₦airaland Forum

Whatever I choose to spend my time and energy on is none of your business.

theenchanter:
No, u have fire over ur roof but u choose to mind ur neighbor's leaky roof.

Is Ghana your mother or property?

theenchanter:
go drink changaa and leave ghana out of ur rants.

Okay reading Ghana re=based GDP. The Ghanian Cedis is deteriorating every year against the USD. Something is wrong with Ghana macro-economics. In 2012 - it was nearly pegged to the dollar..then it became 1.92 in 2013, then 2.94 in 2014, then 3.78 in 2015, then 3.92 in 2016, then 4.36 in 2017, then 4.59 in 2018 and now in 2019 it's approaching 5.2.
http://www.statsghana.gov.gh/gssmain/fileUpload/National%20Accounts/Annual_2013_2018_GDP_April%202019%20Edition.pdf

Just30:
im not sure the Kenyans would know that

All British colonies are like that..most Kenyans go through very rough boarding school.. although now they are tame ..our time bullying was nearly legal.

Just30:
you are making too much noise

the cement consumption of Ghana has exposed your underdevelopment

I don't dispute that Ghana is doing well...you're certainly more urbanized but I think the numbers are a little massaged

vaxx2:
Dangote is not a key authority in Ghana cement industry. he is just a player ....now goverment has even regulate its buisness more. stastically, the amount of cement he brought to Ghana has reduce unlike before, so most of its product are largely smuggled in . how can such a player knows the accurate figure. he can ballon it or downsized it for its own benefit ....

You seriously think Dangote would just throw money to Ghana without the basic of industry stats? You think they don't have such figure on fingertip so they know their market penetration.Jesus.

Jonraid:
The money converter quoted the recent market rate. He wants the old rate before the said 7 percent depreciation. Give it to him!

You give him an inch he takes a mile.Okay this is more friendly fire so hopefully we can learn about Ghana.I tend to think behind the rosy picture there is an ugly side we need to unravel here.Ghana is like Zambia.Looks good from far but when you get near...you find a backward country.Their cedis like the kwacha always come to bite them..and they start again.

Just30:
not really

who will want to hide a 25% economic recovery?

So the economy had collapsed, eurobond interest was hammering Ghana, credit rating agencies downgrading her debts , cedis getting a battering and IMF on Ghana neck ...and all over sudden let's rebase again..just 5yrs after 60% GDP jump..we get another 25%.Look suspicious to me.

vaxx2:
but we shouldn't be stupid pulling statistics right from our asses and called it figure. we should learn to be independent minded and quote trusted information.

regarding the consumption report I have quoted a trusted information but rvp stubbornly ignore it. citing dangote report in exchange ....

It started from 10m..then 5m then 8m..the Dangote said 6m.I am going with Dangote because he is an industry player and won't put any thrash in his audited results.6M is good because Kenya does around that with 20m more people.

vaxx2:
You dont do calculation that way. when that budget was realised. it was somewhere in 2018 and cedis was quoted well around 4.90 and 5 cedis. that is what you should read. Ghana cedis has lost so many point this year...

Nitpicking, cherry picking.We are painting in broad brushes.This is not floating point precision ..this is Nairaland.11 divided by 5 is 2.2B aka 2B round off.Dont be that desperate

Just30:
the revise budget always comes in July when there is a need to.

Every July, the finance ministry goes to parliament to report on the health of the economy

So you financial year is calendar year...Kenya suplimentary budget come around the 3rd Q.Nothing drastic...just minor revision.

vaxx2:
Ooh good. but RVP should learn to argue educatedly not blindly .if it were to be in my hostel then in uni and he argue quoting blog. Boys may give him a slap base on that ......

5.2 cedis is a dollar.11B Ghana cedis is 2b dollars.Facts are stubborn.

Just30:
The stats came from the ministry of finance, tourism and the trade ministry
Those economic stats give them a better view to note that it was a disservice keeping the previous values.

you dont need an entire survey to carry out a rebasing when sectorial surveys are available for the purpose you intend to carry out.
Institutions like CDD and Imani carry out surveys evey two years.

You finance ministry need a wriggle room from Credit rating, IMF and Eurobond hence the rebasing

Just30:
Kenya ratio was 15% in 2017

the facts are there
Ghana's ratio has never been below 18% since 2015 or so

Big lie.Your rebased GDP is 70B.You ordinary tax 8B.Total revenues 11B.

Just30:
the first budget submitted for 2019 is 15 billion dollars whiles the reviewed one for mid year pushes it to 18 billion dollars

So you already have a revised budget this early.

Just30:
hehe

you wont get Accra pics on goolge

most of what you'll see are pics from 2000 to 2008

Who died? The photographer? Reality might be the town itself died

vaxx2:
You are abnormal I swear. just for the year 2019, Ghana is spending about over 11. 1 billion Ghana cedis on education with additional supplement....and do you know how much is that ? . it is nearly 4 billion dollars. your economy will collapsed doing that.... how much is your total budget on education? what Ghana budget on education is what you guys are projecting toward 2020 which is 400 billion kenya shilling. that is roughly 4 billion dollars .

Ghana budget coupled with supplement will sink your entire GDP. . we are talking in excess of 50 billion dollar here and that is 2019....


When you show me your tax to revenue income, i will hands down as of now . you guys are just dalm poor

Only in Ghana do folks add budget plus suplimentary.In norrmal country suplimentary budget is a revised budget.11B cedis is about 2B dollars.Ghana is small potato

Just30:
hope you note the reasons why the economy had to be rebased.



it may be rebased soon as the government is busy roping in more part of the informal economy

How do you know it's time to rebase? where is data coming from? countries in developed world conduct census or huge national household or economic surveys every 5yr..Ghana cannot afford it..so what the basis for rebasing aggressively? I think 10yrs would work for the level of your underdevelopment

vaxx2:
You should know i insult pseudo intellectual like you. you pised me off

I am not an intellectual of any shade.I am a software engineer if you must know.Clearly your puny brain is overheating so I should spare it

Just30:
you are not making sense

so the extractive sectors are no more part of the economy?
The extractive sectors

the largest tax paying sector is the telecommunication sector in Ghana.

Ghana's 2019 ratio has grown from 18.3% to 20% whiles Kenya has improve from 15% to 18.1%.

With your reading it got worse.kenya had hovered around 17-20%.Never 15%.Yours now is 15% after rebasing

The last refuge of a scoundrel is base insults and adhomimnem

vaxx2:
if i ask you for evidence of your karikashor report, you will foolishly quote one blogs there. Get a life, you are talking tonwesr africa citizens , we scrutinized information here before digesting it. any road side economics report is taken on peril.... lets check out statistics we can do it here.... show me emperical evidence of your report , and I will easily hands down . Ghana has more than one capital market and therefore using single capital market to judge Ghana is influenced by stupidity. you actually don't know.

2 I have met a kenya dude , he is paying huge cash schooling in ashesi university in Ghana. we even still communicate on Facebook once in a while. but I have meet many more Ethiopians than you lots and I have never meet a Tanzania


3... I have correct you , student schooling aborad from west Africa is based on prestige and not because we don't get good school . you can't afford doing that. check online report you are way behind Ghana.....you can't just try it where is the money?

Just30:
Ghana's 2019 budget plus supplementary budget adds up to 180 billion dollars for 2019


Ghana spends 3 billion dollars on health and 2.5 billion dollars on education.


Comparing Kenya to Ghana is laughable

Say that again..this time slowly 180 billion dollars.You budget is not even 15b dollars.

This is not academic journal. This is forum where prima-facia evidence is enough to pass. Evidence is Ghana re-based twice in 10yrs. The first saw a GDP jump of 60% and the last curious one saw 25%. Tanzania also did the same. The last one saw 3% jump. They were also equally desperate.

vaxx2:
Only idiot like you post blogs as evidence . and you want me to disprove blog base on factual evidence. I am not that daft like you.

If you want to be sensible, Use quoted authority reference and get educated. you can be this way stupid . how do you used blog and called it fact . you aren't normal I swear

Evidence....simple...of Ghana cement production and consumption...is not rocket science. You're beginning to sound like Nigerians. Getting facts out is like pulling teeths.

Just30:
The person my publication quoted was not a lobbyist but the regulatory authority.
You can't seem to accept is because it will exposed your underdevelopment

Dont worry, Ghana is still building it cement factories to produce more cement for consumption

even sales from GHACEM diamond and Cimaf alone is 8 million metric tonnes

1) Nigeria stock exchange is worth 30-40B dollars. Ghana is worth 61-65B cedis - which about 11B dollars. Kenya is the one that is worth 25B dollars.

2) Your anecdotal evidence cannot triumph empirical evidence. Just because you never saw or meet kenyans - doesn't mean they don't exist.

For example Kenya use to lead in Africa sending 7,000 to US - but the number has now declined as we fixed our local universities - and save our dollars - now we send about 3,000 - with Nigeria leading at 9,000.

vaxx2:
1 You see why i called you an idiot. how can a 12 billion dollar worth listed on Ghana companies. how much is the total value of kenya stock exchange. Ghana currently have in excess of 25 billion dollar and more


2. I repeat stastical available shows that you are highly ignorant when it comes to matter of educating in both ivy leagues amd Oxbridge. kenya are no where to be found. I will not spoon feed . but anybody can go online to dispute me.


3. Your level of education is highly pseudo. you don't based conclusion on blogs like a road economics . I am gonna remitted that revenue claim as soon as I get home

The basic rules of sound argumentation. If you dispute my source - bring another more credible source. I am surprised you went to 3 universities and never got the basic of right thinking humanbeing...were you that dense?

I know for a fact Ghana re-based aggressively -esp the 2018 one was just curious - because they had re-based with everyone around 2012/2014 - when Nigerian suddenly became 500B dollar behemoth.

Why would Ghana be in hurry to re-base without any significant data like census or major HH - apart from gov desperation to get out of IMF emergency facility -

vaxx2:
Guy stip being stupid . how can you be quoting blogs as evidence. Are you mad ? no one is an illiterate here

1) The company you read is Safaricom - 12Billion dollars BEHEMOTH - that is worth all listed Ghana companies. Dangote Grp is worth 11B dollars. Safaricom revenues approaching 3B dollars...and it pay taxes & dividend now approaching 1B dollars.

2) Education - I don't know where Ghana leads - but Kenya was leading in student numbers in US & UK - until we started fixing our universities last decade.

3) You ignorance of anything outside Nigeria & Ghana is very transparent.

vaxx2:
The articule report Kenya are employed for the first time in such multinational company. yes the CEO. that is impossible down west africa not even ivory coast ( a fully foreing oriented country will take it).

When it comes to the matter of education aborad , You are no where to be found bro. I personally had my education in about three different countries.... statistics presently prove Nigerians lead in sub Saharan Africa on student educating abroad( This include but league in Usa and Oxbridge and its first tiers in UK) . follow closely by Ghana..... You just don't have the money to go for such education....


When it comes to international academician, You need to go check statistics. do you have any recognised figure both in education or science sector that is making wave globally? ... there is reason bank of Ghana governor was recently appointed as the chairman of IMF. guy coming to the international scheme of life . kenya is far backward. statistics from America shows Ghana and Nigeria are holding position in formal sector than Any sub Saharan country from africa.

I guess it not suppose to be confidential otherwise I might have done something illegal.

Just30:
i guess the Ghana 2019 budget is there for you to read.

Just30,

Ghana aggressively re-based as it was put into IMF 'emergency' room after getting into debt spiral & currency devaluation.

For the second time in less than 10 years Ghana’s GDP has seen a huge increase as a result of a change in the base year used in the calculation.
https://www.ceditalk.com/2018/10/ghanas-rebased-gdp-explained/

In 2010, the base year used for Ghana’s GDP calculation was changed from 1993 to 2006. The country’s GDP jumped by 60% and the services sector was recognized as the largest contributor to GDP, replacing Agriculture. The recent change of the base year from 2006 to 2013 has resulted in a 24.6% jump in GDP to GH¢256 billion.

So does it get budgeted?

Just30:
All monies made from oil royalties do not form part of Ghana tax revenues since they are allocated to two different accounts as required by law.

Population didn't decline. 52M was projected by some folks. Our pop increased from 38M to 47.5m in 10yrs. The annual growth declined from 2.9% to 2.2% because we are aggressively implementing family planning.

You per capita jumped because you recently re-based - growing your per-capita by 25%.

When we re-base too in 2022 - we might get another 25% jump - and surpass Ghana.

Just30:
Have you asked yourself why your population declined?

and your per capital is still lower

I am talking about part of the informal sector - black economy - why would somebody avoid banking the money - if he was living large .

What has Ghana achieved for it's people that kenya can only dream about?

vaxx2:
Guy you are sick Walahi ......who is talking about bribing. the guys is referring you to how much worries made on informal hon outside formal works...
what Ghana has achieved for its people, kenya can only dream of it.