₦airaland Forum

rvp20182:
I see the ratio of insults versus polemic is getting better - but there is still a dearth of facts.

Modern democratic gov like Kenya has
1) Independent parliament - that amended the law introducing interest rate capping after popular demand from citizens.
2) The executive - led by the president - who for expedient reasons (the election was in 2017) did not veto the law despite Treasury advice.
3) Independent institutions like Central Bank of Kenya - who opposed the rate capping - and went to court.
4) Independent Judiciary - that for example annualed 2017 presidential election - 1st in Africa - and also declared the rate capping unconstitutional for interfering with Central Bank mandate to manage the macro-economics of the country- and gave Parliament one year to make the neccesary changes.

Now that rate-capping has been done away - risky sectors like real estate that had been outprized - will now be able to borrow at 16% instead of 13% - and the money will flow again to the sector. We also have huge housing agenda - with intention to build 0.5M housing units.

IMF had two main issues with kenya - rate-capping (history now) - and our GDP to debt (we were pilling debt - deficit bla) - and we are sorting that - because we are no longer leveraging - but mostly debt-refinancing.

We are far from calling for IMF bail out. In fact if IMF gives us the 1.5B dollars - it very unlikely we will ever withdraw it - our economic fundamentals are good.

As regarding to Ghana - what share of minning and oil (extractive industry) in your GDP? Answer without lacing it with insults.

We can be friends you know - this is about Ghana a country - not your mother. So don't personalize it

spare me the thrash, ,policy and laws governing micro and Marco economies are passed in parliament based on informed judgement which set across country budget , financial stability and current revenue .... laws aren't passed blindly . your parliamentarian were too deluded to foresee what such policy will have caused. You can imagine the retrenchment in social development ....

Your 1.5 billion agreement was recently abrogated when IMF found that you are a mess ....

rvp20182:
I have give you a synopsis of our rate-capping experiment in another reply - as for cement - it's easy - we are talking cement because it's a pretty good indicator of development. So it's a pertinent issue.

My theory is our cement production & consumption tapered off due to interest rate-capping outprizing the real estate & construction from the credit market.

If you get me Ghana's cement consumption and production from say 2008 to 2018 - and we juxtapose them against kenya cement data for the same time period - we can see if my theory is right or wrong.

I am not betting on it. This is probably beyond your paygrade.

Your parliamentarian acted on emotional interest of the public which is very bad to the micro economics stability of your country.. Your parliamentarian rejected all economical fundamental and manage to romance the policy which back fire and hunt the progress of your nation so badly ....

The cement consumption rate of Ghana has exposed your nation has a less developed nation . the fundamentals of your economy rely heavily on debt servicing which is gulping down on your economy forcing it to spend less on social development but more on servicing debt and salaries . it is impossible for such country to trash down the poverty ratio...which stinkly stood at over 40 percent of your total population. meaning over 20 million Kenyans are very poor.... what a drastic index ....

it is stupid when you failed to know each quater of a financial year can change a whole lot of economy index. Ghana cement consumption rate expose your underdevelopment....And Ghana continue growth and rapid expansion proves that such rate is not stopping from any time soon .

Jonraid:
The debt decreased marginally,marginally!

one thing about you is your truth...pls factor that into percentage to correct me.....

rvp20182:
Again when it come to macro-economics - you have it worse than Nigeria.

Kenya commercial external debt has risen because we have flouted two Eurobonds (6B dollars)

Here are Kenya external debt register - as of Sept 2019.

You want me to read blog again ? Anyway you are lying ....This is from your central bank


....https://www.centralbank.go.ke/public-debt/


On going deeper to check your micro economics, Nigeria indeed is a paradise since Nigeria can comfortably look for more oil or scale up gas production and jump back to its foot. Your goverment is the greatest scammer of all. You are poor nation.

rvp20182:
Kenya is B+ while Ghana is B
https://tradingeconomics.com/kenya/rating
Standard & Poor's credit rating for Kenya stands at B+ with stable outlook. Moody's credit rating for Kenya was last set at B2 with stable outlook. Fitch's credit rating for Kenya was last reported at B+ with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kenya thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kenya as reported by major credit rating age

This dude is mad I swear where is 2019 data ? I told you earlier in economics. A quater of financial calender year can turn things around. Anyway by standard and poor (2019) Ghana credit rate is B+ that of kenya was not given while moody is yet to roll out kenya credit rate. but suggestion from IMF and mody suggest it is fallen particular when the goverment debt has grown to 30% of commercial bank assets.


your commercial debt has rose to 34.4% of total external debt, up from 6.4% in (2013).

Just30:
what the fuc**k

Ghanaians rejecting their currency
Only in your head.


the only things Ghanaians reject are the small coins that can easily be swallowed.

That guy is a fence sitter ....he will not reply you....just let him be...



Kenyans will be touched today anyway ....

Jonraid:
I don't think folks who have been bailed out a countless of times by IMF have the moral authority of teaching us economics!

https://www.economist.com/middle-east-and-africa/2019/06/22/after-its-16th-bail-out-ghana-hopes-to-put-the-imf-behind-it

Sirens wailing, a black government car pushes through the traffic, past the beggars and street vendors, up a potholed road. Vehicles like these, the perks of a growing number of political appointees, are a common sight in Accra—and a source of popular outrage. Since Nana Akufo-Addo took office as president in January 2017 the number of government ministers has soared by 42% to 125, each with a car, guards and a taxpayer-funded home.

Outside Ghana Mr Akufo-Addo has been hailed as a hero. When he was sworn in, it was as if he was a passenger in a plummeting aeroplane who had just been handed the controls. His predecessor, John Mahama, had taken a high-flying economy—growth was 17% in 2011 thanks to the first production of oil from its Jubilee Field—and promptly put it into a nose-dive. Under Mr Mahama inflation soared, the economy slowed and public debt ballooned, with much of the borrowed money squandered on higher wages for public employees.

IMF Don't manage economy, they give advice instead ..... Your country poor credit rating fercility is a testament of your poor governance. seeking IMF relieves isn't a biggy , but ability to manage the cash . your country was heavily under the high grips of China. you can't continue borrowing from one Paul to pay Peter. it doesn't work that well. IMF understand this and that was the good reason for stopping the credit arrangement with you

Hopefully your Chinese debt case wouldn't bring you to become economy handicapped like Sri Lanka.....

rvp20182:
You're only ahead because our real estate has been having some trouble - which are now history. Before 2016 - our cement production & consumption - has been growing at double-digit. Now it's been regressing. In fact we use to do double Tanzania - but the laggards are catching up - as a credit to the housing sector has been basically frozen for 3yrs now.

Therefore we cannot use cement consumption per capita to blindly conclude you're doing better than Kenya.

https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html

Now that issues have been resolved - expect kenya cement production and consumption - to recover and zoom past the laggards.

Of course because our economy is well diversified - a problem in one or two sector - doesn't send us to IMF ICU room.

You keep hiding under interest rate capping as if it is not a flaw from your governance. Your poor lending ratio push up the idea by your parliamentarian to introduce capping .... forgetting the impact on your micro economics performance ..... Per head is a factor in economics, it averagely give a valid judgement opinion on who is doing better . concrete statistics has proven we are doing 8 million in 2018 but you foolishly ignore that and drag up dangote who is just a secondary player in the cement industry in Ghana to form your porous opinion. An act of madness. so economically, per dangote 6 million 2018 data , we are doing far better than kenya ....



Either per head or per consumption, Ghana is miles ahead of you.

rvp20182:
Again ignoring the insults, this is long on polemics, and short on facts. Actually now that I checked your cement production was actually about 5.2M metric tonnes. Kenya would be around double that - if it was not for interest rate capping.

Our real estate sector has declined by 20% annually since 2016 (rate capping outprized the industry) - and cement production & has flattened out
https://www.nation.co.ke/business/Real-estate-sector-performance-dropped/996-5305698-1i2llt/index.html

Now regarding Ghana - your economic looks like a war-torn nation - growing 20% this year - and then 1% next year - then you call for IMF bailout - IMF come to Accra and fix it - and you repeat the cycle.

Honestly without your mining and oil industry - GOLD COAST aka Ghana would not be any different from Somalia.

You are making more noise . what causes the introduction of your goverment to cap interest rate? if not poor governance tell me ? You lending pattern as been sluggish for a while now and it is evident in the performance of your micro economics . even your credit rating has suffer set back ....making IMF skeptical of further borrowing you....

Idiot , Ghana economy growth is majorly broad based not entirely oil and minig . Non-oil GDP has increased from 4.6% in 2016 to 6.5% in 2018 and is projected to reach 6.0% in 2019 and 6.7% in 2020. that is our non traditional commodity.

Just30:
GOIL is not a private company, ADB is not private

sure , but so the minister be willing to list it without privatizing it. that make more sense to me. additional money to both goverment and citizens

rvp20182:
I am patient - and I have lots of time - because I am on my vacation.

Cement Industry Ghana.

Ghacem is the country’s largest cement producer -With a 54% market share.
Diamond follows with 33%,
Savannah with 13%.
Dangote 5%?

So basically if we focus on Ghacem - we will know just how big your industry really is.

Ghacem last year sold 56m bags (56*50=2.8M metric tonnes)...and this year they are targetting 60m bags.
https://www.globalcement.com/news/item/8675-ghacem-aiming-for-3mt-production-target-in-2019

So we can conclude that Dangote was right - Ghana last year cement consumption ( again I am being generous - not sliced those exported) - was 6M was be tops.

The accurate figure.

54%=2.8m metrics tonnes....100% =5.2m metric tonnes in 2018

Even at 6 million dangote report you claim to agree with . we are still miles ahead of of you per head . you need to consume something around 10 million to beat that?


Your failure to accept corection is a testament of your stupidity and ignorance.

Just30:
you are really stubborn oo

how hard must it be for you to accept common facts

you can go back 6 pages for the 2018 figures of Ghana
while Ghana was consuming 5.6 million metric tonnes from 2008 or so


with a steady growth, Ghana consumption has grown to a disputed 8 and 8.6 million metric tonnes in 2018 whiles production is at 15 million

disputing it will not make the figures less true
or you want us to go to 2019 economic data from both countries.

since we both know that, when people become more wealthy, they spend more on luxury homes and cars.

the purchasing power of a Ghanaian is 6300 dollars or so and that of a Kenyan is 3000 dollars.
This is why the cement consumption level of Ghana is double that of Kenya.

arguing it will not make it less true.

The guy is just daft ? 2015 for a discussion of 2019.... what a stubborn idiot ....

Just30:
I told you yesterday that

ECG will be listed on the Ghanaian stock exchange.
If ECG gets listed, the pressure will move to list VRA unto the exchange as well

The finance minister just indicate that on the 17 billion dollar.... that will improve the market capitalization of the stock exchange but on VRA.... that will be interesting. Ghana stick exchange will becoming powerful.....

ECG can only be listed if it is privatised I guess . so let's wait and see how goverment is going about privatizing it...

rvp20182:
Your base insults is not a substitute for a sound argumentation. Try it on someone else - it doesn't work on me. I am laser-focused on facts - always.

1) I gave you kenya cement data - if you can find me something nearly similar - that would be awesome.

2) Spend some time to familiarize yourselve more on kenya economy if you want to argue.

3) Kenya was last like Ghana in btw 1993-1996. It was the worst economic period in Kenya history. That Ghana is there on normal year is shocking. That period of 93-96 took some years to clean up - including firing many civil servants. That period saw Kshs drop from 20shs to a dollar to something like 50-60shs - and as high 70s. Interest rate shot - with MPR at 20-25.

I am not sure if we had IMF bailout - but what I know - Moi lied to IMF for a record 5 times and never really implemented whatever IMF mission wanted in 90s.

https://tradingeconomics.com/kenya/interest-rate - check out 25 yr data series.

4) That period 93-96 saw Kenyans for first time lining up in a long queue to go abroad. I think Kikuyu probably left around that time. That this happens now in West Africa is not surprising. You are living through a horror nearly most of your life.

5) After Kenya kicked out KANU party in 2002 - the country made a turn for the better - and queues literally disappeared - I personally had no reason to go abroad like my previous generation. Kshs grew strong from 70s to highs 60s - and over that period - to now - when many africa currrencies have tumbled over - Kshs have depricates from Kshs 63 to Kshs 100 - possibly one of Africa Strongest performance.

6) Pre rate capping - Kenya MPR was hovering btw 7-9% - and post MPR - it got stuck there - because CBK was trying to help banks. Kenya interest rate pre and post rate capping has never been worse. The average post 2015 - lending rates is around 15%.

7) Kenya has not been in any IMF bailout programme. IMF gave kenya an standby facility of 1.5B dollars during the period when nearly all africa currencies were tumbling down. And we never withdrew even a coin - because Kshs was resilent.

At the time of the inception of support, Fitch-rated African sovereigns under IMF arrangements in 2017 (excluding Kenya, who considered its IMF arrangement precautionary and has not drawn on it)
https://www.ft.com/content/a279ecd6-2908-11e8-b27e-cc62a39d57a0

Please don't tell anybody else about Ghana macro-economics - shush it. They are horrible. Kenya have always had very good macro-economics except for brief period of early 90s - but from 1963 to 2019 - things been very good.

9) Kenya has NEVER ever defaulted. Not even when we had sanctions from west in 90s. Nearly all African countries collapsed at some point but Kenya is one of those rare countries - because we have always had a well-diversified open market non-mineral economy .

Kenya economic resilience is well known - in fact when the west were crashing economies in Africa, toppling gov and installing dictators or military - they never were able to replicate that in Kenya. Kenya has never failed to pay salaries or pensions or meet it's an obligation in it's entire history.

I actually bully idiot ( I mean those who don't use their personal brain but follow mantra like a deluded he goat ....


1 The two factual information I have given to you are objectively verified and you keep on rejecting because dangote assumption says otherwise? even with dangote fact at 6 million consumption rate, the fact keeps telling you on you your face that Ghana isn't kenya mate. the per head diffrence is just too huge , you may need to gulping at 13 million consumption rate before you can meet that .


2... I actually know kenya economy model now and i can give you an informed judgement which we be better credible than you idiot . As an informed mind myself , I only need just a handful of some literature about you economy model. and that will be enough to give me valid judgement .


3. You stupidly don't know one quater of a financial year is enough to turm around economy ? yoir present worrisome economy was what Ghana was facing in early 2000. borrowing to pay debt instead of following a payment plan from the revenue of a nation or on bilateral trade which sound more prudent and better less risky.... Ghana current monitary policy remain at 16 percent and lending rate at 24 percent while yours even at capped was 18. An easy thing for goverment to-do In Ghana but not prudent because of the flaws effect it will have on microeconomics . Kenya case is a typical example .


4. ..Your kenya history of bad economy management is still not diffrence from now, your economy hardly grow above 4 percent which is the same everywhere except for Nigeria, Angola and south Africa . egen at that , your 4 percent growth is not translating into the living standard of kenya . you have barely manage poverty and hunger. You are still a high net importer of food amd at a very high riak of food shortage . you have been identify as emergency nation unlike Ghana, cote devoire, Ethiopia and ruwanda who still maintain 7 percent growth. and directly keep improving the standard living of their people . very soon ruwanda will overtake your position, their HDI is improving sonfast and better than country in east Africa.

5 comparing your massage economy to that of Ghana is laughable..comparing that has its inflation rate fallen from 15.4 percent in December 2016 to 7.6 percent in September 2019, Even the 91-day treasury bill as fallen from 17 percent to 14.7 percent.

On the external front, the trade deficit has improved 1.8 billion in 2016 to a surplus of US$2.6 billion...

About 1.2 million students have been enrolled in SHS because of the free SHS programme and their parents relieved of the burden of fee.

place about 1 hunderd thousand gaduates on temporary opportunities in a work environment and securing about 10, 000 permanent jobs for them .... employing about 55 thousand nurses on permanent job and additional 48 thousand permanent job for the teachers for just 2019 ...bringing unemwployement down to 2 percent. is that what you want to compare with kenya ....


There is reason IMF refused to continue the credit fercility with you? go and learn and you goverment are also on the move to meet them again...hope youbare aware

But enjoy this.......



Ghana achievement on agriculture for the year 2018...


“A total production of 1,505,850mt of cereals and legumes and 405,630mt of vegetables with a total value of GH¢1.55 billion and GH¢3.43 billion respectively was achieved between 2017 and 2018 alone. Yields of targeted crops recorded significant improvements over 2016 levels: maize yield increased by 89 percent from 1.8mt/ha to 3.4mt/ha; rice yield increased by 48 percent from 2.7mt/ha to 4.0mt/ha and soya yield increased by 200 percent from 1mt/ha to 3.0mt/ha.” Minister of finance .....

rvp20182:
Let me ignore the cheap potshots and see if there is any substance here.

1) We don't yet have Ghana cement consumption and production - we have wild figures. I already gave on both of you getting the data. So I will go fishing for them when I have time.

2) I think if Kenya cement consumption and production had not sturred after rate capping - it certainly would have shot past 10m - would have been around 12m by now. It was nearly 7M in 2016 before the interest rate capping and had been rising annually since 2002 from 2m metrics tonnes.

3) Like I told you yesterday - your macro-economics are rather shocking! MPR of 16-18% - average interest of 24-31%.

4) Kenya Interest rate has not been that worse - even before they were capped - the worst Kenya has ever gone in last two decades I think is 19-20%.

5) Finally, I don't see IMF taking a break from managing your economy. Double-Digit Inflation (underlying at 8%). The currency on a free fall. MPR of 16-18%. Show me a country that is NOT at war that has similar economic fundamentals. Maybe Zimbwabwe only.

If Ghana was better managed - it wouldn't have called IMF for a record 16 times to bail it out.

what nonsense of garbage do you empty down as a post ?

1 if those two credible source i splash on your skull isn't enough , how can I trust your inteligence further? At least judging from the fact that you hide under blog instead of fact. keep fishing ...

2 .. You are so demented to be thinking without data , how can you be thinking irrationally, your interest rate was as a result of your continuous poor growth in lending rate particularly the poor incentives to lend. which your poor goverment wanted to physically stop .hope you know how your micro economy suffers. your illiterate goverment failed to know nothing will change, neither on the true pricing of loans nor on returns on deposits but may damper ability to borrow. since the risky now become very high. Before the interest was introduced was capped your bank are sluggishly lending , is it when it is capped that lending will flow? investment and capital project are not flowing to your country, thatbis what is striving off your goverment pulse. your reserve is gradually empty when majority of it are used on import instead of capital investment. salaries consumed most of your budget. all this are the thru risk to your economy palaver . and the further reason your cement consumption rate is shrinking.. Ghana on the order hand continue to receive high volume of investment both in energy, Agriculture and mining sector. causing lots of dollars to swim into goverment pulse which leads to Ghana ability to strenghten reserve and maintain capital expenditure....this directly leads to Ghana high cement consumption rate.


3 stop lying . Ghana MPR is just at 16 percent while lending rate is at 24 percent . that of kenya is between 19 to 18. which was politically cook and not economically determined .

4 Your economy has been that worst , it is due to that that your goverment blindly cap your interest rate to improve borrowing trends of her citizens....

5 I don't understand why you keep on repeating history, Ghana had once been poorly managed like kenya before, but thanks to prudent governance of 2010, since then, all have become history, your country’s previous credit fercility with IMF is around 1 billion which expired in late 2018 after your government failed to meet the IMF’s conditions for an extension, including the repeal of a cap on commercial lending that the they warn your goverment about. ... maybe once you agree to reduce your continue growing fiscal deficit , just maybe IMF will consider you again as it look like you are calling for them for bail out of your debt to debt triangle....
.

Obiano13:
i must have to keep telling you to stop wasting time with that jobless illiterate he doesnt know what he is saying he is a jobless who wakes up from morning to night doing nothing.

He wanted to know about Ghana thru iron hand ...

theenchanter:
oga, the discussion of that day was between Abuja and Accra, u said Accra is naturally endowed and Abuja isn't.. which prompted me to post that video in order to show u Abuja's "natural endowment" not to show u Abuja as a whole.

I thought ur memory was running on 16bits before, now i know its actually transient.

So actually a cover of three minute video will justify the natural endowment of Abuja? I said you aren't ignorance , you are mad as well...


What prompt you is madness nothing more

theenchanter:
if my memory serves me right, i recall that discussion was about.. in ur own word "naturally endowed" which made me to post that d'banj video, never did i used it to illustrate d whole of Abuja but its vegetation, rocks and water body.

Seems ur memory is on 16bits.

You were too ignorant to know such video is just a limited demonstration of what Abuja is all about . using 3 minute video to judge what Abuja is all about is the madness here....

rvp20182:
Can you be at least a little coherent?

You can't use your 2/4 road side economics dealing with me. I will tear you apart. you should know by now.

I reckon the cement data for Ghana won't be forthcoming - I will do my research and help you soon.

I forwarded two credible information right down to your skulls and you stubbornly grasping at dangote report as if he is the authority figure in Ghana... the authority have spoken and this is the report again ..... Ghana isn't comparable not to ethiopia talkless of kenya ... check the link again and help your life ...

.. http://citibusinessnews.com/

Now banking?

I think govs that succeed are those that embrace policy experimentation. Interest capping was policy experimentation that lasted 3yrs - it was passed by parliament because folks were tired of banks gorging their eyes.

We have had a problem with the banking sector making super-normal profit for like 30yrs. Market forces is great but when you have collusion leading to an oligopolistic banking system then there is a problem.

Anyway, Kenya must continue with banking sector reforms and regulations

. so your last adminsrative does not know it is their proper economy management that will improve the interest rate not artificial policy ?Goverment supposed to be proactive not emotional. emotional does not work in governance, what work is diligent discipline of economy, your useless and lazy policy cap cut private-sector loan growth because your banking have avoided lending to customers deemed as risky, including the small and medium-sized businesses as well as individuals who borrow for consumption can't even access credit. interest rate is governed by what the cash you have in reserves , goverment fund and as well transparency in loan and mortgaged of the banks. this is largely influence by sound economy management. no parliamentarian policy can work here ...

[

b]
I am not sure how advanced or primitive banking in Ghana is - but the interest you're paying is worse than Nigeria.

How Ghanaians are able to thrive with interest rates that is probably the world highest I honestly don't know. Ghana benchmark rate is 16-18%!!!!!!!!!!! - and that means your customer interest rate will be anything 30%[/b[/b]]

oh God , just shot up. Ghana MPR is at 16 percent , our inflation is seriously under control,The central bank’s focus on building external buffers going into billions of dollars ....this will directly stabilized the interest rate as the move to stabilized is going forward economically and not thru parliament control.

You're worse than Nigeria and are doing nothing about it.

Let me tell you in Kenya we have done many steps - including a functional credit referencing - functional ID system - we have passed collatoral laws - - attempted to have advisory industry base lending rate - we have tried to make access and cost of credit cheap - both for banks and the customers.

Don't bring your pure madness here. Average bank lending rate in Ghana has fallen significantly from 31.7 per cent in 2016 to 24 per cent in 2019.

improvement in macroeconomic environments alone don't not bring interest rates down; there are many other structural factors in financial system that are causing high interest rates.that is what your goverment failed to consider. it isn't about sustaining macroeconomic stability, it is about removing those structural bottlenecks which is not the economics doing but a result of traditional fundamentals of trading in hard currency....

Anyway, Kenyans banks are promising to lend at a max of 16% (central bank has also warned them about crossing that redline) - which is your base lending rate . If they go as high as Ghana and start lending us at 30% - we will have to bring back interest capping or something that drastic.

stop lying , Ghana lending rate is at 24 percent. and Ghana recently recapitalization of the banking system is expected to bring reform to the industry while contunious robust in treasure bill and goverment reserve will bring the interest rate down drastically...

rvp20182:
Show me cement production and consumption data for say 2015,2016,2017, 2018 and 2019. These are numbers you should have somewhere - or in your fingertips like me - if you're interested in economy of a country.

The only reason you have caught up with Kenya - is because of 2016 interest capping law - led to problems in our real estate and construction sector - as banks decided to lend to gov - and now the good times for sector are back.

https://pbs.twimg.com/media/EBmlz3qWsAA2rt_.jpg

Your goverment which is very bad in making policy thinks capping interest rate is a doing of the banks not knowing economy determine interest rate. the better the economy, the better the interest rate will adjust naturally . banks don't control economy, goverment those.
..



regarding your crying ....


http://citibusinessnews.com/....



if you can't make informed judgment from this , then you lost redemption


Ghana consume more cement consumption than you lots including your neighbour TZ

rvp20182:
Please that shitty casino of yours that doesn't have pic - I actually saw the pics of outside and inside - and it should not call itself a casino.

I have called you deluded....buy is an understatement.

rvp20182:
I am also big in real development - so please leave Casinos to Las Vegas or Macau. Nairobi & Mombasa have lot more casinos and clubs than entire Ghana will have in next 10yrs.

Let get back to Human Development.

Who is talking about the numbers? You see how funny you keep making inteligence stupid? quality isn't about quantity.

rvp20182:
I want to see more credible data - a bit precise numbers - Kenya cement production & consumption I have figures for that in my finger tips - right from 2002 when we were doing 2M metrics tonnes - we were 6.7M production in 2016 - and were growing at about 0.7M annually - then we had interest rate capping - and the banking sector refused to lend to real estate - because 13% interest rate --- and construction industry has sturred since - cement production & consumption went down - and two cement companies are actually belly up.

If it wasn't for interest capping - Kenya cement production and consumption - would be about 10M metric tonnes - nearly twice Ghana (6M).

Now that interest rate capping has been done away with - Kenyan banks are back to hawking loans on the streets.
https://www.businessdailyafrica.com/markets/marketnews/banks-begin-marketing-loans-to-customers/3815534-5347070-1q3edaz/index.html

So expect our cement production and consumption to ratchet up and surpass Ghana - as real estate and construction industry that had been outprized from credit market recovers.

You see why i called you stupid.... when Ghana is consuming 8 million tonnes and producing well above 12 million . you are here still struglling with 6 million per tonnes.

rvp20182:
You're incoherent. Ghana has got nothing when it come to Casinos or Clubs. Unless you never travelled Africa - leave alone the rest of the world. Concentrate on HDI.

I have seen many better places than you ever dream of.on making an informed opinion about what make a developed city, I can perfectly describe one to you without consulting an economics textbook..... I am not that deluded fellow who sees Dubai skyscraper or Shanghai ever growing building as a standard of development. I see development In people and their culture.

it is stupid of you making an informed opinion in a place you know nothing about right behind your desktop. it is called madness. I can categorically tell you , you can't find any better illustrative of what is called a club house using your kenya as standard .....

rvp20182:
Btw I am still looking for cement data for Ghana that is credible. I see you import lots of cement clinker - perhaps you can begin there if you want to reduce your imports - because clinker can be manufactured internally.

I have submitted a credible statistics for you that put the cement consumption rate to 8 million but you simply reject it and stick to dangote assumption of 6 million tonnes which is even the same with 47 million Kenyans. Aren't you sensible enough to see the per head gap ?

rvp20182:
What do you think the rest of world casino look like - and what do you think they have inside them. Please try compete with South Sudan and Somalia in Casino before claiming your ugly casino got a stamp of approval from 50yr old American - who probably has been to Las Vegas.

Rvp Your sense of reasoning is too shallow and hollow. how can you calculate that? Your history, your logic is questionable. . . if this is your level , how can you be a software engineer or even a university. graduate.....

obidark:
wat....

speak engglish,fvckedupness....!!

Don't quote me again pls. you are mad. I cant handle your gullibility.... .

psychologygh:
I see people talking about Tanzania being more developed than Ghana which is totally not true.In fact,Ghana beats Tanzania in all indices from per capita income to GDP size and just yesterday, Ghana's finance minister read the nation's budget for 2020 in parliament and because 2020 is an election year and we just got out of the IMF programme due to this same overspending issue,IMF advised the government to minimize spending because every government tends to spend higher in an election year to sway voters .The government heeded to the advise and decide to reduce spending to 17 billion dollars which is close to 90 billion cedis for 2020 for a country of barely 30 million and that's even an estimated population. I checked Tanzania's budget spending for 2020 and the figure given was 14 billion dollars for a country close to 60 million people. Double that of Ghana in population buh Ghana spends more in terms of infrastructure and various sectors of the economy. This easily confirms that Ghana is far ahead of Tanzania in terms of infrastructure and development.

It is even easier to know . check out their cement consumption rate and that of kenya .... no need to brag bro. comparing a nation that works with the one that is still struggling is a mess.....

obidark:
or is it a fight you desperatly want....??
we dont border ghana....!!

its a fact on maps....!!....go check it out....its called atlas....!!

but if its a fight you want,we nigerians will give it to you like its hot....!!

borders stay closed....!!

many are mad but only few are in psychiatric home.

rvp20182:
You're a joke who probably never travelled outside Ghana. I saw that casino in oxford street, greater ghana - and even Somali has better casino than that.I am yet to see anything in Ghana - apart from the hospital I once saw - that I would say it 'world class'.

Lol..... i said you talk way too loud without a sense of reasoning.... Gaming house is not meant for photo shotting. it is serious buisness house where managers will not tolerate pitching on clients and workers. Just like the way you can't take picture while in cantomemt or state police office , You can't also do that in gaming house.

About exposure of life, it is better you just shut up. no need of bragging online . you may even compare Ghana with south Sudan. it doesn't change the reality.

edon21:
lemme tell you something, if you get the street views of these places then we'll see the truth and this is like 1 /20 of Accra s maas

Go learn what is called development online . you can read about it.

Problemkid1:
Ok fine? I haven't been to Accra before. Maybe what I'm seeing on pictures and videos are decieving me.

It is not what you are seeing in video or picture, it is your flaw understanding of the word development.