₦airaland Forum

Of course printing money is allowed - you just need to be careful
Nigeria and Ghana - clearly printing money - together with the countries here.
Treasury might pay civil servant salaries.
But they are hammering the rest of society with high prices
Creating poverty.

GeneralDae:
My guy worry about Kenya. Leave Ghana alone .
Printing money actually is just part of debt. You pay back your central bank with interest. Advanced world do it well. U.S are masters of it, but their currency and inflation rate is still stable because the world trades in dollars.

Mkenya2019:
Another Codein addict.
You want to seriously compare Tatu city with Alaro
Are you even serious

What is there to compare,you are building an estate,we are building a city. Pls get the difference.

Just40:
you can't print kshs while the IMF is hover governing Kenya.
Also you can't print kshs to pay 80% of the debt that are denominated in foreign currencies unless Kenya has a Dollar printing machine in Nairobi 😂

Correction:

Kenya debt to GDP is 67%.

Deal with your 110% debt to GDP in peace

I dont listen to an idiot like you.
I do my own research.
Ghana gov has been printing money to pay salaries.
That is why inflation is at 60%.

Cedis has stabilized because you're not paying any debt.
All the pressure to pay Eurobond and other creditors with hard currency is temporary off
You're "enjoying" before IMF arrive.
And then you'll suffer till 2037.

Just40:
Let me help you .... The bank of Ghana printed 80 billion Cedis and handed it over to the govt to purchase gold through PMMC for the bank of Ghana to stuck it metal reserves ....

That was smart.. it effectively created a gold cedi peg that has cause stability in the currency.

Kenya does not have this option because the Israeli firm in charge of your gold will not accept kshs for gold and the IMF will not allow you to print.

Shma2023:
You must be extremely dumb if you're not acting up!

Where did you get those figures from my simple two digits 110% and 80%?

I presume you’ve just quoted 2020 worldometric data where it puts 44% of ghana total revenue for servicing debt.

Don't be a ret@red.

Well I don't know what world metric is ... I know my budget for 2023


I also know that Ghana debt payment for 2023 is 3.5 billion dollars and my ministry has budgeted for 4.5 billion just in case.

Do you need anymore education? 😂🤣

Mkenya2019:
It complete nuts to compare Alara with one street - two factories - and one housing estate - with 5,000 acre Tatu city
1) Industrial park - tatu city has 70 companies in operation - many more under construction - including 500M dollars to be invested by Moderna - and KWAL/Distel putting up huge alcohol factory there
2) Housing Units - Now well over 2000 units if not more completed - many more under construction- Lifestyles, Unity West, Kijani. 1/4 of an acre plot in Kijani going for 250,000usd.
3) Road network is now extensive
4) Schools, amenities, hospitals
6) ETC


https://www.youtube.com/watch?v=CiLlZNvxa48

3) Office space - 4.000 seat call center - largest in kenya coming up

Tatu - housing estate with noisy factory,that is more than a decade old in development but with barely anything to show for it


Alaro - An upgraded version of tatu joke,encompassing everything a functional city should look like and have,alongside visible achievements in less than 3 years of development.

At this point,the joke is on you my friend,stop embarrassing yourself ans your zoo.

GeneralDae:
The only reason I think Ghana shouldn't do that is because of the very high inflation rate already. Else it would have been much better option in their times of need.
They did it last year though but couldn't do it well due to their inflation rate and probably for fear of annoying the IMF.

Don't forget IMF is at her neck! Ghana will lose a lot if they break ties with IMF! IMF is holding Ghana like an egg, with caution.

rvp2018:
Talking of Tatu city - Officially Phase 1 is complete - 2,500 acres.

https://www.youtube.com/watch?v=HLAF-GWjYAk

Basically more athi river estate 😂

You woke up with codeine still very active
Alaro City's site is located on a 1,000 hectares (2,470 acres)
Tatu city is twice that - 5,000 acres.
Tatu city phase one - 2,500 acres is sold out - and under construction.

samorobo:
Tatu - housing estate with noisy factory,that is more than a decade old in development but with barely anything to show for it


Alaro - An upgraded version of tatu joke,encompassing everything a functional city should look like and have,alongside visible achievements in less than 3 years of development.

At this point,the joke is on you my friend,stop embarrassing yourself ans your zoo.

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

I am afraid it is something,your govt openly declared “Everything is finished “ . I suggest you look in the mirror,or what do your think senile old prick.

Just40:
Well I don't know what world metric is ... I know my budget for 2023


I also know that Ghana debt payment for 2023 is 3.5 billion dollars and my ministry has budgeted for 4.5 billion just in case.

Do you need anymore education? 😂🤣

Don't confuse education with relating tatntrum as information. Ghana spent more than you actually think. The last time we scrutinized your CBG data; Ghana was spending a whopping 72% of total interest on servicing debt.

Don't waste words with me. I'm not here to contest for word peddling.


Come here with facts and links; or STFU!

GeneralDae:
The only reason I think Ghana shouldn't do that is because of the very high inflation rate already. Else it would have been much better option in their times of need.
They did it last year though but couldn't do it well due to their inflation rate and probably for fear of annoying the IMF.

The drivers of Ghana Inflation have been brought under control so there's currently a downward trajectory.

This is the perfect time to print more and acquire more gold while the central bank makes a windfall in the difference.


Ghana does not need to go to the IMF, it was never needed and everyone is advising the govt not to go because it is not a solution to any of the problems that Ghana faces.
All the solutions the Ghana needs is in the Bossom of the govt.

But for political reasons, they may choose to go just to scream up the next govt options and make noise in opposition.

Mkenya2019:
You woke up with codeine still very active
Alaro City's site is located on a 1,000 hectares (2,470 acres)
Tatu city is twice that - 5,000 acres.
Tatu city phase one - 2,500 acres is sold out - and under construction.

You have been parading thesame disco light,color rioted building since 2013, nothing special has happened. Just pray for more 2 storey housing developments to fill up your 2500 hectares. Mumu

Shma2023:
Correction:

Kenya debt to GDP is 67%.

Deal with your 110% debt to GDP in peace

what are you correcting ? 🤣😂🤣

Are you eyes clogged or you had brain freeze such that you couldn't read well?

The hobbits think they can easily lie.

Hahaaa

Mkenya2019:
I dont listen to an idiot like you.
I do my own research.
Ghana gov has been printing money to pay salaries.
That is why inflation is at 60%.

Cedis has stabilized because you're not paying any debt.
All the pressure to pay Eurobond and other creditors with hard currency is temporary off
You're "enjoying" before IMF arrive.
And then you'll suffer till 2037.

no... Ghana government has not

Infact we've not hand a problem with paying salaries since it only consumes 20 to 25% of revenue.

No.. cedi has stabilize because of prudent policy interventions.

We are paying debt alright... All our external creditors including Eurobond holders have been paid and so are individual local bond holders.

Just40:
The drivers of Ghana Inflation have been brought under control so there's currently a downward trajectory.

This is the perfect time to print more and acquire more gold while the central bank makes a windfall in the difference.


Ghana does not need to go to the IMF, it was never needed and everyone is advising the govt not to go because it is not a solution to any of the problems that Ghana faces.
All the solutions the Ghana needs is in the Bossom of the govt.

But for political reasons, they may choose to go just to scream up the next govt options and make noise in opposition.

@the bolded, that would be very crazy thing to do. I doubt they'll deliberately wanna do that.

Alaro is two factories - with 5 kenyan companies. Without them - Alaro is dead. Tatu city is doing great. I am investor myself.

samorobo:
You have been parading thesame disco light,color rioted building since 2013, nothing special has happened. Just pray for more 2 storey housing developments to fill up your 2500 hectares. Mumu

Shma2023:
Don't forget IMF is at her neck! Ghana will lose a lot if they break ties with IMF! IMF is holding Ghana like an egg, with caution.

How are they doing so when we are not under a program? 🤣😂🤣

Sorry Kenya, it looks like your government may have to sign another EFF and ECF with the IMF because you problems just became worse

Take you medicine mad man.
You litter this thread with hallucinations.

Just40:
no... Ghana government has not

Infact we've not hand a problem with paying salaries since it only consumes 20 to 25% of revenue.

No.. cedi has stabilize because of prudent policy interventions.

We are paying debt alright... All our external creditors including Eurobond holders have been paid and so are individual local bond holders.

Just40:
what are you correcting ? 🤣😂🤣

Are you eyes clogged or you had brain freeze such that you couldn't read well?

Write like an educated adult. Don't just throw words around like a zombie.

Shma2023:
Don't confuse education with relating tatntrum as information. Ghana spent more than you actually think. The last time we scrutinized your CBG data; Ghana was spending a whopping 72% of total interest on servicing debt.

Don't waste words with me. I'm not here to contest for word peddling.


Come here with facts and links; or STFU!

Except I'm not the one think I'm just posting what we actually spend 🤣😂

3.5 billion dollars is not 72% of revenue... Learn proper maths

It's a simple fraction equation

Just40:
How are they doing so when we are not under a program? 🤣😂🤣

Sorry Kenya, it looks like your government may have to sign another EFF and ECF with the IMF because you problems just became worse

It's well known that without IMF Ghana is in oblivion. Your dwarf republic has a long way to re-align itself in debt management.

Kenya is not your mate.

The Zoo is even worse.
They've been surviving by printing money

50B dollars in overdraft. Now you know how it able to survive with 120% debt servicing ratio. The just print Naira.

https://www.bloomberg.com/news/articles/2023-01-17/a-50-billion-overdraft-is-set-to-become-nigeria-s-debt#xj4y7vzkg

GeneralDae:
@the bolded, that would be very crazy thing to do. I doubt they'll deliberately wanna do that.

They do that all the time to each other especially when they know that there is no chance for them to win the next election.

This government nearly did last year until the opposition rose up that they won't accept any program that will strangle their next govt.

I'm grateful they did...

Just40:
Except I'm not the one think I'm just posting what we actually spend 🤣😂

3.5 billion dollars is not 72% of revenue... Learn proper maths

It's a simple fraction equation

How could you imagine that $3.5 billion equates to 72% of your revenue servicing rate? How dumb are you?

Go check your CBG data. You will see nothing like $3.5Billion; unless chronic glaucoma has done so much damage

Mkenya2019:
Take you medicine mad man.
You litter this thread with hallucinations.

You need the medicine more.

You hate facts... Ghana will be spending 35 billion cedis on wages, salaries and compensation this year..

You can help yourself out 😂🤣

Shma2023:
Write like an educated adult. Don't just throw words around like a zombie.

Your thanks are welcome, now go back and correct the post you made

Just40:
Your thanks are welcome, now go back and correct the post you made

There is nothing to correct; dwarf. You spend 80% of your entire revenue in servicing debt. I'm not saying this to troll; it's a fact!

Broke Ghana that long suspended any debt repayment - printed 44B cedis (that is almost 4-5B dollars) last year - to pay debt

https://www.myjoyonline.com/bog-justifies-financing-of-governments-2022-budget-with-%C2%A244-5bn/

The Bank of Ghana (BoG) has justified financing of the government’s 2022 budget with about ¢44.5 billion.

According to the Central Bank, its net claims on the government increased by about ¢44.5 billion at the end of December 2022.

This is coming after renewed discussion in the media regarding the BoG’s financing of the budget in 2022.

In a statement, the Central Bank said its financing of government was part of a crises management tool used in dealing with the difficulties of 2022.

Shma2023:
It's well known that without IMF Ghana is in oblivion. Your dwarf republic has a long way to re-align itself in debt management.

Kenya is not your mate.

Everyone knows that Ghana has never needed the IMF just like we currently don't need them because all the solutions we need are with us.

Unfortunately the situation is not the same for Kenya because without the IMF, that country won't exist.

Just like they may have to save you again, this year from hunger.

When it shows up in inflation as captured by Steve Hanke - they come crying; Steve hate us While their lazy govs are busy minting more and more useless money to pay off salaries, debt, contractors.