₦airaland Forum

tylann:
mombasa is always under expansion

and lamu port which will dwarf everything west africa will put to the table

Give me the amount you are spending on lamu and what is is expected to contain...



for example , The Tema port is expanding on over 120 hectares of lsnd......

rvp2018:
Minute difference btw Kenya and Ghana hdi..and Kenya is rising

in economics. 0.1 isn't a joke talkless of the multiple number ....

rvp2018:
When is IMF bailout team landing in Nairobi from Accra
And fail to honor an international contract has very serious implication - don't do it.
IMF will be back in Ghana soon....CEDIS is not getting any better.

I think Kenya does a better job in social spending and investment than Ghana. Your grandmother if she was in kenya get paid and health insured.

I think only thing you got going for you is minning and oil sector.

But we know from Nigeria - that can as well turn out to be an albatross on your economy.

And I put to you cedis has been in constant stability for the past four month and the foreing reserve of 9 billion dollar suggest that cedis will be stable thru out this year. it is your economy that needs a prudent hand. your economy is sick.. Get over your unemployment ratio. Ghana unemployment is dwindling drastically . going below 3 percent this year .

.Your mate are Tz and Uganda. don't come down west . even Senegal and ivory coast will perform better than you.. ..

When it comes to social development, Human index development expose you. what is the total number of children schooling in Kenya public schools. As I speak, over 1.2 million of school children are under free feeding , free education and free boarding..... we are not using all our education budget to pay salaries .. we are building future and schools .....


You guys has no efficient health insurance scheme. come to Ghana and see what is called health insurance subsidy which even cover as far as brain surgery not that kind of ponsi in ruwanda ...

Ghana macroeconomic situation remains favourable at a growth rate of 7 percent

Inflation is now at 7.6 % and if you look at the trend over the past 15 months or so it's not expected to rise...

rvp2018:
And you think Chinese are stupid Chinese insist on Take or Pay and add collateral on top. So you will not only sign a similar contract but also commit your oil or aluminum.

ECG will not be listed.....but if it eventually listed , that will.be good

rvp2018:
Let me summarize. IMF bailout are bad news. You should avoid it by managing your macro-economics better. Macro-economics - stable currency, low single digit inflation, low interest,etc

Your electricity sector is worse than kenya - you sign even more lopsided 'take or pay' contracts with power producers - and you're losing 1B dollars in excess capacity annual. You consume 3000MW with whooping 2000MW idle. At least in Kenya we stopped in time - we now have idle 1000mw. Tanzania and Ethiopia are about to face the music - of excess capacity.

Kenya we long turned the corner - we are nailing our challenges one by one - very soon Ghana will be back on their 18th IMF bailout as we become a middle class country.

You country is one huge pendulum swinging wildly - one minute growing at 1% - next 8% - fix that - fix the macro-economics - and maybe mayabe you can be taken seriously.

let me be frank with you.. ...Your economy is really a mess , your credit rating is falling , investors are scared of investing, banks are scared to credit private investors. what a political jamboree of economy mess is happening under your goverment...

The IMF hold the view that when countries spend their way into near bankruptcy and excessive borrowing, the only way out is to spend less. what is wrong in that ? Ghana has for the past 8 months exit IMF bailout . and since then economy has ballon , over one hundered thousand graduate have been placed on monthly allowance while placing over 10,000 of them in permanent job.


in Ghana, we pay teachers and nurses on trainning and automatic job await them after they complete their studies. we aren't kenya , we borrow to managed economy and for social development , we don't borrow to pay debt . even my 100 years old grandma in the village knows this level of governance is illogical , how much more those who call themselves economist and professional who managed your overvalued economy that is purely massage by your goverment...

Ghana has revoked many licences . go update your news ,the goverment have taken back the system, the govermwnt was even bold enough to reject American aid which comes annually for the support of energy. is in excess of 190 million dollars . America threaten Ghana to stop the PDS termination and and Ghana accept the challenge.. The energy sector is seriously under cleansing....we are a big energy nation.... the electricity company is worth over 3 billion dollars. so the challenges of settling deals is not a biggy, We even generate excess gas ...... ones the one district one factory initiative fully materialized and the bauxite refinery takes effect . everything will function back to normal ..



Ghana economy growth has been on steady growth for the past three years . we once grow at 14 percent. that is impossible on kenya.....

Just30:
Fact still remains

1) Ghana is not uder IMF confidence building programme.
2) the more we look at Ghana, the more we realise all the IMF programmes Ghana has gone through were unnecessary but because of the nature of the tight politics in Ghana, parties used it as an escape. by playing the IMF

Even with the Cedi depreciation, it still remains a strong currency than the kshs.
Everyone will choose a currency they can predict to store their wealth than one that is fluidly backed by debt.

I still maintain it is better to seek for IMF bail out than using debt to service debt . what a mess.


Rvp only want us to exposed kenya the more and that is interesting......

Just30:
Peter is paying paul.
The day peter will say no, all hell will break lose

#Ponzi

ponzi pyramid scheme

rvp2018:
Make belief from a country that have been under bailout for 16 times - out of 60 yrs it has been independent . That is roughly bail out every 3 yrs. As soon as you're done with one IMF bailout - you're immediately admitted to another.

Truly the sick man of Africa - no wonder Nigerian laugh when they hear Ghana [/b]. The symptoms are usual the same - currency depreciating so badly, debt repayments become impossible, import become expensive and inflation rises, Interest rate shoot through the roof etc - and IMF send an ambulance down Accra to try to resuscitate Ghana once again. Must be the best job to do in Breton hood, Washington Dc.

The problem I think is foundation that Kwame planted in Ghana...Communism.

As regard Kenya - we import about 18-20B - about 1-2B is food - please do some research.

Kenya economic fundamentals have not changed much - for 30yrs we have had underlying inflation around 5% - we have had very stable currency - we have had generally low interest compared to SSA average - we have had robust debt management.

That is why Kenya is Africa largest non-mineral economy - and quite advanced - outside SA in SSA.

Your problem is you are not doing independent thinking? Ghana had has its worst years but she has come out strong and not even a politically motivated economy like kenya can ride it. with Ghana consistent growth, it only takes some years for Ghana to over throw your GDP that has been rebased more than sevem times

I mf don't manage economy, they only give advices since what leads to calling on imf is bad economic policies . You guys even need a better economy management team to managed your excessive budget deficits, un-targeted subsidies, overvalued exchange rates. etc. --.

For example, you country sett up the price of electricity below the cost of producing and distributing it which only serves the interests of those with a lot of electrical appliances — the rich — while starving the system of funds needed to maintain and expand service to a wider share of the public. Likewise, maintaining an overvalued exchange rate which only allows urban consumers to buy imported goods at low prices, while making it impossible for existing and potential exporters to earn the foreign exchange needed to cover the cost of those imports. this is why kenya is borrowing to pay debts . debt to debt .....

for Ghana to be drag into this mess , she will rather borrow from imf ( that seems more prudent) . Your goverment are seriously fooling you.

Kazikazi:
I posted a gov hospital u called it Private. When we gave u proof,u changed and shout" u guys have no hospitals "
Below is a hospital u said a private while is gov hospital in Pemba.
I wish u can show me where your cement consumptions goes

And I said if that is your best, then it is not hospital compare to this which is not a leading hospital in Ghana. it is not even a teaching hospital ..


don't just talk about development when you guys are miles behind


will you compare your hospital to this?

rvp2018:
Historical because Cedis has bad history as far exchanging with dollar. So importers, foreign companies and even regular Ghanians do not trust it. Just admit.

You import more of what? In Kenya we import mostly machinery, oil, equipment, cars - not Chinese trinkets - because we manufacture a lot of stuff internally.

TZ and Uganda export very bad quality food - of very little value to us - most Kenyans long abandoned maize, beans, cassava - and such for highly yielding horticultural, fruits, nuts, and dairy.

None of what you're predicting has ever happened to kenya or is about to happen. Turkey was sunk by the US of A. Our debt servicing ratio has always hovered around 30%.

In short Kenya macro-economics have always been STRONG.

At indepence, only few country can claim is richer than Ghana that was when gold value was very high and dollars hasn't become the major reserve currency. not even Nigeria was richer than Ghana. so where comes the historical untrust of the cedis. what causes dollarization is simply trade. Ghana do much more import per head than kenya and Tanzania in combine . you can imagine the pressure on dollar by buisness men...

Ghana import more of machines and cement product. that is hard currency ( Ghana so has a lot of cliniker which is yet to be tapped).most of what you Kenyans are largely importing are food . food is taking a larger chunk of your forex.

I just repeat TZ makes more money on export than you guys and this is largely blame on your overvalued currency.

And the astonishing part of your economy is the attitude of using debt to pay debt . what a mess of an economy? your country is using the money it has borrowed to repay another debt, no new wealth is been created, which is causing your credit rating to fall

This is the reasons investors are demanding a higher interest rate to compensate for their risk since they know they will lose their money.

Kenya dept is costlier to repay ...your economy is in the hands of bad management .

Kazikazi:
You surprise me.You are the one who asked for gov hospitals and offices etc. I posted head office of ports authority in Tz,u were shocked.You then decided to say skyscrapers are not human development! Why did u ask for gov offices?
Anyway,let me help u.Let digest Tanzania's ports authority headquarters in Dar es salaam.
They built the tower to host authority offices and the rest of space is rented out. In this tower,there is conference hall which is used by anyone who pays,there are other office spaces rented by clearing and forwarding agents,even a normal guy like u can rent an office there.So,the authority is making a profit while at same time they have a very posh offices to use.No other port in Africa has such posh offices.The Kenyans in Mombasa want to do similar project. They are copying us.
So,a skyscraper like this brings money! The railway too brings money.In Tz,a skyscraper can do a return on investment for about 8 to 10 years.Our port authority did what we call innovative thinking!.Other Africans are welcome to imitate that.

I am not going to waste my time on the meaningless joke . the kind of infrastructure happen in tema harbour don't even work in mombasa the eastern Africa biggest port.. .


https://www.youtube.com/watch?v=0ViNaO1bhSE



This is Ghana port office again....



let's talk on another thing. you guys don't have hospital , you don't even have ports ....what do you want talk about again. we can do airport



Do you know what 2.3 billion dollar worth of investment will bring ?

rvp2018:
Now you're about to admit the problem. The problem is historical - the way I see - it the lack of confidence in CEDIS - and you gov is doing such a bad job.

Kenya strong Kshs against deteriorating regional currencies (UG & TZ) - is making our manufacturer goods expensive (although when it come to quality -they cannot hack it - Kenya goods are still seen as of better quality) - but we export lot more services than even manufactured goods - so we are fine - and still run East Africa trade.

But because we still import a lot of capital goods from likes of India, Saudi Arabia(Oil), China, Japan (cars, machinery, equipment) - and because we value currency STABILITY - our central bank does a clean job defending Kshs in an open market.

Dollarization in Ghana is historically related to trade and not goverment issues persay . Ghanaian buisness men loves the hard currency due to their import focus buisness. You don't buy goods with cedis , You buy with hard currency . Ghana of 30 million population importing goods worth over 13 billions dollars shows Ghana import than kenya per head. so the more Ghana import, the more the demand on dollars.......You don't talk about economy without checking on the constrain.

Quality is a subjective word , Every individual can claim it, the fact remain , TZ export more foods than you guys despite not having efficient harbour like that of mombasa which is regarded as the best port in east Africa....Uganda as well is not doing bad ....

Your goverment is only window dressing your currency , what you are doing is not much diffrence to what happens to Turkey currency. it is your debt stock that will suffer it and it will in the end back fire . social development goals will failed to materialized , when debt to GDP servicing ratio become very high , Your own economy will crumble for failing to grow above 6 percent which is considered as the moderate growth for developing countries.

Just30:
by borrowing to support the currency
Caping inflation means that inflation cannot expose them until national revenue can no longer support debt repayment.

then they will turn to borrow new to pay old debts
Debt substitution program.

That is exactly what they are doing ?

rvp2018:
Capping was populist move by parliament to reign on the banks who had refused to be self-regualte - although it was not as bad as I have seen in Ghana and Nigeria. We are a modern democracy - and Judiciary said no - that is Central Bank job. As you speak interest capping is gone. It was only there for 3yrs (2016-2019).

When it come to purchasing power - I don't what exactly that mean - you see we have huge trade deficit - meaning we import more than we export - so a strong Shilling works for us - purchasing power wise - and of course it also helps when we have to repay debts.

Now Ghana you have positive trade deficit - so I don't even know why your president think you're importing more than you should - and but what is hammering you is not a WEAK CEDIS - it's a UNSTABLE RAPIDLY DETERIORATING CEDIS. Nobody can trust such a currency - leading to capital flight.

The kind of cleansing system that was recently implemented on financial sector in Ghana will flawed your economy if it is implemented . in Ghana, economy works not political instrument by forcing banks or financial institute to do what is against your economy fundamentals. You easily see how your micro economy suffers... A true reflection of your weak economy.. The stronger your purchasing power the stronger your currency( Unless it is naturally devalued)like that of China . you can't have a weak purchasing power with stronger currency. it shows your inflation rate will be accelerating cus A true reflection of economy will exposed itself. shillings can't work for you cus it will makes your local meagre export become unnecessarily expensive which will force buyer to look elsewhere. Tanzania may be enjoying this benefit since it is your next door neighbour.....

Ghana is a dollarised country and the issue is more historical rather than fundamentals . stopping more import shows that we want to be self sufficient in area we think we are better off and we can can perform better....

Just30:
This can only mean, their central bank is using huge part of the borrowed money to support their currency in a pegging system.

How can they then think about social development like connecting the numbers of citizens in rural area to national grid, like water access , like building schools, hospitals or even financing bigger project in excess of 2 billion dollar without being hit hard ...

Just30:
One thing you dont know is that, the Cedi is still a better currency than the kshs

your currency that is on constant support because you export just 5 billion dollars whiles you import 15 billion dollars.


your economy is import-dependent
Meaning there is serious figure massaging going on in Kenya as we speak.

check their depreciated purchasing power. and then ask him how is their currency strong ?

You can't have a depreciated purchasing power with high currency. somebody must be lying some where. The goverment is simply lying to them...

rvp2018:
Nope. Free floating currency when economic fundamentals are solid don't go on free fall - they can depreciate or appreciate in low margins. Your macro-economics are a mess - inflation, interest rates, and the 'fake' economic growth doesn't seem to help at all - the CEDIS.

Kenya is essentially free-floating currency (IMF last year disagreed and say it was managed) - but CBK does market intervention once in and a while - and it's not like our CBK manufacture USD. And there are no forex controls in Kenya.

The capping of your interest shows your goverment can politically influenced anything in your country. Your national statistics are simply lying about how rosy currency is ?. If your purchasing power is dwindling , how can you say you have a better currency...

rvp2018:
You cannot sustain currency artificially for that long.Our CBK only intervene to ensure stability. Now I don't even comprehend what he'll going on in your economy.. because with currency free fall like that..no foreign investor can keep the cedis..they convert to the dollar and repartite it home..huge capital flight. You seem you export lots of minerals and have huge remittance but your macro economic are just shitty.Youre barely doing 4.5 months of forex reserve.Currency on freefall.Hehehe.

i repeat again, Ghana economy is not politically massage , economics works here . the inconsistency in your purchasing power and your shilling currency shows your national statistics are simply fooling you. there may even be more lies to your GDP economy. I will check on it when I have time. your goverment are simply lying . Your currency is overvalued by 30 per cent on a purchasing power parity (PPP) basis.

Your currency was not as strong in the global market as your goverment try to paint it. is it the same currency you want to compare wirh cedis? Ghana Inflation declined from 15.4 percent in 2016 to 7.4 percent in 2019 Fiscal deficit falling from 6.5 percent to 2.4 percent in 2019, Interest rate on 91-day Treasury bill from 16.3 percent in 2016 to 14.6 percent in 2018 ..... ( 2019 is not out ) and Current Account deficit from 6.6 percent in 2016 to 3.2 percent also in 2018. How can cedi depreciation be attributed to weak fundamental?

i put it to you kenya microeconomic index is weak and the true value of its currency is not reflected .....

rvp2018:
My friend you currency is so useless most Ghanian prefer to keep the dollar.I mean something that loses value in such scale is very shocking.Even the Naira is not that bad.And this is historical problems you cannot seem to solve.Initially cedis had become so useless you started pegging to the dollar..it hasn't helped at all because now. 5 cedis is equal to a dollar.Ksh is Africa strongest currency for many years now.It depreciated to the dollar in a decade from 78shs to now 100shs.We don't export lots of minerals and yet our forex are 9b dollars more than enough to cover the min of 4 months of import.Something is wrong with Ghana macro economic.. interest rate, inflation,currency.I wonder how an investor outside natural resources would risk his money in a CEDIS not any different from Zim dollar.

I said your currency is at worst hit . currency massaged artificially always end up in shambles at the end . go CHECK what happens to Turkey currency, which kenya is practically imitating

Cedis is in free flow , it is not massaged . your currency is not a true reflection of its value. IMF already indicate that to you.....and You guys don't even have enough extra cash to power it. Your import is far bigger than your export. The kind of currency massaging you guys practice will only increased your debt and widen your deficit.

Already you know what happen when your goverment artificially cap the interest rate . you see how your micro economy suffers particularly your private sector .


Your currency is not in anyway better than cedis which is a true reflection of its value . I even argue cedi is far more valuable than your currency cus yours is politically influence like your interest rate. "'kenya your economy suck"" ...

You goverment can only do little in terns of social development with such kind of economy. cus too much money is spend unnecessary

I am not insulting ....

gallivant:
Just kick Dangote out of Ghana, problem solved.

He pay heavy tax. goverment will decline but the present goverment had some how managed to reduce its import than the former one who personally loves dangote

rvp2018:
Okay reading Ghana re=based GDP. The Ghanian Cedis is deteriorating every year against the USD. Something is wrong with Ghana macro-economics. In 2012 - it was nearly pegged to the dollar..then it became 1.92 in 2013, then 2.94 in 2014, then 3.78 in 2015, then 3.92 in 2016, then 4.36 in 2017, then 4.59 in 2018 and now in 2019 it's approaching 5.2.
http://www.statsghana.gov.gh/gssmain/fileUpload/National%20Accounts/Annual_2013_2018_GDP_April%202019%20Edition.pdf

You should be more worried about kenya shilling which has lost over 50 percent of its purchasing power and yet yet the exchange rate has declined by only 20 percent .That implies your currency is overvalued by 30 percent. there is no two way about it. your national statistics is highly doctored .....And You are here claiming Nigeria and Ghana massage numbers when it is glaring clear your economy is in shambles....

You want compare shilling that has been operating on a massage therapy to a free float currency? the Ghana cedis...

But let me educate you, The depreciation of cedi is structural and not necessarily due to any form of mismanagement of the economy or micro economy. . Ghana inflation is going down 7.6 percent, producer price index is going down, economy is growing at 7 percent(one of the highest in the world) Therefore it is too ignorant to link cedis depreciation to weak economy fundamentals because all economy index proves Ghana economy is healthy, so it's structural.

in a nut shell, the main depreciation or appreciation of the cedi is fundamentally determined by the supply and demand for US dollars. in Ghana. the supply of USD is mainly from foreign reserves which is dependent on the amount of foreign exchange Ghana receive from exports and foreign aid. With Ghana now classified as a lower middle-income country, the foreign aid component would continuously dwindle

As I type now. Ghana foreing reserve is over 9.2 billion dollars and that is enough to take thru this month . how much do kenya has up there

Acadavah:
I think this is childish. Both are Hospitals irrespective of the structure which they have been made. Try to look to European hospitals for instance these below are French hospitals.

I actually know what i am saying ... that teaching hospital I posted has its rival in Europe and America continent ....north Africa and maybe southy are the country with similar structure..... In some cases I have seen better building in Ghana than some place in Germany.. but that will be stupid to conclude Ghana has it better


As a cluber myself, Germans will envy some clubs in Ghana particular in osu. .. This is the reason you have to tell kazikazi that building skyscrapers is not human development. if I begin to show you some Ghana goverment office, you will know TZ is learning . Ghana not investing huge into hotels dosnt mean it is not developed.....or who skyscraper help?

Just30:
Saturdays are for relaxation

wherever the party dey, we step in

This is Tanzania job . live it for them...

I am still waiting for what kazikazi is proud of.....


maybe the safari pack and the electric train

Acadavah:
I am sorry, so all of those we have been post are what?

This is not hospital bro....


just check this..... that is random....

Just30:
reals estate is huge in Ghana but it is part of the informal economy

unlike kenya and Tanzania.....

Acadavah:
I am sorry, so all of those we have been post are what?

Do you compare the structure with this,??I

Just30:
below African standard

Then he thinks hotels and amusement park wins trophy ...

Just30:
night views
national Mosque

what do you think about the new cathedral?

Just30:
when your cement consumption is low,
you'll be exposed as being under developed

Tanzania what is your cement consumption rate?

Kazikazi:
You decided to do Kenyan styles. You stole american medical facilities of Colorado!
Anyway why do u use American pics?

That is a mistake I wanted to brought it down then I remember it is too late . I accept error ....anyway....Anyway what you show up there isn't any thing to be called hospital. can we talk about university buildings, or whatever. even hotels which I guess is Tanzania strength


replaced it with this....

Just30:
we just returned from Turkey where we spent over 200 million dollars on new heavy duty tug boats with 7 meters draft

The Ghana port under expansion isn't just for Ghana only. the target is ecowas...it is only Nigeria building something similar. I am sure when times comes port in west africa will compete or outperform the south africa port. . cus benin republic is also rolling up expansion plan ....