₦airaland Forum

Shma2023:
Explain what you just said in comparison with Ghana. 10 MKs

I will debunk it if it's gibberish.


Ghana's debt to revenue is 101% --- IMF just gave you 104%, Wow!

Kenya is targeting to grow tax revenue above 18% --- more than $30B of GDP this year. Policies have been put in place and everyone is feeling it. Our debt ceiling will be pushed to less than 55% by 2025. Ghana by then will be approaching 200% debt to revenue and it be better not than south Sudan.

Ghana debt service to revenue is 40%.. wages and compensation takes another 40% of Ghana revenue.

So Ghana is highly in the limit of servicing it debt.

Kenya is doing 80% of debt servicing to revenue ... Wages and compensation takes another 60% of Kenya revenue...

So you have an even bigger problem than you know


I hope you get to learn the difference between debt to revenue and debt to GDP 🤣😂

If you're expecting a cabinet member to badmouth his govt, then you don't understand the politics in your country

Shma2023:
Ghana is formally seeking financial assistance from bilateral creditors.

Not really

Basically, the IMF is going to buy all of Ghana's debt for Pennies on the dollar and sell it to BlackRock and Blackrock will put it on people's 401k as ESG debt

That's a smart move 😂🤣

ProblemChild1:
Ghana is a ZOOO

We know Nigeria is a Zoo but you don't have to drag everyone to that level
Misery should not always have company 🤣😂🤣

If I were to be a Nigerian, I'll be more than worry as the country debt servicing crossed 90% of revenue especially when it can't really raise revenue without insighting a revolution cause Nigerians feel they don't get anything from the country hence don't see the need to pay tax to it.

Shma2023:
This hospital is beautiful but tiny.

There is something grand just a stone's throw away from GTC.

It will be the biggest research hospital in Africa.

It's a military project, so the possibility of taking pictures on the site is zero. Construction might end this year. They're doing phases --- Phase one is done, the second phase is almost done.

You call Universty Of Ghana Medical Center(UGMC) small, funny

Well that's just the 1st phase of the project so wait till its fully done then we compare both hospitals

vankelvin:
You call Universty Of Ghana Medical Center(UGMC) small, funny

Well that's just the 1st phase of the project so wait till its fully done then we compare both hospitals

he's yet to learn a few things about hospitals and proximity

These pictures are that of the Koforidua Regional Hospital (one of the Agenda 111)
Last week I was in Koforidua and I was impressed with the level of work done so far. Its almost completed

Also because of the hospital they have started work on the Koforidua housing project that stalled since 2009

vaxx:
Ghana is building One Hundred and Eleven (111) new hospitals in various districts of the country. Covid-19 exposed the country's health system as inadequate and the country is solving it by building new hospitals.

Some year's ago, Ghana faced a problem with its electricity supply leading to prolonged blackouts. The country was able to solve it by building new power plants which have made Ghana a net exporter of electricity. Ghana currently uses less than half of the electricity it generates.

These new 111 hospitals will make Ghana a health tourism destination in West Africa. The images below are one of such hospitals being built in Koforidua in the Eastern Region of Ghana.

vankelvin:
These pictures are that of the Koforidua Regional Hospital.
Last week I was in Koforidua ad was impressed with the level of work. Its almost completed

Also because of the hospital they have started work of the Koforidua housing project that halted since 2009

Policy works . The politicians actually drag theirselves like the normal in other countries but we forced their ass to work here . Govt can overfeed you for nothing .

vankelvin:
These pictures are that of the Koforidua Regional Hospital.
Last week I was in Koforidua ad was impressed with the level of work. Its almost completed

Also because of the hospital they have started work of the Koforidua housing project that halted since 2009

That's good ...

I'm waiting for the Tema General hospital to begin as well as the Labadi one.

I feel like Tema has too many hospitals for it population and One specialist hospital is Enough, adding Tema general will be a waste of resources.

Everybody knows nigeria is a zoo so stop wasting words

ProblemChild1:
Ghana is a ZOOO

Just30:
he's yet to learn a few things about hospitals limit proximity

He only wants to start an unnecessary argument

They built the hospital so close to Kuffour housing projects so I think they want to complete those houses for the health workers

Just30:
That's good ...

I'm waiting for the Tema General hospital to begin as well as the Labadi one.

I feel like Tema has too many hospitals for it population and One specialist hospital is Enough, adding Tema general will be a waste of resources.

Tema and la projects are very necessary

vankelvin:
You call Universty Of Ghana Medical Center(UGMC) small, funny

Well that's just the 1st phase of the project so wait till its fully done then we compare both hospitals

korlebu already Is the second largest hospital in Africa . For a population that is just 30 million

vankelvin:
Those projects are very necessary

Tema general is not... They already have Maritime Hospital.

It will be good to put all those project to use as intended

Beautiful Coastal town and Beach

https://youtube.com/shorts/DDmv5J0__s4?feature=share

Just30:
Tema general is not... They already have Maritime Hospital

Tema really needs that hospital

We need to turn our focus of that city and build it according to the original plan. By now Tema should be competing with the best cities in Africa

vankelvin:
Tema really needs that hospital

We need to turn our focus of that city and build it according to the original plan. By now Tema should be competing with the best cities in Accra

Which is mostly industrial

TDC needs to rebuild community 1, 2, 4 just like they are doing to 3 ... They've outlived their usefulness.

They can do this by offering a scheme where people give up their old houses and get a new one at either a tiny cost or free just like the Russians have done.

Shma2023:
South African markets are facing huge competition in Kenya. Boer, what's happening?
More firms are closing up!

if it were to be closing down in other countries, kenyans will be the first to say the country does not have a good investment environment.

I laugh at ur hypocrisy.

theenchanter:
if it were to be closing down in other countries, kenyans will be the first to say the country does not have a good investment environment.

I laugh at ur hypocrisy.

😂🤣😂🤣

Except it's not just SA firms closing up... Lot of others from various sectors are too which indicates an even bigger problem

Just30:
Ghana debt service to revenue is 40%.. wages and compensation takes another 40% of Ghana revenue.

So Ghana is highly in the limit of servicing its debt.

Kenya is doing 80% of debt servicing to revenue ... Wages and compensation take another 60% of Kenya's revenue...

So you have an even bigger problem than you know


I hope you get to learn the difference between debt to revenue and debt to GDP 🤣😂

If you're expecting a cabinet member to badmouth his govt, then you don't understand the politics in your country

Focus on the elephant in the room. There is a thin line between revenue and GDP. That's not to say debt to GDP = debt to revenue. The last time I checked, Ghana's debt servicing to revenue was playing at about 81%. --- The latter was doing 23% --- from 2021 WB data.
This mean, Ghana is in debt distress.

Mind you, you had to check in to HIPC( heavily indebted poor countries initiative) to receive baby care like an irrelevant country. Heck, only 25 well-known extremely backward nations are in that initiative.


https://www.imf.org/en/About/Factsheets/Sheets/2023/Debt-relief-under-the-heavily-indebted-poor-countries-initiative-HIPC


Now differentiate zoos -- from well-established countries.

Ghana's debt has consistently risen by a whopping 70% from 2010 -10yrs ago. Equate it with development devoidness, lack of standard world-class infrastructures, unlimited arable land, Gold, and extremely low population.

Heck! Ghana spent almost 80% -- 78% of the revenue to service interest & amortization. This means, no serious development will be seen in ghana in the next decade! The country will sink deep into debt and get fed as a child under the HIPC initiative.

Just30:
😂🤣😂🤣

Except it's not just SA firms closing up... Lot of others from various sectors are too which indicates an even bigger problem

Imagine.

theenchanter:
if it were to be closing down in other countries, kenyans will be the first to say the country does not have a good investment environment.

I laugh at ur hypocrisy.

No one is celebrating or crying. The message is for jl115. He knows where our conversation roots.

Please, don't quote me.

Just30:
Not really

The IMF is going to buy all of Ghana's debt for Pennies on the dollar and sell it to BlackRock and Blackrock will put it on people's 401k as ESG debt

That's a smart move 😂🤣

This is beyond ret@rdation. Take your doze already.

Shma2023:
No one is celebrating or crying. The message is for jl115. He knows where our conversation roots.

Please, don't quote me.

u must be crazy for asking me not to quote u.

U're not just crazy, u're terribly mad.

vankelvin:
You call Universty Of Ghana Medical Center(UGMC) small, funny

Well that's just the 1st phase of the project so wait till its fully done then we compare both hospitals

Yes. It's tiny.

Where is the construction site? I believe you can give us a glimpse of progress.

theenchanter:
u must be crazy for asking me not to quote u.

U're not just crazy, u're terribly mad.

What is wrong with you?

theenchanter:
u must be crazy for asking me not to quote u.

U're not just crazy, u're terribly mad.

Are you on your menses? The mood swing is screaming.

Just30:
he's yet to learn a few things about hospitals and proximity

How is proximity got to do with me calling out a tiny over-hyped structure?

Shma2023:
Focus on the elephant in the room. There is a thin line between revenue and GDP. That's not to say debt to GDP = debt to revenue. The last time I checked, Ghana's debt servicing to revenue was playing at about 81%. --- The latter was doing 23% --- from 2021 WB data.
This mean, Ghana is in debt distress.

Mind you, you had to check in to HIPC( heavily indebted poor countries initiative) to receive baby care like an irrelevant country. Heck, only 25 well-known extremely backward nations are in that initiative.


https://www.imf.org/en/About/Factsheets/Sheets/2023/Debt-relief-under-the-heavily-indebted-poor-countries-initiative-HIPC


Now differentiate zoos -- from well-established countries.

Ghana's debt has consistently risen by a whopping 70% from 2010 -10yrs ago. Equate it with development devoidness, lack of standard world-class infrastructures, unlimited arable land, Gold, and extremely low population.

Heck! Ghana spent almost 80% -- 78% of the revenue to service interest & amortization. This means, no serious development will be seen in ghana in the next decade! The country will sink deep into debt and get fed as a child under the HIPC initiative.

Ghana debt servicing to revenue for the last 3 years been within the range of 30 to 45%
So cry for Kenya for getting to that huge level

This is the World Bank state telling you Ghana is not HIPC
https://www.myjoyonline.com/ghana-is-not-hipc-world-bank/#:~:text=Ghana%20was%20among%20the%20countries,it%20said%20in%20a%20statement.

I know you like other countries joining you in your misery but Ghana has not gotten to to the 80% level of Kenya on interest and amortization

theenchanter:
Imagine.

Sometimes I just watch and laugh

Shma2023:
This is beyond ret@rdation. Take your doze already.

Already you've started calling people names because they exposed facts....

Soon you'll be crying

Shma2023:
How is proximity got to do with me calling out a tiny over-hyped structure?

Your country does not have something like that .... It's the second of it kind in Africa 😂

Proximity means people do not have to drive for an hour or 2 hours to access a major hospital.

This means it makes no sense to put a 2,000 to 4,000 bed facility somewhere where people will drive for kilometers to access .

The sensible thing to do is to 4 or more of it of 500 to 1000 bed in various part of the country

Just30:
Ghana debt servicing to revenue for the last 3 years been within the range of 30 to 45%
So cry for Kenya for getting to that huge level

This is the World Bank state telling you Ghana is not HIPC
https://www.myjoyonline.com/ghana-is-not-hipc-world-bank/#:~:text=Ghana%20was%20among%20the%20countries,it%20said%20in%20a%20statement.

I know you like other countries joining you in your misery but Ghana has not gotten to to the 80% level of Kenya on interest and amortization

which phone are u using? Google pixel?