Rvp2018's Posts
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This has never happen before. Some idiot in kenya gov decide to have fuel subsidy - that has messed up Nigeria. GeneralDae: |
400,000 deaths? or meant 4,000 road accident deaths. Jamestown123: |
Quote that Bloomerg article mad cow. Just40: |
Pure madness - especially base rate is 17.5 percent now - that mean commercial interest is 30 plus now. And dont be a fool like west africa - who get monthly interest rates - Interest rate is annual - and therefore if you bank quoted 10 - just know you're paying 120 percent. Ghana Bank Lending Rate - February 2022 Data - Trading ...https://tradingeconomics.com › Ghana Bank Lending Rate in Ghana averaged 29.59 percent from 2005 until 2018, ... is the average rate of interest charged on short term loans by commercial banks .. Just40: |
According to Reuters - you're teetering on collapse https://www.reuters.com/article/ghana-rates/update-4-ghana-imposes-record-interest-rate-hike-to-slow-inflation-idINL5N2VO30Q?edition-redirect=in Meanwhile, Ghana’s cedi has weakened by about 20% against the dollar this year, making it the second-weakest currency after the Russian rouble in a list of some 20 emerging market units tracked by Reuters. |
Kenya roads are heaven compared to your potholed moon like surface roads. Now tells me how you will maneuver the debt crisis - when already 2/3 of budget is going to paying debt. Cedis is collapsing. Interest rate is approaching 20 percent. Sound like you can teach Zim and such countries how to do this. Just40: |
Ghana the mini zoo hikes base interest rate from 14.5 to 17% as the cedis continues to collapse. Base/key interest= is what gov borrows at. You can expect commercial interest to be greater than 30 percent - as it must factor inflation, risks and profit margin. Seem they are heading for a crush! Ghana pays 2/3 of budget revenues for interest expenses. Second largest among emerging and frontier markets after Sri Lanka! Very little room for maneuver.. |
Nairobi the Africa Capital Center - Joburg seeing dust earlier than thought. Skycrapper roads and building.
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Your tax collection outside mineral is 5B or about - about twice Rwanda - with oil and gold - it goes to about 10B. Then your borrow annually about 7B to make budget of 17B. It's hard to have adult conservation with a mad cow like you. Just40: |
The same informal sector can be formalized. Formalized mean if it's hawking - they need to be registered - it's need to be orderly - probably organized into cooperatives - wearing uniforms - it need to respect the right of business owners - you dont just come and set up infront of someone else shop - who is paying taxes. They can also agree with shop owners on time to operate - maybe from 5 pm - when they close shop - they come and set up in the streets. This what happens in most developed cities - street vendors are allowed to operate in late hours and weekends - then they fold their stuff and disappear in the morning- and then 8-5pm - you let formal business generate taxes. Otherwise you gotta Ghana like situation with formal sector totally non-existent - and cities look like cattle kraals. Your have almost zero tax collection outside minerals like Nigeria - because formal sector pay taxes - the street hawkers cannot. Just40: |
Yes the Maasai do once in while come to Nairobi during drought season but Nairobi expressway a year and half later is 98 percent complete https://thebftonline.com/2020/07/03/masloc-disbursed-ghc92m-micro-loans-in-2019/ vankelvin: |
Informal sector can never create any real wealth - it's create floating middle class - that is one COVID away poverty. This is what is happening in Kenya and many countries now. Real wealth will start when we transition the economy from informal to formal - so incomes are more predictable. Why would owned operated transporter belong to labour union - who is their employer? Will they ask the commuters to raise their money or you mean the transport conductors/drivers? As always you made tortured arguments like a mad man. Just40: |
I checked Masloc loan - it's a joke - less than 10M dollars annually - big joke Just40: |
Yes part of kampala are very decent - yes Ghana is extreme. It's like Ibandan city popizaino: |
Tortured arguments. In kenya informal business are slowly giving way to formal. Informal retail and wholesales -Kiosks - giving way to supermarkets and malls. Now Kenya is second to South Africa in formalizing retail sector - Naivas just opened their 85th supermarket. Informal transport - Matatus or Trotros in kenya have been formaized into Saccos. Every Matatu in kenya must belong to SACCO, driver and conductor must wear their badge, and their uniform. https://www.youtube.com/watch?v=sW7HkMuTkCY We now have problem with Okadas/boda-bodas/motorcyles - that we need to tackle. Ultimately progressive countries should find a balance - Rwanda has gone to extreme of almost making informal business illegal - Ghana is total chaos with every little space invaded by street vendors. Just40: |
While the informal economy can provide a temporary, imperfect social safety net, benefits of formalization are clear advantages for informal businesses to move out of operating in the shadow economy. https://blogs.worldbank.org/psd/out-shadows-unlocking-economic-potential-informal-businesses/?cid=SHR_BlogSiteTweetable_EN_EXT via @worldbank Just40: |
Accra remind of Kampala. Seems everywhere is just informal business in-front of formal business. Must be tough being a formal business with kiosks, street vendors and hawkers - paying zero rent and blocking your business - and outcompeting you. popizaino: |
Which part of US or UK - You guys have your priorities upside down. These things people buy a newspaper advert - obituary and they get done with it. Muslim dont even have time for that.Just40: |
The crazy part of this video is where they put billboard to announce funerals crazy Ghanianshttps://www.youtube.com/watch?v=sDe3fczLydM |
Ghanians are crazy salty and small minded minnows best exemplified by those who are in this forum. vankelvin: |
You have built 300kms of electrified rail Ethiopia have built 750km electrified rail from Adis Ababa to Djibouti port. Obviously in terms of standard - both Adis & Dar rail are class 2. MSA - Naivasha is class A - and already does way better than Ethiopia in revenues and cargo. Kenya one is approaching 200M dollars of revenue - while Ethiopia is at 50m. Kazikazi: |
Adis-Djiboutti is longer than your 300km line Kazikazi: |
Only in the zoo https://twitter.com/BBCAfrica/status/1501641276910940163 |
Kenyan tycoon acquires Tanzania tea firms for 133bn/-https://www.ippmedia.com › business › kenyan-tycoon-... 20 Mar 2018 — Through D L Koisagat, Langat now owns 99 per cent stake in Mufindi Tea and Coffee Limited, Rift Valley Tea Solutions Limited and Kibena Tea ... Kazikazi: |
LDC is based on GDP per capita - and West & Central Africa mineral rich countries have "inflated" GDP but poverty is different story. It's Equatorial Guinea type of mess. vankelvin: |
Wheat... Post estimates South Africa could import around 1.6 million tons of wheat and wheaten products in the 2020/21 MY, down 400,000 tons from the 2million. Rice - I think you produce almost zero and have to import it. jl115: |
In short you're self-sufficient in maize but not wheat. jl115: |
The Zoogerian is indeed confused. Here is some data to help you understand how a country that is Semi Arid and Arid (89 percent) is able to do better than Nigeria that is almost entirely arable. Nigeria ranks way below South Africa, Ghana, and Kenya on Global Food Security index 2021. According to the report, South Africa (with 63.1 points) scored better than Ghana (60.0 points). Kenya (47.6), Uganda (41.5), and Nigeria (32.5) obaaderemi: |
How else do you explain the hopeless situation in many African countries where reforms and any progressive movement forward have basically stalled almost forever. Classic case in point - Nigeria electricity problem...you can almost guess the situation will continue for the next 30yrs. The same with endless fuel shortages. I can understand the intricacies of fighting corruption and crime amidst deep poverty where opportunity for honest reward is far and wide. But I cannot understand how years after years some easy to fix problems cannot be fixed? We must never accept the status quo in Africa - because it's terrible - it's horrible. Countries must continuously progressively fix their issues. If their political governance system is unable to fix almost anything then it's almost certain there will be war and coups. kikuyu1: |
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like Ghana is the only country with ugly side Or what?