₦airaland Forum

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.

Deadcat bounce changes nothing in bankrupt Ghana. Just wait for January. The fundementals are messed up.

vaxx:
Your worries should be about your struggling country ( righ now shilling is struggling against the dollar . Nearly 127 against the dollar for buying , the ruto adminstration keeps not to get his head over the dollar rise. You may be having Uganda shillings soon, so adjust your paper denomination to tolerate your poor currency. Just like how Ghanaian predicted , our currency has completely recover all her lost, inflation is gradually fading off. Economy management Wise, Ghana is ahead of any easy africa

Thanks for this. This look really good way to rank cities.

Shma2022:
Accra is a fourth-tier city according to the global research institute. Nairobi, Capetown, and Casablanca in the same class --- closely followed by Lagos. Cairo and Joburg are in the same 1st class lower.

https://www.spottedbylocals.com/blog/alpha-beta-and-gamma-cities/

He is battling power rationing while quoting QOL. Crazy hunter. Their cities are slowly becoming 3rd world from 2nd world...crime, joblessness, drugs, power and water rationing.

JOHANNESBURG, Dec 7 (Reuters) - South African state power utility Eskom on Wednesday ramped up scheduled power cuts to "Stage 6", repeating the worst outage level on record and putting further strain on households and businesses.

The utility, whose ageing fleet of coal-fired power stations is prone to faults, said a flurry of breakdowns and delays returning other units to service had caused the escalation in outages.

Stage 6 power cuts require up to 6,000 megawatts to be shed from the national grid and mean at least six hours a day without power for most South Africans.

gallivant:
Relax hunter.

Cairo left any South Africa city long time ago by investing 45B dollars.

They actually have spent 60B dollars...while you've be thumbing and sucking your fingers waiting for day boers return to south africa political leadership

https://www.nytimes.com/2022/10/08/world/middleeast/egypt-new-administrative-capital.html

jl115:
hit me up when any city on mainland Africa has surpassed CT or Joburg.... Till then know your role and shut your mouth

For christ sake get sewage system first and stop smelling.

Just30:
Yet jo'bury and Cape Town remains the two cities above Accra in all the necessary infrastructure..... You can go and disprove Mercer

QOL here we come . The world is not going to wait until you fix ANC. Countries are moving very fast.

jl115:
cool story bru..... To bad Joburg still ranks way ahead of Cairo in all indexes

Zambia finally found themselves a leader - they might have left broke Ghana in the misery corner forever


Hakainde Hichilema
@HHichilema
Political and economic stability coupled with rule of law, attracts investment and creates jobs.

Joburb been dead for two decades - while Cairo is growing very fast. You need to keep updating yourselves. While you're stuck in the same place for last almost three decade - many cities have grown past that - majority in Asia.

While you're sleeping and regressing into crime, rape and drug - Cairo is building

https://www.youtube.com/watch?v=Q4s17akL4HY

Nairobi is currently next to overtake Joburg.

jl115:
it leaves Cairo in its dust my bru... No contest

You cant build tall building you see in Nairobi without working sewer; that soakpit/cesspit will fill up in a week;

And that my friends is the main reason why no one is building up in west africa.

Lack of modern sanitation.

Apartment dont work with cesspit/soak pits. You'll be calling the honey sucker weekly and it wont make any economic sense.

Nairobi has man made lake - of 4,000 acres - where all the sewage goes.

Just30:
sorry, we don't have overflowing cesspit and sewer here

I heard that is a very common thing in Nairobi though

We already have a good sewer system and also have a better drainage system too.

Fix those in Nairobi so you don't keep having cholera

You cant stay better in a sewer with overflowing cesspit.

Fix sewage first before we talk.

Once you smell fresh air your life will improve.

Just30:
at least we know we are paying rent to stay in something better and not those nonsense that 95% of your people live in.... That shit can make skin crawl

No one in kenya will pay rent for one year
Eastland exist to provide cheap housing for people starting their careers or life in Nairobi.
You are probably typing this from backside of someone bungalow.
or staying with relatives.

or like we see in Nairobi - 10 nigeria in one room in same Umoja Crazy west africa come to Nairobi - go to Kayole and still cant afford to pay for a shack.

Kayoles provide cheap housing for low income people - readily cheaply available

Just30:
greater Nairobi mostly look like Dan*Dora
And no west African community will look that run down.

Having a few tiny communities like Kar*en with 50,000 people or Run*da with 30,000 won't change the greater mess of 10 million

Now what would you call your cities. Kayole would among the best places in Accra.

Just30:
I didn't mention So*weto the slum and neither did I mention all those slums.

I just mentioned ordinary Kenyan communities which come out as the largest urban areas of Nairobi and what they mostly look like (run down slums) .

Sorry Accra does not put up such run down shit and call them skyscrapers anywhere.

The slum only exist in Nairobi - and most people within Nairobi city - live in Eastland slumscrappers.
Greater Nairobi beat entire West Africa still

Greater Nairobi is middle and lower middle class - for people who want to own their residence and not pay west side prices.

Way above Ghana. Nobody really can explain why West Africa cities look bad. I cant. I have tried.

https://www.youtube.com/watch?v=hwrP0H_hkoU

Just30:
Karen only has a population of 50,000 , that's nothing compare to 10 million Greater Nairobi population

Soweto is a slum.
Kibera, Soweto, Mukuru, Mathare, Korogocho. Those are slums erected illegally in river basins mostly.
Most Kayole is equivalent to Pipeline and Dandora....slumscrappers.

One thing Kayole has more skyscrapper than entire GHANA cities

Just30:
I understand why you can't post every community in Nairobi because they all look like run down squalors


Kayo*le 700,000 people live here


https://www.youtube.com/watch?v=EzBkhiAt38M

https://www.youtube.com/watch?v=JZuoF29KA_o

https://www.youtube.com/watch?v=u4HgGteNLOw

Umo*ja is it 500,000 or 600,000 people who live here?

https://www.youtube.com/watch?v=XOoBmrH1iUA

Dan*dora Nairobi with a million people


https://www.youtube.com/watch?v=dnoAF2F2r_4

If we go for horizontal you'll lose even more.
Almost half of Nairobi has world classes residential estates

Such houses all over Nairobi West - huge area - starting from Karen - ending all the way in Garden Estate- Thome.
You can split Nairobi roughly in two - Eastland - is poorer part - with many middle and lower middle class that would pass for best in west africa.

Then west side of Nairobi is world class - and you cannot get anything less than a million dollars - unless it's apartment.


https://www.youtube.com/watch?v=cANyekBCmvw&t=98s

ProblemChild1:
in your own understanding, development is all about skyscrapers. Kai God

How would they rate your cities when slums are integrated with city - a complete egusi soup

ProblemChild1:
Please I don't want to have a nightmare. They didn't rate Nairobi as the largest slums in the world for nothing.

All those areas are better than typical west africa cities.

https://www.youtube.com/watch?v=6sDvFOmus8o&t=866s

Just30:
Just go and look at Kayo*Le, Umo*ja, Dan*dora and co and you'll see how horribly ordinary Kenyan communities are.
Those areas hold some of the largest population of Kenyans in Nairobi

He likes Kazikazi flogs that mercer QOL like it's life n death. Chinese cities are world class.

Shma2022:
The most delusional man I've seen today.

Something like this would impress me

https://www.youtube.com/watch?v=aQUh6deLT9E

ProblemChild1:
What's so impressed about Nairobi. A complete shithole. Please shift

You cant impress anyone with any west africa cities; just give up

ProblemChild1:
Keep smoking your illegal stuffs. I love your madness