₦airaland Forum

We wont join Ghana in the miserable club.
Go to bed - your puny brain is overheating.

vaxx:
You are the nincompoop arguing the obvious here . You failed to agree you can't pay salary , you were arguing otherwise not until I bombard you with lot of evidence from your fellow countrymen , you are the Idiot with disjointed brain .


It is either you default on your debt or you stop paying salaries that is how bad your inept govt has become . You pick the latter zombie

You wait until Codeine has subsided in your bloodstream - and you'll see is very illustrious careeer. The stuff he has written are all over.

Only a Ghana slowpoke would question an Ivy League proffesor of Economics.

That kind of anti-intellectualism is either borne out of total madness or drug abuse or poor education.

vaxx:
lol...I am also on Wikipedia . Show me his literature that is what I ask you to do not his biography . You are even more stupid showing me wikipedia page of him .


Didn't he has published work

https://en.wikipedia.org/wiki/Steve_Hanke

After the codeine has worn off.

vaxx:
You are the monkey here. You know indeed there is nothing of such existing anywhere so you want me to spoon-feed you known existing material.


The guy is unknown and if you are confidence that he is known. Show us any of his financial literature

Ivy league proffesor must publish regularly or they lose their tenure.

Dont attack the messenger....your country is BROKE.

All credit agencies have it at D - DEFAULT

vaxx:
it is because you are so stupid and knows very well nothing of such exist .


You are the one mentally handicapped here

Did you really understand what Dr Ndii is saying there or the English is too much for your puny brain.
He is saying what I have been saying.
That there was cash crunch...as maturities for debt had bunched up...
That is temporary problem.
Of course Kenya has to get out of spending 60% of revenue in debt servicing.
We have to go back to below 33%

Again nobody denies kenya macro-economics are not SOUND.

Ruto is the president for exactly that reason - he told kenyans - we were going bankrupt like GHANA - unless we change.

So we are dealing with WELL KNOWN PROBLEM - and we have solution for it - that excludes defaulting like Ghana morons.

vaxx:
just shut up and bury your head in shame

Are you so mentally disabled you cannot GOOGLE.

vaxx:
refer me to any of his literature

Proffesor of Economic in John Hopkins - IVY league - one best universities in the world is a NOBODY. Ghana madness.

vaxx:
I have ask to tell me who knows him . He is nobody .show me any research paper he has written before . We are not handicapped like kenya

That is politics. Azimio were trying to play cheap propaganda. And gov just told them they left empty coffers.

What is not in dispute is that your employees and you need now almost double the cedis to survive.

You had salaries delays as early as Feb 2022

vaxx:
kenya for now it is far worse . You cant pay salary . And the only blame for that by your govt is the last regime . What an inept govt

The latest from Steve Hanke

#GhanaWatch: Under Pres. Akufo-Addo, economic freedom has deteriorated. As a result, GDP per capita growth has crashed. Ghana should turn to the Singapore Strategy (stable money, NO FOREIGN AID, protection of private property & a small efficient govt) instead of the IMF.

Find kenya in this list of shame

Ghana is beyond inept - it bankrupt.
Inflation is at 63%
It with Zimbwabwe.
That mean your gov is printing money to pay your with useless cedis.

vaxx:
Ghana is not an inept country like kenya . I have thrown too much evidence for some with half decent brain to understand but a nincompoop like you will still argue because it brushes your ego. Citizens if a broke country.

This is an evidence coming from the economic advisers of your country . It is not about I know , it is about what is the real fact.

Beside kenyan are okay with inflation at 9% - single digit
Now Ghana with inflation at 50% officially - 90% unofficial
Even if you're paid - you wont afford many things

That 90% inflation can only be due to Ghana gov printing CEDIS to pay salaries.

At least youve increase salaries by 30% before IMF docks

https://www.reuters.com/world/africa/crisis-hit-ghana-increases-public-servant-salaries-by-30-2023-01-12/

You're NOT putting evidence of teachers complaining about pay.
I know 20 counties who haven't received that 60B KES due.
This very normal in Kenya.
This happen every year. Counties are suppose to raise their own revenues as they wait for gov to send equitable share.
And once in while we have cash crunch - as we are still functional country where gov pays salaries on 23rd latest.
Way before the end of the month.

In some countries like Ghana and Nigeria - I am sure salary delays like this are NOT NEWS anymore.

Google.

vaxx:
like I said yesterday , you need free education. Your teacher were the first set of civil servant to complain about salary delay if that will make you familiar with the word echoed ( giving sound ) it is a literary meaning to what your civil servant did.


Your civil servant are not receiving their salaries . It is fact from your govt officials and not the unexisting madness you are trying to portray . Idiot

Below is the evidence of five months salary delay

You dont become first and echo.
Go back to school. You ECHO what someone has said. What kind of education system did this injustice to you Ghanians.
Kenya teachers have one of strong unions...union with 350,000 teachers would have cried murder.
Teacher in kenya get paid before the 20th.
Of course the security force got paid.
That is already 500,000 out of 700,000

And parliament were paid.

vaxx:
Your teacher were the first to echoed salary delay before all other civil servant begin to shout on top of their roof . They can't stomach it again . In some counties , workers are even advice to stop coming to works . That is how bad the situation has become .

Even your govt are blaming the last regime has the the man problem and he reason for this madness . Your govt is clueless on what to do.


This is coming from your officials

Usual Ghana madness.
Kenya gov has 700,000 employees consisting of half - 350,000 teachers - none missed their salary - they got it weeks ago.
Next is security forces - army, police and related - about 125,000.
So far I have only see one gov agencies - the election body - that had their salary delayed.
And I hear 20 counties complaining

Go to Twitter and try find kenyan complaining about missing salaries.

vaxx:
The only country that is broke here is kenya . You are the only country unable to pay your civil servant . The only country struggling to access dollar . not Ghana or Nigeria .

You have two options to pick says by your economic advisers . It is either you stop paying debt or you stop paying salaries . You choose the later . Very inept approach . Killing your fellow country men . Now you are not different from your neighbor somalia .

A week delay in some salaries is nothing compared to Nigeria - a zoo - where people can go for years without salary or pension.

68816419:
This is sad

You're only broke when you default on your debt.

What kind of education did you receive in Ghana or Nigeria?

Dictionary - BANKRUPT- (of a person or organization) declared in law as unable to pay their debts.

Kenya paid it's debts.

If we stop paying debt - we would have join the list of shame - that now has Ghana, Zambia, Ethiopia, Chad, Mali and who else?

vaxx:
idiot , your govt is broke , no coins to pay your workers idiot . Stop projecting what is not going to happen. You are broke and there is virtually nothing left in your pocket as a nation of 54 million people . Is that too hard to understand . Maybe you need swahili meaning of broke or empty pocket . Over five months salary is owned by your inept govt. You idiot.


Everything is finished says one of your govt officials .

No salaries were withdrewn (whatever in English or Twi that supposed to mean). Some salaries were delayed last week and will be paid next week. Do not think every country is run by morons like Ghana.

vaxx:
But withdrawing salary is even more deadly and stupid approach to solve empty pulse . You have nothing left yes we know, but you can't kill the elephant for the purpose of having goat soup . It doesn't works that way . Your civil servant are the anchor of your economy . By withdrawing salaries from your formal sector you have indirectly handicapped the informal sector as well. Simply because it is what is available in the pulse of civil servant that will be spread across the country . Doubling their problem . Money doesn't fall from heaven . IMF is a very good option , they will come and introduce financial stability in the country . You are also postponing salary too. for the fact that you are not paying now , you will still pay later but by then , you will have sunk deeper in poverty. Missing the millinium goals development agenda set by UNO. Go check Ghana figures on the sheet


Your country has lost it all , your domestic market cant even trust you.

So we wait for one main street - while Tatu city has expanded to 5,000 acres.

PROVERBZ:
child's play. Wait till u see what's going on at alaro city.

The main boulevard is a beauty. As soon as pictures are out I will post.

South Africa political trouble just got started.

Look likely ANC-EFF will merge - and prolong the incompetence of ANC

https://www.news24.com/news24/politics/government/anc-eff-continued-alliance-sees-another-da-mayor-removed-in-gauteng-20230404

I normally focus on the other people who might read it - and use his madness - as opportunity to explain things.

Saddamochieng00:
Your patience is on another level. You and schizophrenics' caregivers deserve a special place in heaven.

Kwame collapsed Ghana economy.
He took over one of few thriving British colonies (together with Nigeria)
And by 1962 had proven Brits right when six year later Ghana became BANKRUPT (like now)
He couldn't pay salaries including the army.
The army predictably overthrew him in 1966
Invited IMF to fix Ghana.
IMF have never left Ghana.

How did Nkurumah bankrupt Ghana
He first enacted a communist dictatorship
Next he went on ambitious volta dam - way above anything Ghana could finance.

Ghana had 1.2B dollar economy then (one of africa highest backed by gold and cocoa) -
what does Kwame do - take almost 1billion dollar loan to build volta/Akasombo dam.
That kind of overleveraging has one outcome.

Outcome BANKRUPTCY
Outcome Military dictatorship

Ghana to this day is yet to learn the lesson of over-borrowing or over-leveraging.

vaxx:
Most of kwame nkrumah development agenda went off when he was kick out of power. Ghana was already head starting and having a system comparable to india ad indonesia back then. Everything collapsed when kwame nkrumah was kick off from power.

You're a perfect Ghanian slave for your King.

vaxx:
Even the king loves to play golf .

Asantehene of ashanti kingdom himself

LOL.

QuietMynd:
Go have a back seat.
They re highly industrialized but not developed, they re still a developing nations.

And Taiwan is not developed. This forum has a lot of mad people. Middle east are developed.

Kazikazi:
Son, I got many stuff to teach you

South Korea is developed and Malaysia is almost there,anytime they will upgrade her as a developed state

And all of them are in the far east not the middle east.

Now thank me for this big teaching I gave u

Nairobi for long time lagged behind in non-motorized transport - now everywhere I see - it catching up and becoming a truly world class city.

300M dollars to be invested in pavements.

This kenyan drove his car all the way to Nigeria

This must be the worst and MOST dreaded road in West Africa, yet the only road - you must take it or ship out, literally.

In my next thread, I will share why this 60km road takes travellers 2 days to drive.

Ethiopia about to open up at least 30% of it's virgin banking sector. Kenya banks circling the 120M people country.

Ethiopia plans to allow overseas lenders to acquire up to 30% in its commercial banks.

Also:
—Foreigner individuals can buy 5% in domestic banks.
—Foreign banks can set up subsidiaries or open branches.

Once we get Ethiopia and DRC - we wont need AFCAT - west africa is a waste land mess - Nigeria is impossible to do business in. South Africa control the southern region and going to be hard for kenyan firms to compete against

I predict Nigeria will file for bankruptcy this year. No way with revenues of 10B dollars they can fulfill debt obligation. They will join Ghana soon.

The East AfricanRest Of Africa
Nigeria’s debt at $103b, GDP wanes as inflation, redundancy rise
TUESDAY APRIL 04 2023

President Buhari and his Vice President Osinbajo
Nigerian President Buhari (right) and his Vice President Osinbajo. They will leave office on May 29, 2023 bequeathing an economy hit by debt, inflation, unemployment and poverty to their successors. PHOTO | PRESIDENTIAL VILLA

Summary
A report revealed that Nigeria’s inflation rate will average 20.5 per cent in 2023.
Data revealed that debtors who owe Nigeria’s government agencies refused to honour obligations but were still being paid.
Nigeria expected to spend 60 percent of its total revenue on debt servicing in 2023.
ADVERTISEMENT

General ImageBy MOHAMMED MOMOH
More by this Author

Nigeria’s economy is weakening as its total debt climbed to $103.11 billion with spiralling inflation and unemployment. The dire economic situation is what the country’s outgoing President Muhammadu Buhari would hand over to the incoming president on May 29, 2023.

According to Nigeria’s Debt Management Office (DMO), the total public debt stock of the country consisted of the domestic and external debts of the Federal Government of Nigeria (FGN) and its 36 state governments.

Advertisement

DMO in a statement on its website took a comparative debt stock and reported that Nigeria’s debt as of December 31, 2021 was $95.77 billion. In terms of composition, DMO said the country’s total domestic debt stock stood at $61.42 billion while total external debt stock was $41.69 billion.

“Among the reasons for the increase in total public debt stock were new borrowings by the Nigerian government and its state governments, primarily to finance budget deficits and execute projects. The issuance of promissory notes by the country’s regime to settle some liabilities also contributed to growth in the debt stock,’’ the office said in its latest release in Abuja

https://www.theeastafrican.co.ke/tea/rest-of-africa/spiralling-debt-weakening-economy-of-nigeria-4184064

Finally you got power. I want to wager a guess Nigerians are on blackout

AfriqueDuZuid:
Sometimes you don't have to answer to every idiotic thing that is said in here.

Airline business is tough.
Even Kenya cannot hack it - sembuze Tanzania - you're hopeless
I saw Samia shouting about 87M dollar cargo plane?

Yes KQ and SAA - both struggling - might create a pan african airline to benefit from Africa open sky.

Otherwise soon flying within Africa will involve getting out of Africa first.

Kazikazi:

Airbus A220 were grounded due to engine problems. I think Airbus were wrong to use Pratt & Whitney engines,they should have used General electric.

So the airline was short of aircrafts, plus corona story made it hard for them.

Anyway,How is KQ? You wanna join SA airways?
A blind to lead another blind man...?

Kazikazi - Explain why your airline is making losses.

Air Tanzania reported losses of TSHS 35.2B in FY 21/22 [FY 20/21 losses were TSHS 36.1B]. Flight delays contributed to 25% of these losses.

Only Ghanians morons build interchanges - instead of build roads with interchanges.

Just40:
Your slumpolis will never get there if you don't start buying better stuff


Build more roads and interchanges, Kenya needs more proper interchanges like these... I know it will send your country deeper into debt but you have to find a way of paying for them yourself so you don't have to stop infrastructure construction because you're bankrupt


https://www.youtube.com/watch?v=lIzd2GJO4n0

https://www.youtube.com/watch?v=8Ke5owzlsOw

https://www.youtube.com/watch?v=cHHA23ll0BY