₦airaland Forum

The day you educate me on anything; the sun will rise from the west.
I have worked with US gov to assist countries including Ghana conduct census and national accounts (GDP)
My female colleaque was in Ghana - in 2007 or earlier - while I was in Rwanda.
Assisting poor countries like Ghana and such to build their statistical capacity.
I was personally helping many countries install, configure and set US survey tool called CSPRO.
She was mostly doing microdata - another tool by worldbank for statistical services like Ghana
You know nothing.

Just30:
Someone should freely educate this lunatic for me..

He thinks he get his GDP, inflation figures and other economic data from his population census instead of his statistical service carrying out a market research.

I leave this job to the South Africans

Healthcare is not nursing only.
It both preventive and curative measures to ensure the healthy wellbeing of the country.

Let try this Numbeo Health Index

Health Care Index is an estimation of the overall quality of the health care system, health care professionals, equipment, staff, doctors, cost, etc. Health Care Exp Index - is aiming to show health care index such that it raises MORE (exponentially) if the health care system is of better quality.

In Africa...


African Countries With The Best Healthcare Systems (2022)

1. South Africa (63.97)

2. Kenya (63.40)

3. Tunisia (56.54)

4. Algeria (52.88)

5. Nigeria (48.49)

6. Egypt (47.01)

7. Morocco (45.57)

� Source: Numbeo's Health Care Index.

vaxx:
Ghana is far doing well than kenya when it comes to nurses to patient ratio . So this debate isn't for you. Our health sector is by far top notch. I read the last time your president is about rolling e- health. I laughed at it , because Ghana already outgrown that category a decade ago. Our health insurance system is fully digitized and now has a larger coverage. At least some few years ago, we are doing about 80 percent coverage , we should be at 100 percent now or thereabouts.


We can afford to send more of our personnel abroad , we are now producing them more than necessary. And about agriculture, Ghana and kenya agriculture practice is still purely agrarian. And little upgrading have been done .

Ignorance is a bliss.
It is rebasing. Not rebasement
Yes, census data is key.
This has nothing to do with LSMS - living standard measurement studies.
GDP rebasing is understanding the structure of the economy, the quantities of economic activities and the value (prices)
Census is not just counting people; it also counting economic activities.
And it's basis of GDP calculation.
There is no data better than census as everyone get counted & asked questions - the rest are mostly sampling

Just30:
See nonsense

Is it census that is used for economic data ?

Who is talking about re-basement?

I said our statistical services public Ghana living standard report and market research every 2 years and this is why Ghana economic data are always up to date and accurate than Kenya.

And you're here ranting like the lunatic you are

Stop smoking illegal stuff.

Just30:
nonsense as usual
Ghana GDP has almost double in cedis term to 863 billion cedis at 6.8 dollars.

Your last of economic knowledge will keep making you the fool you already are

You can't do census every 5yrs like most developed countries.
You cannot therefore rebase every so often as required.
The rest are usual madness.

Just30:
Look at the country talking about data capacity

Have you not seen the Ghana living standard report which is public every 2 years, it comes with a comprehensive market research.

Kenya does not have that capacity

All inflation will be deflated to real GDP using 2013 base prices and then USD will hammer your nominal GDP.

So basically, it going to be this simple - very small real GDP increase in Cedis - and then 50% hammering by USD if today official rate was anything to go by.

Ghana nominal GDP this year will take huge haircut. The real GDP in cedis may even grow.

Just30:
Because they benefited from I inflation, just when it was time to adjust their base prices, their currency recovered

You rebased in 2018 - the base year is 2013.
Kenya rebased in 2021 - the base year is 2015.
Ideally you should rebase every 5yrs - if you have data capacity - which I doubt you have.
I think south africa do every 5yr rebasing
Countries able to do census and large surveys every 5yrs can rebase that often - developed countries do this.
African countries take time
Nigeria cant even do census every 10yrs.

Just30:
Yes ...
Ghana hasn't adjusted that base price since 2015 or 16...
The BOG will be doing so in 2023, which means that should the cedi appreciate any further, GDP will be substantially increased

Pained? How? I asked you to run to IMF a year ago and you wont be in this pain. Only Vaxx here seem to get it. You dont. For you this is just a bad dream you'll wake up from and cedis will be 3 to a dollar.

Just nailing IMF alone has assured everyone that Ghana gov is not sick like you.

They have been deranged for two years - until they went bankrupt - like Kwame Nkurumah did in 1962.

You see kwame refused to go to IMF - and the country was broke - army overthrew him and went to IMF.

Ghana bankruptcy started in 1962 - with same Ghanian pride.

Just30:
You need mental health treatment more than anyone here

I've never seen a person this pained

Kenya we keep reminding you is semi arid yet survive on agriculture.

Just30:
Primitivity is when Kenya can't produce at substantial quantity and quality any of it staples to feed itself and be food secure because of how primitive your agric is.

You guys can't even produce rice because it is capital intensive and spend 1.8 billion dollars at retail prices on imported rice

How comes Angola GDP crushed from 140B to 70B when their kwacha crushed.
GDP of course is calculated from base price from a base year - ideally every 5yrs - for SSA 10yrs is good enough to rebase.
This has nothing to do with nominal GDP. That GDP in that country currency.
Then after all that - nominal GDP - to simply divide that by official dollar rate at end of the year.
To get GDP PPP - you dont use USD but international basket.
It's that simple.

So there are 3 GDPS if you will - GDP in rand (real GDP), GDP in dollars (Nominal GDP), GDP in PPP(as alternative to nominal)

The real GDP uses a deflator on the prize (nominal) to remove price changes from the base year - as you want to measure quanties of things produces - not get "confused" by price changes from inflation.

GDP is simple maths of price times quantity produced of all goods and services.

There is no controversy on the quantiles - it's on the prices or value of good & services - hence many variation of GDPs.

You can deflate GDP using the base year (real GDP) or USD or international PPP - but generally USD is the best deflator and nominal GDP in USD is GOLD STANDARD.

jl115:
Bolded-like I told Rvp2018 many moons ago... That's not how GDP calculations work..... You don't just increase your GDP by the % of your currency appreciation/deprecation.... You have a base price for a basket of goods which is fixed for a certain number of years

Maybe there is some divine intervention this time.
Your miracle is happening.
You need to work on your mental health

Just30:
none of that are playing a substantial role .. we have inflows every year end but the cedi still depreciate.

Yes, kenya livestock sector has long way to get to Botswana level. Ghana entire agricluture is mostly primitive.

Just30:
nonsense
Focus on your agricultural primitivity and end this mess else your country will never surpass Ghana in agriculture especially staples production ( something you have to do urgently because of your huge population)


https://www.youtube.com/watch?v=HNleYGf8ty4

Seasonal inflows from diaspora visiting home and positive sentiment from IMF/debt restructuring.
Could be a dead cat bounce or sustained.
We shall find out soon enough.
There is still question of Eurobond and external debt restructuring - and of course what IMF deal really entails.

In the meantime engage in xmas celebration and delusion.

You need to re-energize.

Just30:
You're just stupid ... I don't expect a lunatic to know these.

Wait for December inflation figures ... It will drop to 25%

The cedis only started appreciating last 2 weeks.
By January or February, inflation will be at 12% if we end the year with the Cedis at 4.

At this rate, the Ghanaian economy has surpassed the Kenyan economy in nominal terms at 127 billion dollars and a GDP per Capita of 4,093 dollars

Meanwhile Kenya expansion to Francophone gather pace

KCB bank has completed buying of Trust Merchant Bank (TMB) (a Congolese bank) for over Sh15 billion.

"If you've ever been to Kinshasa,one might think he's in Kenya KCB and Equity banks,ATMs and agents alnost everywhere. Kenyan financial firms really runs the DRC".

The mad man in his element.

2 minute readDecember 14, 202212:29 PM GMT+1Last Updated 20 hours ago
Ghana inflation hits 21-year high above 50% in November
By Cooper Inveen and Christian Akorlie
People make trade in Accra
A shop owner, checks the stock at Makola market, one of the country's largest trading centres in Accra, Ghana March 26, 2022. REUTERS/Francis Kokoroko
ACCRA, Dec 14 (Reuters) - Ghana's annual consumer inflation accelerated to a new 21-year high of 50.3% in November, up from 40.4% the previous month, driven by utilities, food and fuel, data showed on Wednesday
https://www.reuters.com/world/africa/ghana-inflation-rises-503-yy-november-stats-office-2022-12-14/

Just30:
The Cedi has gain 56% of lost value and now trading at 6.

By Monday it will be at 3 cedis to a Dollar.


The Ghanaian economy is back on track

Cuba has nailed their healthcare. They have world class healthcare built on community health workers that ensure disease prevention. They can now export - even poor Kenya got Cuban doctors and we pay them.

Ghana has a long way to go. Quick check on WHO shows Ghana need to do way more to train community health workers. Instead of becoming a slave labour exporter for yet another century - please re-look at your country immediate needs - and focus your gov training there.

If there is excess labour nurses - why not train people in agricluture. I have seen videos of Ghana primitive agriculture and they can do with lots and lots of agricultural extension officers.

vaxx:
cuba sending doctor to venuzuela in exchange of oil is just one of the example . More than 3 billion dollar worth of oil was exchange for cubarian doctor ..

Africa remittance - kenya still behind Ghana - maybe for another year.

It Nigera. The only nice place in GHANA IS THAT BOTANY TREE LINED PARK

Shma2022:
Wow! I never knew Ghana can have such a nice place. Kudos!
This is actually the best video I've seen from Ghana. And by far the best judging from west African standards.

Now that looks good.

vankelvin:
This place here in naija is top notch and I can't wait to see how it will look after completion

https://www.youtube.com/watch?v=2Y-cCNZHB9E

BEST OF LUCK First I'd like to see what IMF has forced you to agree to. Delusion has to be one of thing you give up.

Just30:
Everyone knows the the country has almost fully recovered.

most of the bonds renewed were only going to mature in those same years of 2027,30 onwards.
Renewing them protests bond holders from principal loses as they were trading in the negative.


You're suffering from Kenya economic pain ... Moral relativism and a terrible sense of economics make you make stupid comments just to prolong arguments base on facts

Keep crying, you'll wake up tomorrow morning and the Cedi will be at 7 or be at 7 by the afternoon.

Forex gurus are already predicting the Cedi at 5 to a dollar because of the data they are looking at

You see you're mental deranged because you think Ghana has already recovered when bond holders are being told to wait earliest until 2027...and last person to be paid is 2037.

You suffer from delusion. Get treated.

Just30:
Funny lunatic rant

My country is more developed than yours .. I will take a develope your country advice from SA because they're more developed than us but not a country far below us.

A country that can fully pay it debt and is doing so can't be described as bankrupt. Kenya can't and that is why we all say Kenya is bankrupt.

The Ghanaian economy has almost fully recovered

Cry more

The madness. I want Ghana to prosper. In real. Not in make-believe. You know I supported Ghana until Kazi Kazi opened our eyes. Develop your country and we shall support you.

But now you're bankrupt. The only support I have got for you is REALITY CHECK. For example I told you months or years ago to RUN TO IMF before it was too late. You waited for too long. But finally you're back to IMF because once you fail to manage yourself - IMF doors are always opened to manage your affairs.

Kenya is about to exit the treatment regime and have cooperated...they went early...and are about out to exit now.

And now you should concentrate on getting out of the bankruptcy.

We are going to watch Ivory coast who have recovered from a civil war and are doing great.

Just30:
I've never seen a man cry this much over the economic prosperity of another country

If the rate stays here, Ghanaian GDP is 100 Billion dollars

But it won't stay here because I learnt the Central bank is targeting a rate at 6 or 7 cedis.

This means they are looking at a GDP of 143 billion dollars for next year.

Mad cow will not understand. He need a year more to understand why IMF is crucial. He still believe the problem will go away like a bad dreams.

In his brain - he will wake up one day to find 3 cedis is a dollar

vaxx:
Agreement usually does not mean disbursement. At least at this level , we hope the situation now will improve investor confidence and improve the foreign exchange. Most importantly.

Great. This was long overdue if you didnt have a fool for a president.

vaxx:
Ghana finally reached 3 billion dollar level agreement with IMF today.

We might have to push forward prediction of Nairobi beating joburg to 5yrs

https://www.youtube.com/watch?v=aQUh6deLT9E&t=1s

I googled search "Central bank of Kenya sells dollars to support shilling"
The last time they did this was 2020.
The last two years CBK has not intervened on the forex market.
And Kshs is doing great.

Meanwhile Ghana gov has tried severally to intervene - has basically emptied usable forex reserves - and were last seen around Galamseys trying to grab small scale gold. They were hoping to buy oil with gold

The small-scale gold diggers got wind of it - and have run to Burkina Faso.

And a sweaty Ghana gov official was finally seen on sunday announcing to the world - We are Broke We are Bankrupt until 2037 We cant pay

Just30:
Tell that to your fellow Kenyans.

You're govt has no fiscal space with a managed exchanged rate and that is why when you experienced a 150% inflation last 2 years a last year, you had no option but to start defaulting and ran to the IMF even after WB debt freeze.
That's how mad Kenya is, using the limited forex you have to keep a managed currency while the entire market suffer badly from the effect.

Ghana just had to allow the Cedi take the shock over a 3 months period in order to protect the market and now everything is recovering at a faster pace. We are looking at a 30% recovery
You'll wake up tomorrow or close of week and the cedis had recovered all 54% of it loses.

Time as always is the arbiter.
Kshs has depreciated 9% - globally all currencies are down 8% on average
So Kshs is doing great - and will clawback if need be.
Though I think Kenya would like to keep the Kshs at 110-120...for some time....so we can become regionally competitive.
IMF complaint was that KSH was too strong at 100 to dollar...now at 120...everyone is happy - except for importers.
Opportunity for them to look inward
Debt wise - we only paid 5.5B kshs...about 50m extra from forex losses...so it's not a big deal.

It would be a massacre if we were Ghana - and Kshs would now 220 to dollar....from a high of 330kshs.

That is how crazy Ghana is. Kshs just moved from 115-120 in a year.

Just30:
bunch of nonsense from a lunatic

Cedi is appreciating because of a huge trade surplus, a further decline in import pressures as the finance ministry and BOG just removed a huge trade pressure off the dollar and then there's a reserves diversification and increase.
And then the derivative market has realized the debt hullabaloo was just hot air, after looking at the economic data which are all in the positive.

I don't like to talk much in a game of tic for tac political diplomacy. It's far beyond your understanding, especially when you can't understand simple economics



Why is the Kshs not appreciating ?

Meanwhile Ruto set ambitious target

President William Ruto has set an ambitious target to increase Kenya's forest cover to 28% from the current 8.8 % by 2030. Every chief shall dedicate at least one day per week for a public baraza and tree planting drive to plant at least 3,000 trees weekly.

Lol mad cow; drop to 3;
We can only speak after seasonal dollars flowing from Ghanians visiting home for xmas is over.
Then external debt restructure and then IMF deal.
Dont get carried away by dead cat bounce.
In fact, next few weeks international trade takes some break until January

Globally there is weakening of dollar as people speculate what Fed will do....so many currencies recovering with Ghana leading.

We dont know yet how the Fed will act..today they US will release their CPI and tomorrow the fed meeting will decide on US interest rate...this will determine where the dollars will flow - back to US or overseas.

Just30:
the rate at which it is dropping, without intervention from the BOG to stop it appreciation, we might end up having a problem because with this momentum, it can get to 3 before the year ends.

How did it drop from 12.39 to 10, over night.

Ruto makes technology the center of kenya transformation

In today Independence Day celebration - the debate wasnt about long time freedom fighters - but new digital freedom fighters.

Meta verse (Facebook) - Global Affairs Sir NIck addresses the country. Every attendee got a free scholarship to tech course at Arizona.

Ruto is nailing the sector that will see Kenya leapfrog into developed country like China did with manufacturing in record time.

Kenyans told us that they want technology to drive our economy. That is why we have decided to have a 100,000KM superhighway that is going to be built to enable internet access in every part of the Country - President William Ruto

If there’s any doubt in anybody’s mind about the power of technology, just look at what the Hustler Fund has achieved; in 12 days, we have 15.4 million subscribers and lent out Ksh 7.54 B

Universal Health Coverage is going to be provided on a digital platform, E-Health - President Ruto #JamhuriDay2022

In 6 months, we intend to transfer 85% of the remaining gov’t services to the digital space - about 5,000- President Ruto

Kenyans will also manufacture cheap smart one of less than 50 dollars - so everyone can move to digital space


And finally -

Our junior secondary schools will be domiciled in primary schools to save parents the huge cost of taking their children to schools far away from their homes. I have instructed TSC to commence the recruitment 30,000 teachers.

Kenya Fixed Internet approaches 1 million....to be ramped to 8 million - kenya has about 13m households. Highest in Sub Sahara is South Africa at 2 million last I checked - look they are at 1.7 with fiber at 1.3 - far cry from South Africa 17.5M households. Ghana still at 80K and Nigeria around 110K. Pretty terrible. The future is digital economy fired by fiber to home - anything else will be too expensive - too erratic - and not unlimited
https://www.businessdailyafrica.com/bd/corporate/companies/safaricom-grows-fixed-internet-market-share--4051704
“During the quarter under review, Safaricom Plc recorded the highest market shares in fixed data subscriptions at 35.6 per cent followed by Wananchi Group at 25.5 per cent,” the industry regulator says in the report.

The data shows that the number of homes and offices linked to fixed Internet jumped eight per cent to 986,462 in the quarter that ended September from 915,674 in the prior quarter that ended June.

Waste of time and money - building interchanges instead of building the roads.
Secondly insitu casting of interchanges is last century
Try to pre-cast the columns and erect them in a fortnight.

Just30:
The kind of abundance of projects that Kenya won't be able to carry out over the next 10 to 15 years because Kenya is bankrupt.
Tema beach road and interchange


https://www.youtube.com/watch?v=0TZTqW1iL1U