₦airaland Forum

rvp2018:
Your inkling to heckle. Let the other one with two brain cells left at least engage us today. Take a rest.

Act like a person with your brain cells actually connecting instead of these lame argument you keep making.

Even a Kindergarten kid will not make these argument

Okay Ghanian - here we go with default. That should keep you busy for next two decades as you battle bankruptcy. We shall see you again somewhere in 2040 - when Kenya - then a developed country - will be sending AID to bail you out.

External debt default.

jl115:
statista? Really bru

I brought you rankings from the World Bank and the global quality of infrastructure index and you bring me statista??

Again with the GDP..... Did I say Joburg has a larger gdp?? No I didn't.... But it does have a higher gdp per capita..... Your argument is fvcking ret@rded, its like saying Nigeria smashes SA(or Kenya) because it has a bigger economy.....

And yes Kenya has good infrastructure that was never a debate, ignoring small and island nations like Mauritius, Botswana and Seychelles.... I would say Kenya is in the top 5 in Africa wrt infrastructure quality

Nigeria has a bigger GDP per capita than Kenya.

Not anymore. I think your pop has grown to almost 220 (in absence of census which youre too broke to afford) and GDP is anything 440-490B - this year should be up for haircut.

As of 2021 kenya gdp per capita is 113B divided by 51 million - close to 2,250.

Obaaderemi2:
Nigeria has a bigger GDP per capita than Kenya.

rvp2018:
I see you twisted after realizing you tied yourself in a knot. I didnt say focused. I said INCLUDES "useless" political-cultural-social indicators that distort it from purely urban development. Those soft issues you cannot see from your naked eyes when you watch Asian city video and South Africa. You can clearly see from your own naked eye that one is miles away. But of course they dont have political rights, gays have no right, and they are not a democracy.

Again if we were to race - and I start 30% ahead of you - how will you catch up.

Did you go to school or you're just a hunter? If you went to school 30% is HUGE - even 10% is huge.

Refresh your memory :

rvp2018:
You always tout the Mercer QOL - as measure of cities - while it contains HDI like indicators on human rights, freedoms, life expectancy - and less on urban development. That only way South Africa can measure up to Chinese or Middle East cities because they will score zero in political freedoms.

Also my name isn't Samorobo.... The naked eye test b.s doesn't float with me.

The madman I know you're sweating but what you done is basically DEFAULT. It appears there was no amicable negotiation with external creditors and today you announce a technical default.

I knew with kind of brains (or more lack of ) we've seen here - it was a matter of time.

The music...

"Ghana just announced it can't service external debt including Eurobonds, commercial and bilateral loans!

FYI, we cannot repay our debt because we are insolvent or bankrupt!

Fitch, S&P and Moody's are expected to immediately downgrade our rating to Default ( D)!
"

Obaaderemi2:
Nigeria has a bigger GDP per capita than Kenya.

in terms of GDP nominal yes however Kenya is slightly ahead in terms of GDP ppp which is the more accurate means to measure economic efficiency

Again - I used the word "contains" - which mean INCLUDES - those are synonyms. In fact in my programming life - I use either Contain or Include interchangeably.

Focused is totally different thing. In short Joburg is not ahead of Chinese cities. It requires common sense. The data is suppose to explain common sense.

Should I learn Afrikaaner or will you learn English

jl115:
Refresh your memory :



Also my name isn't Samorobo.... The naked eye test b.s doesn't float with me.

rvp2018:
Again - I used the word "contains" - which mean INCLUDES - those are synonyms. In fact in my programming life - I use either Contain or Include interchangeably.

Focused is totally different thing.

Should I learn Afrikaaner or will you learn English

Muppet I'm not debating wether "focus" means the same as contain/ includes.

You clearly said "less on urban development"..... Meaning mercer includes/contains less urban development categories.... Which as we've established the opposite is true.

rvp2018:
Your country is tiny - one can drive round it in a single day. Most of it arable. Kenya is different. Small part of it is arable - the rest is mostly semi arid and arid. Your country is populated all over. Kenya isnt. Why would we build highways in desert?

saying one can drive within Ghana in a single day is an act of slowpoke. It takes you nothing less than 20 hours drive from Accra to zabzugu in northern region of Ghana for example , how is it tiny . The northern region for example is about 71 square kilometres. How is that tiny ? Are you an idiot. Ghana is not populated all over ...it is just a courry of 30 million people ( Accra and Kumasi has taken 1/ 3 of the whole total population) ).

You are only explaining how underdeveloped your country is . Nigeria war turn bornu state( northern area) is as developed as Nairobi...

Nominal GDP I will keep repeating is gold standard as PPP is rarely accurate while USD can run ahead and tell us Ghana is going down - and people are about to suffer economic depression.

That is why USD is the king except for a few currency manipulators like Chinese/Japanase - and those south asians who export tonnes of things - way beyond their GDP.

Veitnam has weakest currency as their export is already way above their GDP. Those are countries where PPP can tell us their true economic strength - which they understate.

jl115:
in terms of GDP nominal yes however Kenya is slightly ahead in terms of GDP ppp which is the more accurate means to measure economic efficiency

You're bankrupt because you waste money. 1962. 1972.1982. 2022. Next time dont waste money in the Northern Region or paying nurses Allowances.

We invest in Nairobi because it's goose that lay the golden egg. Why would we invest in Turkana that size of Ghana almost and has few people.

Now Ghana that literally mines money or gold in their field is BANKRUPT. And everyone knows why - wasteful expenditure.

vaxx:
saying one can drive within Ghana in a single is an act of slowpoke. It takes you nothing less than 20 hours drive from Accra to zabzugu in northern region of Ghana for example , how is it tiny . The northern region for example is about 71 square kilometres. How is that tiny ? Are you an idiot. Ghana is not populated all over ...it is just a courry of 30 million people ( Accra and Kumasi has taken 1/ 3 of the whole total population) ).

Yes anything less than 100% urban development which includes political-social-cultural-huma-rights indicators - we cannot use to compare cities in terms of urban development. We rather use the naked eye test.

Is Joburg more free - of course - I hear your cabinet has even allowed smoking of weed - gays can marry - people have political and individual rights - these are good things to have - but when I want to compare say Gautrain - and chinese fast trains - then I get lost.

jl115:
Muppet I'm not debating wether "focus" means the same as contain/ includes.

You clearly said "less on urban development"..... Meaning mercer includes/contains less urban development categories.... Which as we've established the opposite is true.

rvp2018:
Nominal GDP I will keep repeating is gold standard as PPP is rarely accurate while USD can run ahead and tell us Ghana is going down - and people are about to suffer economic depression.

That is why USD is the king except for a few currency manipulators like Chinese/Japanase - and those south asians who export tonnes of things - way beyond their GDP.

Veitnam has weakest currency as their export is already way above their GDP. Those are countries where PPP can tell us their true economic strength - which they understate.

another common rvp L

Everyone uses nominal GDP - a country is LDC< Low MIddle or Upper Middle Income or Developed based on Nominal GDP; It's default gold standard. PPP is mainly used for internal purposes really.

jl115:
another common rvp L

rvp2018:
Yes anything less than 100% urban development which includes political-social-cultural-huma-rights indicators - we cannot use to compare cities in terms of urban development. We rather use the naked eye test.

why you shifting the goal posts?? You said less urban development categories were included vs political /environmental.... Yet that statement was found to be untrue.

No such thing as "naked I eye test" when we are talking about actual researched indexes

Rural south africa has those 30% indicators - of political freedoms. I am not interested in such. I am interested in Joburg city and Nairobi city in terms of urban development - and purely economic indicators. When we add indicators of political and social nature - human rights - then obviously western cities will always win.

And it's a good thing - I dont have beef with Mercer.

I have beef with you using it wrongly. Mercer QOL is meant to help expat choose where to live happily - most of them are western nation experts. They have to choose btw middle eastern or chinese 1st or next world cities - or Joburg - where they can live a more wholesome free life - although crime and power cuts will soon take them down.

jl115:
why you shifting the goal posts?? You said less urban development categories were included vs political /environmental.... Yet that statement was found to be untrue.

No such thing as "naked I eye test" when we are talking about actual researched indexes

rvp2018:
Everyone uses nominal GDP - a country is LDC< Low MIddle or Upper Middle Income or Developed based on Nominal GDP; It's default gold standard. PPP is mainly used for internal purposes really.

GDP ppp is much more useful at comparing countries with each other since it takes into account cost of living.....a fvcking important factor when evaluating the efficiency and well being of an economy.

And no, GNI is used to classify a country within a certain income group, not gdp nominal

It has drawbacks - it hard to update (for example we already know Ghana has tanked using USD) and secondly it doesnt take care of quality - haircut in Kenya and South Africa - are not exactly the same - South Africa one likely to be more hygienic and will include massage. Here in Geneva I pay 10 times for haircut - but the number of haircutting machines they have is also 10 times.

jl115:
GDP ppp is much more useful at comparing countries with each other since it takes into account cost of living.....a fvcking important factor when evaluating the efficiency and well being of an economy.

And no, GNI is used to classify a country within a certain income group, not gdp nominal

rvp2018:
Rural south africa has those 30% indicators - of political freedoms. I am not interested in such. I am interested in Joburg city and Nairobi city in terms of urban development - and purely economic indicators. When we add indicators of political and social nature - human rights - then obviously western cities will always win.

And it's a good thing - I dont have beef with Mercer.

I have beef with you using it wrongly. Mercer QOL is meant to help expat choose where to live happily - most of them are western nation experts. They have to choose btw middle eastern or chinese 1st or next world cities - or Joburg - where they can live a more wholesome free life - although crime and power cuts will soon take them down.

Ive already posted several sources that clearly show SA is far ahead of Egypt wrt infrastructure as well so yeah.... Even this argument of yours has gone bust

Now that we are on the right track - let resume next year on those indicators. Leave political-social indicators. Egypt is military islamic dictatorship. I wont want to live there.

jl115:
Ive already posted several sources that clearly show SA is far ahead of Egypt wrt infrastructure as well so yeah.... Even this argument of yours has gone bust

rvp2018:
It has drawbacks - it hard to update (for example we already know Ghana has tanked using USD) and secondly it doesnt take care of quality - haircut in Kenya and South Africa - are not exactly the same - South Africa one likely to be more hygienic and will include massage. Here in Geneva I pay 10 times for haircut - but the number of haircutting machines they have is also 10 times.

Yes its more complicated to calculate however it is a much more fair means to compare economies.... That's why they developed it.

Also glad you saw your mistake wrt to GDP nominal not being a factor when measuring which income class a country falls in.

rvp2018:
Now that we are on the right track - let resume next year on those indicators. Leave political-social indicators. Egypt is military islamic dictatorship. I wont want to live there.

like I said before SA is ahead of Egypt in terms of pure infrastructure as well.....so what's your point

WB/IMF uses nominal GDP for that - and also for daily poverty rate and middle class.
I know Kenya will get to upper middle income when we approach 4,000usd.
South Africa need to get to 12,000usd to become like Mauritus a developed country.

USD is just gold standard for international comparison despite drawbacks like temporary currency shocks and of course south asains who keep their economies strength hidden.

jl115:
Yes its more complicated to calculate however it is a much more fair means to compare economies.... That's why they developed it.

Also glad you saw your mistake wrt to GDP nominal not being a factor when measuring which income class a country falls in.

I believe Egypt's Cairo when we compare infra, housing, and such will beat Joburg

jl115:
like I said before SA is ahead of Egypt in terms of pure infrastructure as well.....so what's your point

The silence from resident madman is proudly sponsored by Ghana sovereign default.

They should default daily so we can have some peace to engage in mature adult convo.

rvp2018:
I believe Egypt's Cairo when we compare infra, housing, and such will beat Joburg

it's not what you believe, it's what the facts tell us, and in terms of the indexes available to us it places SA above Egypt and Joburg above Cairo

We shall have this engagement sometime in 2023 inshallah.

jl115:
it's not what you believe, it's what the facts tell us, and in terms of the indexes available to us it places SA above Egypt and Joburg above Cairo

rvp2018:
WB/IMF uses nominal GDP for that - and also for daily poverty rate and middle class.
I know Kenya will get to upper middle income when we approach 4,000usd.
South Africa need to get to 12,000usd to become like Mauritus a developed country.

USD is just gold standard for international comparison despite drawbacks like temporary currency shocks and of course south asains who keep their economies strength hidden.

no they don't, the WB and IMF use GNI wrt income class.

GDP ppp is better at comparing countries for the reasons I already mentioned

rvp2018:
We shall have this engagement sometime in 2023 inshallah.

you've already lost this engagement bru... No need to have it again in 2023

BTW so far I'm impressed with Ruto... Especially his no nonsense approach to failing SOEs

Ruto is the real deal. You'll soon his crazy hardwork paying. Him and the Zambian president are the new kids in the block. Ramaphosa has disappointed. Seem to tired to lead. The South Africa reform train has totally derailed. ANC gov is just there. More sleepy than Buhari

jl115:
BTW so far I'm impressed with Ruto... Especially his no nonsense approach to failing SOEs

rvp2018:
Okay Ghanian - here we go with default. That should keep you busy for next two decades as you battle bankruptcy. We shall see you again somewhere in 2040 - when Kenya - then a developed country - will be sending AID to bail you out.

External debt default.

not a default lunatic

This is a follow up to the new bonds that have been agreed upon which signified zero coupons for the year 2023..

The new agreement for the external debt will be published soon.


Your lack of reading comprehension will always hurt your attempt to make an understanding of things like finance and economics.

This publication is a CAC designed for hold out creditors to either trigger their lawsuit clause which will lead the govt to trigger it clause on freeze on litigation