₦airaland Forum

rvp20182:
Imf and world bank October outlook are projections.only south Africa has released their Q3.2022 final real figures will be known in most countries march/April next year..they need at least two months to collect and crunch numbers after end of a quarter.But imf outlook of October are pretty accurate compared to April because they already know the first half and have to project the remainder

Nigeria as well and Kenya has released half year data.... So again it's irrelevant since the October economic outlook is the most up to date GDP figures we have available.

Shaytun:
Projected growth figure, nothing is written in stone yet.

And if you’re conversant with the IMF system, you’ll know they have often times get their figures wrong, in fact nigeria exceeded the projected GDP growth rate from imf this year.

Our GDP now stands at 504 billion dollars, and Kenya is 114 billion dollars which is down from the over 120 billion that was projected.

And yes GDP per capita is the more realistic of the economy outlook and we have a higher per capita than Kenya.

Q3 data has been published by Nigeria so yes those figures are accurate.... Also I'm specifically talking about GDP ppp not GDP nominal... Which is what you are mentioning

jl115:
if you agree with that then you are just as ret@rded....the bro said the GDP doesn't count because the data only contains Q3 data..... When it's simply the GDP per capita of kenya vs Nigeria at October 2022

Read his submission again. He has actually cemented your take on recent data. Data from Q3 is not the same 3 months later, unless the country is a sleeping giant. Q3 is nearly// almost an annual fiscal data --- which now covers data from all quarters in a year, Q1---Q4. So, each complete quarter gives us the most valid recent data.

And yes, since Q3 is the only recent data, then we can go with it.

Shma2022:
Read his submission again. He has actually cemented your take on recent data. Data from Q3 is not the same 3 months later, unless the country is a sleeping giant. Q3 is nearly// almost an annual fiscal data --- which now covers data from all quarters in a year, Q1---Q4. So, each complete quarter gives us the most valid recent data.

Read:

"The idiot might not know this. But everyone knows this is the 4th quarter. He's just arguing blindly trying to curry favour."

"The figure you posted stands for Q3 2022 not the whole year of 2022."

"There are 4 Quarters in a year, the figure you posted contains 3 quarters, the result of the last quarter we are in is not yet out, how then can you claim that’s nigeria figure for 2022?"

jl115:
Read:

"The idiot might not know this. But everyone knows this is the 4th quarter. He's just arguing blindly trying to curry favour."

"The figure you posted stands for Q3 2022 not the whole year of 2022."

"There are 4 Quarters in a year, the figure you posted contains 3 quarters, the result of the last quarter we are in is not yet out, how then can you claim that’s nigeria figure for 2022?"

Now, this is beyond ret@rdedness.

Shma2022:
Now, this is beyond ret@rdedness.

you guys are damn hilarious.

jl115:
if you agree with that then you are just as ret@rded....the bro said the GDP doesn't count because the data only contains Q3 data..... When it's simply the GDP per capita of kenya vs Nigeria at October 2022

Oh my lord!!

What we have is a projected GDP figures of 2022!!!. That takes into account data from Q1-Q3.

Real GDP figures of any country is not yet out since Q4 data is projected and not Real!!!

Why are you being ret@rded?

It’s even stated on the IMF website you’re getting your figures from

vaxx:
Calling someone who achieved more than kenya as an individual ""stupid "" is an act of stupidity on his own , you are indeed stupid Nana has an individual achieved as an individual than a nation called kenya. Most of what your govt borrowed money for can't be counted for, there is no single project that can be shown by your government worthy of the expenditure. Check the railway line for instance ( it is a burden ) They are overpriced and overlooted at the same time. The government is only eating from his debt and sinking you idiot , that is the only difference from us . Killing you with high Increased taxes which they will loot at the end . They are borrowing to loot. Your parliament is as corrupt as anything. They are hiding too many things from you idiot. Let them show you the agreement they have with china firstly incase they default.

Some prominent human rights activists seek to know the agreement , they collect court injunction but your Govt failed to honor it. That is a backwater

You don't understand what it means to go burst... recovery could take 20yrs and all his efforts are now wasted...how many great companies or countries have gone belly up.Dont think this some joke

rvp20182:
You don't understand what it means to go burst... recovery could take 20yrs and all his efforts are now wasted...how many great companies or countries have gone belly up.Dont think this some joke

Ghana has fully recovered and back stronger.
It's the fastest recovery I've seen in recent times without taking any help from anyone. That's what resilience look like.


I'm more worried for Kenya, you guys have been down for 3 years now and the problems are no near being solved. Your country has a budget deficit of almost 12 billion dollars and you guys are celebrating over budget support of 450 million from IMF
Is that even equivalent to 5% ?

You are half year out and kra has only collected 750 billion and a depreciating kshs is only making things worse for you.

Your country is not smart at all ... Who in his right mind will be subsidizing rice import by removing taxes when you can use that tax to support Kenyan rice farmers to grow more rice?

This is what being belly flat looks like

Just30:
Ghana has fully recovered and back stronger.
It's the fastest recovery I've seen in recent times without taking any help from anyone. That's what resilience look like.


I'm more worried for Kenya, you guys have been down for 3 years now and the problems are no near being solved. Your country has a budget deficit of almost 12 billion dollars and you guys are celebrating over budget support of 450 million from IMF
Is that even equivalent to 5% ?

You are half year out and kra has only collected 750 billion and a depreciating kshs is only making things worse for you.

Your country is not smart at all ... Who in his right mind will be subsidizing rice import by removing taxes when you can use that tax to support Kenyan rice farmers to grow more rice?

This is what being belly flat looks like

This is what I dislike about these k-nyansh guys they will leave their own terrible issues to talk about yours

Shma2022:
Now, this is beyond ret@rdedness.

exactly

Shaytun:
Oh my lord!!

What we have is a projected GDP figures of 2022!!!. That takes into account data from Q1-Q3.

Real GDP figures of any country is not yet out since Q4 data is projected and not Real!!!

Why are you being ret@rded?

It’s even stated on the IMF website you’re getting your figures from

I didnt say the figures are for the entire 2022.... I said they are as of October 2022....what is so difficult to understand?

Just30:
Ghana has fully recovered and back stronger.
It's the fastest recovery I've seen in recent times without taking any help from anyone. That's what resilience look like.


I'm more worried for Kenya, you guys have been down for 3 years now and the problems are no near being solved. Your country has a budget deficit of almost 12 billion dollars and you guys are celebrating over budget support of 450 million from IMF
Is that even equivalent to 5% ?

You are half year out and kra has only collected 750 billion and a depreciating kshs is only making things worse for you.

Your country is not smart at all ... Who in his right mind will be subsidizing rice import by removing taxes when you can use that tax to support Kenyan rice farmers to grow more rice?

This is what being belly flat looks like

Refusing that a countries is facing multiple challenges is being naive.

SA, Ghana, Nigeria, Kenya ar, Tanzania are all facing issues now

AfriqueDuZuid:
Refusing that a countries is facing multiple challenges is being naive.

SA, Ghana, Nigeria, Kenya ar, Tanzania are all facing issues now

don't mind them... They have an issue up head

rvp20182:
You don't understand what it means to go burst... recovery could take 20yrs and all his efforts are now wasted...how many great companies or countries have gone belly up.Dont think this some joke

I can't comprehend your nonsense .

Just30:
Ghana has fully recovered and back stronger.
It's the fastest recovery I've seen in recent times without taking any help from anyone. That's what resilience look like.


I'm more worried for Kenya, you guys have been down for 3 years now and the problems are no near being solved. Your country has a budget deficit of almost 12 billion dollars and you guys are celebrating over budget support of 450 million from IMF
Is that even equivalent to 5% ?

You are half year out and kra has only collected 750 billion and a depreciating kshs is only making things worse for you.

Your country is not smart at all ... Who in his right mind will be subsidizing rice import by removing taxes when you can use that tax to support Kenyan rice farmers to grow more rice?

This is what being belly flat looks like

You saying Ghana is out of the woods is far from the truth.

Kenya new tax regime, may lead to exodus of companies changing base if they haven't started already.

AfriqueDuZuid:
You saying Ghana is out of the woods is far from the truth.

Kenya new tax regime, may lead to exodus of companies changing base if they haven't started already.

It's the closest you can come to the truth..
Ghana took prudent steps to nip the cedi depreciation in the bud and now inflation has dropped massively ....
The 3 main drivers of Ghana inflation have gone down

Those are the two things that drove Ghana into a crisis.

As for Kenya, it's like they don't understand what's happening to them, they keep digging deeper into it.
The list of bankrupt companies in Kenya keep increasing and the exodus keeps growing hence the huge 6 billion capital outflows.

AfriqueDuZuid:
You saying Ghana is out of the woods is far from the truth.

Kenya new tax regime, may lead to exodus of companies changing base if they haven't started already.

Ghana is absolutely on the verge of comeback . The debt exchange program is geared toward maximizing macro economics condition. By middle 2023 at most Ghana will have fully come back . At least , there is less pressure on the cedis now. Inflation is gradually coming down.. prices of some commodity are halved by 30 percent since the beginning of the fall of the dollar. We are getting the inflation in check. Fuel price is also down.

Our public transport service have reduce their transport fare ......

Just30:
It's the closest you can come to the truth..
Ghana took prudent steps to nip the cedi depreciation in the bud and now inflation has dropped massively ....

These are the two things that drove Ghana into a crisis.

As for Kenya, it's like they don't understand what's happening to them, they keep digging deeper into it

Just wait you'll see Ghana is far from being out of the woods.

vaxx:
Ghana is absolutely on the verge of comeback . The debt exchange program is geared toward maximizing macro economics condition. By middle 2023 at most Ghana will have fully come back . Ar least , there is less pressure on the cedis now. Inflation is gradually coming down.. prices of some commodity are halved by 30 percent since the beginning of the fall of the dollar. We are getting the inflation in check. Fuel price is also down.

Our public transport service have reduce their transport fare ......

Fuel prices going down is a global trend
Same goes for falling inflation

Just30:
It's the closest you can come to the truth..
Ghana took prudent steps to nip the cedi depreciation in the bud and now inflation has dropped massively ....
The 3 main drivers of Ghana inflation have gone down

Those are the two things that drove Ghana into a crisis.

As for Kenya, it's like they don't understand what's happening to them, they keep digging deeper into it.
The list of bankrupt companies in Kenya keep increasing and the exodus keeps growing hence the huge 6 billion capital outflows.

Some say Ghana used her little reserves to shore up the cedis and this is why they had to announce a halt to their external debt servicing. However, I can’t find any official report to this claim, does this have some atom of truth?

AfriqueDuZuid:
Fuel prices going down is a global trend
Same goes for falling inflation

it is a global phenomenon , true. So do you also have your public transportation prices coming down . Since that is the only fact you pick from the write up.

AfriqueDuZuid:
Just wait you'll see Ghana is far from being out of the woods.

Don't take it from me ... Take it from economist and capital market analyst like Noah

"Ghana basically did a speedrun of its emerging market crisis, getting the pain over with and skipping to the recovery phase".

AfriqueDuZuid:
Fuel prices going down is a global trend
Same goes for falling inflation

Not really when the fall in prices here has been greater than the international market fall

GeneralDae2:
Some say Ghana used her little reserves to shore up the cedis and this is why they had to announce a halt to their external debt servicing. However, I can’t find any official report to this claim, does this have some atom of truth?

nah, there is suspension on any external debt payment for now, that increased the liquidity anyway but it wasn't enough. the actual reason is the continue buying of forex from mining and oil sector , the increased of forex from remintance and couple with the staff level agreement with the IMF . When we reached the board level, the economy will have fully recovered.

vaxx:
it is a global phenomenon , true. So do you also have your public transportation prices coming down . Since that is the only fact you pick from the write up.

Public transport is subsidized already

Just30:
Not really when the fall in prices here has been greater than the international market fall

The rise in the market prices were number 1 if not 2 also

Just30:
Don't take it from me ... Take it from economist and capital market analyst like Noah

"Ghana basically did a speedrun of its emerging market crisis, getting the pain over with and skipping to the recovery phase".

Recovery sometimes takes months or years

Wait for the quarterly economic report will take it from there

GeneralDae2:
Some say Ghana used her little reserves to shore up the cedis and this is why they had to announce a halt to their external debt servicing. However, I can’t find any official report to this claim, does this have some atom of truth?

Not true
They are speculating because they don't understand how it recovered so fast.
What caused the cedi to recover that fast had to do with Ghana making dollars unavailable to certain importers hence forcing them to source products locally which immediately reduce the pressure by 2 billion dollars and creating an immediate surge in the need for the cedis which led to a shortage of cedis for a period.
This was exacerbated by progress in a 5 billion dollars worth of fuel for cedis swap agreement that will make oil marketers directly or indirectly trade fuel in cedis.

The reserves has actually increased to 9 billion dollars.

The halt to external debt servicing was actually a smart move meant to extremely drop Ghana debt burden below 50% in the next 3 to 5 years by forcing bond holders like blackrock, Franklin Templeton and co to immediately run to the negotiation table to create a favourable spread...

AfriqueDuZuid:
Public transport is subsidized already

I am asking if the price is down . Subsidy exist in every sector in one form or the other . Don't be a bad student . Do you have your transport fares coming down since the fall of the fuel ? I think Ghana is the only country that have done it . You can bring an evidence to disagree

vaxx:
I am asking if the price is down . Subsidy exist in every sector in one form or the other . Don't be a bad student . Do you have your transport fares coming down since the fall of of the fuel ?

In SA, transport fares never come down, even if petrol prices to record lows

AfriqueDuZuid:
The rise in the market prices were number 1 if not 2 also

number 1 was the cedi appreciation and number 2 was BOG aiding oil marketers in their trade by making finance conditions highly favourable.