₦airaland Forum

gallivant:
Dimwit, who hasn't received their salaries in Kenya? Don't you have anything better to do during Easter than peddling nonsense?

I am a pagan , I don't celebrate jesus death nor birth . I am only interested in establishing the fact that you come from a hell hole .

gallivant:
The protests won't return. You and the other prophets of doom can take your scare mongering to Ghana.

i ask you a question earlier you are yet to answer . Why are you so dammed stupid ?

Mkenya2019:
It no brainer.
Default is nuclear option that stupid countries like Ghana take.
Kenya has many options before we go into such huge mess.
Like said cash crunch is temporary problem because of lots of debts were maturity in 1st Q.
That is now over.
Our next big problem is in 2024 - to meander through 2.5B dollars of Eurobond principal that will mature.

You are idiot. only poor wretched country consider the option of not paying salaries when there is evidence of high cost of living and distress in the country . Debt restructuring on the other hand is what country who still prefer to stay in the financial market will consider. Russia (With a more successful economy than any africa country ) once did it and works . Only poor nation will consider the option of not paying workers .

That is damn stupid

gallivant:
This is the same fool that had a prophecy of weekly oppositiin protests together with Kazikazi;they melted away in a week. I doubt your economic wisdom is any better!!

gallipig why are you so dammed stupid? , your weak govt requested for a handshake and hence the temporary Monday withdrawal . It might soon come back . Ralia is not accepting ruto presidency . Poor brain

GeneralDae:
Big debate: Should Kenya default or owe salaries?

I'd say I agree with rvp2018 in this case. Withholding civil servant salaries for now (alongside cutting down the cost of Governance) would be better than outright default.

why salary ? Only to appear clean in front of lender and be able to borrowed more? . So kenya is not even ready to curb debt at all or look for alternative to address future debt . Next generation of Kenyan are in trouble, they will pay debt forever and they will not be able to come up with any infrastructure.

How can you Channel the money expected to go into salary into debt servicing ? No advance country will ever consider this terrible option.

Sustainability of humanity over clean sheet anytime . just imagine the over terrible condition , already there is hunger and high cost of living in thee country and now salary is not coming fort .

Consider this from them blaming opposition party after 7 month in power. .

Kenya is officially bankrupt . The pulse is highly empty. Total zero. Everything is finished

Supreme court of Ghana in picture......

Some semblance of London here

GeneralDae:
Luckily though, Ghana didn't borrow much from China unlike Zambia.

kenya even borrowed more from china than us .

More on the caves

This is the Abetifi Stone Age Park. It is a multi-purpose tourist site and museum which depicts the indigenous stone age era. This fascinating heritage site is located in Kwahu Abetifi in the Eastern Region.

The Abetifi Stone Age Park is currently the only Park in Ghana that houses one of the oldest caves known to have been occupied by people in Kwahu over 12,500 years ago. Humans are said to have lived in the caves over 12,500 years ago, according to the Archaeology Department of the University of Ghana.

What it means is that people lived in the caves for more than 10,500 years before Jesus Christ was born.

#Credit: Daily Graphic

rvp2018:
Yes at least you were able to nail the domestic debt restructuring - domestic creditors have little in negotiating power.
Now go and negotiate with Chinese
Tell China-man to take haircut - and you'll know China man doesnt joke around.

renegotiation is a vehicle used by country that has the balls , Ghana is already achieving success . We are done with domestic market and it comes as a gain , we are going to actualized it with foreign market as well.


Sacrificing salary payment like kenya will never be an option . We won't be that mad.

rvp2018:
Like I said the good thing - Kenya revenues are rising - we could hit 30B dollars next year - and our debt is coming down.

stop the lies you idiot . You are not making any potential gain and your buisnesses are not recording much profit and growth. all this are affecting your taxes, how will revenue rise up in such a situation not even an increased in tax returns can do the magic .if you like overtaxed your citizens with tax while business shrink


This is what your economic advisers has to say as regards your revenue .

rvp2018:
You simply run out of options and had to default.
Ghana last desperate attempt was raise revenue from mobile money transaction.
Obviously with your high tax rate - you had reach the limit.
And you had to default.

To get out of default - wait for IMF to come with shock therapy - that will include MASS FIRING of gov staff/cancellation of projects.
Or you think IMF are coming to joke around.

Kenya has to delay default as much as it can.

Defaulting is worst thing that could happen to a country.

Nah , poor Kenya citizens , in financial lending , there is option of renegotiation , and that is the option we have taking . Far better than not paying govt workers salaries . We do not want to find ourselves in this kenya mess in future .Imf is also another good options , it is an alternative way to raised money and pay back in a very long term with little interest since that is the option we need now instead of borrowing hard currency from a domestic market like what kenya has done . We are not ready to grow more debt but to restructured the existing one.

Imf aren't that blind with such your aforementioned implicating policy anymore , they bring in to table what you are ready to sacrifice. They don't dictate , they allow you to do the needful . I am aware you aren't brilliant not to know the new policy.


Kenya on the hands prefer to kill her own citizens just for the purpose of having a clear record on her lender balance sheet. That is cruel . You are yet to pay almost five months salary . Useless govt

Ghana prudent policy is indeed bearing fruits ....

rvp2018:
Ghana defaulted.
Ghana then forced investor to accept haircut.
Domestic investors have accepted - likes of Zenith bank booked their loses - Stanbic and South africans there.
Ghanians the same.
You still have to convince external debtors to take an haircut.
Zambia been on debt restructuring since 2020.

Defaulting is the worse option.

As for kenya - we could easily borrow whole bunch of domestic debt - except we have refused to pay HIGH INTEREST rate.

Kenya gov is refusing money because anything more than 14% is crazy.

In Main and small zoo of west africa - you gov has no qualms borrowing at 20-30%.

kenya case is more worse than being a defualter . Just for the purpose of having a good record from lenders balance sheet and been able to seek more loan in the future , you decide to hang your workers by their neck . You refuse them their salaries and then divert the salaries to pay loans . That is a far worse problem. An incompetent govt that has lost all ideas of economic salvation .


Ghana on the other hand renegotiate her debt statues , we decide to pay later rather than now , we invest the money for the payment in another profitable option while waiting for the matured period and instead of using the money coming from our revenue , we will be taping into profit , therefore we will be paying our lenders with profit and not from our normal tax revenue . That is more prudent .

rvp2018:
When you default; debt problem doesnt go away; it become worse;

That is why you're knocked out until 2037

If we delay some salaries for a week; what is problem;

Nigeria delay salaries for six months; Pension for 2yrs

PRIORITY - PAY DEBT

it is not called default , in technical terms , it is called debt restructuring , you renogotiate the debt to pay at covinenence term when the financial system can support it without any delays. Therefore you grow your portfolio and your capitals increased which is then invested into another profitable ventures . So by the time you will be paying again , it will be from profit made from your capitals and not the usual revenue for servicing debt .

Now your country is broke , she has already exceeded the option of looking into domestic market for borrowing , what she can only do for now is to stop payment of salaries at least to divert the money into debt services inorder to continue with a clear record of not been a defaulter so as to be able to raised another loan in the future .

So your govt prefer to kill her citizens by not paying their salaries and instead used the money meant for civil servant wages to pay back loans.


Very poor country

rvp2018:
slowpoke you dont restructure until you default.

You stopped. paying.

Then forced the bond holders to take haircut.

Get some basic education on public finance.

You should stop being an obtuse . The worse that could ever happens to a country is her inability not to be able pay her workers salaries . That is more terrible in any given time .

Renegotiating of debt is common in many advance nation , what is not common is inability not to pay salaries which is the mess kenya find herself .

You are broke , common salary is now very difficult for you to remit . That is what is called financial abyass . . An hopeless nation .

rvp2018:
Here come the madman from Ghana

Kenya gov is struggling to pay debt at 60% servicing ratio.
Ghana stopped paying debt last year.
Nigeria debt servicing ratio is beyond 100%.

Ghana doesn't stop paying debt , she only renogotiate it . Now your country is broke , she can't even pay common salary . You are indeed broke . Argue with ruto not me .


Even those who try to pay are using money meant for other project or taking overdraft from bank. Meaning using loans to pay salary

GeneralDae:
Lol, when you were quoting opposition opinions from Ghana like Ato Fortson and the likes, didn't you know some were also biased opposition propaganda?
This is not just mere opposition propaganda though. Kenya is going through a lot.

it is not a propaganda, it is a fact . The guy is a stubborn idiot. He even debate fact

rvp2018:
Opposition propaganda from a party that nearly took Kenya to Ghana - default. Mps were paid salaries.

The new administration has worked very hard to avoid Ghana default.

can you pls shut up. Citizens of a distressed country ... Ghana woes hasn't gotten to the level of not been able to pay salaries.

This is from your presidential adviser on economic matter. Not opposition party .he can't be against his own govt


Your country is so broke that there seems not to exist any hope of redemption

And the poverty in kenya becomes very intense .

Why don't you renogotiate salary option or better still pay half if possible , not paying at all is never an option. You are a poor country, while digging the poverty hole wider again . Even those who can pay are diverting money meant for critical budget or taking overdraft from banks . Poor nation.


Ghana despite our economic weakness, paying salary in full is never a problem.

Despite Ghana woes, paying salary has never become a problem.

Kenya is indeed broke and distress, she can't even pay common salary. This only happens when too much of your revenue goes into debt servicing..

Mkenya2019:
West africa is a backwater, the armpit and the anus of the world.

Yet you can't have it better than Benin and Senegal.

Mkenya2019:
Elite schools exist everywhere. Education system is about the mean.

To get a sense of Kenya’s historical overperformance, consider the 2007 results of standardised tests for sixth graders conducted by the Southern and East African Consortium for Monitoring Educational Quality. Kenya’s average score was 557 points. That’s well above South Africa’s average of 495 points. Kenyan children’s basic literacy and numeracy skills were stronger than South Africa’s.

Just shut up , we currently have the best secondary school per education excellence in west africa ( fact are taking from our regional exams ) and if kenya is included today , you will be beaten as well.

From times higher education, university of cape coast is the top four best university in africa beating any of your university to stupor.


Our debate program anchored on our national TV called NSMQ will be too much for your best university debate. There is evidence.

Mkenya2019:
You don't need to be critical thinker to know if someone is literate or not. They cant read or write. They are illiterates.

Below is what I could find when I search for the worse Kenya primary education essay. Still better than most of what you both madmen write.

You see the reason why I said you need free education. Comparing your boda boda educational system to ours is even an insult ....

Check this debate , hardly will your university graduate be able to pass thru .


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

Mkenya2019:
Bro, my broda, you really should not be talking grammar. Although I am not a christian - I want to live in the spirt of the moment.

"That poor grammatical skills"

What a brilliant start to our free education in Ghana English. Continue!

The reason I said you need free education . What does it mean by this your poor sentence constructed without head nor tail now .

Just40:
🤣😂

She exposed the typical Kenyan education and how it makes them dumb and not critical thinkers.

of course she is not a critical thinker if not why will she judge her understanding only by talking to a road side hustlers.if she want to meet intellectuals , why is she looking for it in open market ?

Mkenya2019:
Actually she doesn't sound like a regular kenyan - she was born in the US.

Now focus on what she says about Ghana literacy.

That poor grammatical skills doesn't sell her like someone who has ever been to the state , it sound more like a product from kibera ( poorly funded education )

Mkenya2019:
I have life long commitment to learning. That is why I tolerate you so I can learn few things about Ghana. Though my sadistic side does enjoy beating the shiet out of online morons like you. I need to change that.

I repeat you need free education .

Mkenya2019:
Impress this girl married to Ghanian. To paraphrase her - she never met people so thick headed like Ghanians - and you, vax, other Ghanians - just by your atrocious English prose & grammar - vindicate her.

Go to 4 minutes SERIOUSLY - Kind of obtuseness she never met her all life - she says it's MIND BENDING


https://www.youtube.com/watch?v=aAQXi4gAj-U&t=394s

After you watch - look at the graph below - Kenya is strong outlier in Africa education - it's off CHARTS in Africa

The girl is another illiterate like you. Even from her spoken English, there is a heavy presence of swahili provoke sound in her poor understanding .

Mkenya2019:
Which hong kong Those 5 floor buildings Please stupid mad Ghanians; You need Jerry Rawling to literally beat the shiet out of you.

You need free education .

Traffic time in airport road Accra at night . City like Hong Kong

Just40:
I really don't know much about it but Ivory Coast, I don't think so

You can check on it .