₦airaland Forum

theenchanter:
And if it becomes the first again in few years, y'all will scream "FAKE". Never agreeing that many indexes make up the GDP. Y'all think GDP is mere figure.

We know the drill.

chrisooblog:
Ok.

GeneralDae:
Why are you guys fond of comparing an African country like Ghana to UK, US. It’s not thesame scenario. The average pay and minimum wage in those countries means their purchasing power matches up with the high value of the currency. This is not the case with Ghana.

vaxx:
you still don't need to quote back. The message is not for your moniker only

chrisooblog:
@Genera.lDae, theenc.hanter and co you guys really have patience debating with someone who's economy defaulted on Eurobond payments, currently owe significant sums to IMF and currency is appreciating due to suspension of debt till next year.

vaxx:
it is in that figure because your naira is weak . Simple . At the calculation of your nominal GDP using the US dollar

I also position your weak currency is the sudden reason behind your stubborn inflation

vaxx:
I am sure they share the same type of brain with you .


Once I begin to ask for what is shitty now. It is either you instructed the bot to ban me or you begin ranting

theenchanter:
ok.

vaxx:
you don't need to quote back.. ko necessary

GeneralDae:
Ghana should pay all her gas debts to Nigeria so we too can also effectively improve local demand😀

Benin, Togo, Niger also use Nigerian gas for years without paying yet they turn around to mock us that we have no electricity.

“Notably, in February, the Ghanaian government announced plans to negotiate with Nigeria's N-Gas Limited to settle a $37.5 million payment, part of the outstanding debt for gas supplied to Ghana's power plants.

However, the Managing Director of N-Gas has not confirmed or denied whether the payment was made”.

vaxx:
unproductive journalism. You don't even have the report .


9ja always behave like a babyy in need of mummy breast milk .

Anyway, for the first time in about 20 years , Nigeria might be paying for using Ghana keys on lotto numbers. It is entirely more or less free in Nigeria back then. Imagine it is the other way round, nigerians will have taken it up the street like this your non ending gas debt case..

GeneralDae:
Come on now. 31 million cedis owed by 2 countries. That’s not even up to $2 million in total.

AkoniMoipei:
The fall is not sudden but gradual, starting immediately after you rebased. Nigeria's GDP is just about in its proper place right now at around 180B — The Kenyan GDP is almost catching up at 131B. In fact if Tinubu does not pull up his socks the catchup will be complete before the decade ends. Whichever the case, dont confuse exchange rate dynamics and rebasing, the latter is done to keep up with the evolution in prices. Your president's decision to let the local currency float freely has seen naira lose 70% of its formerly artificially high value, which is exactly what we are seeing because your GDP has dropped nearly 70% from the heydays of the 2014 rebase. Just a point of note, you could have a trillion dollar GDP and I would not say its fake, even though I know it is. I never said so when it was 576. GDP is a very artificial number that depends heavily on how you measure it — exchange rates, inflation adjustments, and rebasing can all drastically shift the figure without reflecting any real change in people’s daily lives.

GeneralDae:
Ghana should pay all her gas debts to Nigeria so we too can also effectively improve local demand😀

Benin, Togo, Niger also use Nigerian gas for years without paying yet they turn around to mock us that we have no electricity.

“Notably, in February, the Ghanaian government announced plans to negotiate with Nigeria's N-Gas Limited to settle a $37.5 million payment, part of the outstanding debt for gas supplied to Ghana's power plants.

However, the Managing Director of N-Gas has not confirmed or denied whether the payment was made”.

theenchanter:
ok

AkoniMoipei:
Which figure? I quoted the entire trend and highlighted two significant areas showing the GDP fell from a high of over 500B when you rebased on 2014 to a low of 188 this year, is that outdated? You might need to rebase again or tell your president to do his f#cking job!

ProblemChild1:
Ghanaians should come and explain this to us please

ProblemChild1:
Ghanaians should come and explain this to us please

theenchanter:
Normal thing. We're still crude in the continent, No value added to products.

Same with Nigerian leather exported to Italy and sold as premium finished goods by well known brands.

GeneralDae:
Kenya is borrowing again via Eurobonds to pay off maturing Eurobond but borrowing at very high rate (9.9%).

Just40:
Ghanaians do not consume chocolate....at most, it is a 4 million dollars market in Ghana.

Italians spend close to 10 billion dollars buying chocolate....their market