₦airaland Forum

Just30:
oh okay

Either Eurobond debts or just old external debts (outdated info).

Nigerian politics aside.

What are the chances of Ghana losing a lot of its aid if it passes its anti-LGBT bill thats been on the backburner for quite a few years now? I highly doubt they would be economically sanctioned as thats going alittle too far.

And the Atsu one week continue

TookDownYourMum:
At least Kenya doesn't have a literal drug dealer as a president and a Islamic, Boko Haram terrorist as his vice.

If this election truly wasn't rigged, then majority of you Nigerians are truly ret@rded. Truly wonderful times ahead of Nigeria, wouldn't be surprised if it spilt before Tinubu term ended.

what happened to William ruto's case at ICC.

theenchanter:
don't make me laugh with this list, abeg.😂

So u disputing this one too?

Vaxx, see this

https://www.nairaland.com/7595425/pdp-behind-naira-redesign-policy

Nigeria's participation in the 5th UN Conference on the Least Developed Countries #LDC5 is as part of the wider International Community committed to supporting the world's Least Developed Countries (LDCs).
Nigeria will continue to support LDCs to meet their development challenges

GeneralDae:
Nigeria's participation in the 5th UN Conference on the Least Developed Countries #LDC5 is as part of the wider International Community committed to supporting the world's Least Developed Countries (LDCs).
Nigeria will continue to support LDCs to meet their development challenges

Pray what can a zoo like Nigeria which should be ldc itself support

Mkenya2019:
Pray what can a zoo like Nigeria which should be ldc itself support

Nigeria is going there to support LDCs...... Move on.

Just30:
Those are fake numbers

Kenya debt is 80 billion dollars

Ghana's debt is 34 billion dollars

Don't guess numbers like a nut.

Ghana's debt to GDP is 100% - in 2021, you guys were doing 80% of GDP. Meaning, your debt should be hovering around $55B-$75B in 2021 to 2023 respectively.

Kenya's total debt is around Ksh8.7T .

2021 data from your ministry of finance.

Shma2023:
Don't guess numbers like a nut.

Ghana's debt to GDP is 100% - in 2021, you guys were doing 80% of GDP. Meaning, your debt should be hovering around $55B-$75B in 2021 to 2023 respectively.

Kenya's total debt is around Ksh8.7T .

2021 data from your ministry of finance.

That's basically 40 billion
This is basically 50% of GDP

At least you know that Kenya's debt is 80 billion dollars

The 10 most peaceful countries in Africa

1. Mauritius 🇲🇺
Overall rank: 28

2. Ghana 🇬🇭
Overall rank: 38

3. Botswana 🇧🇼
Overall rank: 41

4. Sierra Leone 🇸🇱
Overall rank: 46

5. The Gambia 🇬🇲
Overall rank: 53

6. Senegal 🇸🇳
Overall rank: 54

7. Tanzania 🇹🇿
Overall rank: 58

8. Malawi 🇲🇼
Overall rank: 59

9. Equatorial Guinea 🇬🇳
Overall rank: 62

10. Namibia 🇳🇦
Overall rank: 65

Source: Business Insider.


Saro really surprised me. From war ravaged country to a peaceful country . : . . . .

Carpe verde is a beautiful country in west africa that is not very popular . It is the most developed west africa country ( Ghana comes second ).

vaxx:
Carpe verde is a beautiful country in west africa that is not very popular . It is the most developed west country ( Ghana comes second ).

Cape Verde has been overlooked for long

Just30:
Cape Verde has been overlooked for long

probably because of her small population and the portuguese lingua

Just30:
That's basically 40 billion
This is basically 50% of GDP

At least you know that Ghana's debt is 80 billion dollars

$58B debt in a GDP of $70B is pretty much 82%. That was in 2021.
Ghana in 2023 is having more than 100% debt to GDP.

"At least you know Ghana's debt is $80B" -- Yes.

vaxx:
probably because of her small population and the portuguese lingua

possibly and the fact that it is an island nation

Shma2023:
$58B debt in a GDP of $70B is pretty much 82%. That was in 2021.
Ghana in 2023 is having more than 100% debt to GDP.

"At least you know Ghana's debt is $80B" -- Yes.

Desperate delusions as usual

Even in the face of facts, you're still making noise

Just30:
Desperate delusions as usual

Even in the face of facts, you're still making noise

Facts should be backed up with reputable sources_ like IMF, world bank, ministry of finance, and the like. Facts are not random barrels dug out from hobbit's @sses. You should start making debates work. Making a debate work is through proving facts with legitimate sources or, accepting facts when you see one. Don't be desperate because Kenya, Nigeria, or SA is doing better than Ghana.

They had almost 30B dollars worth of external debt; and 25B on domestic debt;
That 30B has nearly doubled to 50B - due to Cedis depreciation;
Now add 25B in cedis - local debt.
You get 75B - that is 100% plus of Ghana debt to GDP.

That is big risk with external debt. Currency depreciates - you're in for the music.

Shma2023:
$58B debt in a GDP of $70B is pretty much 82%. That was in 2021.
Ghana in 2023 is having more than 100% debt to GDP.

"At least you know Ghana's debt is $80B" -- Yes.

Shma2023:
Facts should be backed up with reputable sources_ like IMF, world bank, ministry of finance, and the like. Facts are not random barrels dug out from hobbit's @sses. You should start making debates work. Making a debate work is through proving facts with legitimate sources or, accepting facts when you see one. Don't be desperate because Kenya, Nigeria, or SA is doing better than Ghana.

Harsh but necessary.

Support with what?

theenchanter:
Nigeria is going there to support LDCs...... Move on.

Shma2023:
Facts should be backed up with reputable sources_ like IMF, world bank, ministry of finance, and the like. Facts are not random barrels dug out from hobbit's @sses. You should start making debates work. Making a debate work is through proving facts with legitimate sources or, accepting facts when you see one. Don't be desperate because Kenya, Nigeria, or SA is doing better than Ghana.

That's Central Bank data, you fact denial ...
It's the most credible data you can ever have

Is it by force to always feel the need for Ghana to be in the same horrible situation as your country? 🤣😂
Eii !! Which by force forcing is this ?

Such a dwarf

Only country doing better than Ghana is SA, Kenya has too much problems to ever be compared with Ghana.

rvp20182:
They had almost 30B dollars worth of external debt; and 25B on domestic debt;
That 30B has nearly doubled to 50B - due to Cedis depreciation;
Now add 25B in cedis - local debt.
You get 75B - that is 100% plus of Ghana debt to GDP.

That is big risk with external debt. Currency depreciates - you're in for the music.

See another dreamer concocting figures from his ass just like his desperate fellow 😂🤣


Basically, that is 50% of Ghana's 2022 GDP


The fact that this situation is horrible in Kenya does not mean it has to be in Ghana.

https://www.youtube.com/watch?v=jZ5OhjNlYdA

Seems Raila still wants to reclaim his stolen mandate. Wahala nor dey finish?

GeneralDae:

https://www.youtube.com/watch?v=jZ5OhjNlYdA

Seems Raila still wants to reclaim his stolen mandate. Wahala nor dey finish?

The circus never ends 😂🤣

GeneralDae:

https://www.youtube.com/watch?v=jZ5OhjNlYdA

Seems Raila still wants to reclaim his stolen mandate. Wahala nor dey finish?

Lol.

Even Trump is still trying to reclaim his mandate, and claiming the election was rigged.

Shaytun:
Lol.

Even Trump is still trying to reclaim his mandate, and claiming the election was rigged.

And the both have legitimate claims...
Kenya can't run a legitimate election and the US, they did everything to make sure senile Joe won just to spite Trump and launch a war. The very same war they were scaring US voters with that Trump will launch.

Just30:
That's Central Bank data, you fact denial ...
It's the most credible data you can ever have

Is it by force to always feel the need for Ghana to be in the same horrible situation as your country? 🤣😂
Eii !! Which by force forcing is this ?

Such a dwarf

Only country doing better than Ghana is SA, Kenya has too much problems to ever be compared with Ghana.

Lemme help you. You seem obtuse.

Ghana central bank from the latest report says your nominal GDP is GHC502 billion _ but let's assume your GDP is $77B . You said ~in third pic, that your debt is GHC575 billion; which translates to $77.7B using GHC 7.4 of forex used in the last quarter of your fiscal year ~ in same CBG report. Your GDP being $77B means your debt to GDP is hovering at a whopping 100%_ That's if we stick to the central bank of Ghana.
~ 1st, 2nd pics.
Let's try a 2023 Ghanian data:
Let's assume Cedi was trading at GHC 8 in the first Quater before depreciation kicked into 12 cedis against USD. GHC575 billion will be pretty much 71.8($72B).
Let's also pick your fantasy GDP of $77B.If we do the percentage; we will get more or less 93% debt to GDP _ which your central bank also approves ~ last pic.

Shma2023:
Lemme help you. You seem obtuse.

Ghana central bank from the latest report says your nominal GDP is GHC502 billion _ but let's assume your GDP is $77B . You said ~in third pic, that your debt is GHC575 billion; which translates to $77.7B using GHC 7.4 of forex used in the last quarter of your fiscal year ~ in same CBG report. Your GDP being $77B means your debt to GDP is hovering at a whopping 100%_ That's if we stick to the central bank of Ghana.
~ 1st, 2nd pics.
Let's try a 2023 Ghanian data:
Let's assume Cedi was trading at GHC 8 in the first Quater before depreciation kicked into 12 cedis against USD. GHC575 billion will be pretty much 71.8($72B).
Let's also pick your fantasy GDP of $77B.If we do the percentage; we will get more or less 93% debt to GDP _ which your central bank also approves ~ last pic.

Last pic.

Ghana debt to GDP @ 93% ~ Central bank of Ghana.

A hobbit will come and disaprove his own data.

Wait and see

Shma2023:
Last pic.

Ghana debt to GDP @ 93% ~ Central bank of Ghana.

A hobbit will come and disaprove his own data.

Wait and see

Dwarf doesn't know which base year GDP is being used to calculate debt profile as he has no knowledge of economics.

😂🤣

You're really an idiot

They are using 2020 -2021 as base year.

In 2022, Ghana's GDP hit 870 billion Cedis according to Bank of Ghana data.

I'm sure you know maths, that's not a 93% is it?

Shma2023:
Lemme help you. You seem obtuse.

Ghana central bank from the latest report says your nominal GDP is GHC502 billion _ but let's assume your GDP is $77B . You said ~in third pic, that your debt is GHC575 billion; which translates to $77.7B using GHC 7.4 of forex used in the last quarter of your fiscal year ~ in same CBG report. Your GDP being $77B means your debt to GDP is hovering at a whopping 100%_ That's if we stick to the central bank of Ghana.
~ 1st, 2nd pics.
Let's try a 2023 Ghanian data:
Let's assume Cedi was trading at GHC 8 in the first Quater before depreciation kicked into 12 cedis against USD. GHC575 billion will be pretty much 71.8($72B).
Let's also pick your fantasy GDP of $77B.If we do the percentage; we will get more or less 93% debt to GDP _ which your central bank also approves ~ last pic.

Is this the pseudo economics they teach ya in Kenya ? 🤣😂🤣

Ghana external debt is 33 and decreased to 28billion dollars before year end 2022 and domestic debt is 11 billion dollars.

When you add those two, how much debt will you get ?

Both figures come from the IMF.


Kenyans will always be desperate.. I've never seen a society with this many anti-fact people like the Kenyan society.