₦airaland Forum

AfriqueDuZuid:
*" imported 9.7 millions dollar worth of used cloth from italy in 2020. I don't have the figure for last year." *

Keyword Italy

and you couldn't read it from the stats that you imported worth bills exceed 9.7 million dolls

AfriqueDuZuid:
Those are actually clothes from within the country,

imports are mainly for collectors items

they are actually imported cloth oga .

You should search the picture and read the article . enough of nonsense

AfriqueDuZuid:
Collectors items how many times should I tell you the same thing

South Africa New cars markets adds over 1m cars on South African roads every two years.

Tax and duties l/tarrifs makes it viable cos they are for display, collectors items

Enough of the story , there are actually used imported cars in SA... A quickly google will exposed you to reality .

AfriqueDuZuid:
It's $2m not 9m dollars

Collectors items don't come cheap after all

do you actually check the figure I gave you....

Stop fooling

AfriqueDuZuid:
I am sure of what I said, used clothes and cars are imported for collection purposes.

If you look at where those used clothes came from you'll realise why those specific countries.


Even cars old vintage, are collectors items

9.7 millions of dollars cloth imported from italy is actually for business purposes.


Internet actually exposed you, this is one of the big market for used cloths in Mfuleni.

AfriqueDuZuid:
Like I specified on cars its mainly for collection purposes

they are many e commerce offering shipping of used cars to SA. It seems you loved imported japanese cars ....

AfriqueDuZuid:
How bad was it? Enlighten me

those countries I mentioned recorded a very high level of inflation that is above what is recorded for Ghana .

AfriqueDuZuid:
There are specifics in what is imported, like I said mostly are collection pieces

I have given you figure. You imported 9.7 millions dollar worth of used cloth from italy in 2020. I don't have the figure for last year.

Don't just beat your chest when you are not sure .

AfriqueDuZuid:
Ghana was up there with Zimbabwe and south Sudan, this just shows how bad things have been

nah, Ghana case was not as bad as Suriname , lebanon , zimbabwe and Sudan . Even argentina. You are reading the wrong side of the literature.

AfriqueDuZuid:
We don't do used cars imports! Only import for collection/vintage purposes... We have a thriving automative industry

No used clothes imports, we have a textile industry to improve

No used computer/cell imports

You are actually doing everything Ghana is doing except on a smaller quantity and a limited govt. Control

AfriqueDuZuid:
Used clothes? Used cars? Imported scrap?

Some things one will never know as they exist in certain countries

Anyway this is a developing country , we still have used items here , clothes, cars even computers and phones . The good thing is the importers have benefits from the rise of the cedis and they are bringing the price of their items down by 30 percent .


Are you telling me there is no used item in SA?

AfriqueDuZuid:
Brnt crude/Oil prices are what makes petrol price increases. Ghana has budget, debt repayments, fuel price, etc issues

Anyway I think South Sudan was only one with higher inflation

nah zimbabwe still remains the country with the highest inflation

Just30:
Ghana inflation only got to 50% , nowhere near the highest in the world.

he probably want to talk about the cedis devaluation. He actually didn't get the dot. No where has Ghana ever recorded the highest inflation.

AfriqueDuZuid:
Which commodities?

You'll learn if you can study Ghana matter with a critical eye.

I am a man of fact ....this is one of them apart from the GPRTU. Try to learn.... You are a bad student ....



This is a used cloth bought with dollars .

AfriqueDuZuid:
Again I'm no student of yours

it doesn't matter . I am simply a student willing to learn anything , anywhere

AfriqueDuZuid:
In SA, transport fares never come down, even if petrol prices to record lows

that is simply what I am saying , in Ghana , transportation fare comes down and commodities prices comes down as well. Because govt have a way of appealing to the market even though we practice free market economy. Appealing and negotiation still works.

AfriqueDuZuid:
Public transport is subsidized already

I am asking if the price is down . Subsidy exist in every sector in one form or the other . Don't be a bad student . Do you have your transport fares coming down since the fall of the fuel ? I think Ghana is the only country that have done it . You can bring an evidence to disagree

GeneralDae2:
Some say Ghana used her little reserves to shore up the cedis and this is why they had to announce a halt to their external debt servicing. However, I can’t find any official report to this claim, does this have some atom of truth?

nah, there is suspension on any external debt payment for now, that increased the liquidity anyway but it wasn't enough. the actual reason is the continue buying of forex from mining and oil sector , the increased of forex from remintance and couple with the staff level agreement with the IMF . When we reached the board level, the economy will have fully recovered.

AfriqueDuZuid:
Fuel prices going down is a global trend
Same goes for falling inflation

it is a global phenomenon , true. So do you also have your public transportation prices coming down . Since that is the only fact you pick from the write up.

AfriqueDuZuid:
You saying Ghana is out of the woods is far from the truth.

Kenya new tax regime, may lead to exodus of companies changing base if they haven't started already.

Ghana is absolutely on the verge of comeback . The debt exchange program is geared toward maximizing macro economics condition. By middle 2023 at most Ghana will have fully come back . At least , there is less pressure on the cedis now. Inflation is gradually coming down.. prices of some commodity are halved by 30 percent since the beginning of the fall of the dollar. We are getting the inflation in check. Fuel price is also down.

Our public transport service have reduce their transport fare ......

rvp20182:
You don't understand what it means to go burst... recovery could take 20yrs and all his efforts are now wasted...how many great companies or countries have gone belly up.Dont think this some joke

I can't comprehend your nonsense .

rvp20182:
What do you mean.. Nigeria and south Africa are in imf too... everyone run to imf when covid hit except stupid nana who run to eurobond.You should have him hanged in Nkrumah independent square upside down because he has destroyed your economy and taken you at least a decade back... building trust in debt market will take time

Calling someone who achieved more than kenya as an individual ""stupid "" is an act of stupidity on his own , you are indeed stupid Nana has an individual achieved as an individual than a nation called kenya. Most of what your govt borrowed money for can't be counted for, there is no single project that can be shown by your government worthy of the expenditure. Check the railway line for instance ( it is a burden ) They are overpriced and overlooted at the same time. The government is only eating from his debt and sinking you idiot , that is the only difference from us . Killing you with high Increased taxes which they will loot at the end . They are borrowing to loot. Your parliament is as corrupt as anything. They are hiding too many things from you idiot. Let them show you the agreement they have with china firstly incase they default.

Some prominent human rights activists seek to know the agreement , they collect court injunction but your Govt failed to honor it. That is a backwater

So kenya are also begging for imf assistance .....

Kenya case is actually worse than Ghana but they choose to talk less about it .

Just30:
That one is not a problem at all

one thing I so much admire about this present parliament is their ability to scrutinized anything . Too open . So many africa parliament hides many thing from public . And the populace will be thinking everything is well.

Just30:
completely not needed but this govt will do anything to screw it bond holders in a tit for tat game that it is playing...

All because it selfishly pumped a lot of money into oil investment rather than getting partners to partner with in development.

At least it shows that Ghana is serious about achieving debt external insuring by the 1st quarter of next year.

Check it out ..... Russia said IMF bribed Ghana

So people are moving to Ghana for job hunting.in this hard time

A Ghana statistical service research on migration has revealed that the leading drivers of immigration to Ghana is employment (36.9%), settlement (22.7%) and marriage or family unification (25.0%).

Just30:
Lunatic

No one has defaulted except Kenya and that is why your country is facing depression for the next 30 years and looking for countries to join in your misery.

By the time you guys will be able to reduce your 2 items consuming 140% of revenue, most of you Kenyans would have become like Turkanas

Even after years of Kenya being offered debt relief by China, the WB and Ghana even negotiating debt relief from your Eurobond holders on your behalf, you guys still managed to default on 4 debts and ran to the IMF on stretchers.

This is madth......

rvp2018:
You're bankrupt because you waste money. 1962. 1972.1982. 2022. Next time dont waste money in the Northern Region or paying nurses Allowances.

We invest in Nairobi because it's goose that lay the golden egg. Why would we invest in Turkana that size of Ghana almost and has few people.

Now Ghana that literally mines money or gold in their field is BANKRUPT. And everyone knows why - wasteful expenditure.

only fools like you take you seriously., You worried about baseless ranting....Ghana is on the speed of recovery...

This is the kind of story I take seriously when I sees one .


Your fellow countrymen are dying of hunger

rvp2018:
Your country is tiny - one can drive round it in a single day. Most of it arable. Kenya is different. Small part of it is arable - the rest is mostly semi arid and arid. Your country is populated all over. Kenya isnt. Why would we build highways in desert?

saying one can drive within Ghana in a single day is an act of slowpoke. It takes you nothing less than 20 hours drive from Accra to zabzugu in northern region of Ghana for example , how is it tiny . The northern region for example is about 71 square kilometres. How is that tiny ? Are you an idiot. Ghana is not populated all over ...it is just a courry of 30 million people ( Accra and Kumasi has taken 1/ 3 of the whole total population) ).

You are only explaining how underdeveloped your country is . Nigeria war turn bornu state( northern area) is as developed as Nairobi...

rvp2018:
Kenya has 5 cities now in populated areas.

Again, study this map keenly and explain what and how we would justify spending money in semi arid wasteland.

Majority of those places should be left for wild animals, forests and such.

Good reason you shouldn't be comparing your hell-hole of a country with any west africa state. A far remote area in Ghana enjoys all the basic amenities nairobians will enjoy.