₦airaland Forum

RTSC:
These Ghanaians are just funny.
A tiny country in every way but with the arrogance of a giant.

Is there any Ghanian company worth a billion dollars?

chrisagyei:
I don't know if you realise the purchasing power of Ghana is more than 200 billion dollars. Am not sure your Lagos State which is the most biggest financial heart and population wise in your entire country and account for more than 1/5 th of revenue generated in the entire Nigeria.

Our economy is growing massively at 8.8%,our GDP has risen to 65 billion dollars with the highest per capita income in West Africa. We need all West African markets especially Nigeria to develop more and we rather prefer West Africans to tap into our development and economic growth and trade more than Western nations. That's why we were awarded the sole right to host the African Free Trade Agreement Headquarters in Accra,Ghana. That's why our ministers are going to Nigeria to diplomatically resolve any border issues.I hate it when some of your brothers say we're begging you guys because in terms of trade,both sides benefits.We don't smuggle anything out of our country from anywhere cos our port duties alone is taxed and more expensive than any port in West Africa do it will be foolish to import something into Ghana to smuggle to outside Ghana.

We're currently building a factory each in over 200 districts in our country and currently, factories and industries makes up 25% of our GDP. No country is an island.

chrisagyei:
In Ghana, we currently produce more power than we can consume which is over 4,000 megawatts of electricity and we currently export and sell power to Togo,Burkina Faso, Benin and Cote D'Ivoire and we're currently preparing to sell more electricity to Mali and Niger.I can give you the source of this information. Our power load shedding crises was solved in late 2015 and even after that,we still voted out the government in office who brought that load shedding. Let your government be accountable for the masses,increase the price of electricity to make it competitive so that you will always enjoy uninterrupted power supply due to more private investment into power production and distribution. About security, I don't know how we did it in Ghana buh naturally,Ghanaians are very cool and peace loving people. [b]About the border closure, it's not the best decision. You rather police your borders and monitor and electronize your borders to make your custom officers more accountable. And yes,Nigeria is not the only country with the market. We trade among our [/b]neighbors more than Nigeria.

chrisagyei:
you don't need to combine cos the population of Netherlands alone is a little over 10 million people buh have a GDP Purchasing power far more than that of Nigeria of 200 million people. Currently we have a purchasing power of over 200 billion dollars for a country of 30 million people which is more than the purchasing power of Kenya who have a population of about 50 million people,more than Ethiopia of more than 100 million population and more than Tanzania who have a population of more than 60 million people. Our economy is growing massively at 8% and we're hosting the African Free Trade Agreement Headquarters. So be there and day dreaming about your huge 200 million people whom you can't even feed.My friend,better respect yourself.

In fact Egypt has a population of about the 96 million people buh a purchasing power of more than 1.3 trillion dollars which is more than Nigeria with a population of more than 200 million people .

gidson12:
I don't think the Nigerian government banned any of your products from Ghana.....only what they said was that let this products pass through appropriate ports (seaport, airport), so the government can account for what comes into the country and the appropriate duties are paid for it. most of what comes in through the land boarders are smuggled, contraband and without import taxes paid....so no one is saying that no west African country should not trade with Nigeria, but necessary due process has to be followed.

helinues:
Advise your government to also close your borders . Is that too much to ask instead of all this unnecessary enmity

chrisagyei:
what you guys don't know is since both countries don't own any national carrier,there's no cargo plane and ship that flies or dock direct to each other's port thus the planes and ships have to first go to Europe,Asia or America before it redirects back to Lagos or Tema and Takoradi ports in Ghana. That's not good for trade much more not affordable for mainly small cargo goods waiting to be transported which are perishable or from small and middle scale enterprises. That's why our ministers have currently secured a temporary passage for only Ghanaian trucks to enter and exist Nigeria. They're now sending all the informations to the Nigerian customs for easy identification besides,Nigerian trucks keep assessing Ghanaian land borders as we're typing now.We only transport what we produce here to West African markets.

chrisagyei:
go to the BBC Africa page and see Nigerians crying up and down and South Africans teasing them because Ghanaians have locked down just hundreds of Nigerian shops in Kumasi alone.Between Ghana and Nigeria, tell me who cries a lot shouting that "they hate us,they don't respect us,they attack our people,we will deal with them,ordinary country now look at them".Tell me who cries a lot.Well the issue now is thousands of Nigerians are at the mercy of Ghanaian GUTA members and crying to your government that Ghanaians are frustrating and closing down their businesses. I just observe.I take no side buh I always put in my mind that everything I do over here,GHANA FIRST!!

chrisagyei:
In Ghana, we currently produce more power than we can consume which is over 4,000 megawatts of electricity and we currently export and sell power to Togo,Burkina Faso, Benin and Cote D'Ivoire and we're currently preparing to sell more electricity to Mali and Niger.I can give you the source of this information. Our power load shedding crises was solved in late 2015 and even after that,we still voted out the government in office who brought that load shedding. Let your government be accountable for the masses,increase the price of electricity to make it competitive so that you will always enjoy uninterrupted power supply due to more private investment into power production and distribution. About security, I don't know how we did it in Ghana buh naturally,Ghanaians are very cool and peace loving people. About the border closure, it's not the best decision. You rather police your borders and monitor and electronize your borders to make your custom officers more accountable. And yes,Nigeria is not the only country with the market. We trade among our neighbors more than Nigeria.

WhoBeThisMan:
my guy you were making sense before , I even praised you, but now you are talking trash and hate again . Bye

chrisagyei:
Exactly, I always research on world largest purchasing power nations.Forget population because higher population does not automatically translate to higher purchasing power. Example is USA has a population of about 300 million people buh a purchasing power of 20 trillion dollars compared to India of 1.3 billion people with a purchasing power of 4 trillion dollars. Meaning, trade within Americans is multiple times more profitable than trade between USA and India. Surplus American products reaches India.

Anytime countries with largest GDP purchasing powers are ranked,USA is first,EU is second and China is third. EU corporately act as one country then later France,Germany, Italy,UK and others represents individually in the top 20.So they keep their soveirenty and laws buh in terms of trade,they're one nation and virtually trade among themselves without restrictions.

In Africa, if Egypt with a GDP PPP of 1.3 trillion dollars, Nigeria with 1.2 trillion dollars,SA with 1 trillion dollars,Algeria with over 500 billion dollars, Morroco has over 350 billion dollars, Ghana with over 200 billion dollars, the rest altogether in Africa with about 3 trillion dollars making a total of over 6 trillion dollars for Africa with a total population of 1.2 billion people. Meaning we beat India,any single European country and other countries apart from the US and China and we can trade among ourselves by both sourcing of raw materials which we have abundantly and selling off finished products which we have the purchasing power to buy our own products and with cheap labour and easy access to raw materials,in the next 20 years,Africa will be the home of trade and extreme development and even with a single currency and free movement of people and services, the world will envy us.

That's how the African Free Trade Agreement has been established. Instead of us seeing ourselves as competitors, we should see ourselves as business associates whilst we keep our individual sovereignty, culture, pride, budget, government type and laws.That's the Nkrumah's dream.

chrisagyei:
that's how i answer and feed my trolls.I feed them with their own medicine.I easily switch back to my original pan African self.

vaxx2:
Springfield alone which also works in Nigeria oil field is worth a billion dollar according to Forbes magazine. it is a Ghanaian indigenous company.

chrisagyei:
very funny response buh all the same, Google is your friend. I have given some names as you requested so you can cross check them if you doubt

chrisagyei:
[s]go to the BBC Africa page and see Nigerians crying up and down and South Africans teasing them because Ghanaians have locked down just hundreds of Nigerian shops in Kumasi alone.Between Ghana and Nigeria, tell me who cries a lot shouting that "they hate us,they don't respect us,they attack our people,we will deal with them,ordinary country now look at them".Tell me who cries a lot.Well the issue now is thousands of Nigerians are at the mercy of Ghanaian GUTA members and crying to your government that Ghanaians are frustrating and closing down their businesses. I just observe.I take no side buh I always put in my mind that everything I do over here,GHANA FIRST!![/s]

chrisagyei:
A report prepared by A.T Kearney, a US-Based global business strategy and consulting firm, has ranked Ghana as the fourth country in its debut among a list of 30 developing countries on the potential for strength and investment in their domestic retail markets.
The A.T. Kearney 2019 Global Retail Development Index (GRDI) judged the country’s retail size to be about US$24.4 billion with more international retailers viewing Ghana as the next go-to-market in the sub-region.
Although the report stated that the country’s economy is dominated by the informal retail, it predicts the urbanization will be a major driver for modern retailing, which is expected to reach US$33.16 billion by 2024.

“As one of the most stable nations in sub-Saharan Africa, Ghana presents both retail opportunities and cautionary flags. The Ghana economy is expected to grow by nearly 8.8 percent in 2019, backed by a thriving oil and gas sector…Urbanization will be a major driver for modern retailing, which is expected to reach US$33.16 billion by 2024,” the report added.
According to the report, although Ghana’s internet access is a little below 40 percent of the population, most internet users are middle-class consumers who are interested in modern retail.
Other West African countries that made the list were Senegal, ranked 6th and Nigeria which was ranked 30th.
The GRDI rankings are based on several criteria including population size, per capita GDP, and other factors.
International retailers
In April 2019, DHL, launched DHL Africa eShop, an e-commerce app that brings more than 200 U.S. and U.K. retailers online to 11 African counties, including Ghana.
Decathlon opened a store in Ghana in 2017—its largest in West Africa—and hopes to expand with 50 more
stores across the country. International supermarket chain Pick & Pay is also set to open a store this year while Massmart has opened three outlets since 2017.
https://citibusinessnews.com/ghana-places-fourth-in-new-ranking-of-developing-countries-retail-markets/?fbclid=IwAR2RuxWtIJ94pp_VRR9yulMSMIHiqsgzcaKX6GhKqKPu8aoLvUSWglxIcdo

Kpoikpoi:
Who cares about Ghana?
Shame on any Nigerian that would live in Ghana or do any business in Ghana.,the Ghanaian economy depends on Nigeria and not the other way around.
Screw Ghana.

Just30:
the Nigerian economy is highly dependent on Ghana

chrisagyei:
you don't need to combine cos the population of Netherlands alone is a little over 10 million people buh have a GDP Purchasing power far more than that of Nigeria of 200 million people. Currently we have a purchasing power of over 200 billion dollars for a country of 30 million people which is more than the purchasing power of Kenya who have a population of about 50 million people,more than Ethiopia of more than 100 million population and more than Tanzania who have a population of more than 60 million people. Our economy is growing massively at 8% and we're hosting the African Free Trade Agreement Headquarters. So be there and day dreaming about your huge 200 million people whom you can't even feed.My friend,better respect yourself.

In fact Egypt has a population of about the 96 million people buh a purchasing power of more than 1.3 trillion dollars which is more than Nigeria with a population of more than 200 million people .

Area4Area:
Nigeria and Egypt are the only countries in Africa with over a trillion dollar economy, you rightly compared your Ghana with Kenya, Ethiopia etc, stop comparing Ghana with Nigeria, we are not mates.

Omoodua007:
Congrats on the $200bn purchasing power
Nigeria has $1.2trn so GTFO