₦airaland Forum

Just30:
This one thinks everyone is a liar like him

theenchanter:
Dude, if I decide to post new factories in different part of Nigeria, I'm not sure I'll finish in d next 5 days.

A new powdered egg factory was recently launched in ondo state last 2 months, its d largest in africa n middle east. I'm not sure there's any other African country that produce powdered egg except egypt.

It's not just about posting pics jare.

popizaino:
Honestly, it's hard to defend Nigeria especially if everything the Kenyans have been saying is anything to go by.At least to an extent I can testify to what some of this Ghanaians are saying.

chrisagyei:
great seeing these photos of factories springing up.I thought this whole 1 district 1 factory agenda was in dormant and it's sad the media hardly reports on such progress and I hope the necessary funds and resources are provided for the smooth operations of these factories.Building over 200 factories in a spate of 4 to 8 years is not a joke initiative. I hope it's a Public-Private Projects initiative.

tylann:
Which natural commodities are you talking about
Please name one

Vaxx was mistaken there

theenchanter:
which cement producer is dominat in Ghana and what's it's market share?

Found out dangote cement is d preferred choice in Ghana. https://pricesghana.com/top-10-cement-companies-in-ghana/

theenchanter:
Since 2009!

Just30:
Ghanaians weren't buying Dangote cement

Dangote only managed to gained a 1- 2% market share.

Cement manufacturers were pissed because he was flooding the market, creating an over capacity
which led to a price collapse and everyone was making losses.


if you understand economics, you will know what im talking about.

Basically, Dangote was practising dumping in order to collapse manufacturers in Ghana.
He was so desperate such that He was even selling cement at a lower cost in Ghana than he was selling in Nigeria


that is desperation

Just30:
Cement is our resource that is not limitless

we will rather preserve it than to overexploit it for your benefit.


secondly, your currency doesnt impress us

chrisagyei:
what I know is according to videos on YouTube and people's experience,Kenya and Nairobi especially is far developed than any city in Ghana including Accra. About quality of life,Ghana looks very good on paper and good in actual living.We have implemented national policies that benefits the masses such as universal free basic health, free compulsive education from basic to secondary education, national youth employment schemes that employs and trains millions of our youth,massive infrastructure development,there's national access to basic infrastructure such as uninterrupted power supply,various treated pipe borne water installation,in fact our poverty rate is about 21% which is one of the lowest in the continent,etc etc just as any progressive sub Sahara African nations such as Kenya,Tanzania, Botswana,Rwanda, Namibia and others keep experiencing but we are somehow a little lower population of about 30 million people with very large different natural resources but as you said little value is added to these natural resources for exportation.All the same Kenya and Tanzania is huge and progressive so they definitely have bigger infrastructure and projects and since there is little natural resources to export, they mainly concentrate on local generation revenues such as massive service industry and tourism. Nigeria never impresses me when it comes to anything positive since they're over reliance on oil thus give very little concern to internal and external avenues that takes in huge revenue and possibly reduce youth unemployment.East Africa is doing impressive on that angle especially Kenya,Tanzania, Rwanda and Ethiopia

tylann:
Ghana has alot of mineral resources so it is easy for you to build factories to process them

Kenya is just building agro processing industries

chrisagyei:
Actually, Ghana exports far more than Kenya although you're right about majority of it being minerals buh Kenya is not much different with majority of Kenyans exports being primary natural products buh Ghana's economy is not a small economy because it's currently among top ten in Africa and industries make up 24% of Ghana 's economy.The GDP PPP of Ghana is 190 billion dollars.That is not a small economy.Ghana is among the top ten exports country in Africa and is number 7

pacretus:
But to Vaxx. I hope you know, that the percentage of Nigeria's GDP that is not-oil based is bigger than Ghanas GDP, which is only based on export of gold , Cocoa and other raw materials.

rvp20182:
The reality is you're dependent on commodities - mining, oil and cocoa - if any of those go down - your economy goes down. The real test of a diversified economy - is no single sector brings down an economy. Nigeria obviously the worst case because if oil drops to 10 dollars today - that country will be wiped off the face of earth. Ghana has had similar issues before - because if gold or bauxite or cocoa goes down - their economy also go bankrupt.

Now look at Kenya - even in agriculture - we are talking about 100 plus products that we exports. In manufacturing - we are exporting so many products - in service sectors - we have very advanced and mature sector - ict, retail, hotel, aiports, tourism,real estates, education, media.

That is why Kenya with very little if any minerals is able to grow at 6% comfortably year in year out - crisis or no crisis.

rvp20182:
I am not sure if you understand what sophistication of an economy is. Exporting so many minerals doesn't make you sophisticated. Those are primary extraction no brain sectors.

Sophistication come from stuff like value-addition in agriculture, manufacturing (industry), financial services and other service sectors - outside Egypt and South Africa - Kenya is obviously the star there.

African trade remains centred on the three countries that have an appreciable manufacturing base — South Africa, Kenya and Egypt.
African financial services remains centred on these countries — South Africa, Nigeria, Egypt, Kenya and Mauritus. Nigeria insurance and pension is at it's infancy though.

rvp20182:
That doesn't make Ghana sophisticated.Ghana is heavily reliant on minning, cocoa & now oil..I think outside South Africa - Egypt and Kenya - are most sophisticated economies. Kenya export so many items - 2nd only to Egypt in COMESA.

pacretus:
Diversity in terms of what exactly. what makes your economy more diversified? Gold or your new found oil.

Don't say things you can't prove.

Manufacturing activities in kano state alone, dwafs the whole of Ghana.


No African country has an economy more diversified than Nigeria's except South Africa.

This thread is useless,

All kenyans boast of is their tea and tourism and I thought they had a good tourism industry yet Nigeria earns from tourism more than Kenya.

pacretus:
Military coup crippled Nigerias economy for years so what excuse does Ghana and Kenya have for not Developing their country like Nigeria.

We just celebrated few years of Democracy
While Ghana that gained independence before Nigeria ,had only one military coup and Kenya with no history of a military coup come here trying convince Us they have a better economy. That's pure Stu pidity if you'd ask me.

samorobo:
Okay ooo what is this development I would like to know.Apart from living 3 year more than them what else. Your literacy rate don't even come close to theirs as they are heading 90%...their cost of living is high and I believe that is what swallows most of their money...Ghana cost of living is relatively high according to what I have learned here so I would love to know how your economy is better than theirs

samorobo:
I am sorry namibia gdp per capita is not on the same level with Ghana. Pls Don't try to equate both

samorobo:
pls bring me that mid term performance so I can access it else just keep this lie of yours I suspect to yourself

Just30:
he's an exhausted sold who has no knowledge on economic conversation

Just30:
who in his right mind will put Angola on the pedestal of Ghana