₦airaland Forum

rvp20182:
I can handle your zoo and mini zoo without any help - because I pack a brain bigger than all of you combined.

Remove all crude oil - and what do you have in the zoo?

My friend Elijah has done some analysis

That dude is all about allies, who defends who, making noise and massaging Ghanian @ss. He's so insecure.

Just40:
was your expressway under construction 5 month ago ?

See the mess under
https://www.youtube.com/watch?v=QFqW6h4jOXQ

You guys can't seem to get anything right

I've watched the video and It's fine - better than anything in Ghana. Now, What is your issue? And as I had told you, the lower section of the road is CURRENTLY under rehabilitation. I don't know why you're struggling to fathom simple logic.
Again, I asked you to post the expressway, not the destroyed lower section of the road.
I am even glad to see a grass plantation. That is one of the recent upgrades on the sidewalks.

Just40:
I don't blame you, your maths is not good, do I blame the education you had

There is nothing like maths in this case. You got 68% from a source(picture), you didn't calculate anything. So don't spew anything that comes into your mouth. 81% is the real data on the ground. IMF, your biggest lender, is giving you 100%. World bank is projecting 104%.. It's just a matter of time before your short president comes straight with the facts.

Just40:


Why will someone from a country with almost 3 times the paved roads you have in your country cry about a poorly executed contract?


Turn the camera around and the mess behind.. I know how they use cameras to deceive you fools.

Or do you want me to post a video ?

What has that got to do with anything?

Posting expressway under construction will not make the cedi balloon towards USD. Cry slowly. Don't show your tears to the world. Kenya is not the reason why your mini zoo is doing terrible.

If you have to post the video, post the video of an expressway... Not the lower section that is undergoing rehabilitation. Lower sections were destroyed during construction. We're currently fixing it.

Just40:
which one is outdated figures ?

You just dumb.. The same KenHA is telling you on their website that only 13,200km out of that is paved ...

That's their website with the figures
https://kenha.co.ke/about-us/

It will take you decades to catch up with Ghana 44,000km paved roads network

I know glaucoma is doing you. I've given you a glimpse of the recent Kenya road network report which is in charge of both roads. KeNHA is doing 21800km, Kura is doing 2500, kwr is doing 2340km... That gives you 26k km there about. Ghana still doing 18,068km. We are not mates my dwarf friend.

Just40:
and here is the actual

crap. Your real debt to gdp is 81%.

Just40:
yet most of Accra drains are covered and all road construction since 2017 has come with covered drains..

Meanwhile your country just paid a billion dollars for this road and the drainages look like this

Do you have glaucoma or something? Why are you posting a road under construction?

Don't wail. When I see a zombie starting posting trash(slums, garbage, porholes, trash), I know the niggah is desperate, jealous and crying.

Just40:
so should we check Kenha website for the paved highway length?

Anyway, as at 2018 Kenya had 12,950km of paved roads and only 4,300km was in good condition and only 122km new roads was under construction....
https://allafrica.com/stories/201812120066.html

Like we've seen in several of your govt report, it is only able to construct(paved) less than 200km of roads per annum

Your highway authority says it has 13,200km of paved roads

Outdated figures. We're in 2022. This is the glimpse of the official Kenya road network report 2022. Don't post stories. Just build your small zoo and kill the noise.

As you can see, roads under KENHA is 21800km. Ghana will not achieve that in the next 5yrs.

obaaderemi:
Everything is expensive there. The reason is not farfetched, foreigners control everything in Kenya.

You're here to fight for this dwarf or you want to contest for word wasting trophy, 0buffoon?

Just40:
Most of Accra drainages are covered.. I know that is strange in Kenya hence the eyesore you guys created with your expressway.

Good you've realized you're just a loser on all front

Go Lie to your intellectually dwarf caliber. The accra we know can be a case study for open drainage systems that breed diseases. Open defecation is extremely high in that small zoo.

Don't be jealous of our expressway. A normal Ghanaian in the grand scheme of things can only view such magnificent infrastructure in a dream - I get it.

Justto zombie.

https://theconversation.com/ghana-and-the-imf-debt-restructuring-must-go-hand-in-hand-with-managing-finances-better-191877#:~:text=Ghana's%20total%20public%20debt%20as,was%20US%2428.1%20billion%20(GHS203.

Just40:
78% in 2020 and 68% in August 2022 get current...


Next comparison

Hahaaa... These are the figures for 2022. Lemme give you the link.

https://theconversation.com/ghana-and-the-imf-debt-restructuring-must-go-hand-in-hand-with-managing-finances-better-191877#:~:text=Ghana's%20total%20public%20debt%20as,was%20US%2428.1%20billion%20(GHS203.

Bloomberg is saying 81%.

Just40:
I'm comparing paved network and you're here mentioning dusty roads? While Kenya highways has only been able to pave 9,000km of it network.... That's is 1/3rd of what Ghana has.

Good luck to you rising from 18,000km of paved roads to 40,000km when you country only adds 200km of paved roads per year.

The rest of your write up is thrash

Dude, Kenya is not ghana. I can give you an official website of 21,900km of paved kenHA road network. I don't throw random numbers like you.

And read to understand, don't read to respond. I said our target by 2024 is to hit 40k km. That is achievable if we add 7k of new roads yearly.

rvp20182:
Yes - both Ghana and Nigeria had huge debt forgiven - but here they are - indebted to their gills - and almost both have no viable plan to pay off it. They simply dont generate revenues needed to pay off debt.

They are now claiming their reserves will pay for it. DRC would already be 1st world.

Their leaders are incompetent for the task. I don't know if it's the waffas DNA of being dumb that is playing around or they are just extremely corrupt. A country like ghana should not even be talking about debts. Nigeria with huge oil resources should not be struggling.

Just40:
you're afraid of facts keep running

Bloomberg was the one who told us your servicing cost is 14 billion dollars this year... Are they also posting nothingness?

I got the 70% figure from bloomberg. Your debt to GDP is currently 81% as opposed to previously purported 68%. So basically, you're playing around 78- 81%.

Check this out.

By the year 2000, the government of Ghana had borrowed so much that the country was in debt distress. It then subscribed to the Heavily Indebted Poor Countries initiative of the International Monetary Fund and World Bank. Consequently, much of the country’s external debt of over US$4 billion was written off by creditors. By the time the initiative ended in 2006, Ghana’s total public debt stock was US$780 million (25% of GDP). The debt stock has since risen by 7000% to $54 billion, which is 78% of GDP. The current debt to GDP ratio is 78%, while the average for developing countries is 60%

Just40:
Every African country have an infrastructure deficit... That of Kenya is even greater than Ghana.
Just look at how many roads your country have to build and you'll have an idea of the disaster you have.

You keep screaming drought yet you have enough water to pour into the ground and enough water just to grow tea... Meanwhile Egypt is more dryer than your country but they meet all their agriculture needs .

Do you even know how much Ghana had to spend from 2000 to 2012 just to fight desertification to make it possible for food to be grown in northern Ghana?

Borrowing 80 billion dollars and adding another 10 billion dollars just last month with nothing to show for it only indicate how backward your country is

Man, I'm talking about Ghana's infrastructure deficit in comparison with Kenya. Ghana is a jungle of emptiness and slums. No serious world-class infrastructure development can be traced over there.
KENhA(kenya highways) alone has done 21,900km of road network. That is way above the 18,068km total ghana network. If you add kuRA, kws, and the rest, you arrive at more or less 25k - 27k km. When uhuru left, there was about 10,000km of roads under construction, and some proposed. So by 2024, the goal is to hit 40k km. I know ghana has no extra money for development unless they borrow, which is not favorable for their collapsing economy & valueless cedi. That means, they will never catch up with Kenya in their entire existence, unless miracles happen.
Kenya spends ksh70B( $0.69M)on road maintenance. Little Ghana can't hack that!

In the case of drought, you need to pump more money to counter the situation. That is an extra monetary task that does not guarantee success. Ghana has no reason to pump borrowed billions of USD on dam construction, neutralization or desalinization of saline water, piping, and maintenance. You have gold to grow your economy, you have no people affected by drought, you literally have everything. Why are you backward? Why are you wallowing in debt and poverty?

Just40:
Such thrash of a write up ..

Why do you think when you type plenty, then you may sound sensible?

Ghana debt servicing is 2.7 billion dollars, explain how that is 70% of revenue... I don't blame you I blame the poor education you got

Kenya debt servicing is already gulping out 74% from your revenue 14 billion dollars is going to servicing debt this year.

Kenya debt ceiling has already been increase to 10 trillion in order to allow your next govt to borrow.... Get ready for your debt crisis to get even worse. Won't that be like 95% of GDP?

You've wasted your time, bundles, and energy posting this bunch of nothingness.

vankelvin:
[/b]
There he goes again with his 1845 mentality. Even desert countries are transforming their deserts into farm lands. They are making use of the sea and any water body available.

What is k-nyansh also doing with this water body in the heart of your so called arid land?

I was going to respond to this, but you've just proved to be an obtuse already, from your one on one conversation with Rvp. My respect towards your intellectual capacity has dwindled. I now view you as a noise maker with an extremely low IQ.

GeneralDae:
As of June 2022, external debt constituted about 50% of total public debt, up from 45% as of March 2013. The more expensive commercial debt comprised more than 25% of the external debt as of June 2022.

In real terms, the external debt burden has worsened due to the persistent fall in the value of the Kenya shilling and the economic slump that followed the COVID-19 restrictions.

The worsening overall debt burden has prompted the International Monetary Fund to downgrade the country’s debt risk from moderate to high in 2020 just two years after downgrading it from low to moderate in 2018. The downgrade of a country’s debt risk makes it more expensive for the country to borrow, leaving it with less to spend on other economic programmes.

Again, you're still copy pasting the same yet-to-be-approved nonsense(blog). Our debt ceiling is still 55%.

National government finances are governed by the Public Finance Management (National Government) Regulations of 2015, which set the ceiling at 50% of the present value of GDP. The national Treasury has recently proposed to change the limit to 55%.

You should have copy pasted everything. :

KEY WORDS; PROPOSED!!

The proposed change translates to a debt ceiling of about KSh8.579 trillion for 2022. This figure is calculated from the official forecast for 2021 economic production of KSh12.1 trillion and its projected growth rate of 5.9% during 2022.

Kenya has already broken through the proposed ceiling. The national Treasury estimates the present value of Kenya’s public debt as a proportion of GDP for 2022 at 64.2%. This figure is higher than the proposed ceiling of 55%.

JUSTO ZOMBIE here is your answer:

The high debt usage has driven the cost of annual debt servicing to almost 54% of domestic revenues. This is an increment of 14% compared to 2020 when the ratio was about 40%.

We spend 54% on debt servicing. Ghana spends a whopping 70%. You have no space to breathe. You can't develop any further.

Just40:
Tell that to the tourist complaining about your roadless country because you guys only have 16,000km of paved roads.

Ghana is only spending 30% of it revenue to service debt...2.7 billion dollars.. that's not debt distress. Ghana is facing a liquidity challenge which is politically inflicted.


Kenya is spending 74% of revenue yo service debt.. that is what a real debt distress looking like
No wonder you have defaulted.

SAVE WORDS.

Try to be constructive with your submission. I'm not here to contest for word-wasting trophy.

You can do that with your dogs.

Just40:
I guess you debt know what EFF and ECF are .. that is what a bailout is

With all the resources in Kenya, you're in your 24th IMF bailout and still want to borrow more

Ghana debt is 54 billion dollars which is peanuts money

Divide $54billion with your population. Then give us the per capita findings.

Don't argue like an obtuse.

Also, your have an infrastructure deficit, no drought, Gold... Factor in those.

GeneralDae:
.


Kenya’s newly elected president, William Ruto, has earned more legal space to borrow for his grandiose economic plan after parliament recently raised the country’s public debt ceiling to KSh10 trillion (US$100 billion). The new administration says the country is broke but Kenya is already living beyond its means and the World Bank has warned of a high risk of debt default. We asked Odongo Kodongo, a finance scholar, to explain the debt ceiling and why Kenya needs to pay more attention to it.

Debt ceiling still stands at 50%. Don't post propaganda.

.

GeneralDae:
Lamba


Save the lecture and export more than tea.


Where do you guys get this false information from? Nigeria has a debt of 102 Billion dollars presently. 40 Billion dollars are external and 62 Billion dollars are internal.

Your total debt has increased from $100B to $103B as of March this year.

https://www.reuters.com/world/africa/nigerias-public-debt-rises-103-billion-second-quarter-2022-09-20/

Ohh yeah, $63B domestic debts.

So fix your zoo. It has more problems - slightly better than DRC.

Just40:
everyone can read except you ...

Keep writing thrash while tourist are busy thrashing your roadless country

Our road quality index is waaay above Ghana. Don't spew nonsense with your 18,000km road network.

Ghana is in debt distress. More than 70% of your total revenue goes to debt servicing. You don't have money to expand your road network.

Just40:
You forgot to add the 2 bailout you signed unto last year ..

That should bring you to. 24... Good boy

From your @ss or what? Do you know the meaning of BAILOUT?

Ghana with all the resources and infrastructure deficit is wallowing in debts( with 17 straightforward bailouts) how does this sound to you?

Kenya needs IMF more than any west African country. Ghana is not drought-infested like Kenya, why are you borrowing too much?

GeneralDae:
Kenya with Tea as their biggest export is having a debt profile of over 80 Billion dollars close to that of Nigeria (100 Billion dollars). Madness.

Your tea stance does not make sense!

without human intervention, tea will not be produced. Minerals are free gifts. You just need a white man to come and extract it for you, then boom! Dollars left right center. Farming requires human effort; brain and strategy. Farming is part of cerebral-driven economy.
Your ZOO; Nigeria, has been extracting oil ("free" gift from nature) for a whopping 70years. I expect Nigeria's poverty rate & economy to be at par with her peers, UAE, and whatnot.

Reduce poverty rate before we can have a conversation. You can't have a huge GDP with low HDI. Focus on human development. Your currency is terrible. You're the disgrace of Africa.

Kenyan total debt(both external & internal) sums up to $72B there about and on a downward trajectory.
Nigeria has $68B in external debt alone, which is nearly double that of Kenya. You should get worried about your external debts - since your currency is going to dogs.

.

Nairobi City. From a resourceless country.
Brainpower economy.

vaxx:
you are so outdated with imf polices itself , the things is imf has went Into many stream of reforms , so they don't dictate , they only act as a regulator(marker) they allow you the borrower to come up with whatever policies you wish to come up with and they make sure you adhere by it, by marking your scorelines, they restore international confidence.

They are simply now a policy credibility agency. You can of course do without imf and come up with your homegrown solution but which international cooperate institution will be willing to trust you .

Imf instill confidence on the economy and ensure businesses stays. And in addition you received some cash to push up your reserve to ensure currency stability , what kenya has done continuously for 24 times ( A bigger reason for your fragile currency, it will have perform way poorer than sri lanka rupee , since your country is trading at negative for the past five years . Such a country is not better than ivory coast , how much more of Ghana.

Only country that received more revenue than what she incurred as expenditure can justify not needing imf at all as far as Africa country is concern.

Vaxx my G, you're spot on. The only problem I have with you is peddling inaccurate information about Kenya. Understand what is BAILOUT, first. then distinguish it from the NUMBER OF IMF ARRANGEMENTS/DEALS.

FYI, we've only been to the IMF 22times since 1975. Out of those, 17deals were fully-fledged and the amount was drawn.

GeneralDae2:
Kenyans just recently secured an IMF deal like Egypt. What I don't understand is why the Kenyans here are trolling Ghana, as though their situation is any better. Worst of it all is that while Ghana is seeking 3 billion dollars like the big boys they are, Kenya is seeking a paltry 433 million dollars.

IMF Reaches Staff Level Agreement on the Fourth Reviews of the Extended Fund Facility and Extended Credit Facility for Kenya
November 8, 2022

IMF staff and the Kenyan authorities have reached staff-level agreement on economic policies to conclude the fourth reviews of the 38-month EFF/ECF arrangements. Kenya would have access to about US$433 million in financing once the review is formally completed by the IMF Executive Board.
The new government has expressed strong commitment to the IMF-supported program.
The economy remains broadly resilient. However, volatile international commodity prices, tighter external financing conditions, higher inflation, global slowdown in growth, and continued drought have created a challenging backdrop for economic policy making.
Kenya’s program is helping the country through these global shocks by anchoring policies to support inclusive growth while addressing debt vulnerabilities.

So we should mute the tone towards ghana on their approaching 150% currency depreciation and the existing hyperinflation?

https://issafrica.org/iss-today/another-bailout-wont-solve-ghanas-economic-crisis#:~:text=Bloomberg%20says%20the%20Ghana%20cedi,from%205.2%25%20to%203.2%25.&text=Problems%20began%20when%20international%20credit,its%20unsustainable%20and%20growing%20debt.

Don't be a sympathizer. Deal with your OWN.

Just40:
You don't seem to know how to read, so let me help you.

In 2021.. the total classified road network size is 94,200km while total road network of both classified and I classified is 109,515km as at 2009.

27% of 109,515km gives you 29,569.05km of paved road network as at 2017... Add the 10,875km of paved roads completed by 2021 May and you'll get 40,444.05km
This excludes additional 11,000km of road works still ongoing of which almost 5,000km had been completed in 2022.

This is more than double the fraudulent numbers your country bundle up as paved road network.... Let me hear your excuses of how Ghana has gold and oil as if Kenya doesn't have gold and oil.

What is laughable is that Ghana has more than twice your country highway network.

Your government is saying that in 2017 when your total road network was documented, you only had 18000km. 5yrs down the line, you've only added 68km of tarred/PAVED road. The rest (4000km) is a rehabilitation of the existing network: asphalt overlay/ re-carpeting, re-cycling, upgrading, etc.
2021 data from the same source(denoted with *) is an estimate/ projection. Which never came to fruition. So don't quote me with guesswork.

Heck! You're abnormal. If you can't read and comprehend, that is not my problem. If you can't believe the data from your 'own' government, then you're an unredeemable buffoon. I need to leave you in your utopia of fantasies and delusions.