₦airaland Forum

Rural south africa has those 30% indicators - of political freedoms. I am not interested in such. I am interested in Joburg city and Nairobi city in terms of urban development - and purely economic indicators. When we add indicators of political and social nature - human rights - then obviously western cities will always win.

And it's a good thing - I dont have beef with Mercer.

I have beef with you using it wrongly. Mercer QOL is meant to help expat choose where to live happily - most of them are western nation experts. They have to choose btw middle eastern or chinese 1st or next world cities - or Joburg - where they can live a more wholesome free life - although crime and power cuts will soon take them down.

jl115:
why you shifting the goal posts?? You said less urban development categories were included vs political /environmental.... Yet that statement was found to be untrue.

No such thing as "naked I eye test" when we are talking about actual researched indexes

Everyone uses nominal GDP - a country is LDC< Low MIddle or Upper Middle Income or Developed based on Nominal GDP; It's default gold standard. PPP is mainly used for internal purposes really.

jl115:
another common rvp L

Yes anything less than 100% urban development which includes political-social-cultural-huma-rights indicators - we cannot use to compare cities in terms of urban development. We rather use the naked eye test.

Is Joburg more free - of course - I hear your cabinet has even allowed smoking of weed - gays can marry - people have political and individual rights - these are good things to have - but when I want to compare say Gautrain - and chinese fast trains - then I get lost.

jl115:
Muppet I'm not debating wether "focus" means the same as contain/ includes.

You clearly said "less on urban development"..... Meaning mercer includes/contains less urban development categories.... Which as we've established the opposite is true.

You're bankrupt because you waste money. 1962. 1972.1982. 2022. Next time dont waste money in the Northern Region or paying nurses Allowances.

We invest in Nairobi because it's goose that lay the golden egg. Why would we invest in Turkana that size of Ghana almost and has few people.

Now Ghana that literally mines money or gold in their field is BANKRUPT. And everyone knows why - wasteful expenditure.

vaxx:
saying one can drive within Ghana in a single is an act of slowpoke. It takes you nothing less than 20 hours drive from Accra to zabzugu in northern region of Ghana for example , how is it tiny . The northern region for example is about 71 square kilometres. How is that tiny ? Are you an idiot. Ghana is not populated all over ...it is just a courry of 30 million people ( Accra and Kumasi has taken 1/ 3 of the whole total population) ).

Nominal GDP I will keep repeating is gold standard as PPP is rarely accurate while USD can run ahead and tell us Ghana is going down - and people are about to suffer economic depression.

That is why USD is the king except for a few currency manipulators like Chinese/Japanase - and those south asians who export tonnes of things - way beyond their GDP.

Veitnam has weakest currency as their export is already way above their GDP. Those are countries where PPP can tell us their true economic strength - which they understate.

jl115:
in terms of GDP nominal yes however Kenya is slightly ahead in terms of GDP ppp which is the more accurate means to measure economic efficiency

Again - I used the word "contains" - which mean INCLUDES - those are synonyms. In fact in my programming life - I use either Contain or Include interchangeably.

Focused is totally different thing. In short Joburg is not ahead of Chinese cities. It requires common sense. The data is suppose to explain common sense.

Should I learn Afrikaaner or will you learn English

jl115:
Refresh your memory :



Also my name isn't Samorobo.... The naked eye test b.s doesn't float with me.

The madman I know you're sweating but what you done is basically DEFAULT. It appears there was no amicable negotiation with external creditors and today you announce a technical default.

I knew with kind of brains (or more lack of ) we've seen here - it was a matter of time.

The music...

"Ghana just announced it can't service external debt including Eurobonds, commercial and bilateral loans!

FYI, we cannot repay our debt because we are insolvent or bankrupt!

Fitch, S&P and Moody's are expected to immediately downgrade our rating to Default ( D)!
"

Not anymore. I think your pop has grown to almost 220 (in absence of census which youre too broke to afford) and GDP is anything 440-490B - this year should be up for haircut.

As of 2021 kenya gdp per capita is 113B divided by 51 million - close to 2,250.

Obaaderemi2:
Nigeria has a bigger GDP per capita than Kenya.

Okay Ghanian - here we go with default. That should keep you busy for next two decades as you battle bankruptcy. We shall see you again somewhere in 2040 - when Kenya - then a developed country - will be sending AID to bail you out.

External debt default.

Your inkling to heckle. Let the other one with two brain cells left at least engage us today. Take a rest.

Just30:
another nonsense excuse for why Kenya remain undeveloped

You'll build highways in desert because it leads to where people live just like Ghana and Algeria have done.
Even Burkina Faso has done it.

Your country is tiny - one can drive round it in a single day. Most of it arable. Kenya is different. Small part of it is arable - the rest is mostly semi arid and arid. Your country is populated all over. Kenya isnt. Why would we build highways in desert?

vaxx:
Good reason you shouldn't be comparing your hell-hole of a country with any west africa state. A far remote area in Ghana enjoys all the basic amenities nairobians will enjoy.

I see you twisted after realizing you tied yourself in a knot. I didnt say focused. I said INCLUDES "useless" political-cultural-social indicators that distort it from purely urban development. Those soft issues you cannot see from your naked eyes when you watch Asian city video and South Africa. You can clearly see from your own naked eye that one is miles away. But of course they dont have political rights, gays have no right, and they are not a democracy.

Again if we were to race - and I start 30% ahead of you - how will you catch up.

Did you go to school or you're just a hunter? If you went to school 30% is HUGE - even 10% is huge.

jl115:
I don't do assumptions..... You said the Mercer QOL ranking focus more on political stability and freedoms than urban development... Yet 7 out of the 10 categories are infrastructure related..... That's the point

This beyond your paygrade. Stick to heckling. Let the Boer argue

Just30:
Stop arguing... SA cities beat Asian cities by a mile for a reason... They are more developed

Most of the Asian cities they beat has huge problems that SA has long solved

How much does Joburg beat Nairobi for example. Let assume 1 category is 10 points. If you take off 30 points from Asia cities because of their political enviroment; you've made huge difference.

That again is why I warned you about using one indices like a desperate Ghanian or Tanzanian

jl115:
7 out of the 10 categories are infrastructure related... So try again

The remainder is how you come close to many Asian cities. Nobody said South Africa cities dont have infrastructure better than many in Africa. But they are far behind many in Asia now.

jl115:
the bolded are all infrastructure related FYI.... So try answering my question again

I already pasted the indicators they look for in their QOL - which are western civilization concept heavy on political freedoms. South Africa accept gay rights and marriage - such things can take down Chinese smart cities. Otherwise if Dubais, Shanghais and Shenhzen were considered purely on urban living - aka naked eye test - few western nations would come close.

This year, Mercer provides a separate ranking on personal safety, which analyses cities’ internal stability; crime levels; law enforcement; limitations on personal freedom; relationships with other countries and freedom of the press. Personal safety is the cornerstone of stability in any city, without which business and talent cannot thrive. This year, Western Europe dominates the rankings, with Luxembourg named as the safest city in the world, followed by Helsinki and the Swiss cities of Basel, Bern and Zurich in joint second. According to Mercer’s 2019 personal safety ranking, Damascus ranked bottom in 231st place and Bangui in the Central African Republic scored second lowest in 230th place.

Reposting again their indicators and methodologies

Mercer evaluates local living conditions in more than 450 cities surveyed worldwide. Living conditions are analysed according to 39 factors, grouped in 10 categories:
Political and social environment (political stability, crime, law enforcement, etc.).
Economic environment (currency exchange regulations, banking services).
Socio-cultural environment (media availability and censorship, limitations on personal freedom).
Medical and health considerations (medical supplies and services, infectious diseases, sewage, waste disposal, air pollution).
Schools and education (standards and availability of international schools).
Public services and transportation (electricity, water, public transportation, traffic congestion, etc.).
Recreation (restaurants, theatres, cinemas, sports and leisure).
Consumer goods (availability of food/daily consumption items, cars).
Housing (rental housing, household appliances, furniture, maintenance services).
Natural environment (climate, record of natural disasters).

And you know which expatriates - they interview - western nation aka white experts.

That again is danger of a single story.

jl115:
please provide legit source for the bolded

You always tout the Mercer QOL - as measure of cities - while it contains HDI like indicators on human rights, freedoms, life expectancy - and less on urban development. That only way South Africa can measure up to Chinese or Middle East cities because they will score zero in political freedoms.

jl115:
I've posted these sources before....just consult the archives

Kenya has 5 cities now in populated areas.

Again, study this map keenly and explain what and how we would justify spending money in semi arid wasteland.

Majority of those places should be left for wild animals, forests and such.

vaxx:
stop fooling yourself . Nairobi is not the only part of kenya. Though, it even suck.

Why is there no single international airport in your northern part, No stable electricity in northern kenya , No single interchange in northern kenya. There are more setbacks as well. But let's limit it to this item .

if you want to know how developed an africa country look like , Ask for their northern development. people overlook it too much.

Too many people in your northern county will be consider as slaves in Ghana .

You should have sold Ghana Airway long before it went under.
KQ will remain Kenyan - and will use JKIA as it main hub - with Delta onboard.

vankelvin:
Where are the K-nyansh guys on this platform
As we've always told you, better we not have a national airline than to have a useless non profiting Airline like Kenyan Air. Primitives

Many people are seeing Nairobi preminence as Africa capital


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

Which QOL and by which org. I rather you stick to your school yard pranks.

Economist Intelligence Unit uses these indicators

The nine quality-of-life factors, and the indicators used
to represent these factors, are:
1. Material wellbeing
gdp per person, at ppp in $. Source: Economist Intelligence
Unit
2. Health
Life expectancy at birth, years. Source: us Census Bureau
3. Political stability and security
Political stability and security ratings. Source: Economist
Intelligence Unit
4. Family life
Divorce rate (per 1,000 population), converted into index
of 1 (lowest divorce rates) to 5 (highest). Sources: un; Euromonitor
5. Community life
Dummy variable taking value 1 if country has either high
rate of church attendance or trade-union membership; zero
otherwise. Sources: ilo; World Values Survey
6. Climate and geography
Latitude, to distinguish between warmer and colder climes.
Source: cia World Factbook
7. Job security
Unemployment rate, %. Sources: Economist Intelligence
Unit; ilo.
8. Political freedom
Average of indices of political and civil liberties. Scale of 1
(completely free) to 7 (unfree). Source: Freedom House
9. Gender equality
Ratio of average male and female earnings, latest available

And Mercer QOL - is mainly for expats living in a country

The total index is based on the following categories:

Consumer goods
Economic environment
Housing
Medical and health considerations
Natural environment
Political and social environment
Public services and transport
Recreation
Schools and education
Socio-cultural environment

Just30:
This is what QOL ranks .. you can learn a thing or 2 and improve

electricity
water
Roads
public transportation
traffic congestion
medical supplies and services
infectious diseases
sewage
waste disposal
air pollution
standards and availability of schools
restaurants
theatres
cinemas
sports and leisure
availability of food/daily consumption items, cars
Improve Housing
Improve household appliances availability,
furniture availability,
Improve infrastructure maintenance services

Stop gossiping. It's not manly. Learn to stand on your ground. Your argument should stand on their own feet. You dont need a mad man to prop you. It wont help you case. It makes it even more dire.

And both of you should learn some English. It's hard enough following the messed-up logic.

vaxx:
I can't just imagine , he is written my word back to me as if he is making sense . I just lectured him he can't the dollar anywhere in Nairobi for 123 because that is the benchmark price and business wi have to make profits . Instead of him to swallow his pill of ignorance , he prefer to paraphrase my words and wrote it back to me . I just don't get what the understanding mean . Very daft and stupid of him.

We are making progress; after five years; you've now discovered other indices out there;

jl115:
When did I say Johannesburg has a bigger economy? Cairo has 4 times the population of Joburg.

Also infrastructure? Where's Egypt?

https://lpi.worldbank.org/international/global

https://cms.law/en/int/publication/cms-infrastructure-index-2021/africa

https://gqii.org/

QOL - ranks stuff like political stability and democracy - gay rights - and that is where Egypt will score poorly - and South Africa will win - but everyone knows Joburg is crime capital, rape capital, drug capital and now even electricity & water are no longer assured.

Be afraid of the dangers of one story.

It reeks of desperation to always have one index like DESPERATE Tanzanian.

One of my favourite Nigerian - this very brilliant writer - she talks about the danger of single story. You need to widen your horizon - and you'll see many cities in last two decades have left South Africa - Dubais, Qatars, Chinese cities.

These chinese and middle east cities will score zero for democracy - but when it come to infrastructure, housing, transport - they are WORD CLASS - better than any city in the world.


https://www.youtube.com/watch?v=D9Ihs241zeg

South Africa cities are slowly become just another SSA city - without basic services with crime out of hand - and that is very clear to me. Nairobi on the other hand is growing very rapidly.

jl115:
All that investment and its still a sh1t place to live.... Almost as sh1t as Nairobi......

So tell me why are our cities nearly a 100 places ahead of Cairo in terms of QOL??

Not just that if we look at infrastructure our cities also rank considerably higher...

First Learn English and I may understand what you're saying.
Forex are sold like tomatos in Makola market by women there while trying to turn some marginal profit.
The sellers buy low from farmers and try to sell high to customers.

The price is really not constant; you negotiate based on how much you're buying or selling.

To get the prevailing exchange rate - is basically the mean of buys and sells.

If you're selling dollars - your bank will buy low. If you are buying - they will sell high. The difference is their profit.

The exchange rate is generally indicative of mean of buys and sells but everyone buys at almost different exchange rate.

vaxx:
what you can buy with your money is what give it value. Currency are made it up from your available pulse . How much is presently in cbk account.

Cbk make up the numbers based on what your economy can sustain and bank also sell with the amount of the dollar they hold. That is why banks and forex all have slightly different numbers for differant reasons even though the available cbk price is 123. Banks and forex will not have the same price. I have school you freely .

You see - MEAN - btw buys and sells - is the exchange rate.
You dont pick Ghana lows (sell) and Kenya High(buy) - that is nonsense.
You pick the mean - of sell and buys - and that is the prevailing exchange rate.

Benchmark or inter-bank rate is still a median of what Central bank is willing to buy and sell;
Central Bank also are in forex business to make profit;
At least Kenya one - and they declare profit - and pay Kenya gov.

vaxx:
this is the illiteracy I am taking about ? A stupid individual like you is written my word back to me as if he is making sense , you are only repeating the same thing I let you know. Fool. There is a benchmark price that your national banks value your currency when compared with dollars ( that is the amount she will sell it to the banks or other regulated agency ) and your banks will make a profit margin when trading it hence the reason you can't get it 123 the same price your national bank will sell it to your bank.


You monkey

Everyone dealing with forex understand low and highs - and median is the exchange rate;

If it's Makola market - we sample all forex exchange in that backstreet; get their lows - buy dollars cheaply - sell dollars high - and makola exchange rate is the median.

If you go to your bank - you will see sells and buys rate - the difference is their profit margin - the exchange rate is low+high divided by 2.

Is there a Ghanian with at least some decent education?

vaxx:
i understand this stuff better than
your idiot self , it is what I do almost every week. The 123 is the benchmark standard from your national bank( cbk) stupid individual like you can't get it like in the open market because of the profit margin , you will be getting it averagely at 127 if not more than that.

Verbiage.
Banks and Forex buy low and sell high.
The exchange rate is median.

vaxx:
Aren't you an example of Kenya polluted educational system? Haven't we see the level of illiteracy in full display , you are wanting in common comprehension . How much more basic fact . The 123 is the benchmark price , that is how it has slides to. You will not get it in the market like that you monkey . The least you will be getting is 127.

I will keep it short. Ghana is still bankrupt.

Just30:
long epistle of nothing

Keep crying

What do they teach you in Ghana school;
Not English? Not logic? Not Economics.
Why are exactly are spending money to finance an education system that output idiots like you.
The exchange rate is median btw buys and sells;

Kenya Shilling Slides To Ksh.123 Mark Against The U.S Dollar
https://www.citizen.digital/business/kenya-shilling-slides-to-ksh123-mark-against-the-us-dollar-n311267

vaxx:
like I said your shilling is 127 against dollar , nobody buys it 123 you lier.


More goggle and paste pls .

Again, you're wasting your insults; they have zero effect on me;
I only flow with facts.
Kshs is 123.
Ghana fundamentals remain messed.
It has defaulted already on local debt - and we are waiting for eurobond default;
IMF and diaspora dollars is giving Cedis a deadcat bounced.
Fundamentally - Ghana is still rated at default
https://www.fitchratings.com/research/sovereigns/fitch-downgrades-ghana-ltlc-idr-to-c-08-12-2022

What we are watching for in Q1 2023


Fitch Ratings - Hong Kong - 08 Dec 2022: Fitch Ratings has downgraded Ghana's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds issued domestically have also been downgraded to 'C' from 'CC'. Fitch has affirmed Ghana's Long-Term Foreign-Currency IDR at 'CC'. Fitch typically does not assign Outlooks to sovereigns with a rating of 'CCC+' or below.

A full list of rating actions is at the end of this rating action commentary.


KEY RATING DRIVERS
LC Debt Restructuring Announced: The downgrade of Ghana's follows the government's announcement of a formal invitation to exchange local-currency debt. Fitch deems this to be the initiation of a default-like process, consistent with a 'C' rating.

Invitation to Exchange LC Debt: On 5 December, the government of Ghana published an Exchange Memorandum inviting eligible holders of local-currency domestic debt to exchange their existing bonds for new bonds. These new bonds will pay significantly lower coupons, with 0% coupon in 2023, rising to 5% in 2024 and to 10% from 2025 onwards, and effectively extend maturities for eligible outstanding local-currency domestic debt. The restructuring comes in the context of efforts to secure IMF support and a local-currency restructuring seems to constitute a necessary prior action.

LC Exchange Qualifies as DDE: In Fitch's view, the debt exchange constitutes a distressed debt exchange under the agency's criteria, given that it entails a material reduction in terms and is needed to avoid an outright default. Fitch will downgrade the LTLC IDR to 'RD' after completion of the debt exchange, which the government currently expects on 20 December. The IDR could then be upgraded to a rating appropriate for Ghana's prospects on a forward-looking basis, but the LTLC IDR would be constrained by the fact that the foreign-currency debt situation would still need to be cleared.

Foreign-Currency Debt Not Yet Affected: The government also announced that it is preparing a restructuring of its external debt to restore debt sustainability. Fitch downgraded Ghana's rating to 'CC' on 23 September to indicate the increasing likelihood of a default event as a result of these pressures and in anticipation that an IMF-supported macroeconomic reform programme would require some form of debt restructuring. Ghana's already-high debt servicing burden and constrained access to finance both worsened during the successive shocks of the coronavirus pandemic and the Ukraine-Russia war, leading the government to seek IMF support in July 2022.

Partially Guaranteed Note Expected to Be Excluded: We have affirmed the rating on Ghana's partially guaranteed notes backed by the World Bank's International Development Association as the notes are expected to be excluded from an external debt restructuring even if other Eurobonds are included.


ESG - Governance: Ghana has an ESG Relevance Score (RS) of '5' for both Political Stability and Rights and for the Rule of Law, Institutional and Regulatory Quality and Control of Corruption. Theses scores reflect the high weight that the World Bank Governance Indicators (WBGI) have in our proprietary Sovereign Rating Model. Ghana has a medium WBGI ranking at 50.8 reflecting a recent track record of peaceful political transitions, a moderate level of rights for participation in the political process, moderate institutional capacity, established rule of law and a moderate level of corruption.

ESG - Creditor Rights: Ghana has an ESG Relevance Score (RS) of 5 for Creditor Rights as willingness to service and repay debt is highly relevant to the rating and is a key rating driver with a high weight. The current rating action reflects Fitch's view that a default event is imminent.


RATING SENSITIVITIES
Factors that could, individually or collectively, lead to negative rating action/downgrade:
-Completion of the proposed debt local-currency exchange would lead to a downgrade of Ghana's LTLC IDR to 'RD'.

- Failure to make scheduled coupon or maturity payments on Ghana's foreign-currency bonds within the grace period would lead to a downgrade of Ghana's LTFC IDR to 'RD'.

- Signs that the partially guaranteed notes might be included in a restructuring could lead to a downgrade of their rating.


Factors that could, individually or collectively, lead to positive rating action/upgrade:
- Withdrawal of the local-currency debt exchange offer and payment of upcoming coupon payments within stipulated grace periods.

- Evidence that foreign-currency debt would be excluded from the overall effort to address Ghana's debt pressure could lead to an upgrade of the LTFC IDR and affected issuances.

vaxx:
just shut up. Cry for the fall of shillings.. your currency is struggling over dollar now .127 per dollar , that is so inept of ruto adminstration.