GHANA overtakes Lazy Tz after Rebasing economy

[Hamster255]

ķ

Tanzania rebased and devalued their currecy at the same time by 40% But you cant understand the meaning or implication of this since you have never seen the inside of an economics class

you don't understand anything other than a fools words

Maghu-FOOL-i amewakamata...

 

[kennedy0000]

Miaka mingapi sasa ishapita, since 2014.

Does it matter?
Unadhani GDP is rebassed annually?

 

[kennedy0000]

ķ

Tanzania rebased and devalued their currecy at the same time by 40% But you cant understand the meaning or implication of this since you have never seen the inside of an economics class

Pretending to be very knowledgeable. The reasons why countries devalue currency are known. To gain an upper hand in import and export.
For some reason, your rebasing and devaluing has not helped you.
Those economic classes you attended taught you to cook data but didn't teach you the market never lies.
Whether you rebase or devalue a thousand times, you are still the same LDC.

 

[Behaviourist]

The lazy tz under jiwe is using billions of money for buying oppositions and burying democracy!

 

[Depay]

Tihahahhaaaaa....... At this rate if Burundi rebases its Economy it will definitely overtake Danganyika. That I can say without batting my eye lid

 

[Tony254]

ķ

Tanzania rebased and devalued their currecy at the same time by 40% But you cant understand the meaning or implication of this since you have never seen the inside of an economics class

Devaluation huwa inafanywa kuincrease competitiveness of a country's exports. Na kama export ya raw materials ndio inafanya T.Z idevalue currency basi tuna shida sana kama Waafrika. Wakati China inadevalue currency yao kuprotect finished products, nyinyi mnakimbia kudevalue yenu kuprotect raw materials kama unprocessed gold kwa mfano. Nadhania protectionism sio kitu ya kuchezea, kwa sababu devaluation ina negative effects pia. Kwa mfano importers wataumia sana kwani dollar itakuwa more expensive and harder to get meaning they will import less goods even as exporters celebrate the devaluation. Remember in economics, most policies have positive and negative effects. Exporters wanasherehekea wakati importers wanaumia na wanauziwa dollar at a more expensive rate. Infact my argument is that third-world LDC, extremely poor countries like most African countries should not devalue their currencies but should stabilise it through central bank intervention to ensure that importers can get a steady supply of dollars to import capital goods and machinery which will be used to build industries and infrastructure. Just like Kenya imports alot of machinery and capital goods that is critical in building this ecomomy.
Imports for an LDC are equally as important as exports because if you don't import machinery to build industries then you can't increase your exports. Imports and exports are related and you can't ignore one and expect to succeed. Ambia Magufuli nataka kumpa free economic advice, anipigie simu.

 

[squirtinator]

....while Kenya still lingering further behind!

 

[Loftins]

Hehehe kama vipi mbadilishane nchi na Msumbiji ili mkae mbali nasi, na huko tutawafuata.

Boya wewe umenichekesha sana, nani kwanza kakufundisha kiswahili sanifu?

 

[Tony254]

Not with that inflation! Sorry something not sitting well with that economy!

Shida ya Ghana ni debt at a ratio of 70% to gdp. Wameborrow mpaka inawatokea mapuani.

 

[Oii]

Does it matter?
Unadhani GDP is rebassed annually?

I know its not annually fool.
Fact remains, we haven't rebased ours.

 

[Baba Joseph17]

Soon nchi mtawapa wachina, hafu katika masuala ya uchumi Kenya na Tanzania haziachani maana maisha ya wananchi ni yaleyale. Sema huko Kenya kuna majizi yametia mirija kwenye pesa za serikali na hamuwezi kukohoa, wanagawana kadri wanavyotaka.

Ghana's $47 billion economy ranks eleventh in Africa after Tanzania, according to IMF estimates for 2017. A 30 percent expansion will move it up one spot.

WanaTz wazembe kweli..Fanyeni kazi, kila siku, usiku mchana mko hapa Kenya news section mkifungua nyuzi nonsense about Kenya, IMF, Ethopia etc while the world is passing you by!..[emoji23][emoji23][emoji23]




UPDATE 1-Ghana's economy seen up to 40 pct bigger after data overhaul -officials
ACCRA, July 18


(Reuters) - Ghana's economy will be up to 40 percent bigger than previously calculated when the West African country completes an overhaul of its economic output data in September, two senior government officials told Reuters on Wednesday.


The major commodity exporter is recalculating its gross domestic product based on measurements from 2013 instead of 2006 to more accurately reflect recent activity in the petroleum, communication technology and construction sectors, the statistics office said.

"The indication is that this year's rebasing will add 30 percent or more to the size of the economy... It could be up to 40 percent," a senior official close to the government's economic management team told Reuters.


"It's likely to be around 30-40 percent expansion", another official told Reuters.


Ghana's $47 billion economy ranks eleventh in Africa after Tanzania, according to IMF estimates for 2017. A 30 percent expansion will move it up one spot.


The statistics office plans to announce the new data in September, together with second quarter GDP growth. The economy expanded 6.8 percent in the first three months, it said in June.


The economy of the cocoa and gold producer expanded by 60 percent in 2010 when the country rebased its national accounts, leaping into middle-income status.

UPDATE 1-Ghana's economy seen up to 40 pct bigger after data overhaul -officials | Reuters

 

[Mkikuyu- Akili timamu]

Pretending to be very knowledgeable. The reasons why countries devalue currency are known. To gain an upper hand in import and export.
For some reason, your rebasing and devaluing has not helped you.
Those economic classes you attended taught you to cook data but didn't teach you the market never lies.
Whether you rebase or devalue a thousand times, you are still the same LDC.

First, you have said nothing..You dont understand economics.The rest is just you usual bile.

Devaluation huwa inafanywa kuincrease competitiveness of a country's exports. Na kama export ya raw materials ndio inafanya T.Z idevalue currency basi tuna shida sana kama Waafrika. Wakati China inadevalue currency yao kuprotect finished products, nyinyi mnakimbia kudevalue yenu kuprotect raw materials kama unprocessed gold kwa mfano. Nadhania protectionism sio kitu ya kuchezea, kwa sababu devaluation ina negative effects pia. Kwa mfano importers wataumia sana kwani dollar itakuwa more expensive and harder to get meaning they will import less goods even as exporters celebrate the devaluation. Remember in economics, most policies have positive and negative effects. Exporters wanasherehekea wakati importers wanaumia na wanauziwa dollar at a more expensive rate. Infact my argument is that third-world LDC, extremely poor countries like most African countries should not devalue their currencies but should stabilise it through central bank intervention to ensure that importers can get a steady supply of dollars to import capital goods and machinery which will be used to build industries and infrastructure. Just like Kenya imports alot of machinery and capital goods that is critical in building this ecomomy.
Imports for an LDC are equally as important as exports because if you don't import machinery to build industries then you can't increase your exports. Imports and exports are related and you can't ignore one and expect to succeed. Ambia Magufuli nataka kumpa free economic advice, anipigie simu.

Boss, do you know the rationale for Tz devaluing their currecy? The most foreign income consuming import is petroleum wich Tz has successfully saved over $7.4bn
Tanzania: Natural Gas Find Saves 15 Trillion/-
Now on the export side, Gold and minerals are traded in $$ not TZS so there is no foreign exchange loss at any point.
The advantage comes in export of agricultural products and manufactured goods a weak shilling fuels a revolution in this sector.
The only issue with weak TZS is import of machinery for manufacturing which become expensive..but this is countered by a ready and cheap gas supply to power boilers,funaces and provide cheap power in industries.

 

[Hamster255]

First, you have said nothing..You dont understand economics.The rest is just you usual bile.

Boss, do you know the rationale for Tz devaluing their currecy? The most foreign income consuming import is petroleum wich Tz has successfully saved over $7.4bn
Tanzania: Natural Gas Find Saves 15 Trillion/-
Now on the export side, Gold and minerals are traded in $$ not TZS so there is no foreign exchange loss at any point.
The advantage comes in export of agricultural products and manufactured goods a weak shilling fuels a revolution in this sector.
The only issue with weak TZS is import of machinery for manufacturing which become expensive..but this is countered by a ready and cheap gas supply to power boilers,funaces and provide cheap power in industries.

Mkikuyu and Geza showing us they know Economics ya kujidanganya TZ.... hahahahahahaha

 

[Hamster255]

First, you have said nothing..You dont understand economics.The rest is just you usual bile.

Boss, do you know the rationale for Tz devaluing their currecy? The most foreign income consuming import is petroleum wich Tz has successfully saved over $7.4bn
Tanzania: Natural Gas Find Saves 15 Trillion/-
Now on the export side, Gold and minerals are traded in $$ not TZS so there is no foreign exchange loss at any point.
The advantage comes in export of agricultural products and manufactured goods a weak shilling fuels a revolution in this sector.
The only issue with weak TZS is import of machinery for manufacturing which become expensive..but this is countered by a ready and cheap gas supply to power boilers,funaces and provide cheap power in industries.

Tanzania's Magufuli On Warpath With Oil Companies
Tanzania's liquefied natural gas project suffered another setback this week after President John Magufuli accused the international oil and gas companies of seeking huge profits at the expense of the country's development.
President Magufuli spoke in Musoma on Wednesday in the wake of the collapse of the host government's negotiations with the international companies, which has left the $30 billion project in limbo.
He told a rally that the country was unable to generate electricity from its natural gas reserves because the companies have taken full control of the resources and asked Tanzanians to back the Stiegler's Gorge hydro project, which has been facing opposition from environment activists and aid agencies.
President Magufuli accused the companies of demanding a high percentage of the proceeds from the LNG, and said that the government would continue with its plan to develop the Stiegler's Gorge project, which is expected to generate 2,100MW.
"Donors are opposing the project, asking why we are not using natural gas. But the International Oil Companies (IOCs) have taken over the natural gas... They take a high percentage of the proceeds because they participated in discovering the gas. That is why the capacity of the pipeline the government built from southern Tanzania to Dar es Salaam is only 30 per cent. That is the game being played by the people who want to colonise us economically," President Magufuli said.
BYE BYE gas Investors...

 

[Tony254]

First, you have said nothing..You dont understand economics.The rest is just you usual bile.

Boss, do you know the rationale for Tz devaluing their currecy? The most foreign income consuming import is petroleum wich Tz has successfully saved over $7.4bn
Tanzania: Natural Gas Find Saves 15 Trillion/-
Now on the export side, Gold and minerals are traded in $$ not TZS so there is no foreign exchange loss at any point.
The advantage comes in export of agricultural products and manufactured goods a weak shilling fuels a revolution in this sector.
The only issue with weak TZS is import of machinery for manufacturing which become expensive..but this is countered by a ready and cheap gas supply to power boilers,funaces and provide cheap power in industries.

Umejitetea vizuri. Nimekuwacha uende. Bora umekubali devaluation ina negative effects ,mimi sina shida na wewe.

 

[PowelTz]

Ghana imewapita

Imeipita kwa nini kwasababu GDP Tz is 56$billion Ghana 48$billion,and GDP PPP Tz 177$billion Ghana haijafika hata $150 billion!!??.

 

[Mkikuyu- Akili timamu]

Umejitetea vizuri. Nimekuwacha uende

😎😎. Now lets assume Tz never devalued their currency by 40% .. Assuming you know that GDP Is Quoted in current dollar prices, Tz GDP would be 40% larger, that is by simple calculation 140% of $52bn which is $72bn, not bigger than kenya but within a billion dollar margin. and not mentioning that kenya has borrowed $40bn more than Tz..Usidharau wabongo, The days of a lazy bongo country are gone

 

[Mkikuyu- Akili timamu]

Umejitetea vizuri. Nimekuwacha uende. Bora umekubali devaluation ina negative effects ,mimi sina shida na wewe.

Hehe wachakuchange topic Strong and weak currecy both have posite and negative effects the issue is on GDP current prices in $$. The faster kenyans realize that Tz is a power house the better..But as aways, burring your head in the sand is far much comfortable

 

[PowelTz]

TZ the 15th richest country in Africa

Usituzungushe zungushe hapa Ghana imepitwa kila idara na Tz.Ghana yenyewe inadaiwa madeni ya kutosha 70% to Gdp ratio yaani kiufup tu Ghana ifananishwe na Failed state nyingine kama malaw,uganda,zimbabwe,kenya etc...... ......

 

[willyTrinidad]

PowelTz

Wewe bongolala unaelewa simple economics?? unapandwa na presha bure, wacha uzembe, tumukia inchi yako

“The rebasing means that current GDP value including oil is estimated at 256.67 billion cedis ($58.9 billion), up from 123.65 billion cedis," Mr. Wadieh added