₦airaland Forum

Just40:
suck on it 🤣😂

Your CBG says otherwise

Anyways, since you don't believe your own, $3.5B is a mere 37% _ which means Ghana will be in debt quagmire for lifetime. If we factor in your currency depreciation then disaster looms. Kenya spent more than 60% to pat debt. Our goal is to reduce our debt to below our debt ceiling.


So either way; you're still under HIPC program. Policy can be changed anytime; and you might end up spending even 100% of your entire revenue to pay debt. Just annoy IMF and see the real wrath!

Mkenya2019:
Mad cow,
That was projected last year before you defaulted.
That is why you're pasting an image.

I do hope you work as Minister of Propaganda for your gov.

Ghana long defaulted except for few of the loans (treasury bills, IMF & WB)

Ghana has stopped making payments on its external debts to bondholders, other commercial lenders and foreign governments, making it the latest deeply indebted developing country to fail to make good on its foreign obligations.

In a statement on Monday, the country’s finance ministry announced “a suspension of all debt service payments” on external government debts, including foreign currency bonds, commercial loans and “most of our bilateral debt”.

Another nonsense from a lunatic

You're reading that Bloomberg is using data yet youre saying projection.

Meanwhile this just from a week to the end of the year.

In any case, this 3.5 billion dollars has reduced because has effectively renegotiated it local debt is will be paying far less 🤣😂

Mkenya2019:
Mad cow,
That was projected last year before you defaulted.
That is why you're pasting an image.

I do hope you work as Minister of Propaganda for your gov.

Ghana long defaulted except for few of the loans (treasury bills, IMF & WB)

Ghana has stopped making payments on its external debts to bondholders, other commercial lenders and foreign governments, making it the latest deeply indebted developing country to fail to make good on its foreign obligations.

In a statement on Monday, the country’s finance ministry announced “a suspension of all debt service payments” on external government debts, including foreign currency bonds, commercial loans and “most of our bilateral debt”.

The bolded, yes! Ministry of HOT AIR.

Shma2023:
Your CBG says otherwise

Anyways, since you don't believe your own, $3.5B is a mere 37% _ which means Ghana will be in debt quagmire for lifetime. If we factor in your currency depreciation then disaster looms. Kenya spent more than 60% to pat debt. Our goal is to reduce our debt to below our debt ceiling.


So either way; you're still under HIPC program. Policy can be changed anytime; and you might end up spending even 100% of your entire revenue to pay debt. Just annoy IMF and see the real wrath!

Pls... Does anyone understand what this guy is writing ?

😂🤣

He's incoherent

Incorrigible. Ghana will remain bankrupt until 2037. You can deny that reality. Everyone out there knows Ghana has defaulted.

Just40:
Another nonsense from a lunatic

You're reading that Bloomberg is using data yet youre saying projection.

Meanwhile this just from a week to the end of the year.

In any case, this 3.5 billion dollars has reduced because has effectively renegotiated it local debt is will be paying far less 🤣😂

Mkenya2019:
Incorrigible. Ghana will remain bankrupt until 2037. You can deny that reality. Everyone out there knows Ghana has defaulted.

Let me laugh 🤣😂

Frustrations coming from a guy in a bankrupt country


Does everyone includes Ghana Eurobond holders ? Does it also include Ghanaian bond holders ?

Sorry there's no misery's company here ... Kenya can join Sri Lanka and keep them company

Mkenya2019:
You lie again,
Lagos-Ibandan began way before Kenya SGR
It mere 150km - and I think took 10-15yrs.
It hard to predict when something will get finished in Nigeria - becuase that project could get 90% completion - then stall for 10yrs.

Again FACE THE PROBLEM.

Dont go round with LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOONG excuses of how Nigeria is informal econom or ohoo data is wrong.

The problem that Kenya and Nigeria faces - REVENUES havent kept pace with borrowing.

Kenya at nearly 60% percent of all revenues going into debt repayment - we recognize this BIG PROBLEM.

We have to bring it down to 30%. This will require PAINFUL reforms. The first is to STOP DIGGING - meaning reduce borrowing. That is going to hurt. Second improve revenue collection.

Dont argue with data. Your country will remain a ZOO because you're not READY FOR ANY REFORMS. It just hallucination. Hidding your head in the sands hoping the problem will go away.

Ghana disease is even more serious - it denial denial denial.

Are you aware lekki deepseaport took 2.5 year to build,also its cost about $2.5bn. What you get to say about that loud mouth

Mkenya2019:
Alaro is two factories - with 5 kenyan companies. Without them - Alaro is dead. Tatu city is doing great. I am investor myself.

Tatu estate is nothing worth anybody’s attention.
Kenyan companies in Alaro - 😂 pls stop daydreaming ,stick to your big vision or infiltrating Congo or tz.

https://www.youtube.com/watch?v=iIC7SszgGOg

Just40:
Pls... Does anyone understand what this guy is writing ?

😂🤣

He's incoherent

Hobbit, your total revenue and grants is a paltry $13B. Now do the math and get your debt servicing rate by using $3B you use to service debt.


BOZO!

Shma2023:
Hobbit, your total revenue and grants is a paltry $13B. Now do the math and get your debt servicing rate by using $3B you use to service debt.


BOZO!

yeah 15 billion .... So not tell me how you got 80% from 3.5 out of 15.

You're finally getting to your sense.

Revenue for this year is expected at 20 billion so tell me what percentage will 3.5 billion be? 😂🤣😂

Poor kenya

Just40:
yeah 15 billion .... So not tell me how you got 80% from 3.5 out of 15.

You're finally getting to your sense.

Revenue for this year is expected at 20 billion so tell me what percentage will 3.5 billion be? 😂🤣😂

Poor kenya

Your total revenue this year will still hover around $13B.

$3.5 billion is not it. Ghana spent 80% of total revenue on servicing debt - that's pretty much $10.5B.

Are you getting a sense, m0ron?

Dwarf, don't make the discussion super hard by your sheer devoidness of brain capacity.

Shma2023:
Your total revenue this year will still hover around $13B.

$3.5 billion is not it. Ghana spent 80% of total revenue on servicing debt - that's pretty much $10.5B.

Are you getting a sense, m0ron?

Dwarf, don't make the discussion supper hard by your sheer devoidness of brain capacity.

2022 Ghana only spent 2.8 billion on debt.

Good luck making up your own numbers 😂🤣

Kazikazi:
you have no other choice than to default. The civil servants will go mad and start going to the streets and soon afterwards you will be declared another srilanka.

So why take a risk?

Better u default like Zambia and Ghana

I think Tanzanians need to work harder if they want to overtake Kenya. No shortcuts, ill will, jealousy, witchcraft, defaults etc will get you to promised land.

Just40:
2022 Ghana only spent 2.8 billion on debt.

Good luck making up your own numbers 😂🤣

You are a scam artist. Try your luck elsewhere...

https://www.economist.com/sites/default/files/images/print-edition/20220430_MAC056.png

Just40:
2022 Ghana only spent 2.8 billion on debt.

Good luck making up your own numbers 😂🤣

So it's not $3B again? Why are you stressing your @nus so much? We're tired of smelling sh*t as information.

Shma2023:
So it's not $3B again? Why are you stressing your @nus so much? We're tired of smelling sh*t as information.

3.5 billion is for 2023

2.8 billion was 2022 🤣😂🤣

Read

Just40:
3.5 billion is for 2023

2.8 billion was 2022 🤣😂🤣

Read

Where is 2022 coming from?

Shma2023:
Where is 2022 coming from?

from you since you refered to it

Just40:
from you since you refered to it

Where?

Shma2023:
Where?

Go to your previous post when you were quoting it revenue

Just40:
Go to your previous post when you were quoting it revenue

Why did you post it?

Dr Ndii - Kenya Chief economist explain - what I have been trying to hammer into West Africans poorly educated folks the whole morning

1) Kenya has small liquidity problem. Not solvency problem like Ghana.
2) Kenya will emerge out of debt problem in 18 months.
3) Kenya has no economic growth problem - but inclusive growth problem.
4) Ruto administration is on course to transform the economy.

kenya unlike many poor Sub Saharan Africa countries have brilliant policy wonks

https://www.youtube.com/watch?v=ok3ylbHouiE


https://www.youtube.com/watch?v=oAW9hkGVJ6s

rvp2018:
Dr Ndii - Kenya Chief economist explain - what I have been trying to hammer into West Africans poorly educated folks the whole morning

1) Kenya has small liquidity problem. Not solvency problem like Ghana.
2) Kenya will emerge out of debt problem in 18 months.
3) Kenya has no economic growth problem - but inclusive growth problem.
4) Ruto administration is on course to transform the economy.

kenya unlike many poor Sub Saharan Africa countries have brilliant policy wonks

https://www.youtube.com/watch?v=ok3ylbHouiE


https://www.youtube.com/watch?v=oAW9hkGVJ6s

You actually miss the vital point . he made it clear that you are in debt and the crisis started rightly from 2007 . Blaming ex president for the woes ..

So from the conclusion and summary if you are smart by half . we can derived kenya has both economic and stability problem .the current administration is really in danger and about to turn to the new srilanka .

Hence you still need to fight political problem before economic issues .the basis of your woes is political instability

We knew we had problems.
That is why we Kicked out Uhuru and Raila - installed Ruto.
You are living in deep denial.
And likely to reward the current gov like STUPID NIGERIANS who just rewarded Buhari 10yrs.
Next year Bawuma likely to take the mantle
So you end up deeeeeeeper in problems.

Kenyans know Uhuru had messed up.
Yes, Uhuru had expanded infrastructure.
But when we started going beyond 50%
Uhuru should have stop building infrastructure.

This Ruto manifesto acknowledge that we had perfect storm coming

We knew the next two years are a LOSS.
We knew we had to FIX the economy for two years.

vaxx:
You actually missing the vital point . he made it clear that you are in debt and the crisis started rightly from 2007 . Blaming ex president for the woes ..

So from the conclusion we can derived kenya has both economic and stability problem .the current administration is really in danger and about to turn to the new srilanka

rvp2018:
We knew we had problems.
That is why we Kicked out Uhuru and Raila - installed Ruto.
You are living in deep denial
And likely to reward the current gov
So you end up deeeeeeeper in problems.

You knew you had problem but you didn't lay out a good foundation to resolve it . You rather follow the same predecessor route . Large govt with unreasonable recruitment into govt position without considering the pulse of the nation. That is stupidity.

Sri Lanka case might be a child play comparing to your woes

1) Step 1 - we identified the problem - fired the last gov and their lackeys.
2) Step 2 - Last six months we have made HUGE reforms - that will see revenues increase to 30B from 20B dollars - plus other reforms.
3) We stopped subsidies.
4) We are reducing borrowing.
5) We cut budget by 3B dollars.
6) We inch a 4.5B dollars gov to gov Oil deal with Saudis and UAES
7) We have restored friendly relation with Western nations as we need them in short term - China is out.

The new administration has barely slept the last six months - with Ruto and his team working for 15 hours daily.

Ruto everyday fires anyone who worked for Uhuru and created the mess. KRA - revenues- is up 8% in revenue collection - and Ruto just about half way firing many people there - and elsewhere. Non-ordinary revenues - now 5,000 gov services are online in six months.

For poor GHANA - you're already BANKRUPT - but you engage in DENIAL - like the problem will go away on its own. Or youre waiting for IMF to tell you what you need to do? You dont need IMF to tell you common sense - you've messed up, clean up and dont mess again.

Dont wait for IMF to take PAINFUL decision. DO IT NOW.

First prepare to fire the current gov. If you dont prepare to become ZOO like Nigeria.

vaxx:
You knew you had problem but you didn't lay out a good foundation to resolve it . You rather follow the same predecessor route . Large govt with unreasonable recruitment into govt position without considering the pulse of the nation. That is stupidity.

Sri Lanka case might be a child play comparing to your woes

Nigeria - FDI drying up. Things will become worse and worse. Unless Tinubu really wake up and dump everything Buhari did

rvp2018:
1) Step 1 - we identified the problem - fired the last gov and their lackeys.
2) Step 2 - Last six months we have made HUGE reforms - that will see revenues increase to 30B from 20B dollars - plus other reforms.
3) We stopped subsidies.
4) We are reducing borrowing.
5) We cut budget by 3B dollars.
6) We inch a 4.5B dollars gov to gov Oil deal with Saudis and UAES
7) We have restored friendly relation with Western nations as we need them in short term - China is out.

The new administration has barely slept the last six months - with Ruto and his team working for 15 hours daily.

Ruto everyday fires anyone who worked for Uhuru and created the mess. KRA - revenues- is up 8% in revenue collection - and Ruto just about half way firing many people there - and elsewhere. Non-ordinary revenues - now 5,000 gov services are online in six months.

For poor GHANA - you're already BANKRUPT - but you engage in DENIAL - like the problem will go away on its own. Or youre waiting for IMF to tell you what you need to do? You dont need IMF to tell you common sense - you've messed up, clean up and dont mess again.

Dont wait for IMF to take PAINFUL decision. DO IT NOW.

First prepare to fire the current gov. If you dont prepare to become ZOO like Nigeria.

it is very clear to know the problem of your country. You can't have a better economic plan in a nation facing political instability. No economic idea can work .not even jesus christ can save you .

Your economic advisor made it clear this evidence when analyzing your problem . So simple these are the problems he identify.

1. Debt
2. Governement wastage of resources
3. Governement policies
4. Rewarding political bad behaviour.



Your economic reform is empty if there is political instability , your economic advisor made it clear .

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

That right there is the problem with all you local geniuses. You know what a county govt is right?