₦airaland Forum

Show me Ghana in 2022 Africa medals.

Rank Nation Gold Silver Bronze Total Pts
1 Algeria 4 5 6 15 41
2 Mozambique* 5 0 2 7 30
3 Zambia 4 0 3 7 28
4 Morocco 2 5 2 9
5 Cameroon 2 3 4 9
DR Congo 2 3 4 9
7 Botswana 1 2 3 6
8 South Africa 1 0 9 10
9 Mauritius 1 1 0 2
10 Egypt 1 0 3 4
11 Sierra Leone 1 0 0 1
12 Kenya 0 3 1 4
13 Cape Verde 0 1 1 2
14 Burundi 0 1 0 1
15 Guinea 0 0 2 2
Uganda 0 0 2 2
17 Senegal 0 0 1 1

vaxx:
flaws

Yet you always exit in 1st round almost in every world cup with template of complains - racist referee.

vaxx:
you aren't debating, you are pained. We won under20 world cup championship and it is on record we are the only country from africa to have ever won it . You can keep graping at straw for the rest .

In most popular sport ( soccer) we are a big powerhouse in africa .

Yet Kenya has better boxing record than Ghana.

vaxx:
Another hogwash. The record can't be clean off. Boxing is the next most popular sport after football here.

I bet you only won the u20 by fielding u25 like Nigeria did.
Soccer is popular sports but it's not the only sport.
You're nowhere in sports.
In soccer - you suck - you are slighly better than any other african team.
Because face it - you will always exit in the 1st round.
So difference btw average Africa team and Ghana is 1st round.
You will face South Korea and if you dont work on why you lost to Portugal - the REAL REASONS - not the racism/half an inch of offside.
You'll be with us watching soccer as spectators without a team.

vaxx:
You actually missed the sarcasm, poor student . I mean soccer is the most popular spot in the world , Deal with the rest . No sporting event will gulp over 300 billion dollar just for a single monthly event not even olympic for its five consecutive times . Qatar just did it . Soccer is the real big deal.

I just told you , we won under20 world cup yet you are still limiting it to africa standard . Are you daunce. Or is it because it is under20? Your submission is becoming irrelevant.

We are good at soccer simply because we invest in it , forget your nonsense body build .

You lost. When will you learn not to equivocate every world cup. This is sickening attitude that explain why Africa never reaches it's potential. One or two decisions cannot explain 3 goals you leaked. You lost...repeat 10 times. Every world cup - we were robbed - referee did this - ohoo racism. One can never run out of excuses when you start.

Then make your players and coach understand they lost - and work on winning. You have one more game - and it's over. You lose the next game - as always you're back to Africa on the next available flight.

Actually you're the bottom of group H. Your next game is a must win.

vaxx:
You are a dunce. So because I must point out black star weakness ,I need to hide out the corruption meted out against them ? What a porous thinking? Portugal won buy they won poorly . We loose but we loose galantly. That is the difference. In football, scoring goal is the most important aspect . We scored but we couldn't outscored our opponent. If at the end , we share same points with other team in the group (quite common), they will take the goals we score and the goals we received into account.so our two goals are not waste. Mr idiot .

Mugabe flatten the slums - which was a radical move - but rural-urban migration must be in tandem with formalization of the economy to create urban jobs - otherwise the results is rural immigrants will create slums and it's attendant problems

A UN investigation yesterday denounced Robert Mugabe's slum clearance operation, which has left hundreds of thousands of people homeless, as a "catastrophe" that violated international law.

The UN's 98-page report concluded that 2.4 million people had been affected, of whom 700,000 had lost their homes or livelihoods or both, in a humanitarian crisis of "immense proportions".

I dont dispute that Ghana is more Urbanized than Kenya. I dispute if that is a good thing. You study a little bit about premature urbanization and see why you've turn you cities into huge slumpolis. Kenya itself should not be at 25-30 percent with half the resident living in urban squalor - we should ideally only have 15 percent of people living in urban areas - and rest in rural areas.

How do we stop premature urbanization - Kagame in Rwanda forcefully send back people to rural areas - Mugabe in Zimbwabwe destroyed slums in Harare - and declare Zim a country of no slums.Somewhere like Kinshasasa is like 95% slum shanties - majority just escaping because of security and total lack of infrastructure in rural DRC.

As for Ghana - most of Accra for example should be declare unfit for human settlement - destroyed and rebuilt properly.

vaxx:
shut up, Any good report study will tell you straight, Ghana is well urbanized than kenya, and currently, Accra is the fastest growing africa city follow closely by ibadan( Nigeria). Houses are charged based on the area of location, there is value for property here. And you can quickly roll up your investment here particularly in real estate. The real reason almost every rich men are diverting into the business now. And again, Ghanaian are free minded people, we love our own privacy. everybody want to become a landlord , hence the reason for different types of structure.but With govt control area( they are law,) for example, bungalows aren't allowed to be build in airport city. Both 1 and 2. And by kind of fortune, Ghana recognised free own land and customary land, therefore we buy and build according to our Will. people can build a storey building and later add to it in a later year when they have they the financial strength. So, it is common to see a single room turning into two or full bedroom flat. The owner gradually add to the building as he or she can provide financially.

Giving institutions the option to build property only will only birth problems there will be lot of homeless people as many people will not be able to afford the kind of property a business venture has in stocks, or be able to finance it. Unless the rich only . And with a mortgage, it is really nice to be debt free, you can actually sleep well at night. We are not copying blindly.

Mad cow.

95% of Accra is slum. 5% is East Legon/Airport

Nairobi 95% of Nairobi land mass is great. 5% of land mass are occuppied by slums - majority illegally built in public land - river basins and forest edges - with people parked like crazy.

All the slum dwellers are victim of rural-urban migration - who arrive to find no formal jobs - that can sustain urban living - and should ideally be in rural areas farming if farming was profitable, good schools available, security and etc . It cheaper for gov to fix agricluture - and keep these people in their farms.

As for Nairobi versus any West Africa city - no contest

You can never really have a Nairobi versus Ghana picture or video contest.

It just not possible - unless you're a mad Ghanian

Just40:
Rants of a madman

Does this look like a sprawling slum to your glaucoma filled eye or it look like a well built community? That is what 80% of Accra and Kumasi communities look like. SUBURBAN Proper living.

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

Isn't that a reason why you can't post 90% of Nairobi? The shame of how slummy most part are is the reason why you can't post.

If you want, we can go community by community with videos , I have video of every community in Accra.


There is a reason why Your country comes out as the country with the largest slum population in Africa and there's also a reason why it is largely a village.

We have the infrastructure to move them quickly and that is why it is possible for them to live in their suburban dreams and be able to relax..

The rate of urbanization or optimal urbanization has nothing to do with Kenya. Look at China - it just got to 50 percent. Look at other countries.

Ghana, Nigeria, DRC and many Africa countries have a pre-mature urbanization that created sprawling slums.

Most of Ghana cities - including Accra and Kumasi - quick picture test - SLUMS - entire city is almost a slum to me.

Urbanization should go in tandem with Industrialization/Formalization.

You cannot cram people in cities without opportunities, infrastructure to move them quickly, sewage, water and all critical infra.

They are better off in the villages. Make the villages work for them. At least the poor can grow their own food - and live cheaply.

Just40:
The fact that Ghana is more developed than Kenya in every sector should give you an idea why we are more urbanized with commercialization in every community.


Your point 2 rant is just another rant all because Ghana managed to create beautiful communities with proper housing in it suburban towns where majority of the people choose to live because they are well to do.

Packing people in tin cans in Nairobi is abnormal, atleast there should be some kind of standard and not those nasty Soviet blocks

Nobody cares about beauty or wonderful. They want to win. I want you to address the weakness in the team. The team lost. You should devise a WIN despite and inspite of any rigging/unfairness. That basically mean NO EXCUSES. The press and Ghanians should not push that theory of we were stolen. They should tell Ghanian footballers they DISAPPOINTED. THEY FAILED. THEY LEAKED THREE GOALS in a world cup match. THEY SUCKED. THEY WERE BEATEN. THEY CAME OUT WITH ZERO POINT.

Now on the next game - they work on the weakness

vaxx:
whatever that rocks your boat, the fact remains that Ghana play a very wonderful football. Any good coach will tell you that . Our performance was at best but not enough. The earlier penalty sent a bad signal , demoralized the players but wasn't enough to stop them from firing a good two shot in. That is awesome . Our remaining two match will be beautiful as well.

Ghana is not urbanizing faster than Kenya. It urbanized long time ago. It prematurely urbanized creating slumpolis. Houses for rent, AirBnb, and any decent housing is expensive because there is no supply of decent housing. Almost everyone in Ghana just buys or get a plot - and build their own ramshackle without water or sewage - or even metered power. The main rentals available are normally corner or extension of the main houses.

Problems
1) Premature Urbanization - 50% plus urbanization at your stage of under-development is not good - half of those people should be in their villages digging or tending to goats.

2) Informal housing created sprawling slumpolis without decent formal housing sector.

Quick solution - stem any further urbanization and even reverse if possible - by making sure rural development happens - and most important start to formalize housing sector.

Let big insurances, pensions, real estate firms and others build huge uniform standard housing that are affordable to Ghanians - who should get very cheap mortagages. This is what Kenya is now doing. Someone from university should after 1-2yrs be able to get cheap mortagage - and be on rent to own.

Not every tom, dick and harry building their own thing.

vaxx:
The house advance rent payment option only happens in Urban area and because Ghana is quickly urbanizing, there is much more demanding in the central urban where there is major commercial activity hence the demand from the greedy landlord . Here in the north for instance , even sheep's and cow sleep in a big room , too much empty house. People are really moving to much more urbanized area. And it is on record Ghana is more urbanized than kenya .

At least Senegal has become the 1st African team to win a game -- against the hapless host. 2-Nil so far. The African team mental or psychological block continues. It can only be dealt by team focusing on their players mentality.

You lost. Football has no appeal mechanism. The last whistle ended the game. You focus on the next game or next world cup. The usual cries. Focus on what you could have DONE better. Things within your control.

vaxx:
To the idiot who said we should not throw the narrative of being robbed.
This is a statement from retired English referee.


“The VAR, in my opinion, should have gotten involved, should’ve invited the referee over to have a look at it,” Mike Dean, has questioned the officiating in Ghana’s 3-2 defeat to Portugal in the 2022 World Cup on Thursday. American referee, Ismail Elfath, penalized Mohammed Salisu for the least contact with Cristiano Ronaldo to award the two-time World Cup semi-finalists a penalty.
Mike Dean believes Elfath should have been invited to review the incident at the pitch side Video Assistant Referee (VAR) monitor, but that was not done. He continued, “I like to back referees all the time, but you can’t support stuff like that. You can’t defend the undefendable. “For me, it should’ve been overturned, he should’ve gone to the screen…100% it was wrong.”

Gov job is not do business.
That is just communist hangover that kwame Nkrumah infected you.
Ghana gov job is to build roads and such...pay Ghana teachers better than crap you pay...pay police better.
Why are you investing in VRA directly - why cant they not borrow on the strength of their assets.
Kengen in kenya - borrow to build dams - and kenya treasury doesnt care - unless the creditor ask for a treasury gurantee.
Even SGR is really loan by Kenya Railways - but of course that one has public gurantee.
Kenya Railways should be able to borrow using their assets - they own huge prime lands for example.
SOES unless debt is publicly guaranteed we are not obligated to save an SOE that goes down.
We leave it to creditors to sell it.

Just40:
Naa Ghana does not borrow uselessly like that.

You must have something to show for that huge borrowing and not just a loss making SGR..

Well according to the WB, you have to factor in SOE borrowings because your government becomes liable when they default.
This is the reason why you're at the IMF because your SOE debts brings your total debt to 105 billion dollars.

Ghana 54 billion dollars debt include all 101 SOE debts and the greatest holders of the debt are GNPC, Ghana Gas, Explorco, VRA and etc... All of which are companies flush with cash and are capable of paying the debt. None has defaulted on their obligations.

Various development that relief Ghana with 3 billion dollars hard cash yearly to be spent in other areas instead of outside the economy.

It just Fintech, Banking and Dangote.
Kenya it's everything.
East Africa Breweries - run brewers in all countries around here.
Kenya cement companies - have regional operations
Name any company and any sector - even selling eggs - kenya company likely to open a branch everywhere.
Kenya hotels the same - I think Nigeria has Eko Hotel brand now - that is some progress
Apart from the now increasingly hostile Tanzania

You dont have regional expansion. This began in late 1990s in kenya when our economy tanked and region started to grow.

Now kenya is going for continental expansion. Soon you will see kenya companies all over Africa replacing the retreating South Africans. Thanks to Africa Free Trade Area.

Let hope Ghana doesnt sink with Africa Free Trade secretariat

68816419:
Provide me any industry in any country in Africa, and I'll give you Nigerian investors for that industry. Nigerians work in the ICT sector in the majority of African countries, and Nigerian banks are found everywhere in Africa (4Nigerians banks are making profits in your country Kenya).
In most African nations, Nigerian businesses are the biggest investors in the oil industries.
Would you like me to bring up Nigerians startups, agriculture, or insurance?
1- In oil and Gas sector( Southern African) : ZCCM IH has signed an agreement with a Nigerian petroleum firm to explore for oil on two exploration blocks in Zambia.
2. in Banking sector , Angola (Southern Africa ) : Access Bank Plc has entered into a binding agreement with Montepio Holding SGPS S.A to acquire a 51 per cent majority shareholding in Finibanco Angola S.A, one the largest bank in Angola and one of Portugal’s well-established commercial banks

3. financial technology and payment card: Interswitch Group: (All East African NATIONS ) Nigeria platform who is rivaling Mastercard , the Nigerian payment card brand owned by Interswitch Group, Verve, has expanded its reach in Uganda , with a partnership with KCB Bank Uganda Limited.
4.

I gave one example.
Kenya gov has definitely borrowed more than poor Ghana. We borrowed 35Billion externally - 45B internally - so when it come scale you're not there.
And we dont factor borrowing from SOES - because SOES do their own thing - they borrow from kenya banks, foreign banks, or do right issues or sell their own bonds.

Unless kenya gov gurantees that debt.

Now for you - Ghana borrows - Worl bank gurantees- then you claim the money is for SOES?

The image I am getting is a primitive economy that you have in Ghana - where the line btw company and gov is blurred - now we hear crazy stories like gov is involved in profitable ventures . Kenya gov uses SOES to do such things and they are independtly run - and do their own stuff - only on few instances do treasury step in to gurantee their borrowings - otherwise if they go bankrupt - treasury can bail them or leave them to die.

Below are SOES debt that Kenya Public - treasury - guranteed.

That 750M dollars from EXIM bank was for purchase of Boeing Jets from US - they only become a liability if SOES default - I think KQ defaulted this year - and treasury has to pay. The good thing KQ has paid from 750 to only 80M remaining.

Just40:
you want to compare 700 dollars to 13 billion dollars?

The books are still showing debt because we're still borrowing to invest in more fuel securities for our economy and laying pipelines to various places expanding our economy.

Europe does not want to invest in fossil fuels and recommending Africa keep it fossil fuel in the ground but it is busy roaming around Africa looking for gas so it doesn't freeze ... Why don't they turn on their solar and wind power on to provide electric heaters enough power for heating?

So my govt have to step in to provide investment for our gas sector.

Banking & Fintech you're doing okay - but even simple things like Insurance you're nowhere.
Our banks are everywhere. Our insurance companies the same. Fintech the same.

Kenya in whatver sector - we have huge depth of expansions - because our companies have REGIONAL EXPANSION as their number one strategy.
When you do GDPS of these countries - remember kenya companies are one doing most of ttheir "private sector".

West Africa is not competitive - It's that Nigeria has left the French to dominate - and has not developed their private sector capacity. Thank goodness for bank reforms that collapse your banks to 18 - and Dangote - otherwise you're DEAD.

Example: Kenya Re-Insurance - this majority owned by Kenya gov - they did IPO for 40 percent few years go.

It has operation I think even in Nigeria.

Kenya Re is the oldest reinsurer in Eastern and Central Africa and serves over 265 insurances companies in 62 countries across Africa, the Middle East and Asia with over 50 percent of its revenue being generated from foreign markets.[2]

obaaderemi:
Banks, Dangote, Globacom, fintech, oil and gas. Is that not enough? But we will add more. Paga is already in Ethiopia, Interswitch is in East Africa, Sahara energy is trying to break into the east Africa market.

We may find west Africa a bit hard to dominate because west Africa is more competitive than East Africa. Look at the countries you mentioned and compare them to west African countries. Ghana is ahead of both Kenya and Tanzania', Togo is ahead of Rwanda, Benin is better than Uganda, south Sudan and Somalia. Cotedivoire is better than Ethiopia.

Then why are the books still reflecting Ghana owes all that billion if you've run profitable venture.
I think you're ignorant.

Kenya SOES - whatever sector - borrow money of their own - KQ borrowed close to a billion dollar to buy planes
Kengen - borrows from Japan - to build dams.
SOES borrow from US or China or France or Italy or UK or wherever
And unless it such a big sum - it's really their money - and their security - if they fail to pay - Japanese bank will come and take their asset.

Now on very few instance we have public gurantees - where Treasury accept to be gurantor of SOE - like KQ 700M dollars to buy jets.
This year KQ was unable to pay - Treasury will take care of them.

If you check our external debt register - you'll see KQ loan - under public gurantee - but anything else they borrowed that is their problem. They are almost 400 SOES/Parastals doing their own things.

Gov of kenya borrows to do what Gov should do - build roads, provide free school, healthcare - not invest.

Investment is separate arm of gov - and gov is just a shareholder - either alone or most of the time with others.

Just40:
in Our 3 years power crisis era.. we needed to inject huge capital to acquire new generating capacities and ensure our fuel security.... An investment size that only the govt can marshall quickly. So the govt the govt borrowed 13 billion dollars and put those loans on the book of all the new power ventures that it created .... 5 years down the line and almost all of them have finished paying back those monies and we have solved our electricity issues. Now all those assets are debt free and under collective management.

So the Govt was just a guarantor of the debt...

So as you can see... We don't spend borrowed monies on loss making ventures.

Learn and stop wasting Kenya expensive borrowed monies on loss making ventures and Kenya won't find herself in the debt crisis it is in

We been through this. It's Banks, Dangote, Globalcom & Fintech.
End of Nigeria expansion story. You dont even have companies dominating west africa.
Kenya it's almost every industry and by thousands of companies in almost 10 countries - Zambia/Mozambique,DRC, Burundi, Rwanda, Uganda, Tanzania, South Sudan, Ethiopia and Somalia. - then a few have expanded beyond that region.

68816419:
Provide me any industry in any country in Africa, and I'll give you Nigerian investors for that industry. Nigerians work in the ICT sector in the majority of African countries, and Nigerian banks are found everywhere in Africa (4Nigerians banks are making profits in your country Kenya).
In most African nations, Nigerian businesses are the biggest investors in the oil industries.
Would you like me to bring up Nigerians startups, agriculture, or insurance?

Once in a while when company grow too fast; they crush;
There is no big kenyan bank in trouble.
In Supermarket - Nakumatta and Tuskys - have been replaced by others - Niavas is now bigger than Nakumatt or Tusky ever got - they are approaching 100 stores.
When market is dynamic - not just Dangote - it does the magic

Nakumatt got to 65 stores; then crushed;
Tusky went to 75 then crushed;

Naivas is now market leader at 90 stores. QuickMatt follows with 60 stores. South African struggled but French Carrefour is nearing 20 stores and growing very fast

https://www.businessdailyafrica.com/bd/corporate/companies/naivas-to-open-four-more-branches-in-next-one-month-3992410
The upcoming stores will raise the retailer’s branch network across the country to 90 as its races to defend its market leadership against an aggressive QuickMart —which has opened 10 branches in the last 10 months.

KENYA – Carrefour Kenya, owned and operated by Dubai-based conglomerate Majid Al Futtaim, has opened its first branch in Nairobi’s central business district (CBD), heightening its competition against its rivals who have long had operations in the city center.

With the new addition, Carrefour now operates 19 stores countrywide with 15 located in Nairobi while Kisumu and Mombasa host two stores each.

68816419:
You mentioned someone opinion? . that Kenyans are notorious for making up information? What happened to your top supermarket and banks that falsely making profits across Eastern and Central Africa before going out of business in a few of years?

Nigeria cannot become anything when only thing you got is Dangote.
In kenya we have thousands of companies expanding in every sector including Manufacturing.
Tower Aluminium was started in kenya and run west africa roofing.

68816419:
just 7M dollars , Dream on while other countries around the world are pleading with Nigerian investors to come and invest in their nations, you name it from Manufacturing, Tech , Agric, Entertainment ......

As long as Dangote practise fair competition; doesnt replicate Nigeria mess; he is welcome to invest;
Look like Ethiopia has clamped down on Dangote
https://www.thereporterethiopia.com/26447/
The price of cement at the end market, according to this executive who requested anonymity, was over two times higher than what they have been selling. The factory was never responsible for what happened in the long market chains, as he explained.

68816419:
This is how you foster national development, Dangote, the greatest African investor in the majority of African nations, is assisting Zambia, Tanzania, Ethiopia..... in becoming self-sufficient and assisting each country in creating at least 5000 direct income jobs. oppourtunities

Someone opinion; Everyone got one.

68816419:
The funniest story ever . We all know that Kenyan businesses are notorious for fabricating data to make their products appear to be successful. Similar claims were made about your supermarkets' enormous earnings in eastern and central Africa, but the facts turned out to be false. "Renowned companies that collapsed during the year were once giant retailer Tuskys, Intercontinental Hotel, Shoprite and Choppies were posting false profits" .
Read more: https://www.tuko.co.ke/business-economy/435258-tuskys-kenyan-companies-collapsed-2021/

Okay that is cross.

POKUASI2:
bro I'm talking raw human waste in black rubber in front of kaneshie market ran over my cars.
This same kaneshie is one of the city centers
Secondi harbor, the entire community poo on the stones used as sea defense wall.
I mean the entire community!!

BasiGo - electric bus maker in Nairobi - get 7M dollars - total 11M funding. I hope this start of funding of EVs in kenya.
https://nation.africa/kenya/business/basigo-nets-sh806m-for-kenya-electric-buses-4022114

The company said it has so far driven more than 110,000 kilometres and carried over 140,000 passengers in Nairobi with two buses it piloted in the capital city, through Citi Hoppa and East Shuttle.

The company said it has already received 100 reservations from customers, and recently entered into partnerships with KCB Group and Family Bank to provide up to 90 percent financing for the purchase of electric buses.

Yes I watched a video of kenya girl - and she talks about the smell - when she landed in Accra. Ghana's Accra has been voted many times the dirtiest city in Africa. That takes some hardwork in being dirty. Now I can only imagine the rest if Accra is the best.

The problem is total lack of modern sewage system apart from old central Accra CBD

Then dumping of overflowing cesspits and soakpits by trucks on the oceans - and then flooding come - and dump everything everywhere.

POKUASI2:
that's how stupid they're.
I've been to almost every part of their country and know exactly what is obtainable outside ACCRA.
name any city or town in ghana that matter —I've not been to.
You only have a feel of a city on when you're in ACCRA.
The rest are like 14th century towns where people are yet to embrace modernity.
One thing that greets you wherever is that obnoxious smell of human waste.
I was at secondi harbor and the smell was so bad that it was extremely difficult to breathe.
The from there to takoradi mall, same story.
I was at WA, same story.

So why is Ghana gov borrowing on behalf of utility companies?
Why cant they not borrow money themselves?
Is the Ghana the gurantor? or what is the issue here.

As far as I know Ghana treasury took the money and used the money - and must repay the money

Just40:
Are Tullow debt or MTN debts guaranteed by the Ghanaian govt ?
You're really slow
Does MTN earn in dollars?

utility companies borrowed 13 billion dollars Which They've manage to pay off with the exception of a revolving 6 billion dollars.
Ghana borrowed 22 billion dollars to finance the development of it various oil and gas fields which are being paid off by it various oil and gas companies.


Kenya does not have this advantages so your debt has become an albatross on the neck of your govt and now Kenya is on IMF austerity death bed

People should buy Safaricom shares. Ethiopia is virgin market used to just a monopoly.

Wuoche:
Safaricom subscription has reached 1M in Ethiopia after only one month. Revenue after one month is Ksh 98M.

Madman - why would a Ghanian based company like Anglo Ashanti or Tullow or MTN pay for your gov debt with their hard earned dollars while their shareholders in London, Newyork, and Johannesburg are waiting for return of investment with same dollars.

Your gov has to pay it's own debt by finding it's own dollars. If not it has to buy. Otherwise companies will pay Ghana gov in Cedis for their taxes and royalties - the dollars they will keep them safe - outside the country - to protect them.

You can only grab poor cocoa farmers dollars because they are not as powerful as Anglo or MTN or Tullow.

For the rest - gold or oil - send their exports abroad - get paid abroad - keep the dollars abroad - send as much dollars as is necessary to pay taxes and keep their operation going on in Ghana. Only MTN type that get paid in Cedis is in trouble because they have to race against cedis to save something for their shareholders in Joburg.

Just40:
Our external debt is only 28 billion dollars which is effectively being paid by Ghanaian companies whose every activity bring massive amount of dollars.
This is why Ghana will not default in it liquidity challenge

You've been saying this for 2 years and your country collapsed withing that time frame and is on IMF debt bed.. I've not seen a country on ICU beds survive this long

Every banking institution is patiently waiting to loan Govt money and receive good returns but that is not the debt market I'm even talking about... I'm talking about Ghana making available all it money that it is investing into foreign markets and collecting peanuts in order to create it own finance market.

All of those countries you mentioned are better off because they've effectively ween themselves off the dollar drag

This kind of thinking is what has led Ghana to where it is.
You should have thought about this before raking in billions of external commercial debts.
Nobody is begging you to join IMF. Your economy is in ICU and any further delay means total collapse.
Domestic market - when you want to restructure local debt - who in Ghana will trust Ghana gov with their money?
Join BRICS - Russia is in trouble, south africa is broke, brazil a mess - only China is still standing.

The options you have
1) Cut the budget completely by half or more - eliminate deficit - stop borrowing completely - fire civil servants - downsize - stop all development. Balance the budget asap. Also stop importing lot of unnecessary stuff. Then start repaying debt - negotiate with external debtors - and after 5yrs - you should be good to go.
2) IMF to recommend a milder version of the same while assisting on humaniterian grounds.

Just40:
Reason why Ghana hasn't officially requested for IMF program
Ghana is assessing all the options available to her.

Ghana has 3 options (Ghana is in the Turkey situation)

1. Either Ghana capitulate to western banking interest(sabotage) in favour of mining interest and their nonsense ESQ policy advise which Ghana has refused to follow for 6 years now that has led to a downgrade of Ghana credit rating.

2. Ghana create it own debt market after building it reserve banking and carry through with the African own credit rating agencies that Ghana started recommending for from the beginning of this year.

3. Join BRICS

Nairobi has like endless world class properties people are willing to pay a million dollar for land alone ; that is called the most expensive real estate; Bangui take the prize with Ghana for renting out a shackle or tent for 100 dollars a night together with bedbugs and mosquito - that most expensive city to live in.

You cant find such in Accra or west africa - and that is like half of Nairobi - world class properties from city end to city end.


https://www.youtube.com/watch?v=4XzUa7ME4OE