₦airaland Forum

rvp20182:
Possibly. I create and sell software. And I take great pride in my work

rvp20182:
Raila-slowpoke - there is no one here who earns as much as I do and work as hard as I do. I work sometimes for 15hrs - and in btw my coding - I log to forums like this to dispense my knowledge - and do my civic duty.

rvp20182:
What is wrong with you Ghanians. University of Cape what? No 4 in Africa? Who died? Capetown university? Even best of Kenya UON - we are happy to be no 8 or 9 in Africa - you've got at least 5 world class south african universities. Why would you slowpoke imagine university of cape coast can be even in top 10 of Africa or west africa?? why?

Here is 50 acres - 30 acres planted with cocoa and someone is complaining. Kenyans with even 3 acres will not complain. Just admit your agricluture is stone age. I have seen Ghanians come to kenya and marvel at simple things in farming. 50 acres of tea - you can build your own tea factory. 50 acres of cocoa if Ghana was not a zoo you should have your own chocolate farm. Why not import cow semen and start rearing dairy ?


https://www.youtube.com/watch?v=dJ7EPj8LsrM

rvp20182:
What is wrong with you Ghanians. University of Cape what? No 4 in Africa? Who died? Capetown university? Even best of Kenya UON - we are happy to be no 8 or 9 in Africa - you've got at least 5 world class south african universities. Why would you slowpoke imagine university of cape coast can be even in top 10 of Africa or west africa?? why?

Here is 50 acres - 30 acres planted with cocoa and someone is complaining. Kenyans with even 3 acres will not complain. Just admit your agricluture is stone age. I have seen Ghanians come to kenya and marvel at simple things in farming. 50 acres of tea - you can build your own tea factory. 50 acres of cocoa if Ghana was not a zoo you should have your own chocolate farm. Why not import cow semen and start rearing dairy ?


https://www.youtube.com/watch?v=dJ7EPj8LsrM

gallivant:
That is your basis and evidence for thinking Ghanaian earn more? Lol

Maybe it's a lack of good tertiary institutions Ghanaian students find themselves overseas, or Nigerian presidents receiving medical care in London. Ever thought of that?

gallivant:
Not possible. When you say such things without a shred of evidence, it makes it difficult to have a constructive debate on the issue.

gallivant:


So why did Ghana implement a minimum wage in the first place? No country implements such a policy just for the sake of it.

rvp20182:
How much of that GDP is minerals... like Gabon and Eq Guinea.Your people earn less than a dollar a day...that crazy..in Kenya nobody will work for less than 4-5 dollars a day

gallivant:
Informal sector workers don't make too much money, or pay taxes for that matter. Most have no access to banking. Your economy is a joke. Bunch of gold miners and market ladies basically.

Just40:
First of.. Ghanaians earn far higher than Kenyans...

Secondly, we are picking retail prices of basic commodities of a bread basket.

So if I earn huger than you and I'm still buying things practically at lower prices than you, what will you call that?

Just40:
you're wasting your time... That kid has no understanding of what he post

gallivant:
Can you prove it? With sources please.

gallivant:
The World Bank must be lying then..

https://www.myjoyonline.com/wp-content/uploads/2022/10/food.png

gallivant:
Don't project your economic woes. It's embarrassing.

Ghana rank 1st in food prices in Africa

Read here:

https://www.google.com/amp/s/www.bbc.com/pidgin/articles/cjjvl9x253qo.amp

rvp2018:
KShs was said to be over-valued way back in 2019 I think - because it had stubborn stuck at 85-100.
CEDIS has depricated now to 157% - and there is no end in sight.
IMF deal unlikely until march earliest.
By then your economy will be dead like Sri Lanka.
What will stop the panic now? Who will restore confidence in CEDIS?
Now that IMF will take time.

rvp2018:
I wish you can concentrate on the sick Cedis - because kenya and it's macro-economics are just pretty impressive. Currency, Inflation, Interest, name it are single digit. We only have problem with debt to gdp but it still below 70.

When it come to Kshs - CBK job has been to ensure stability of currency - if it to depreciate - it does so slowly - because you want to avoid Ghana like panic now. CBK use to intervene to buy and sell forex whenever there was problem on the commercial forex market. Now it has allowed KSH to depreciate to 120 - which was the goal - and it's been done gradually - 1shs every month almost the last two years. IMF wanted it done "immediately" and CBK disagree - and they said ohoo KSH is managed - not free floating.

Now explain to us why CEDIS has dropped - and dont hide behind other countries - because CEDIS as we speak is 150% down - and world worst currency - and all other indicators are screaming murder.

Kenya is doing great. Ghana is in a midst of big crisis. Dont project.

Mkenya2019:
This a long diatribe that can be summarize in two sentence. Nobody trust the cedis because of it's history of hyperinflation. Your economy even when you re-dominated the cedis to 1:1 with dollar remain dollarized. Arresting dealers will make situation worse.

The solution is simple - watch your macro-economics - debt, soveirgn credit rating, inflation, interest rate - you dropped the ball and now Ghanians - both local/foreign investors - are racing to protect their money by dollarizing.

Kenya has no such history - apart from a brief period of six months in 1993 - when we moved from 20 to 60 to a dollar - now we are 120 - all those 60yrs.Therefore there is a lot of trust and confidence on Kshs. Your rarely see anything in kenya quoted in dollars - in fact it somewhat illegal to do that.

When it come to comparing kenya and Ghana - simple video of Nairobi or Mombasa or kisumu or Nakur or Eldoret is enough.

You see economic growth and progress is not found in data - it manifest itself.

When you go to Germany or Japan or US - you dont need to see their data to know it's doing well.

When I see Ghana - and I have seen lots of video - I see poverty, I see hawking on streets, I see almost informality everywhere, I see huge slumpolis without even single trees, I see Nigeria. I have seen both rural and urban places. I see farming that is almost stone age.

You can also see videos from youtubers who have gone to both Ghana and Kenya.

rvp20182:
Japanese yen or even Veitnam dong or South Korea won are STABLE. You dont see them depreciating yearly. In fact their problem is of no inflation.

You cannot talk about cost of living when you live in Zimbwabwe when currency has depreciated since independence by 150,000 to dollar now.

Kenya since independence - it's 120 to a dollar.

You cannot convince me that people income have risen by 3 times the last three months. Or 150,000 since independence.

Ghanians are wailing. You live in Zimbwabw or Zambia

rvp20182:
Is that why you cedis is now 150,000 to a dollar... remember you redominated the cedis,removed four zeros and peg it to a dollar..now it gone 15 times down..and you can bet income has not risen 15 times... unless you gov or private sector increase salaries.Youre just another Zimbabwe or Zambia

Just40:

Basically... Kenya is a true reflection of a zoo

Even junk like KFC cost a finger to get.. you can only wonder how many kidneys it will cost to get a boutique meal

rvp20182:
Mindless ranting.Which bank did Kenya gov acquire and why would it even do that.If a bank in Kenya get into problem, central bank closes it, protect shareholder money and is promptly sold to other banks.There are many such small banks in Kenya..and more getting license.Kenya and Ghana debt crisis did not start with COVID.It was already a problem.Kenya started to dial down and got into imf program as soon as it was available.Ghana delayed, continued to borrow and is now crushing. Debt market are not interested in long stories about dust..they want money in gov coffers.Kenya economy generates 21 billion annually in revenue.Its 115 billion dollars economy as of last year... likely to hit 120 billion this year.Ghana you're dead if imf doesn't come in quick

rvp20182:
Kenya is transparent.CPI include raw price data.Ghana doesn't.Hanke has flagged your inflation...for being grossly understated and people are wailing on the streets.

rvp20182:
Yours is an emergency - a crisis - a mess - and you better get IMF.
Not every country is going through a crisis - China inflation is 2%.
Kenya has generally breezed through all sort of global economic crisis
The trick is diversifying the economy and building resilience.
We don't depend on one thing...and of course we watch our macro-economics better.
This year was terrible as we faced Ukraine, drought and election.
Now we are about done with drought & election went well - so that already given us a lift.
Inflation is coming down...
I expect from 9% - it will come down this month to 7 % - which is our immediate target.
And next year it will be back to sweat spot of 5%.
We generally need to improve a few things - reduce debt, free up economy for more competition (too many SOES) and etc.

For Ghana - boy - 140% inflation.

obaaderemi:
Exactly what I said earlier on. His country had inflation of 5%
at the beginning of the year, now it's almost 10%. He would still be here arguing about other countries when his country begins to see double digit inflation.

rvp20182:
Kenya inflation...

This random from Today - it's almost back to 5% inflation.

UNGA 130 - from high of 250.
Cooking oil 5ltrs 1200
Gas 12kg 2100 from 2900

Maize flour need to come down to 100 - everything else looks good.

Then we wait for petrol to slowly come down.

rvp20182:
There is no industrial sector Ghana is at kenya level safe for aluminium smelting.If you're interested in an intellectual debate bring in the data

Just40:
You forgot to mention Bright Simons who alone is an institution on his own.. You didn't Mention Bernard Avle and his entire Citi Breakfast team even though I stopped listening because I felt they were far less critical of this govt than they were of the previous.

rvp20182:
Of course they falsified because they import almost everything. That is why their cedis is now dancing in it's own funeral Ghana style.