₦airaland Forum

TheChameleon:


I'm a fan of Traore... a fan of kicking out the French who are evil colonizers.

Nigerians don't appreciate their country, but trust me, we are like USA to most of West Africa; Senegal & Cote D'Ivoire somehow exceptions - even those places no get anything beyond the Capital City. French bled their colonies dry.

But when I tell people the reality on ground in Burkina Faso, they type garbage to me.

Over 95% of the so-called achievements of this guy are fiction. He has a very well oiled propaganda machine.

And Burkinabe dare not say anything against him, you will be sent to the war front ( they have a Boko Haram type of insurgency)

Most if not all West African Francophone countries have National ID Cards with a well kept database. Your details and address are all there. If you talk out of turn, less than 15 minutes, soldiers are at your doorsteps. Lagos alone can contain 2 countries. Imagine a country no bigger than Oyo or Anambra.

If a girl visits you at the hotel, the hotel reception will take her national ID card and when you see her out, she collects it back. Don't ask me how I know this.

Take your country back from heartless France but omo, your lies are too much.

Burkina Faso is so bare with decades of destruction and non development that a miracle can't happen there in a decade.

I can boldly say is like Ebonyi or Gombe or Ekiti State. Anyone that's ever been there, we can compare notes

why do you guys do this to yourself.

You will be in one corner of your bedroom and be hyping nonsense. Which Nigeria is the USA of West Africa ? Nigeria economy is indeed big based on the population but the economy is not a successful one(Too many poor people in the country) Nearly every West Africa states has a number of Nigerian citizens in their country doing low to end kind of jobs. From prostitution in cotonou to selling of sachet pure water on the street of Accra. Just imagine and you call Nigeria the USA of West Africa? Who is deceiving you?

And mind you, burkina faso might be facing infrastructure deficit(She is indeed a poor country that solely depends on agriculture) but when it comes to size , it is by far bigger than Ekiti, Gombe and Anambra you mentioned. Infact Burkina faso Is bigger than UK. Fact check me. While Niger Republic is bigger than Nigeria. This country are French West Africa.

And when it comes to infrastructure, there is no indication Nigeria is developed more than Ghana in every ramifications except
you are talking about population . In fact the opposite might be true.

Undisputed fact ......

Just40:
if you earn in cedis, you can literally spend like a king in most part of Africa with the few exceptions being SA, Morocco (don't know much about Libya, Egypt and Algeria at the moment).

You are a big boy. Smart 9ja boys are buying dollars in GH now and selling it in 9ja. Making a double profit


Though a bad idea for the economy. But a smart buisness move for 9ja citizens .

theenchanter:
Cedis is one of the most worthless currency in Africa. Big on exchange rate, little in value.

for the sake of your normal tantrum . Yes. But naira now leads while cedis is at a distance 10000th

Just40:
The cedi has actually been one of the most valuable currency on the continent, you won't understand this until you see what a mere 1000 cedis is in Nigeria

that is 117,000 naira' as at today exchange rate .


Black market rate 122,000 naira

Chucks13:
These are cultist. Can't you ask why all in red, is red burial uniform?

ogbeni, Red uniform signify mourning in Ghana just like how white attire signify mourning in China.

Ghanaian uses red and black cloth to indicate they are sad. Nothing attached to it, rather than cultural practice

I don't think any other african currencies have gained as much value as the cedi in the past two weeks.


Official figure from the bank of GH

And it is

forgiveness:
Your are right about 5 Cedis was equivalent to 50,000 Cedis then and now.

Imagine using 50,000 naira to buy a bottle of Coke just like you are doing with 50,000 Cedis to buy Coke now.


Mr man, Ghanaians know the truth. The inflation is that country is worse.

Now, I know naira has been dismantled due to removal of subsidy but I still know the real value of naira is underrated.

It should be 700 per dollars but some mischievous people are destroying the currency.

The president knows what to do but he is thinking about reelection so he doesn't want to step on toes otherwise I don't see reason there should be exchange of foreign currency over the counter.

The day CBN governor stops people from collecting foreign currency deposited in the domiciliary account js the day dollar will crash.

Anyone who deposit foreign currency in a domiciliary account should not be allowed to collect back in dollar. Instead, naira should be given.

You can use your credit card to transfer money abroad if you want to buy or pay for something.

Anybody who wants cash must provide his visa and flight ticket. However, he will collect the money ones he checked in at the airport from the bank.

the few bolded are the one worth my response, while the remaining are not for me , see your minister for finance if you have a brilliant idea.


The 50,000 cedis is now five cedis by redenomination. This has not in anyway affect Ghanaian negatively, rather it has boosted local economy.instill confidence and prestige on the local currency. Infact GDP per capital and purchasing power has increased.

Making the money accessible to average Ghanaian.

The second bolded. Stop imagining, put it in reflection of economic reality. A bottle of coke is around 3 euro ( average bottle) in Europe compare to about 300 yen in Japan . Same bottle . It does not mean Japanese are buying it more than what it is obtainable in Europe cus from Japanese purchasing power , you could see they are basically similar. Infact much more better in Japan .


Anyway regarding the inflation rate. Ghana is presently doing better than Nigeria. A fact you can googled.


Nigeria is not the only country that has removed subsidy on oil , similar thing with Ghana. Infact Ghana was doing it way back

GeneralDae:

Lots of balderdash but I would ignore (no time to argue). I made a point which you are ignoring

.

Bring fact not some kind of paralogism. Why is it balderdash according to you? And again you are avoiding the earlier bolded part where I ask you to expatiantiate.

Ghana could no longer service her debts in 2022 and defaulted

and similar case with Zambia , Ethiopia and some few other countries, it is just that Ghana has perform better than this countries economically now . Well this is due to global shock that comes with COVID 19 and some other fiscal mismanagement. Nigeria also suffer the same issue when your debt service exceed your revenue , you have no other option than to borrowed( adopt debt refinancing ) but Ghana rather create a fiscal space by adopting debt suspension and haircut which made more sense. imf loan becomes the next alternative since they offer affordable loan and also have flexible payments plan . Ghana want it cheap and economical, therefore Ghana adopt it . So instead of borrowing to pay loans that Nigeria was doing or pay major salaries .Ghana rather opted for debt service suspension and haircut.

.

Because of this, most of your foreign debt servicing have been paused since early 2024 at least.

Yes to create more fiscal space for a healthy economy. Therefore leading to the strengthening of the cedis and more space to continue with govt pressing needs. Argentina and Peru once adopt it . Check them today.

At least it has make the The question is why has cedis been struggling even with all these?

cedis is not struggling but rather appreciating currently... And it is expected to become stronger according to major analyst.

Nigeria adopt debt refinancing, Ghana adopt a combination of debt suspension and haircut . If you ask me which of the option is more smarter , I will say the later. And if you want to know why. Read about haircuts in financing.

forgiveness:
5 Cedis is 5,000 Cedis actually. Imagine using 5k to buy Coke. That Cedis is overrated.

You are actually wrong, five cedis is the old 50, 000 cedis not 5000. Now let me convince your brain , when Ghana was using that old price , Ghanaian purchasing power was way higher so that 50,000 cedis is just a single paper note .

This is expected not to stressed an average Ghanaian out.


Similar case is reported in Japan and China where they have their money in volumes but it doesn't affect their purchasing power.

For you to know a country citizens spending power , look into their purchasing power. For you to check on their poverty level , look at the GDP per Capital. In all this, Ghana has left Nigeria behind

GeneralDae:
Affects Ghana in what way compared to reduction of crude oil prices? Hasn’t gold been climbing? Your biggest export is gold which has been on the rise coupled with the fact that you service very little foreign debts.
Nigeria’s biggest export is crude oil by far (which has been falling), so what do you expect?

The current Trump tarrif affected 60 or more countries and Ghana is not exclusive . Do you even know Ghana and Nigeria has nearly the same structure of economy. I mean the remittance inflows and export on earning on natural resources are nearly similar .Ghana also earn on the same oil even though it is insignificant compared to Nigeria. Apart from commodity like gold and cocoa, I do not see much difference.

Ghana is currently introducing fiscal and monetary policies which is given the investors confidence in keeping their money here therefore shoring up stability in the economy.


And again, dollar is currently weak globally apart from Nigeria and some few others countries. Dollar is currently falling against major global currency. This is also creating a favourable conditions for emerging market currencies like the cedi too.


So naira needs to also improved on its fundamentals



You are yet to exapansiate on I what I asked you to do

GeneralDae:
Naira is 1590/1600 to USD. It was 1500/1530 for about 3 months until Donald Trump’s tariff issues early April which spiked our Eurobond yields from about 9 to 13% due to investors fear of low oil prices. The continuous low oil prices as well means our Central Bank may try to maintain at 1600 levels for a while.

Ghana on the other hand, is under an IMF program and free from a lot of foreign debt servicing (for now until 2027) which gives you a chance to boost your reserves and strengthen your currency [b]but I don’t know what’s happenin[/b]g.

exapansiate?

American new tarrif also affects Ghana

forgiveness:
Value of that Cedis is same. Imagine using thousands to buy coke.

Yes, with the redenomination, we now coke with a unit cons 5 cedis. Even when it was in thousands cedis , Ghana purchasing power make it avoidable. So not a biggy

GeneralDae:
I expected cedis to be strong months ago given the high gold prices. So good one.

I was even told from a reliable source that naira is trading at about 115 to a cedis .

forgiveness:
100 cedis is 10,000 cedis. 10,000 Cedis is 1,000,000 Cedis. I am just remembering you about the 3 zeros yanked out of your denomination.

Yes cedis was redinominated. Even at that Ghanaian were earing in millions back then . Now the redenomination turns Ghanaian into thousansnaire in Gh and a millionaire in 9ja .

Yet the value remain the same

Laugh louder

GeneralDae:
The Dangote Group is set to construct a sugar refinery in Kwame Danso, in the Bono Region. The facility will boast a daily cane crushing capacity of 12,000 tons and will support irrigation across 25,000 hectares. The refinery is anticipated to produce sugar, molasses, and ethanol.

@vaxx, @Just40.

Good news. This would kick off alongside Dangote’s ongoing $700 million sugar investment in Nigeria

good investment for Dangote foresight.

100 cedis is now 12 thousand naira and 10,000 cedis is now 1.2 million naira.

There is a whole of money to recoup back home for Dangote and a good job opportunity for Ghanaian youth. A win win for both countries.

descarado:
Abroad, your exam script will pass through a lot of hands for review before you see your grade.
You will also get feedback.

By the way, they still use pen and paper to write exams in naija universities?

Incredible!
What is wrong with this cantry?

buy what is wrong with the use of pen and paper? Even in Harvard , own and paper is still used .

If you can't go thru the front page. fact is different from fiction.

TWO DECADES OF 9ja & ARGENTINA GDP

2006 — 🇦🇷$232.9bn | 🇳🇬$$222.8bn

2007 — 🇦🇷$287.9bn | 🇳🇬$266.3bn
2008 — 🇦🇷$363.5bn | 🇳🇬$335.4bn
2009 — 🇦🇷$334.6bn | 🇳🇬$302.5bn

2010 — 🇦🇷$424.7bn | 🇳🇬$374.1bn
2011 — 🇦🇷$527.6bn | 🇳🇬$419.9bn
2012 — 🇦🇷$579.7bn | 🇳🇬$467.2bn
2013 — 🇦🇷$611.5bn | 🇳🇬$521.9bn
2014 — 🇦🇷$563.6bn | 🇳🇬$576.0bn

2015 — 🇦🇷$642.5bn | 🇳🇬$494.3bn
2016 — 🇦🇷$556.8bn | 🇳🇬$405.0bn
2017 — 🇦🇷$643.9bn | 🇳🇬$375.8bn
2018 — 🇦🇷$524.4bn | 🇳🇬$421.7bn
2019 — 🇦🇷$446.8bn | 🇳🇬$474.5bn
2020 — 🇦🇷$385.2bn | 🇳🇬$432.3bn
2021 — 🇦🇷$486.0bn | 🇳🇬$441.1bn
2022 — 🇦🇷$632.3bn | 🇳🇬$476.5bn

2023 — 🇦🇷$645.5bn | 🇳🇬$363.8bn
2024 — 🇦🇷$632.1bn | 🇳🇬$187.6bn
2025 — 🇦🇷$683.5bn | 🇳🇬$188.3bn

#Statisense
(IMF WEO Apr 2025)

theenchanter:
no be only u them dey ban... And it's not about expressing ur view or not, it's about what u're saying and how u're saying it.

Just stay clear of cuss words and u're good.

you are a lier , there is some certain set of algorithms that you or someone managing this thread has instructed the system to follow, immediately vaxx made mention of those words ( not necessary profane ) vaxx got ban immediately

Most of the blocking on this thread aren't caused by anti spam bots but a deliberate attempt to stop you from experiencing your views . Una too get low self esteem.

Bank of Ghana Gold reserve

POKUASI2:
Yet you're borrowing maize and rice from ecowas
ECOWAS demands repayment of 27,000 tons of food aid from Ghana
April 15, 2025







By: Deborah Pofara Luu

The Economic Community of West African States (ECOWAS) has called on Ghana to return 27,000 tons of maize and rice borrowed in 2018 to address earlier food security challenges.

The demand was revealed by Ghana’s Minister for Food and Agriculture, Eric Opoku, during the launch of the government’s Feed Ghana Programme on April 12, 2025

The Minister for Food and Agriculture disclosed that ECOWAS leaders recently visited his office to request the repayment of the food stocks.

“They said Ghana owes them rice and maize of about 27,000 tons, which we borrowed in 2018, and that they are asking that we refund it,” he said.

keep repeating the same thing Nigeria is also doing .

POKUASI2:
Your motivational speaker president went borrowing maize and rice from ecowas after chanting aid for trade?
After planting for food and jobs was feeding the entire sub region?
So, same Ghana that claimed PLANTING FOR FOOD AND JOBS was feeding the sub region —turned around and borrowed food from ecowas food bank??

ozuor , that is the purpose of Ecowas food bank. You borrowed and pay back later. Since you also contribute to it .


Nigeria is a regular borrower from the same bank like Ghana

POKUASI2:
what is ECA?
What is the functionality of ECA.
how do you have money in ECA when oil is selling Below budget projection.

Nigeria had once enjoy large growth on oil revenue, in this context , it is the management and distribution of this oil revenue that is facing critical issues .


My reply already answer you repeated question , read again.if you must learn the functions of ECA.

POKUASI2:
Yet you're borrowing maize and rice from ecowas
ECOWAS demands repayment of 27,000 tons of food aid from Ghana
April 15, 2025







By: Deborah Pofara Luu

The Economic Community of West African States (ECOWAS) has called on Ghana to return 27,000 tons of maize and rice borrowed in 2018 to address earlier food security challenges.

The demand was revealed by Ghana’s Minister for Food and Agriculture, Eric Opoku, during the launch of the government’s Feed Ghana Programme on April 12, 2025

The Minister for Food and Agriculture disclosed that ECOWAS leaders recently visited his office to request the repayment of the food stocks.

“They said Ghana owes them rice and maize of about 27,000 tons, which we borrowed in 2018, and that they are asking that we refund it,” he said.

Ecowas food bank ozuor .

It is like this mumu doesn't know Nigeria also borrowed food from this bank.


Go better school una say no