just counting people; it also counting economic activities.
And it's basis of GDP calculation.
There is no data better than census as everyone get counted & asked questions - the rest are mostly sampling

Just30:
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

rvp2018:
Ignorance is a bliss.
It is rebasing. Not rebasement
Yes, census data is key.
This has nothing to do with LSMS - living standard measurement studies.
GDP rebasing is understanding the structure of the economy, the quantities and the value (prices)
Census is not just counting people; it also counting economic activities;
And it's basis of GDP calculation.

Someone should freely educate this lunatic for me..

He thinks he get his GDP, inflation figures and other economic data from his population census instead of his statistical service carrying out a market research.

Re-basement/ rebasing is the same thing ... Now take dumb ass and go and learn

I leave this job to the South Africans

Healthcare is not nursing only.
It both preventive and curative measures to ensure the healthy wellbeing of the country.

Let try this Numbeo Health Index

Health Care Index is an estimation of the overall quality of the health care system, health care professionals, equipment, staff, doctors, cost, etc. Health Care Exp Index - is aiming to show health care index such that it raises MORE (exponentially) if the health care system is of better quality.

In Africa...


African Countries With The Best Healthcare Systems (2022)

1. South Africa (63.97)

2. Kenya (63.40)

3. Tunisia (56.54)

4. Algeria (52.88)

5. Nigeria (48.49)

6. Egypt (47.01)

7. Morocco (45.57)

� Source: Numbeo's Health Care Index.

vaxx:
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 .

The day you educate me on anything; the sun will rise from the west.
I have worked with US gov to assist countries including Ghana conduct census and national accounts (GDP)
My female colleaque was in Ghana - in 2007 or earlier - while I was in Rwanda.
Assisting poor countries like Ghana and such to build their statistical capacity.
I was personally helping many countries install, configure and set US survey tool called CSPRO.
She was mostly doing microdata - another tool by worldbank for statistical services like Ghana
You know nothing.

Just30:
Someone should freely educate this lunatic for me..

He thinks he get his GDP, inflation figures and other economic data from his population census instead of his statistical service carrying out a market research.

I leave this job to the South Africans

rvp2018:
The day you educate me on anything; the sun will rise from the west.
I have worked with US gov to assist countries including Ghana conduct census and national accounts (GDP)
My female colleaque was in Ghana - in 2007 or earlier - while I was in Rwanda.
Assisting poor countries like Ghana and such to build their statistical capacity.
I was personally helping many countries install, configure and set US survey tool called CSPRO.
She was mostly doing microdata - another tool by worldbank for statistical services like Ghana
You know nothing.

Another mad rant again...
You yourself, what you've written above, is it coherent?

rvp2018:
1. How comes Angola GDP crushed from 140B to 70B when their kwacha crushed.

2.GDP of course is calculated from base price from a base year - ideally every 5yrs - for SSA 10yrs is good enough to rebase.

3.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.

4. To get GDP PPP - you dont use USD but international basket.
It's that simple.

5. 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)

6.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.

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

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

9.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.

1. Long term currency depreciation obviously has a negative impact on GDP.... Short term currency fluctuations don't hence why base prices are calculated every couple of years and not every year

2. Yes I know

3. Nope it's used by using the base price of goods in USD and isn't calculated by using the dollar rate at the end of every year but the base price x total goods and services rendered for that year.

4. Yes I know

5. Yes I know

6. Yes I know

7. Yes I know

8. Yes I know

9. Yes I know


You do know copy and pasting paragraphs of irrelevant information doesn't make you look smarter...

Just30:
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.

then you measure it using that base price.... Till then there is no evidence that Ghana has overtaken Kenya wrt GDP nominal

1) What matters is official dollar rate when full year results are done or at end of the year. There is nothing like short term or long-term currency depreciation. Ghana is therefore ending on a high.... otherwise their nominal GDP would have taken a huge hit. If rand collapse now - your nominal GDP for 2022 will similarly collapse. There are many example - Angola, Sudan, South Sudan, Tunisia, Libya are good example.

Few years ago, their economies were great, but USD has hammered them.

2) Base prices are not converted into USD. That is nonsense on stilts. Real gdp is calculated entirely on the country currency. And the base price is simply the prevailing market prices of goods and services of a base year. This is why selection of the base year is critical.

3) PPP - is an attempt to fix nominal GDP.

jl115:
1. Long term currency depreciation obviously has a negative impact on GDP.... Short term currency fluctuations don't hence why base prices are calculated every couple of years and not every year

2. Yes I know

3. Nope it's used by using the base price of goods in USD and isn't calculated by using the dollar rate at the end of every year but the base price x total goods and services rendered for that year.

4. Yes I know

5. Yes I know

6. Yes I know

7. Yes I know

8. Yes I know

9. Yes I know


You do know copy and pasting paragraphs of irrelevant information doesn't make you look smarter...

rvp2018:
1) What matters is official dollar rate when full year results are done or at end of the year. There is nothing like short term or long-term currency depreciation. Ghana is therefore ending on a high.... otherwise their nominal GDP would have taken a huge hit. If rand collapse now - your nominal GDP for 2020 will similarly collapse. There are many example - Angola, Sudan, South Sudan, Tunisia, Libya are good example.

Few years ago their economies were great but USD has hammered them.

2) Base prices are not converted into USD. That is nonsense on stilts. Real gdp is calculated entirely on the country currency. And the base price is simply the prevailing market prices of goods and services of a base year. This is why selection of the base year is critical.

3) PPP - is an attempt to fix nominal GDP.

1) you use the base price to calculate GDP..... You don't use the current USD exchange rate.... That's what your brain can't comprehend.

2. Real GDP has nothing to do with the current currency exchange rate but rather to do with inflation, obviously currency depreciation could increase inflation but that's a different matter.... Real GDP is just Nominal GDP divided by a GDP deflator

3. No its an attempt to make it easier to compare economies to each other

I dont we will agree soon.
1) Real GDP - deflate inflation within the country -
2) Nominal GDP (USD) - handles currency appreciation or depreciation using USD as global base price if you will.
3) GDP PPP - is attempt to cure USD inaccurracy esp as some countries just manipulate exchange rate to keep it low mostly.

Real GDP IS Totally LOCAL.
Nominal and PPP - are international.

Youre confusing real gdp in local prices and PPP - which are market prices weighted by USD. These have their own series.
For example South Africa might have PPP that are more up to date than kenya.

Each country develop their own base market prices based on local currency- they just pick a year - and that is that. PPP series last I checked were developed by some university in US with help of IMF - and countries try to adapt them - and keep them up to date.

Now let give you good example kenya.

In last 10yrs - Kenya GDP has almost tripled - from 40B to almost 120B - in nominal GDP.

GDP growth rate alone cannot explain that growth - real GDP is way less.

Country growth in nominal therefore is GDP growth rate + or - currency appreciation/depreciation against USD.

jl115:
1) you use the base price to calculate GDP..... You don't use the current USD exchange rate.... That's what your brain can't comprehend.

2. Real GDP has nothing to do with the current currency exchange rate but rather to do with inflation, obviously currency depreciation could increase inflation but that's a different matter.... Real GDP is just Nominal GDP divided by a GDP deflator

3. No its an attempt to make it easier to compare economies to each other

More reading for the hunter.
PPP are international comparisons - so someone outside South Africa - has to try compare price of bread in almost all countries - and come up with base prices for bread for each.

The last I checked that someone was either university of chicago or two such universities in the US.

This now done by world bank under ICP
https://www.worldbank.org/en/programs/icp

It used by the University of Pennsylvania

The last base years for PPP - 1970, 1973, 1975, 1980, 1985, 1993, 2005, 2011 and 2017 - they should soon release a 2021 one

The ICP celebrated its 50th anniversary in 2018, having grown from a modest research
project in 1968 spearheaded by the United Na�ons Sta�s�cal Division and the
Interna�onal Comparisons Unit of the University of Pennsylvania and supported by
financial contribu�ons from the Ford Founda�on and the World Bank. ICP comparisons
have been completed for 1970, 1973, 1975, 1980, 1985, 1993, 2005, 2011 and 2017.
Country par�cipa�on consisted of 10, 16, 34, 60, 64, 115, 146, 199, and 176 economies
respec�vely. The next ICP comparison will be conducted for reference year 2021.

jl115:
then you measure it using that base price.... Till then there is no evidence that Ghana has overtaken Kenya wrt GDP nominal

you still don't get it.

By the time all this appreciation is done, you'll see that Ghana GDP for 2023 will be calculated at the old base price to be far above Kenya's.

If they're going to use a much current base price as they have now, it will be even significantly higher

rvp2018:
I dont we will agree soon.
1) Real GDP - deflate inflation within the country -
2) Nominal GDP (USD) - handles currency appreciation or depreciation using USD as global base price if you will.
3) GDP PPP - is attempt to cure USD inaccurracy esp as some countries just manipulate exchange rate to keep it low mostly.

Real GDP IS Totally LOCAL.
Nominal and PPP - are international.

Youre confusing real gdp in local prices and PPP - which are market prices weighted by USD. These have their own series.
For example South Africa might have PPP that are more up to date than kenya.

Each country develop their own base market prices based on local currency- they just pick a year - and that is that. PPP series last I checked were developed by some university in US with help of IMF - and countries try to adapt them - and keep them up to date.

Now let give you good example kenya.

In last 10yrs - Kenya GDP has almost tripled - from 40B to almost 120B - in nominal GDP.

GDP growth rate alone cannot explain that growth - real GDP is way less.

Country growth in nominal therefore is GDP growth rate + or - currency appreciation/depreciation against USD.

1. Yes what I said

2. No

3. Its to establish a better and fairer comparison between economies

4. Real gdp is just nominal gdp divided by a deflator... That simple

5. Nope I'm not confusing anything

6. The Kenyan shillings depreciated from Ksh81 shilling : $1 10 years ago to Ksh123 : $1 so how do you explain your logic with the above?

7. No

rvp2018:
More reading for the hunter.
PPP are international comparisons - so someone outside South Africa - has to try compare price of bread in almost all countries - and come up with base prices for bread for each.

The last I checked that someone was either university of chicago or two such universities in the US.

This now done by world bank under ICP
https://www.worldbank.org/en/programs/icp

It used by the University of Pennsylvania

The last base years for PPP - 1970, 1973, 1975, 1980, 1985, 1993, 2005, 2011 and 2017 - they should soon release a 2021 one

The ICP celebrated its 50th anniversary in 2018, having grown from a modest research
project in 1968 spearheaded by the United Na�ons Sta�s�cal Division and the
Interna�onal Comparisons Unit of the University of Pennsylvania and supported by
financial contribu�ons from the Ford Founda�on and the World Bank. ICP comparisons
have been completed for 1970, 1973, 1975, 1980, 1985, 1993, 2005, 2011 and 2017.
Country par�cipa�on consisted of 10, 16, 34, 60, 64, 115, 146, 199, and 176 economies
respec�vely. The next ICP comparison will be conducted for reference year 2021.

I know what GDP ppp is my bru....its literally my job to know.... Once again you are copy and pasting irrelevant information that has nothing to do with what we are talking about

Just30:
you still don't get it.

By the time all this appreciation is done, you'll see that Ghana GDP for 2023 will be calculated at the old base price to be far above Kenya's.

If they're going to use a much current base price as they have now, it will be even significantly higher

cool story bro

I dont think you know crap. You would have known Penns world table.

jl115:
I know what GDP ppp is my bru....its literally my job to know.... Once again you are copy and pasting irrelevant information that has nothing to do with what we are talking about

Real gdp is only relevant to that country- - everything is local
For international comparison - we used USD - as defacto -- everyone converts to it - therefore usd/rand exchange matters here.
Because of some weakness in the above - we try to come up - with middle ground - by developing PPP basket of goods like big mac index.
So PPP now (world bank ICP) basically go round the world finding out the price of bread - and then try to standardize - because bread is bread.
This PPP team basically collect prices worldwide and try to compare them - and deflate them.

jl115:
1. Yes what I said

2. No

3. Its to establish a better and fairer comparison between economies

4. Real gdp is just nominal gdp divided by a deflator... That simple

5. Nope I'm not confusing anything

6. The Kenyan shillings depreciated from Ksh81 shilling : $1 10 years ago to Ksh123 : $1 so how do you explain your logic with the above?

7. No

vaxx:
paying govt some cash doesn't mean the employee will not be pay their wages . If govt sponsor an employee visa , traveling process , got you a job and negotiate a considerable wages on your behalf then such govt should be entitled to some kind of compensation.. And i am saying instead of taxing you like kafala system ( the one operated in gulf nation) , they should rather focus on the country of migration since they are the one who call for your service . Skills should be monetized , it shouldn't be free if it is coming from govt to govt unless it's a charitable exercise.

I still stand by my initial post.
Govt should not sponsor anyone if the govt can't do it out of free will.

Just30:
Exactly so

But the problem is, the nurses and teachers are bonded by law and to break the bond they have to make a certain payment to govt or serve the country for a number of years for subsidizing their education.

Govt should look for other source of income rather than getting cut from citizen salaries abroad, it doesn't speak well for the govt.
All this money we talking about are peanuts to any serious govt

Can only happen in communist dictatorship like Cuba. It can't happen elsewhere. Ghana will benefit from FOREX. It a stretch to imagine gov following these people abroad to get piece of their salaries - even if they go in gov-to-gov arrangement. Ghana can ask for other benefits from such gov like road money grants

QuietMynd:
Govt should look for other source of income rather than getting cut from citizen salaries abroad, it doesn't speak well for the govt.
All this money we talking about are peanuts to any serious govt

QuietMynd:
Govt should look for other source of income rather than getting cut from citizen salaries abroad, it doesn't speak well for the govt.
All this money we talking about are peanuts to any serious govt

It's by law which govt can't break ... No country does that.
If your country sponsor your education and bond you to a certain duty, to break that bond comes with financial commitment.

rvp2018:
Can only happen in communist dictatorship like Cuba. It can't happen elsewhere. Ghana will benefit from FOREX. It a stretch to imagine gov following these people abroad to get piece of their salaries - even if they go in gov-to-gov arrangement. Ghana can ask for other benefits from such gov like road money grants

not even the US or UK does that.

You'll have to pay the money back if you decide not to serve

Yes nurses can be bonded...or just simply convert all the free tuition/money into higher education loans.
US graduate with gazillion of education loans - why would africa developing countries allow their kids to graduate & emigrate loan free
Ghana has to stop bankrupting the country with unneccesary expenses.
Convert all these things into loans - then whenever wherever you end up - you pay gov.

IMF are coming anyway to put some of these common sensical reforms to action.

Just30:
not even the US or UK does that.

You'll have to pay the money back if you decide not to serve

rvp2018:
Yes nurses can be bonded...or just simply convert all the free tuition/money into higher education loans.
US graduate with gazillion of education loans
Ghana has to stop bankrupting the country with unneccesary expenses.
Convert all these things into loans - then whenever wherever you end up - you pay gov.

something is madly wrong with you... Even a kid can reason properly than you.

When did subsides become free tuition?

Ghana can afford it and that is why Ghana finance it.

IMF has not touched that for the last 50 years that it has been in place and won't touch it now. The last Ghanaian govt intermittent runned a budget surplus.

Kenya can't afford such hence IMF will simply force you to remove such kid of spending.

When was the last time the Kenyan govt even had a budget surplus ?

rvp2018:
I dont think you know crap. You would have known Penns world table.

my bru I literally can't dumb down to your level.... The fact is we've had this same debate over and over and you've not even googled GDP since if you had then you'd see how wrong you are.

rvp2018:
Real gdp is only relevant to that country- - everything is local
For international comparison - we used USD - as defacto -- everyone converts to it - therefore usd/rand exchange matters here.
Because of some weakness in the above - we try to come up - with middle ground - by developing PPP basket of goods like big mac index.
So PPP now (world bank ICP) basically go round the world finding out the price of bread - and then try to standardize - because bread is bread.
This PPP team basically collect prices worldwide and try to compare them - and deflate them.

. Real gdp is nominal divided by a gdp deflator... Its simple... Just accept what it is.

And yes for the thousands time I know what gdp ppp is, you don't have to continually copy and past what it is.

jl115:
. Real gdp is nominal divided by a gdp deflator... Its simple... Just accept what it is.

And yes for the thousands time I know what gdp ppp is, you don't have to continually copy and past what it is.

Leave that guy... He knows nothing about economics

rvp2018:
Can only happen in communist dictatorship like Cuba. It can't happen elsewhere. Ghana will benefit from FOREX. It a stretch to imagine gov following these people abroad to get piece of their salaries - even if they go in gov-to-gov arrangement. Ghana can ask for other benefits from such gov like road money grants

Tell that to ur govt maybe they will heed to ur advice.

Just30:
It's by law which govt can't break ... No country does that.
If your country sponsor your education and bond you to a certain duty, to break that bond comes with financial commitment.

Nigeria govt do sponsor citizen abroad back in the days, but they don't request for any cut from their pay check.
The citizen won't give them shit since they know themselves they owe the govt nada

QuietMynd:
Nigeria govt do sponsor citizen abroad back in the days, but they don't request for any cut from their pay check.
The citizen won't give them shit since they know themselves they owe the govt nada

does the Nigerian govt bond students it sponsor abroad? The answer is no
The Ghanaian govt also sponsor students abroad and takes nothing from them because it doesn't bond them.

The bond is like this, "I am taking you to school and I will subsidize the education for you plus pay you monthly allowances till you complete. When you complete, the state will employ you and for 5 years you'll not go back to school or go and serve anywhere else untill you finished this service to your country".

To break this bond comes with a fine

YOU CANNOT AFFORD ANYTHING NOW - YOURE BANKRUPT

Just30:
something is madly wrong with you... Even a kid can reason properly than you.

When did subsides become free tuition?

Ghana can afford it and that is why Ghana finance it.

IMF has not touched that for the last 50 years that it has been in place and won't touch it now. The last Ghanaian govt intermittent runned a budget surplus.

Kenya can't afford such hence IMF will simply force you to remove such kid of spending.

When was the last time the Kenyan govt even had a budget surplus ?