₦airaland Forum

Mariory:
Mumu you are trying to deflect now. It's too late. Your stupidity is clear.

You expose your foolishness when you sent me that link . you disgraced whatever education system that breed you.

Mariory:
F@@l. Check GDP(PPP) of African countires. Then sum up the PPP of ECOWAS countries without Nigeria and reliase how much of a dimwit you are.

..... olodo. ...

Mariory:
For some reason the link redirects to GDP(norminal). However, since you want to resort to insults, you are a compound fool. You are the type of intentional M@r@n that give genuine retards a bad name.

Show your evidence for your moronic comments.

I already nairaland school
you. you need to pay me for more economic tutorial ....olodo

Mariory:
https://en.m.wikipedia.org/wiki/List_of_African_countries_by_GDP_(PPP)

As I said stop fooling yourself.

Go learn ecommics ....Average wealth of a nation is based on GDP ppp per capital not GDP .or PPP size .. You are the type of idiots that made them insult Nigeria education system

Even in the GDP per capital ( imf/ world bank ) placed Ghana ahead of Nigeria But it is simply window dressing . both nation are poor and two must consolidate a strong economy force to uplift their citizens out of poverty. .


From what you sent to me .... Check the GDP per capital

Mariory:
What a load of hogwash. Stop fooling yourself. Ghana as well as many other West African countries require the purchasing power of Nigerians.

Otherwise, Ghana can simply direct it's manufactured and imported goods to the other 150million consumers in the rest of ECOWAS.

We both know that is not possible because the purchasing power of those other countries pale in comparison to Nigeria. Again stop fooling yourself.

You are the one fooling yourself..... Nigeria has the third highest purchasing power per capital in ecowas state , follow closely behind Ghana and cape Verde. and you stupidly think Nigeria can grow without considering this comparable neighbours?

There is a reason Nigeria investors are flying over benin republic and togo to established in Ghana, it is about the purchasing power of this country .. Ghana is smarter than you lots, the reasons is pushing and championing africa regional trade, she knows she can't developed with its poor 350 million neighbour and need to annexed with other giant neighbour from the same continent.

350 million people with a purchasing power per capital that is below 8000 dollars is poverty. and it is better Nigeria understand its fake temporal policy

Thegoodone13:
*
*Nigeria makes up about 74% of ECOWAS population and about 71% of its economy. It is ECOWAS that needs Nigeria and not the other way round!*

ANY RELATIONSHIP BETWEEN MEMBER COUNTRIES MUST BE BASED ON EXTANT REGULATIONS!

wherever you formulate your figure? Ecowas without Nigeria will roughly stood at 150 million, so if Nigeria population is added to it that will give us 350 million . And you said the populatuon of 200 million does not need 150 million populations?

what logic is that? if Nigeria successfully revamp its local manufacturing sector , will it consume all its product all alone? the truth is, ecowas need each other because there is nothing special between Nigeria as a state and the rest. no ecowas state is worth over 8 thousand dollar in purchasing power per capital......country with the highest is cape Verde and it is just a little more than Ghana. this is the reason south Africa will see ecowas as a stepping stones and indirectly control our economy ... no single bank in ecowas state is as rich as MTN ....and you are telling me Nigeria is in anyway better.... the whole total capitalization of Nigeria banks both home and abroad is not in anyway up to capitech bank in South Africa.. .. and you call Nigeria with its poor giant population a nation that can sustained on its own.

can any Nigeria bank borrowed Nigeria goverment 40 billion dollars? * which is projected as what Nigeria need annually to fasten development). if Nigeria must get such amount, she will have to tapped into external market which has a very high interest.


if Nigeria leader must take a protective measure , it must be together with ecowas state. without that, Nigeria can't develop with its 200 million population ( It is just big but poor).... I further says , it shouldn't just be ecowas , it should be africa .......

Area4Area:
Still waiting till you close your border against Nigeria then you may reply me

Ghana don't need to close boarder ...that is childish and immature . Ghana education system understand the value of regional integration and knows the importance of comparative advantage. just relax , Ghanaians diplomat will sugar talk Nigeria into submission. ( Since you guys value unproductive pride than real deal) already Nigeria goverment have agreed on temporary corridor....

You know she is currently new secretariat of the Africa free trade agreement. expect more roles of diplomacy from Ghana.... that is what liberal and open education is all about

mfm04622:
Elizade is also building a Toyota factory in Nigeria! Yes, the Toyota factory in Ghana was to supply Nigeria. Let's see if they can price Nigerian made Toyota vehicles out of Nigerian market

Elizade can't build a Toyota factory. .... he can only become a sole distributor of the product.....and to add it again Volkswagen will also be opening up in Ghana .All are set for next year.. Volkswagen will be producing 5000 cars yearly for a start .


see Toyota new office in Ghana....


https://www.youtube.com/watch?v=Zl61upO7ZYY

Area4Area:
We don't need them for anything, how have you being feeling while they were feeling cool and we were feeling the heat, don't tell me you're a Ghanaian.
Everyman for himself for now, God for us all.

Only Nigeria poorly trainned has this mindset. that is what a mediocre education birth

DarkJeddi:
LOL,

Make I show you the video?

NO be the video link dey for the article?

Abi you no get money to watch am?

I was expecting to show me or direct me to the address where he was said. by the deputy minister... what a joke, you called news room analyst something of value.... what is diffrence from what you guys are doing here ....

DarkJeddi:
So,the video na fake too?

which video...show me the video

Area4Area:
That action is what we want already and not online ranting

Ghana leaders aren't short sighted .

Oshigun:
Simply not true if we view economic realities on the ground which is that Nigeria's benevolent attitude and commitment to local trade has seen us lose more than we gain trading with nations like Ghana. You need to show me what Ghana supply us that we will be crippled without and then explain how , as one example, a disruption in the natural gas we supply them would not have an immediately detrimental and costly effect on their economy.

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-Gas-owes-Nigeria-160m-642390#

Ghana Gas owes Nigeria $160m

It is obvious news that Ghana now owns oil and gas and has build its own Gas plant ( atuabo gas plant) and it is obvious Ghana demand for Nigeria oil is shrinking and dwindling.

no current news suggest Ghana is still owing Nigeria any cent in 2019....

but if you must measure dick as I think you happy doing it.? now capitalized Nigeria investment in Ghana and tell me the market value and compare it to 160 million. (Glo Ghana recently faulted its cooperate tax) but she was pardon.

And I hope you know this buisness remit tax to Nigeria goverment....

pokuasi:
you're dumb and even a villager in your village who just Access a China made smart phone with broken screen and jump unto nairaland to spew garbage to the uninformed.. what percentage did kufor negotiated for your crude oil.. how many percent stake does your govt have on ghacem.. how much did you sell your gold to Anglo gold for an ounce

I am simply not going to educate you but entertain you. now...provide me basic fact for all this .....


You stupidly forgotten chevron and shell have poisoned your well make it undesirable and undrinkable to you and your forth coming generations . and beside do you know what shell and chevron make from Nigeria only most productive commodity (oil).

pokuasi:
[s]you're in a village in the central region, a place I've been and know how your little village brain works and how misinformed most of you can be given how little you folks in the hinterlands understand English language and the level mediocrity your local media attached to information spread... I'm in Accra and knows that all the products I mentioned above are imported from the countries I mentioned.. and to show how terrible your brain is, you went and post a picture of a product as tho the company can't use and import Ginger from niger republic to make those.. you're terribly stupid.[/s].

I am not in Ghana as am even typing , go get a life , Ghana will make the country ungovernable for criminals like you.....



Anybody with a better functioning brain than yours can check statistics and see for themselves who export more to EU continent.....


Below is your brother and family lamenting

pokuasi:
you're here running your mouth about gloxy non existent cattle in the sky when IMF just came back about a week or two ago.. the same IMF that you handed you economy that you ran into drains to manage for you cos ghana man doesn't have the brain to think, doesn't believe in hard work but like praise cos he's born inferior, believes he's inferior to the rest of humanity and need validation to survive..
A country so inferior that all you need to exploit them is tell them nice things even if you're making it up, and they start smiling with they m'onkey-looking ugly faces with skin that feels like fish scale.. what ghana can sit and negotiate like real humans.. Barack Obama visited them and tricked them into signing a deal that give them 5 percent stack on the oil, how many percent stake does ghana govt have in ghacem, 15 percent.. sold their gold for $200 dollars an ounce and how much is an ounce of gold now, 1300 dollars.. stupid people with no functional brains..

I hate replying those who are stupid . now provide fact for what you just type here.

provide fact that Ghana is only having 5 percent stake in oil

provide fact that gold are sold for 200 dollars per ounce.


provide fact that Ghana was brainwashed to sign any contract?

if you can't provide fact with this gibberish you cough out at of your anus, then you are an animal and forsaken idiot whose Ghana become paradise to. Ghana didn't need you criminals....

DarkJeddi:
Are you saying that the Minister na fake Minister?

It simply says ghanaweb is no diffrence from the contiounious fake news we read on nairaland . some are posted to attract traffic

pokuasi:
you're very moronic, I guess you are here to misinform those that have not been to you glorified village-come country.. news flash, pokuasi is here to expose you for who you are- a fraudster.. how do you export more agricultural produce when you import garlic from China, Tomatoes from Ivory coast, onions from Burkina Faso, ginger and Carbage from NIGER REPUBLIC.. so name the agricultural produce you're exporting to Nigeria.. and how do you export when you don't have enough to meet local demand and import even the basic things.. what do you export to Nigeria really.. listen, you're a village who knows next to nothing about your country.. I listen to CITI BREAKFAST SHOW every morning and know what is going on ok..

what a baseless idiot, i have treated this topic on many occasions here zombie..... Ghana currently export about 60 percent of the coconut consumed in Nigeria... deal with t


And regarding all other commodities, Ghana export plantain to both cote devoire and Burkina Faso and at the same time coconut. regarding, garlic , you must be stupid , Ghana even had value to its garlic product....garlic is produce in abundant in Ghana North and available everywhere. When it comes to matter of exportation of agriculture product to Europe zone, you stupidly need to check statistics, Kenyans may even help us here, Ghana export more agricultural product to Europe than Any west African state


Below is the picture of Ghana value added product of garlic

dominique:
But the Ghanaians here are saying we need them more they need us.

Simple logics says both nation needs each other. they have exchange commodity between each other for the past fifty years... Nigerians has a market of 200 million , Ghana on the hand has 30 million . something tells here , if the later must become fully industrialized, then she must have the former in minds because of the market....

Ghana too on the hand is preferable to Nigeria second ties city like ibadan or kano( Nigeria investors are willing to invest in Accra( A CITY less than four million) moderate market than having a chain of shops in kano or ibadan. and this 18 to 5 million respectively


Ghanaian leaders are known to talk diplomatically but actions is on the pipeline.

daroz:
https://mobile.ghanaweb.com/GhanaHomePage/business/Ghana-needs-Nigeria-more-than-they-need-us-Minister-792241

Watch the video here: https://cdn.jwplayer.com/players/3jgQHeZ9-eqk5XVg5.html

who is pushing this kind of news to front page. I think the moderators loves the two nation bashing each other .


Anyway Ghanaweb is not a realiable and trustworthy news channel. no news paper in Ghana is propagating this nonsense....

Abohboy:
It could work we can have hope and it is possible Nigeria is slowly starting to gain trust with their products the EU is considering lifting the ban on Nigerian beans and yam we don't necessarily need you for transit I am proposing merging building factories in both countries having the companies make up most sales in both countries than expand to the rest of Africa

Consideration is diffrent from agreement. As it currently stands, Ghana export more agriculture commodity than Any west africa state and the reality is, The product in Ghana are perceived on higher quality .secondly, Nigeria harbour system is one of the most poorest in terms of infrastructure and planning( When it comes to digitization of port, Ghana has roll out and compliment all tedious paper work. They are now digitized. something that will takes lots of planning to work in Nigeria. Ghana is pushing ahead for first African state to first achieved a fully digitized economy. it has perfected it in sea port, air port, house numbering, education and some other crucial agency.....


Nigeria can't single handedly gain international trust without putting her neighbour in plan, obasonjo understand this when he took power from abdusalam .... Abaccha had already polluted Nigeria system that no serious nation is willing to put its trust on Nigeria.... So Ghana had to become Nigeria closer friend , they both attend international metting together where Ghana had to voice for Nigeria on many stands on the international podium...


Ghana still remain a better transit for Nigeria product abroad ......

Logobenz0:
Leave that bombastic fool from the republic of Sun to continue wailing like a mad goat Ghana is a ZOO and a big ZOO forever the biggest shitthol in the world largest with the most useless burnt creatures on Earth

Go and drink water

rvp20182:
The problem of going through Nigeria infamous education. 1.75% monthly interest - annualized is 1.75*12 =21%.

GTB is charging your interest rate of 21%. That is not cheap. That is damn expensive.

I am impressed.....You just change my thought about you... i am expecting this from you since.....

Abohboy:
That is why we need the Eco currency it will help trade between Ghana and Nigeria so much if Nigeria and Ghana shared a border the amount of trade and money and industries that would grow would be so surprising

I've been thinking why don't Kantanka and Innoson merge they would become one of the largest car companies in the world after a few years they are already the top two largest car companies in Africa

We would be producing everything for Africans public transport buy from us, garbage disposal easy, ambulance done, fire trucks anything car they will have it, would be so beneficial to both our economies.

first of all , eco currency will not work, Nigeria goverment will frustrate the plan, Nigerians leader are very conservative ( Short sighted )And this is the not the first stands of Nigeria , it has been there since 60s when balewa thinks inkrumah is priding himself like messiah of Africa ....

Ghana presidency is suggesting the idea can be floated without Nigeria ( let's see if that will work) ...

You brought in fantastic idealogy.... merging of kantaka and innnoson can fastrack development rather than single handedly piloting it .... Ghana is currently enjoying the international recognition of a peaceful and well balanced democrcy that is even envy by other country, Nigeria has bigger GDP with over 200 million population... that will be impressive. Ghana can be a good transit hub for innnoson as Ghana products are crurrently acceptable than Nigeria product. for example , A Nigeria buisness man will like smuggled his yam to Ghana for exportation rather exporting it frorm nigeria because of perceived Ghana value.

kkins25:
yes, the BOG is working on reducing the demand for dollars in the country. businesses are no longer allowed to quote prices in dollars. Don't know when the government would begin enforcing it though.

The circular have been passed, it is left for law enforcement agency to act upon it.

theenchanter:
i hear u.

Then if Nigeria knows about it , let her opens its border..... not every Government will be long sighted focus like akuffo addo. some may be interested in revenge. Dangote had double its exportation to Ghana market despite goverment effort to let him establish production plant in Ghana. this is not free and fair trade.

Abohboy:
Nigerian rice has been going down in price ever since the border closed next week it is expected to become 10 000N from the current 16 000N, just 10 000N for 50kg for 25kg is 5 000N and your telling me that is expensive that is like 5-8 dollars

Plus the economies of Niger and Benin are suffering not Nigeria's nothing whatsoever is happening to Nigeria as a side effect if the border closure other than we have increased output of local agricultural produce

And buhari said about the AFCTA I signed a free trade agreement not a free smuggling agreement the air and sea borders are open what is happening is countries like Thailand go to be in Port because it is cheaper than they smuggle it through to the Nigerian markets they are avoiding the taxes and duties at our ports.

Plus no Ghanaian can even speak alomo bitters lost over 2 million dollars because of the border closure it is affecting your kinsmen more than it is affecting ours please we are the poverty capital of the world let us enjoy our poverty in please

Also Ghanaians calm down with all this inflation, currency bla bla next year we may have the exact same currency the Eco just wait for us to quickly get our inflation down then by may 2020 maybe we will have the same currency so no more arguments anymore.

Kaseperoko is a multi million company, i actually don't think the two million dollar lost is any of a big deal, they already have market in place to consolidate it( it is the constants lost that maybe unbearable). the company manager already identify cote devoire , Senegal and benin as the new market where they hope to cover the Nigeria lost.

Ghana and Nigeria. goverment have reach a compromised and it is expected to be fruitful in the next two weeks....

Ghana economy is not in anyway affected as it's crucial goods( Oil, cocoa, gold ) are not what ecowas can buy......

Mkenya2019:
Honestly business people look at Nigeria - and it's very alluring - 200m people - but the leadership is corrupt & stupid ( a deadly combination), the business environment very tough, infrastructure completely broken down and those people very poor. You have better prospect if you focus on doing business with Ivory Coast for example.

You should only go to Nigeria if you're interested in oil & gas industry. Otherwise chance of coming out without your shirt is very high.

Honestly that will have been the best option if the purchasing power of other state in the ecowas sub region is comparable or has a little bigger population.... but unfortunate, Nigeria is the only nation in that category, it has comparable purchasing power and a bigger population size to consolidate it....

Ghana is building its infrastructure, the demand for Nigeria oil might stop very soon than predicted . Ghana already have the oil to fuel its citizens but not enough infrastructure to deploy it. Taxis cars in Ghana uses gas, even gas are used to fried road side beans cake or smoked out animal hairs in abattoir ... therefore Ghana demand for it is just abnormal....


well, There are some technocrat in Ghana who is thinking of value chain product whose market is not limited to size but by value ( for example exporting to Switzerland 9 million population will be better than exporting to Nigeria 200 million population cus the former understand luxury and can pay for it while the later is just big but poor but Ghana must be able to add value to its product before it can get that.... that is a whole lot of works....

Mkenya2019:
That is great - I am glad you've reigned on run-away inflation, currency depreciation and are back - as one of the world fastest growing nation. There is a lot Nigeria can learn from Ghana.

Ghana currency depreciation is structural not based on weak micro/ macro economic performance. Ghana is highly dollarised( the demand and taste for dollar is extremely high) and Ghana being a lower middle income country suggest that his dependence on aid will be limited ( This all contribute to the continual cedi depreciation) though goverment. have plan to arrest it, there is about 9.4 billion dollar on Ghana forex reserve to stabilized the currency and the cash is expected to jump into 10 billion and more dollar before November...

The cedi has been stable for the past four month.....

theenchanter:
the western border closure is as a result of smuggling, its just for a short period of time.

Too much smuggling of restricted goods in that border.

The reality is that Ghana needs Nigeria cus Ghana is seriously transforming its manufacturing sector rapidly ( 30 million people is not enough) therefore Ghana will need Nigeria to offload its market . and this will not only benefit Ghana only as Nigeria too will also be part of the success . the manufacturing sector alone contribute about 8 billion dollar to the economy last year


As i have study, Nigeria leader are known to be radical , only few of them believe in the spirit of Africa unionism which Ghanaian leaders are famous for......

Mkenya2019:
I think your macro-economics are not that great - inflation at double digit, mpr rate of 17%, interest rate of 20% plus - but admittedly your economy is growing very fast (hopefully inflation doesn't make nonsense of that).

Not true, As I am typing , Ghana inflation rate is dropping ( 7.6 percent from earlier 9.3) interest rate pegged at 16 percent , producer price index is dropping... infact all economic indicator suggest Ghana macroeconomics is healthy.....