₦airaland Forum

Mkenya2019:
Done deal.
Ruto already signed it - UAE will supply fuel on credit from April 1st to Dec 31st - 4.8B dollars
We also secured food imports - of another 5B dollars - from AfriExim bank
The only thing we need is to secure medicine deal with US and India

And we still have nearly 4 months of import cover.

That's dangerous to pile on more debt in your countrys disastrous situation.

Soon the will be lines for food just like fuel because you don't have money to pay for it

Biggest pressure from 0.5B dollars every month for oil - that has been sorted with brilliant 4.8B dollars gov to gov agreement with UAE to supply fuel on credit.
Those are now lagging indicators.
KES will stabilize.

Just30:
Dollars rationing 🤣😂🤣

That's new to me

Mkenya2019:
Biggest pressure from 0.5B dollars every month for oil - that has been sorted.
Those are now lagging indicators.
KES will stabilize.

you're now entering it deeper and deeper as the situation gets worse and worse.

With the likes of shell now finding dollars to buy, they can't get fuel and so will the situation get worse

Fuel is not giving out for free - Kenyans will pay for it - and will pay market price.
Food is not free - people will pay for it.

The issue was just relieving the pressure on KES

Just30:
That's dangerous to pile on more debt in your countrys disastrous situation.

Soon the will be lines for food just like fuel because you don't have money to pay for it

Mkenya2019:
Fuel is not giving out for free - Kenyans will pay for it - and will pay market price.
Food is not free - people will pay for it.

The issue was just relieving the pressure on KES

When Kenyans pay for it, where will she'll get the dollars from to also pay for new fuel stock?

For now, they can only access 5,000 doljar per month

We are not bankrupt like Ghana - always remember that is worse of the worse.
Oil cartels in kenya were trying to pull small games - because of change of how fuel is bought - from open tender to gov to gov deal.

Just30:
you're now entering it deeper and deeper as the situation gets worse and worse.

With the likes of shell now finding dollars to buy, they can't get fuel and so will the situation get worse

Fuel is sold in KES. Not in dollars. It's gov business to find the dollars within 9 months to pay. If we dont pay - what will UAE do - invade kenya Nope. We will buy from India or Dangote. And tell them to wait . We didnt cause the Ukraine war.

All they got is our word - that 9 months we will pay for fuel no gold; no security; just signatures.

Just30:
When Kenyans pay for it, where will she'll get the dollars from to also pay for new fuel stock?

For now, they can only access 5,000 doljar per month

Ruto is about to create another subsidy mess for your country when he subsidize gas ...you lost 34 billion just last year alone

Mkenya2019:
We are not bankrupt like Ghana - always remember that is worse of the worse.
Oil cartels in kenya were trying to pull small games - because of change of how fuel is bought - from open tender to gov to gov deal.

Your bankrupt country is busy borrowing food , common food oo as well as fuel. Now there's shortage everywhere and you're here making noise ?

No one is pulling games, they don't have the money to pay for it

LPG - competition will lower prices - gov will only waive the taxes. Uhuru was a fool. Ruto is brilliant.

Just30:
Ruto is about to create another subsidy mess for your country when he subsidize gas ...you lost 34 billion just last year alone

Mkenya2019:
Fuel is sold in KES. Not in dollars. It's gov business to find the dollars within 9 months to pay. If we dont pay - what will UAE do - invade kenya Nope. We will buy from India or Dangote. And tell them to wait . We didnt cause the Ukraine war.

All they got is our word - that 9 months we will pay for fuel no gold; no security; just signatures.

Do you pay KES to UAE for the fuel, dumb guy?

Your government and businesses don't have the dollars to make payment for it even if they are given the whole year and that is why you're borrowing fuel.

Smart countries anticipate problems and fixes them.
That is what kenya gov is doing.
We went to IMF long before problems festered.

Ghana is a huge mess because you live in denial.

You wait until it's too late.

For now - Kenya is sleeping well-- fuel supply secured till Dec 31st - food supply secured.

We start worrying about 2024.

Just30:
Your bankrupt country is busy borrowing food , common food oo as well as fuel. Now there's shortage everywhere and you're here making noise ?

No one is pulling games, they don't have the money to pay for it

Mkenya2019:
LPG - competition will lower prices - gov will only waive the taxes. Uhuru was a fool. Ruto is brilliant.

competition from where when your govt is busy putting a subsidy?
Today, subsidizes is brilliant? But when your ex president did it, it was stupid? 🤣😂

We will pay dollars inshallah. They understand what that mean. If we get into big war with Russia-Ukrainan - we will pull force de majure thing on them. And move on to another supplier.

In short they allowed us to buy fuel on credit - on the strength of our word. No GOLD.

Just30:
Do you pay KES to UAE for the fuel, dumb guy?

Your government and businesses don't have the dollars to make payment for it even if they are given the whole year and that is why you're borrowing fuel.

Mkenya2019:
Smart countries anticipate problems and fixes them.
That is what kenya gov is doing.
We went to IMF long before problems festered.

Ghana is a huge mess because you live in denial.

You wait until it's too late.

For now - Kenya is sleeping well-- fuel supply secured till Dec 31st - food supply secured.

We start worrying about 2024.

people joining lines to fight over fuel and food is not sleeping well... You won't find that in any functional country 😂🤣

Mkenya2019:
We will pay dollars inshallah. They understand what that mean. If we get into big war with Russia-Ukrainan - we will pull force de majure thing on them. And move on to another supplier.

In short they allowed us to buy fuel on credit - on the strength of our word. No GOLD.

crazy kid 😂🤣 living in a dream world

Which subsidy? Removing VAT on LPG is not subsidy. We are bringing more players. Studies show we can lower LPG prices by half. That is what India and likes pay.

Subsidy is collecting taxes - then using it to buy gas. It nice in theory - but implementation is a huge mess.

Ours is to lower taxes for everyone - zero rate LPG>

Just30:
competition from where when your govt is busy putting a subsidy?
Today, subsidizes is brilliant? But when your ex president did it, it was stupid? 🤣😂

It already signed. We have no gold but we got UAE to gives us 5b dollars of Oil.

Just30:
crazy kid 😂🤣 living in a dream world

Mkenya2019:
Which subsidy? Removing VAT on LPG is not subsidy. We are bringing more players. Studies show we can lower LPG prices by half. That is what India and likes pay.

Subsidy is collecting taxes - then using it to buy gas. It nice in theory - but implementation is a huge mess.

Ours is to lower taxes for everyone - zero rate LPG>

what ever you tell yourself

Mkenya2019:
It already signed. We have no gold but we got UAE to gives us 5b dollars of Oil.

I didn't know your situation was that desperate

So bad to the extent that US is now donating food to create some relief for you guys

When you don't grow valuable things that your need and rather use your land to grow valueless things for people in other places, you tend to suffer

Just30:
Finally emptied you of all the lies with freely available facts

its good to be factual all the time poor boy

You silenced us with noise. No one can bare a hobbit's noise; even the loudest of all.

I have your 2023 CBG report. It clearly states your GDP is a paltry GHC615 billion. Your debt, which you posted here is GHC575 billion. Simple maths should give you 93% Debt to GDP.

Go and look at this report. You'll notice Ghana's economy is sh*t.

Mkenya2019:
It already signed. We have no gold but we got UAE to gives us 5b dollars of Oil.

Ghana has to either dig into their gold reserve or basically exchange their people as slaves to get something, smh.

Shma2023:
Ghana has to either dig into their gold reserve or basically exchange their people as slaves to get something, smh.

cry all you want, your poor country will not be able to do any big project like we have going on in Ghana, untill 2036.

You guys are borrowing food and fuel at the moment, it's a long way from sustainability

Shma2023:
You silenced us with noise. No one can bare a hobbit's noise; even the loudest of all.

I have your 2023 CBG report. It clearly states your GDP is a paltry GHC615 billion. Your debt, which you posted here is GHC575 billion. Simple maths should give you 93% Debt to GDP.

You're still hurt because Ghana is not joining you in your mess

Here is my GDP from the finance ministry... 870billion dollars

Shma2023:
Go and look at this report. You'll notice Ghana's economy is sh*t.

A shitty economy the the one where your join long lines for basic stuff like fuel and food, every now and then like Venezuela.

Kenya has messed you guys up

Pakistani like Ghana is bankrupt. They have 3 weeks of forex and have cut tea drinking. We are trying to help them. They like Ghana are doing barter trade.

Just30:
When you don't grow valuable things that your need and rather use your land to grow valueless things for people in other places, you tend to suffer

FT takes on the Zoo and mini zoo

Others have run out of options. Ghana’s central bank drained its reserves to support its currency for years. In December, the government abandoned these efforts and instead said it would no longer service its external debts, and launched a punitive restructuring of domestic debt. The cedi, which appreciated strongly in the run-up, has since lost half its dollar value.

Next may well be Nigeria, which has long had what analysts say is an unsustainable system of multiple exchange rates. A shift to a simpler system is expected to follow elections on February 25.

“Markets will definitely expect some change and if it doesn’t come, there will be more of the pressure we have seen for the past 12 months,” said Simon Quijano-Evans, chief economist at Gemcorp Capital Management.

Like Nigeria and Ghana, he said, other developing countries in Africa and beyond must make a clear separation between fiscal and monetary policy. Rather than relying on central banks to prop up their currencies or buy their debt, he said, governments should balance their books through fiscal reforms including taxation.

“This is not just for investors,” he said. “Local populations should be looking for this as the only way to get clarity and of making sure they are not hit by inflation or sudden devaluations.”
https://www.ft.com/content/fcec3adf-e31f-47d6-b846-d956dae17091

Just30:
You're still hurt because Ghana is not joining you in your mess

Here is my GDP from the finance ministry... 870billion dollars

Why are you debunking real data with projection, You dumb or something?

I'm giving you a report from your central bank. You're busy peddling an article written in Nov 2022, smh!

So what's your nominal GDP in dollar if you convert that with 15 cedi.

Just30:
A shitty economy the the one where your join long lines for basic stuff like fuel and food, every now and then like Venezuela.

Kenya has messed you guys up

Look at a zombie arguing about a one-time event.
We don't do that in Kenya. Hoarding affected nearly all the nations in the world. Blame it on hyperinflation post _Russia - Ukraine war.

Shma2023:
Look at a zombie arguing about a one-time event.
We don't do that in Kenya. Hoarding affected nearly all the nations in the world. Blame it on hyperinflation post _Russia - Ukraine war.

Lol, so your govt also hide behind this terrible lies.