₦airaland Forum

rvp20182:
You defaulted ON ALL LOANS except for 1) Tbills and 2) IMF & WB loans slowpoke. Why do you want us to name each of loans when you gov defaulted on almost all domestic and external debt?

Yet our Eurobond and multilateral lenders are telling the world that they are being paid.

When will you stop lying 🤣😂

Just40:
You've been singing this song yet can't mention a single debt defaulted on 😂😂🤣

Broke Kenya is defaulting on another debt as we speak

You're a hero in nonsense

Ghana defaulted already, and we exposed your paper economy that's why you spend all day here barking.

https://www.reuters.com/graphics/GHANA-DEBT/zjpqjklwovx/chart.png

https://newsin.asia/wp-content/uploads/2022/12/Capture-42.jpg

Of course a mad man like you can read and hear phantom stories.
As far everyone knows - Ghana defaulted
They are expected to resume debt services in 2027 - after IMF arrives and straighten things.

This one last news on Ghana default....world bank who guaranteed 500M dollars for Eurobond are in trouble.

World Bank will want some IMF action too if they will pay Eurobond principal.

https://www.ft.com/content/7e008f0d-1ae9-4b8a-8caf-4e014fdf2f41

Just40:
Yet our Eurobond and multilateral lenders are telling the world that they are being paid.

When will you stop lying 🤣😂

rvp20182:
You defaulted ON ALL LOANS except for 1) Tbills and 2) IMF & WB loans slowpoke. Why do you want us to name each of loans when you gov defaulted on almost all domestic and external debt?

He lives in a utopia!! Who doesn't know Ghana couldn't pay her debts?

The whole world except a Ghana mad-man knows Ghana defaulted. Seek clinical help.

It's clinical coupled with typical west africa pathological lying

gallivant:
He lives in a utopia!! Who doesn't know Ghana couldn't pay her debts?

rvp20182:
The Zoos can not hold a candle to kenya. This latest from IMF - showing who is more debt distress.

Debt/GDP, budget deficits and FX volatility make the headlines but this is an underrated point about country govt budgets 👇

% budget revenues just to pay interest expenses.

Sri Lanka: defaulted
Ghana: defaulted
Pakistan: near default
Egypt: can't rule out
Nigeria: struggling

If oil sells high and Nigeria in the short term improves production, revenue in dollars would skyrocket again. This is what the Nigerian Government shared from 2005-2018.

Of course. Nigeria budget still remain largely Oil. If oil revenue improve; Nigeria gov moves along. For kenya it absolutely important that tax collection improves - and economy grows.

GeneralDae:
If oil sells high and Nigeria in the short term improves production, revenue in dollars would skyrocket again. This is what the Nigerian Government shared from 2005-2018.

GeneralDae:
If oil sells high and Nigeria in the short term improves production, revenue in dollars would skyrocket again. This is what the Nigerian Government shared from 2005-2018.

Nigeria can not default. Even in the worst of situations we didn't. Oil is still quite relevant and selling at a good price. The incoming President is someone who understands these things and has international connection. I'm sure confidence in the economy will be bolstered before year end and also with a decisive move on the subsidy issue I see Nigeria saving a lot of money.

The same can however not be said about a country that doesn't have fuel subsidy and still can't pay salaries.

Oil will not generate itself; Nigeria has failed to invest in oil sector and now it's starting to bite. Nowadays you can barely do 1M barrels - or doing half what you did a decade ago.

Now you have 220m country waiting for 20B dollars or less from Oil - with usual price fluctuation.

You have kenya working hard to generate 30B dollars in revenue from non-minerals - solid revenues that dont fluctuate.

Nigeria now if you rotton oil infrastructure continue the downward trend - soon your federal and state gov will be sharing 10B dollars

Obaaderemi2:
Nigeria can not default. Even in the worst of situations we didn't. Oil is still quite relevant and selling at a good price. The incoming President is someone who understands these things and has international connection. I'm sure confidence in the economy will be bolstered before year end and also with a decisive move on the subsidy issue I see Nigeria saving a lot of money.

The same can however not be said about a country that doesn't have fuel subsidy and still can't pay salaries.

Just40:
You've been singing this song yet can't mention a single debt defaulted on 😂😂🤣

Broke Kenya is defaulting on another debt as we speak

You're a hero in nonsense

Pathological lier. Ghana defaulted right after Sri Lanka. It's general knowledge.

https://pbs.twimg.com/media/Ft6pIL6XoAALMP9.jpg

Port Harcourt lifestyle



https://www.youtube.com/watch?v=CvK9VrBQG-w

rvp20182:
Of course a mad man like you can read and hear phantom stories.
As far everyone knows - Ghana defaulted
They are expected to resume debt services in 2027 - after IMF arrives and straighten things.

This one last news on Ghana default....world bank who guaranteed 500M dollars for Eurobond are in trouble.

World Bank will want some IMF action too if they will pay Eurobond principal.

https://www.ft.com/content/7e008f0d-1ae9-4b8a-8caf-4e014fdf2f41

Another bunch of nonsense


This Eurobond was due in April and payment was made by the govt. Holders of that were worried as to whether the Ghanaian govt was going to add it to a restructure or not and how the World Bank was going to go about it. Fortunately Ghana does not even have to add it to a restructure since the World Bank guarantee gives Ghana 4 years payment cover.
😂🤣

https://www.esamcgill.com/opeds/di345ouhm6dym5y60plksr4ib93bhh

gallivant:
Ghana defaulted already, and we exposed your paper economy that's why you spend all day here barking.

https://www.reuters.com/graphics/GHANA-DEBT/zjpqjklwovx/chart.png

https://newsin.asia/wp-content/uploads/2022/12/Capture-42.jpg

Yet you can't point to a loan that Ghana defaulted on....

Being downgraded through credit ratings is different from actually not paying your debt when due like in the case of Kenya

rvp20182:
The Zoos can not hold a candle to kenya. This latest from IMF - showing who is more debt distress.

Debt/GDP, budget deficits and FX volatility make the headlines but this is an underrated point about country govt budgets 👇

% budget revenues just to pay interest expenses.

Sri Lanka: defaulted
Ghana: defaulted
Pakistan: near default
Egypt: can't rule out
Nigeria: struggling

have you seen anyone default at 46% debt repayment? 🤣😂🤣

You're actually a clown

Being downgraded to default status in credit ratings is not the same as actually not paying your debt like in the case of Kenya.

Learn this and know sense.

Ghana didn't default on anyone of it debt obligation last year and hasn't done so this year. This is why you are struggling to mention any particular debt that Ghana defaulted on like I did for your broke country Kenya....


I don't have to repeating confessions from Ghana Eurobond holders everyday 😂

rvp20182:
The whole world except a Ghana mad-man knows Ghana defaulted. Seek clinical help.

😂🤣

Lunatic is desperate... A credit rating is different from an actual default...

Asked the people you want to quote to point you to the default.

I've already shown you Eurobond holders who were paid and the same goes to WB and IMF and AfDB..


Misery loves company indeed

Satellite imagery from space has already shown that outside the capital and a few towns their claims of electricity coverage is hogwash.

Also says alot about their industrial capacity when you have only barely 1000 MW to play with.

AfriqueDuZuid:
Tunisia, morocco, Algeria, Ethiopia, zambia, Mozambique, Ghana, nigeria Egypt all produce more electricity than kenya

I guess you already know why

chrisooblog:
Satellite imagery from space has already shown that outside the capital and a few towns their claims of electricity coverage is hogwash.

Also says alot about their industrial capacity when you have only barely 1000 MW to play with.

Kenya is not a generator infested zoo..

https://pbs.twimg.com/media/E6qjdv0XsA4W8Q3.jpg

Just40:
Yet you can't point to a loan that Ghana defaulted on....

Being downgraded through credit ratings is different from actually not paying your debt when due like in the case of Kenya

Argue with the media, am not the one who broke news of your economic suicide.

https://pbs.twimg.com/media/Ft6pIL6XoAALMP9.jpg

ProblemChild1:
Port Harcourt lifestyle



https://www.youtube.com/watch?v=CvK9VrBQG-w

post your dirty backward igboland

gallivant:
Argue with the media, am not the one who broke news of your economic suicide.

https://pbs.twimg.com/media/Ft6pIL6XoAALMP9.jpg

Again you have no understanding of what you post 🤣😂🤣

I'll give you 1000 cedis if you can find a loan that was defaulted on.

I learnt that's good money in Kenya

Just40:
Again you have no understanding of what you post 🤣😂🤣

I'll give you 1000 cedis if you can find a loan that was defaulted on.

I learnt that's good money in Kenya

1000 cedis can't buy milk here in Kenya. How much of your national gold are you willing to part with? 😆 🤣

Nigerian banks have incurred significant losses of at least N184 billion from their investments in Ghanaian bonds due to Ghana’s debt crisis.
A cursory analysis of the results of some commercial banks in Nigeria revealed all of them incurred billions of naira worth of losses.
The losses highlight the challenges facing emerging market economies and the importance of sound fiscal management and debt sustainability to avoid potential contagion effects.

Zenith Bank’s loan-loss expense doubled due to Ghanaian debt
Top African banks have had to impair their Ghana bond holdings.

https://nairametrics.com/2023/04/18/nigerian-banks-report-widespread-losses-on-ghanaian-bonds-default/

46% on interest alone illiterate Ghanian fool. You still have to pay for principal.

Just40:
have you seen anyone default at 46% debt repayment? 🤣😂🤣

You're actually a clown

Being downgraded to default status in credit ratings is not the same as actually not paying your debt like in the case of Kenya.

Learn this and know sense.

Ghana didn't default on anyone of it debt obligation last year and hasn't done so this year. This is why you are struggling to mention any particular debt that Ghana defaulted on like I did for your broke country Kenya....


I don't have to repeating confessions from Ghana Eurobond holders everyday 😂

Price, you pay investing in a wasteful irresponsible gov like Ghana and Zambia - both who hold Africa record in the number and propensity to default.

One must be ignorant to buy either Zambia or Ghana bonds. Ghana Cedis and Zim Kwacha had become so useless 1 dollar for 50,000 cedis they had to re-start from zero. 10yrs later they are 15 - that is 15 times depreciation. I can only imagine if KES was to drop 15times in 10yrs.

GeneralDae:
Nigerian banks have incurred significant losses of at least N184 billion from their investments in Ghanaian bonds due to Ghana’s debt crisis.
A cursory analysis of the results of some commercial banks in Nigeria revealed all of them incurred billions of naira worth of losses.
The losses highlight the challenges facing emerging market economies and the importance of sound fiscal management and debt sustainability to avoid potential contagion effects.

Airlord2030:
post your dirty backward igboland

Why can't you post your yoruba dirty brown roof

ProblemChild1:
Why can't you post your yoruba dirty brown roof

Igbo villages are heaven on earth. Beautiful and green. But the towns and cities are the problem (like many towns in Nigeria). I also observed that when I stayed in Anambra for a year and half.

The newly built Uyo international Airport by the state government would be commissioned by may 20th
The Airport project in Uyo, the Akwa Ibom state capital, is West Africa's biggest Aviation initiative that will greatly impact the Aviation sector in Africa.
The project is massive, includes:
1). The smart terminal 3 storey building with 5 avio- bridges , capacity of 1million PAX / year.
2). CAT. 9 Apron.
3). Surface Carpark
4). Integrated Access way.
5). Second Runway/ Taxiway 3.5km×60m
6). Integrated Cargo handling terminal
7). MRO ( Maintenance hanger) the biggest in West and Central Africa.

I knew Ghana would default waaay back - it predictable - if you know the history of Ghana gov legendary recklessness.

slowpoke losing their money for investing in Ghana have themselves to blame.

rvp20182:
I knew Ghana would default waaay back - it predictable - if you know the history of Ghana gov legendary recklessness.

slowpoke losing their money for investing in Ghana have themselves to blame.

Kenya is also almost defaulting. They are lucky they struck a deal with UAE to buy PMS without dollars.

Why would Kenya default. You need to understand how countries default and why Kenya is far from doing it. I dont know how much financial education you need to understand that Kenya had liquidity challenges but is very solvent.

You default if you do a series of stupid mistakes like Zambia and Ghana
1) You take huge external commercial loans - Eurobond & Syndicated loans with variable interest rate. Both Ghana and Zambia took lots of that.
2) You default if your currency loses grounds - Ghana for example saw almost 50-100% depreciation of cedis - and they threw up their hands.
3) You revenues stop growing - Ghana tried everything including mobile money taxation - but revenues just didnt grow - they threw in the towel - one sunday their sweating finance minister announced they were bankrupt.

You dont default if like Nigeria you take lots of domestic debt. Nigeria has printed 50B dollars worth of Naira. You just de-flate the money by printing - and creating poverty - but you dont default. This what Nigeria has been doing - printing their way out.

Kenya has only printed 500M dollars - the whole of last year. That the much kenya gov has borrowed from our central bank to address liquidity challenges. Kenya revenues grew by 20% last year from covid recovery - this year up again by nearly 10% - the economy is growing at 6% year in year out - inflation is not even double digit - base interest rate is 8%.

HOW do you expect kenya to default

GeneralDae:
Kenya is also almost defaulting. They are lucky they struck a deal with UAE to buy oil without dollars.

GeneralDae:
Kenya is also almost defaulting. They are lucky they struck a deal with UAE to buy oil without dollars.

Luck has nothing to do with it. We have always been a step ahead of the pack, brains.