₦airaland Forum

Righteousness2:
Promised fufilled..............

The children of ISRAEL Promised BIG THINGS today !!
They have Fufilled their Promise.
Iran is already pleading to come to the Negotiating table.

Reports coming out say
IRAN IS ASKING SAUDI ARABIA, QATAR AND OMAN TO PRESSURE AMERICA TO ASK ISRAEL TO STOP THE WAR!

IRAN IS WILLING TO STOP URANIUM ENRICHMENT!

I think it's a little too late.

The Children of ISRAEL that I know will turn Iran to Gaza and Beruit.
Bible Prophecy is playing out live.
Iran will be Crippled Militarily and Economically!!

Before and After of the Irgc Propaganda Tv

isreal will be hit badly again. The Zionists are angry — and it shows in their behavior — because last night they received significant blows from Iran. Now, they must await another response from the great Iranian nation, one that will be of a completely different scale and quality than ever before!


Isreal is targeting unarmed journalist lol...

lordm:
Iran is a paper tiger. Just like Russia. Technology is the new way to win wars not man power. If Iran likes let them have 10 million soldiers, they will still loose against Israel not talk of USA

And who told you iran is completely void of technology, Missiles are technological art . And this piece of art work rains hell fire on isreal last night

Let’s back up a bit. The US, with a coalition of EU countries, battered Yemen for weeks and months and still couldn’t defeat the Yemenis.

And they seriously think if they allowed the psychopathic Israeli Prime Minister to drag them into a war with Iran they can defeat Iran? You couldn’t beat a tinpot but brave Yemenis.

We are talking about Iran, a country that has everything Yemen doesn’t have. They have hypersonic missiles, submarines, air defense systems, ballistic missiles, airports, and a massive amount of drones in a country with a land size bigger than Germany and France put together.

The US couldn’t defeat the Taliban after 20years in Afghanistan, with trillions of tax payers’ dollars up in flames and almost 3,000 dead American military personnel.

Why are the average politicians very stupid most of the time? Any thought of going to war with Iran is insane and American citizens should resist this suicidal invitation.

Photo: Burning Israeli city of Tel Aviv last night.

It might be too late to say .... Israel cannot defeat Iran ...

Silent Nigerian billionaire meeting president john mahama.


Wale adenuga

GeneralDae:
Did Zambian and Argentine export increase significantly at thesame time? Gold is your biggest export.

Don’t you know how much gold prices also increased in the past 6 months? If copper prices increased significantly when Zambia paused debt servicing, of course their reserves would get boosted due to both factors happening together at thesame time. Why are you arguing this?

Cocoa also increased four to five fold in 2024/2025 and you are the world’s second largest producer.

So you paused your debt servicing and had two of your biggest exports increase in price by several folds, what then are you arguing?

You are now answering the question yourself , Ghana economic conditions improved significantly and the cedis appreciation is not necessarily as a result of debt suspension but a strong macro economic growth. Simple.

Anyway Ghana is currently earning more on crude oil than cocoa . Therefore cocoa is in third position.. third biggest export not Ghana second biggest export.


What makes cedis resilient is not debt suspension but macro and micro economy condition that improves significantly.


The president ascertain.

GeneralDae:
I don’t know what you are arguing. Pausing payments in 2024 helped you accrue more into your reserves from 6 Billion USD in 2023 to 8 Billion USD in 2024.

Pausing payments gave you space and headroom to boost your reserves. Nothing difficult to comprehend there.

You were buying more gold in 2024, if you had to service debts which were no longer sustainable for Ghana, your FX reserves wouldn’t accrue that much or rise significantly. This is common sense.

Building a new capital city at this stage would be a white elephant project or would take decades. I doubt Ghanaian Government can do that at this stage and it would be ill advised. I doubt the IMF would allow that.

your case is absurd , Zambia kwacha and Argentina pesos didn't improved despite suspending debt payment , why do you Ghana cedis supposed to improved when she did the same . Debt payment suspension doesn't address structural problem, it only gives breathing space . It is time bound. Nothing significant.

All indices indicate Ghana macro economic conditions to be in good condition .


From the president himelf addressing the Issue ...
https://www.youtube.com/watch?v=JYMQjjlfi5U?si=2Kz80MEpwn7DNPe3


Ghana new capital City...


https://www.youtube.com/watch?v=rROlr8yQxFw?si=LcE2jkKghXsawriT

GeneralDae:
Pausing debt payments plus record highs in gold prices does improve economic fundamentals.
Also, the new Government is yet to start spending aggressively in order to meet up with the IMF goals which were missed by the previous Government late last year.
It’s all four factors combined:

Record gold prices
Record cocoa prices
Slow Government spending comparatively
Paused external debt servicing

However, as long as inflation stays above 15% and your interest rate is high, the cedis would weaken again later in the year when the Government starts spending more.

very absurd. Gold is adding up yes ,but stating that pausing payment also contributed to a stronger cedis is flawed . I have given you Zambia , Argentina case as an example. Your currency cannot skyrocket to 42 percent high against the dollar if your reserved is not strong ( that is just more than enough than what payment pospontment can caused )

Ghana is busy expanding is Gold reserve ( Ghana currently owns the largest gold reserve in West Africa )coupled with increased imf support , the last trenched of the money borrowed will soon hit Ghana bank in the coming month, it will add up to the strength of the cedis again. Do you even know dollars falls in Ghana everyday ( two weeks consequtively now .


Anyway Ghana govt is spending , infact the spending might be more bigger the last regime , it is just that it is a prudent initiative.

Ghana is currently about building a new capital city . Accra has being reported congested and therefore Ghana need a new phase

rvp2018:
Its jumped 42% or more this year - so let see how it plays out. Aside from GOLD prices that are 30% high - nothing else justify such huge appreciation

Mr Man, the gold itself is enough reason coupled with imf policy and guidance . Also the restrictive Monetary Policy implemented by the govt. For example, the bank of GH raised its policy rate—hiking by 500 basis points since December—to a 30% benchmark, ensuring excess liquidity are curbed and ensuring foreign capital inflows into short-term T-bills and forex auctions.

GeneralDae:
They have paused most external debt servicing since 2024. That’s another crucial factor.
Nigeria on the contrary spent 2 Billion dollars on debt servicing in the first four months of this year coupled with tanked oil prices.

so when Argentina paused her payment to her external creditors, did peso suddenly went up at 42 percent against the dollar? Infact Argentina case was a brutal mistake , they try pegging their dollar with the peso and it end up in a disaster .


Pausing debt payment does not improved economy fundamentals, sound economy does. Zambia is a case study.

rvp2018:
Ghana Cedis is over-valued.
You'll cry like Nigeria did denying the obvious.
Until the reality hit you.

Remember for donkeys years I told Nigeria their GDP was 180-220 - 200B.

And they cried here - hated me.

Ghana is currently under the imf program. meaning it is subjected to imf policy and guidance. And you think cedis is overvalued? Where is your bra.in?

rvp2018:
Kenya could overtake Nigeria in 3-4yrs unless they fixed their mess.

you should be more worried that three West Africa state are clearly represented. Anyway Ghana GDP is currently just below 140 billion dollars according to Bank of GH

theenchanter:
expatiate more on this.

Banks to Hold Reserves in Original Deposit Currencies from June” means that starting in June 2025, banks will be required to keep a portion of their reserves in the same currency in which the deposits were originally made"(Bank of Ghana).

Currently, When banks receive deposits in foreign currencies (like the dollar and Euro), they might convert some of those into the local currency (e.g., Ghanaian cedi) for reserve or regulatory purposes. But the new rule is if a customer deposits dollars, the bank must hold a portion of that reserve in dollars— not cedis or any other currency.

The benefits of this policy's is too numerous for the economy stability.

No, the current price of the naira against CFA ( currency used in all the neighbouring country with Nigeria make it more attractive. It is too cheap to buy Nigeria fuel with CFA now

The naira is now becoming very useless..

Will the cedis fall anytime soon? Well, with this new policy, if all hands are on deck, I don't see it happening now.

A dollar may be traded for 5 cedis soon

Gh might actually be the largest cocoa producing country in the world. most of the cocoa exported in ivory coast are from Gh.

A typical example is this news today .

Just40:
they dominated the market with great service provision

Even at that , it is not a completely monopolize market like it happens in some other countries.


Close to two hundred thousand Ghanaian owns a share with MTN.

theenchanter:
which is Ghana fintech ecosystem, I I get it.

the regulative framework. That is if your bra..in is still functioning.

theenchanter:
congratulations.

it is about learning from the best ogbeni

theenchanter:
calm down. Breath in, breath out. Relax.

Ur brain is working beyond it's capacity and it's overheating. Just rest. Tomorrow is another day.

I can't argue about your description, you know yourself more than vaxx

theenchanter:
but when it comes to the success of the kini? Ur brain don hibernate?😁

yours is shutting down ( a small country of about 30 million is doing about 200 million dollars transaction

GeneralDae:
What exactly are you saying? I am listing African unicorns in the Fintech space and you are telling me about Ghanapay and Zeepay? What da fvck.

Ogbeni, hubtel, zeepay are rising giant.


At least evidence has shown MTN Ghana ( Momo) is a successful fintech company . And when it comes to Giant, only the likes of mpesa come close in subsharan Africa

GeneralDae:
Lol. Your arguments are usually funny to me. You are the type that argues that white is black even when you see it clearly that it is white.
You are saying Ghana is a bigger fintech player than a country that hosts the likes of Flutterwave, Opay, Paga, Palmpay, Moniepoint, etc.
Only Kenyan Mpesa (which is a monopoly) can rub shoulders with any of these.
Stop smoking early in the morning 🤣

I do not need to attack you personally, I observed you are decorum with your choice of words therefore no need to attack your personality even if you fumble this time .

Straight to the point , there are many fintech payment in GH. From the likes of Ghanapay , zeepay, kowri , expreespay etc and many options I can't remember for now.. I am aware Ghana has about 200 company in the fintech landscape. Ranging from digital credit entities to remittances and transfer platforms.


Though based on volume of transactions, Nigeria might have an edge due to population. But we are taking about a 30 million population doing about 200 billion dollar volume transactions that is about 3.1 trillion GHC

GeneralDae:
MTN is a monopoly in Ghana especially with the mobile payment there which worked. They couldn’t dominate with mobile payments in Nigeria amongst the middle class and rich because the middle class/ rich already had several fintech options. MTN have also been closely matched by Airtel and Glo all through their history in Nigeria and are now more closely marked by Airtel.

MTn is not a monopoly in GH. They are other known contenders like telecel and airtel with strong customers base of about 45 percent market share or more . Though MTN Ghana has about 50 percent or more market share.

They are too many reasons mobile money payment is not successful in Nigeria like Ghana and Kenya , although there is a progress now but not as effective as that of GH and Kenya.

When it comes to fintech , give the Golden chain to GH and Kenya .

ProblemChild1:
Including Ghanaians too.

Ghanaian begging in Nigeria? Do you think it is 1960s even then, Ghanaian are rather working instead of doing ridiculous jobs.

Some Ghanaian still collect pension areas in far away northern Nigeria where there is shortage of skillful workers in the govt jobs ( teaching, etc

chrisooblog:
but you're not the top continental producer unlike Nigeria for so many crops.

sure but we are a significant contributor in Africa agricultural market despite the land size and population.

Ghana even produce more cashew than Nigeria

theenchanter:
now, u're talking.

tell me about SS Africa. We learn everyday.

At least Ghana produces more coconut than any African state .

theenchanter:
calm down, don't blow urself out.

I know Nigeria is ur paramount headache but u were asked to mention agricultural products produced in Ghana as the largest producer in W. Africa or SS. Africa.

Everything is not diccc measurement.😂

Ogbeni, anything no be dick measurements at least, Ghana produces coconut , plantain more than any West African state.

They are more, You can do the research for yourself
.

chrisooblog:
https://africacheck.org/infofinder/explore-facts/which-african-country-worlds-largest-producer-yams

fact check, Ghana produce more plantain than Nigeria

chrisooblog:
https://businessday.ng/businessday-investigation/article/nigerias-shea-butter-production-hard-work-for-smooth-skin/#google_vignette

But I didn't say anything' more. Nigeria produces more but Ghana earn more foreign exchange on it than Nigeria including yam.

But Ghana produces more coconut and cocoa than Nigeria . Established fact.