₦airaland Forum

Mad-man - you should think about your pensioners & investors - who invested either directly or through pension funds or such funds in Ghana treasury bonds thinking Ghana gov will not go broke - who forever will not get their money.

The worse that can happen for kenyans is a week delay.

Of course it big news in kenya because salaries always get paid by 20th.

So a week delay for some few people is NOT BIG DEAL. As for counties - they should get their own money or borrow from banks - only a few (20 out 47) who havent meet requirement for release of funding are complaining - the rest are okay.

Big deal is GHANA BROKE GOV forcing Ghanians and other investors to take 7.8B dollars haircut losses.

Kenya has a long way to default - we can just print KES and pay off - our inflation is at 9% - Ghana is at 90% (official 50%) - so we can just wake up and print money and pay off salaries - that will reflect in inflation.80% of our debt repayment are local debt - in KES. If we were desperate like Ghana we would order an overdraft from Central Bank of 50B kes every month.

It is sickening when a Ghanian speak macro-economic - I feel like puking.

Just40:
confession from a broke country in bankruptcy 🤣😂

Some fathers will not be able to feed their families and pay fees.


For me, it's the fact that the 50% of Kenyans without electricity will not get it and will be in darkness for the next 10 years.

The 60% of Kenyans without water will not have it even in the next 10 years

rvp2018:
Mad-man - you should think about your pensioners & investors - who invested either directly or through pension funds or such funds in Ghana treasury bonds thinking Ghana gov will not go broke - who forever will not get their money.

The worse that can happen for kenyans is a week delay.

Of course it big news in kenya because salaries already get paid by 20th.

So a week delay for some few people is NOT BIG DEAL.

Big deal is GHANA BROKE GOV forcing Ghanians and other investors to take 7.8B dollars haircut losses.

Kenya has a long way to default - we can just print KES and pay off - our inflation is at 9% - Ghana is at 90% (official 50%) - so we can just wake up and print money and pay off salaries - that will reflect in inflation.

It is sickening when a Ghanian speak macro-economic - I feel like puking.

no you can't print 😂🤣😂 you Lunatic
The IMF won't permit you

Ghanaian pensioners have no problem ... They were exempted


I'm more worried for all the Kenyans who will not be able to repay their debt to banks and will end up losing their properties.
How about the banks who they owe ?


You have two options, either keep defaultibg on more debts like you've done with the Chinese, American, french and Italian debts for an entire year or stop paying salaries for an entire year ...

Pick your own poison 😂🤣

Ghana was able to avoid both options by simply printing and setting pegging against gold.

Kenya does not have this option, it is effectively a broke bankrupt country

Let me flash some flashy projects Ghana is building that Kenya can't afford 🤣😂

80% of kenya debt maturities are local.
Ghana went bankrupt because I told you 3yrs ago - you were taking a lot of external debt.
Ours we can just print KES and pay off.
Treasury does that by simply borrowing from Central Bank of Kenya as overdraft.

Just40:
no you can't print 😂🤣😂

Ghanaian pensioners have no problem ... They were exempted


I'm more worried for all the Kenyans who will not be able to repay their debt to banks and will end up losing their properties.
How about the banks who they owe ?


You have two options, either keep defaultibg on more debts like you've done with the Chinese, American, french and Italian debts for an entire year or stop paying salaries for an entire year ...

Pick your own poison 😂🤣

Ghana was able to avoid both options by simply printing and setting pegging against gold.

Kenya does not have this option

rvp2018:
80% of kenya debt maturities are local.
Ghana went bankrupt because I told you 3yrs ago - you were taking a lot of external debt.
Ours we can just print KES and pay off.
Treasury does that by simply borrowing from Central Bank of Kenya as overdraft.

Another lie

80% of all debt that Kenya owes was borrowed in dollars

Go and print dollars and let see.

Kenya went bankrupt as far back as 2017 and you waited for things to become bad before rushing to the IMF, unfortunately it was too late.

GeneralDae:
But if you default and do local debt restructuring, then there would be haircuts which would affect the big private sector players and which in turn has its effects.

When you default on your external debts, there becomes the problem of trust. Trust is important in all business deals. Would you be trusted to get good loans in the future? That's the thing.

On the other hand, if you try to plug loopholes or reduce the size of your civil service especially non productive civil service workers, then you can manage the situation.

The only problem is that if your civil service is large and forms the core of your middle class then you have a problem there as well.

None of those choices are easy to be honest.

Then government, like a parent, should tell you that indeed money is scarce then give you hope by telling you the initiatives they are undertaking to arrest the situation. Which Ghana has done. We will delay our debt service for a limited now to address the situation. Because basic and human consumption capital are never an option to consider ( I mean the civil govt salary , the free education service , the free feeding and boarding will never be touched . They are very paramount ).but delaying debt payment can come. It is prudent , because we will soon be tapping loan from IMF which will secure our trust back in the financial market

The recent evidence of over subscribing on our treasure bill has proving the domestic market hasnt lost hope entirely on us . Some country like kenya can't even raised Enough fund thru treasure bill

But if tomorrow come and we could wake up and hear they have hired more govt commissioner and increased State House budget for instant prayers like kenya did then our problem become very horrible . And it shows we don't have competent govt

Speaking from anus. as always.
Mad cow.

Just40:
Another lie

80% of all debt that Kenya owes was borrowed in dollars

Go and print dollars and let see.

Kenya went bankrupt as far back as 2017 and you waited for things to become bad before rushing to the IMF, unfortunately it was too late.

You didnt default on treasury bills - you did on treasury bonds.
There is no short cut to debt - except paying for it.
However painful - it must be paid.
You default - you punish creditors - they will not forget it.
You try to weather the storm - and soon you're back borrowing.

By the time youre nailing IMF program - it will be 2024 or 2025 - depending on how external debt restructure goes

That debt restructure will be insured by IMF - who will demand PAINFUL reforms - including MASSIVE retrenchement (so you're wasting time now trying to save jobs), massive budget cuts.

You Ghanians are the most stupid people in Africa with Zambia.

You're postponing problems hoping they will go away - instead of tackling them.

IMF will soon be there to beat sense into your thick heads.

vaxx:
Then government, like a parent, should tell you that indeed money is scarce then give you hope by telling you the initiatives they are undertaking to arrest the situation. Which Ghana has done. We will delay our debt service for a limited now to address the situation. Because basic and human consumption capital salary are never an option to consider ( I mean the civil govt salary , the free education service , the free feeding and boarding will never be touched . They are very paramount ).but delaying payment can come. It is prudent , because we will soon be tapping loan from IMF which will secure our trust back in the financial markey.

The recent evidence of subscribing on our treasure bill has proving the domestic market hasnt loose hope entirely on us . Some country like kenya can't even raised Enough fund thru treasure bill

But if tomorrow come and we could wake up and hear they have hired more govt commissioner and increased State House budget for instant prayers like kenya did then our problem become very horrible . And it shows we don't have competent govt

rvp2018:
Speaking from anus. as always.
Mad cow.

lunatic rants

You're frustrated.. go and blame your government for stupidly borrowing in dollars from the local market

Now Ruto wants to ditch the dollar 😂🤣😂
How is he going to do that when he has a 30 years dollars repayment albatross on his neck

Dollars in local market

Just40:
lunatic rants

You're frustrated.. go and blame your government for stupidly borrowing in dollars from the local market

rvp2018:
Dollars in local market

yeah.. that's how stupid you guys were

That video going around is by lunatics who think dollar is about to die soon.
Ruto was talking about KES-USD exchange rate..going down due to intervention in kenya forex market
Not dumping dollars

Ruto in meantime is busy farming

Just40:
Now Ruto wants to ditch the dollar 😂🤣😂

rvp2018:
That video going around is by lunatics who think dollar is about to die soon.
Ruto was talking about KES-USD exchange rate..going down due to intervention in kenya forex market
Not dumping dollars

Ruto in meantime is busy farming

So Ruto is now a lunatic? 😂🤣😂

He should farm well because Kenya needs food but he can either be a president or return to the farm but not both.

Just like the choice he has to make of either paying salaries or defaulting on a lot more debt than he has currently.
The headache of this choice is why he's on the farm seeking wisdom

rvp2018:
You didnt default on treasury bills - you did on treasury bonds.
There is no short cut to debt - except paying for it.
However painful - it must be paid.
You default - you punish creditors - they will not forget it.
You try to weather the storm - and soon you're back borrowing.

By the time youre nailing IMF program - it will be 2024 or 2025 - depending on how external debt restructure goes

That debt restructure will be insured by IMF - who will demand PAINFUL reforms - including MASSIVE retrenchement (so you're wasting time now trying to save jobs), massive budget cuts.

You Ghanians are the most stupid people in Africa with Zambia.

You're postponing problems hoping they will go away - instead of tackling them.

IMF will soon be there to beat sense into your thick heads.

But withdrawing salary is even more deadly and stupid approach to solve empty pulse . You have nothing left yes we know, but you can't kill the elephant for the purpose of having goat soup . It doesn't works that way . Your civil servant are the anchor of your economy . By withdrawing salaries from your formal sector you have indirectly handicapped the informal sector as well. Simply because it is what is available in the pulse of civil servant that will be spread across the country . Doubling their problem . Money doesn't fall from heaven . IMF is a very good option , they will come and introduce financial stability in the country . You are also postponing salary too. for the fact that you are not paying now , you will still pay later but by then , you will have sunk deeper in poverty. Missing the millinium goals development agenda set by UNO. Go check Ghana figures on the sheet


Your country has lost it all , your domestic market cant even trust you.

vaxx:
But withdrawing salary is even more deadly and stupid approach to solve empty pulse . You have nothing left yes we know, but you can't kill the elephant for the purpose of having goat soup . It doesn't works that way . Your civil servant are the anchor of your economy . By withdrawing salaries from your formal sector you have indirectly handicapped the informal sector as well. Simply because it is what is available in the pulse of civil servant that will be spread across the country doubling their problem . Money doesn't fall from heaven . IMF is a very good option , they will come and introduce financial stability in the country . You are also postponing salary. for the fact that you are not paying now , you will still pay later but by then , you will have sunk deeper in poverty. Missing the millinium goals development agenda set by UNO. Go check Ghana figures on the sheet


Your country has lost it all , your domestic market cant even trust you.

This is a good one 😂🤣

Hydra headed

Abuja at 7am


https://www.youtube.com/watch?v=wUqmoOWW6Lw

No salaries were withdrewn (whatever in English or Twi that supposed to mean). Some salaries were delayed last week and will be paid next week. Do not think every country is run by morons like Ghana.

vaxx:
But withdrawing salary is even more deadly and stupid approach to solve empty pulse . You have nothing left yes we know, but you can't kill the elephant for the purpose of having goat soup . It doesn't works that way . Your civil servant are the anchor of your economy . By withdrawing salaries from your formal sector you have indirectly handicapped the informal sector as well. Simply because it is what is available in the pulse of civil servant that will be spread across the country . Doubling their problem . Money doesn't fall from heaven . IMF is a very good option , they will come and introduce financial stability in the country . You are also postponing salary too. for the fact that you are not paying now , you will still pay later but by then , you will have sunk deeper in poverty. Missing the millinium goals development agenda set by UNO. Go check Ghana figures on the sheet


Your country has lost it all , your domestic market cant even trust you.

rvp20182:
No salaries were withdrewn (whatever in English or Twi that supposed to mean). Some salaries were delayed last week and will be paid next week. Do not think every country is run by morons like Ghana.

idiot , your govt is broke , no coins to pay your workers idiot . Stop projecting what is not going to happen. You are broke and there is virtually nothing left in your pocket as a nation of 54 million people . Is that too hard to understand . Maybe you need swahili meaning of broke or empty pocket . Over five months salary is owned by your inept govt. You idiot.


Everything is finished says one of your govt officials .

vaxx:
idiot , your govt is broke , no coins to pay your workers idiot . Stop projecting what is not going to happen. You are broke and there is virtually nothing left in your pocket as a nation of 54 million people . Is that too hard to understand . Maybe you need swahili meaning of broke or empty pocket . Over five months salary is owned by your inept govt. You idiot.


Everything is finished says one of your govt officials .

This is sad

You're only broke when you default on your debt.

What kind of education did you receive in Ghana or Nigeria?

Dictionary - BANKRUPT- (of a person or organization) declared in law as unable to pay their debts.

Kenya paid it's debts.

If we stop paying debt - we would have join the list of shame - that now has Ghana, Zambia, Ethiopia, Chad, Mali and who else?

vaxx:
idiot , your govt is broke , no coins to pay your workers idiot . Stop projecting what is not going to happen. You are broke and there is virtually nothing left in your pocket as a nation of 54 million people . Is that too hard to understand . Maybe you need swahili meaning of broke or empty pocket . Over five months salary is owned by your inept govt. You idiot.


Everything is finished says one of your govt officials .

A week delay in some salaries is nothing compared to Nigeria - a zoo - where people can go for years without salary or pension.

68816419:
This is sad

rvp20182:
You're only broke when you default on your debt.

What kind of education did you receive in Ghana or Nigeria?

Dictionary - BANKRUTPT- (of a person or organization) declared in law as unable to pay their debts.

Kenya paid it's debts.

If we stop paying debt - we would have join the list of shame - that now has Ghana, Zambia, Ethiopia, Chad, Mali and who else?

The only country that is broke here is kenya . You are the only country unable to pay your civil servant . The only country struggling to access dollar . not Ghana or Nigeria .

You have two options to pick says by your economic advisers . It is either you stop paying debt or you stop paying salaries . You choose the later . Very inept approach . Killing your fellow country men . Now you are not different from your neighbor somalia .

rvp20182:
A week delay in some salaries is nothing compared to Nigeria - a zoo - where people can go for years without salary or pension.

shut up . There is nothing like a week delay here. It is a complete 5months delay in salary payment .

Usual Ghana madness.
Kenya gov has 700,000 employees consisting of half - 350,000 teachers - none missed their salary - they got it weeks ago.
Next is security forces - army, police and related - about 125,000.
So far I have only see one gov agencies - the election body - that had their salary delayed.
And I hear 20 counties complaining

Go to Twitter and try find kenyan complaining about missing salaries.

vaxx:
The only country that is broke here is kenya . You are the only country unable to pay your civil servant . The only country struggling to access dollar . not Ghana or Nigeria .

You have two options to pick says by your economic advisers . It is either you stop paying debt or you stop paying salaries . You choose the later . Very inept approach . Killing your fellow country men . Now you are not different from your neighbor somalia .

rvp20182:
Usual Ghana madness.
Kenya gov has 700,000 employees consisting of half - 350,000 teachers - none missed their salary - they got it weeks ago.
Next is security forces - army, police and related - about 125,000.
So far I have only see on gov agencies - election body - that had their salary delayed.
And I hear 20 counties complaining

Go to Twitter and try find kenyan complaining about missing salaries.

Your teacher were the first to echoed salary delay before all other civil servant begin to shout on top of their roof . They can't stomach it again . In some counties , workers are even advice to stop coming to works . That is how bad the situation has become .

Even your govt are blaming the last regime for the main problem and the reason for this madness . Your govt is clueless on what to do.


This is coming from your officials

You dont become first and echo.
Go back to school. You ECHO what someone has said. What kind of education system did this injustice to you Ghanians.
Kenya teachers have one of strong unions...union with 350,000 teachers would have cried murder.
Teacher in kenya get paid before the 20th.
Of course the security force got paid.
That is already 500,000 out of 700,000

And parliament were paid.

vaxx:
Your teacher were the first to echoed salary delay before all other civil servant begin to shout on top of their roof . They can't stomach it again . In some counties , workers are even advice to stop coming to works . That is how bad the situation has become .

Even your govt are blaming the last regime has the the man problem and he reason for this madness . Your govt is clueless on what to do.


This is coming from your officials

rvp20182:
You dont become first and echo.
Go back to school.
Kenya teachers have one of strong unions...union with 350,000 teachers would have cried murder.
Teacher in kenya get paid before the 20th.
Of course the security force got paid.
That is already 500,000 out of 700,000

And parliament were paid.

like I said yesterday , you need free education. Your teacher were the first set of civil servant to complain about salary delay if that will make you familiar with the word echoed ( giving sound ) it is a literary meaning to what your civil servant did.


Your civil servant are not receiving their salaries . It is fact from your govt officials and not the unexisting madness you are trying to portray . Idiot

Below is the evidence of five months salary delay

You're NOT putting evidence of teachers complaining about pay.
I know 20 counties who haven't received that 60B KES due.
This very normal in Kenya.
This happen every year. Counties are suppose to raise their own revenues as they wait for gov to send equitable share.
And once in while we have cash crunch - as we are still functional country where gov pays salaries on 23rd latest.
Way before the end of the month.

In some countries like Ghana and Nigeria - I am sure salary delays like this are NOT NEWS anymore.

Google.

vaxx:
like I said yesterday , you need free education. Your teacher were the first set of civil servant to complain about salary delay if that will make you familiar with the word echoed ( giving sound ) it is a literary meaning to what your civil servant did.


Your civil servant are not receiving their salaries . It is fact from your govt officials and not the unexisting madness you are trying to portray . Idiot

Below is the evidence of five months salary delay

Beside kenyan are okay with inflation at 9% - single digit
Now Ghana with inflation at 50% officially - 90% unofficial
Even if you're paid - you wont afford many things

That 90% inflation can only be due to Ghana gov printing CEDIS to pay salaries.

At least youve increase salaries by 30% before IMF docks

https://www.reuters.com/world/africa/crisis-hit-ghana-increases-public-servant-salaries-by-30-2023-01-12/

rvp20182:
You're NOT putting evidence of teachers complaining about pay.
I know 20 counties who haven't received that 60B KES due.
This very normal in Kenya.
This happen every year.
And once in while we have cash crunch - as we are still functional country where gov pays salaries on 23rd latest.
Way before the end of the month.

In some countries like Ghana and Nigeria - I am sure salary delays like this are NOT NEWS anymore.

Google.

Ghana is not an inept country like kenya . I have thrown too much evidence for someone with half decent brain to understand but a nincompoop like you will still argue because it brushes your ego. Citizens of a broke and hungry country.

This is an evidence coming from the economic advisers of your country . It is not about I know , it is about what is the real fact.

You can never know the financial situation of your country better than him . He admit you are broke and can't pay salaries .

Ghana is beyond inept - it bankrupt.
Inflation is at 63%
It with Zimbwabwe.
That mean your gov is printing money to pay your with useless cedis.

vaxx:
Ghana is not an inept country like kenya . I have thrown too much evidence for some with half decent brain to understand but a nincompoop like you will still argue because it brushes your ego. Citizens if a broke country.

This is an evidence coming from the economic advisers of your country . It is not about I know , it is about what is the real fact.

The latest from Steve Hanke

#GhanaWatch: Under Pres. Akufo-Addo, economic freedom has deteriorated. As a result, GDP per capita growth has crashed. Ghana should turn to the Singapore Strategy (stable money, NO FOREIGN AID, protection of private property & a small efficient govt) instead of the IMF.

Find kenya in this list of shame

rvp20182:
Ghana is beyond inept - it bankrupt.
Inflation is at 90%
It with Zimbwabwe.
That mean your gov is printing money to pay your with useless cedis.

kenya for now it is far worse . You cant pay salary . And the only blame for that by your govt is the last regime . What an inept govt