Comparison Between Nigeria naira and Ghana cedis

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5 ай бұрын

Comparison Between Nigeria naira and Ghana cedis
$1,000=1,474,620 naira
$1,000=12,396 cedis
12,396 cedis=1,474,597 naira.
All the same But Nigerian 🇳🇬 are carrying Load of money. We are Calling on Nigeria Government Should look into Naira.
Please share

Пікірлер: 128

@availablegh7231 4 ай бұрын

Am a ghanaian but i think you are the only wise Nigerian i have come across on social media...gh will always lead.

@sunnyyande378 4 ай бұрын

@availablegh7231, he asked a critical question to Ghanaians, you didn't answer the question. All you can say is; Ghana is leading. How is Ghana leading?

@goodnessoluwa.3260 4 ай бұрын

Lame you ever remain bet me.

@anekstar3027 4 ай бұрын

But the guy said they are the same. Is hard to make 12,000 ghana cedis which equal 1000$ is same way Nigerians struggles to make 1.4 million naira which equals $1000. So how ghane better ? Come to think of it Nigerians are still far richer than ghanians, If Nigerians enter any events u will know they around, if ghana cedis is bigger in value how com ghanians are not rich

@thestrongsignal 4 ай бұрын

@@anekstar3027Nigerians throwing money means nigerians are richer 😅😅😅😅 If that is the case then Nigerians are richer than Americans. Nigerians argue like they don't have sense. How can u even say this?

@TopViewServices 5 күн бұрын

I wouldn't blame VDM, probably he didn't know much about the mathematics of currency.. You need to consider the purchasing value of currency before you make comparison..

@akwaabafarms178 4 ай бұрын

It also same it not easy to make 1,000 dollars

@awuahcurtis 4 ай бұрын

Great news

@Travelbysammi 4 ай бұрын

Meaning naira have value than the dollar, because what the naira can do or buy in nigeria the dollar can’t the same in the USA. You can buy a land for 1 million naira depending on the area. But you cannot buy a land in the USA for $1000

@apachekafka773 4 ай бұрын

Exactly.

@sirikatulatif9426 2 ай бұрын

It can't even pay rent in some apartments for a month.

@asiedu2869 4 ай бұрын

Is about time,you Nigerians should go out in numbers to Demonstrate against this Tinibu Government and stop this currency 💲💵 stuff...Be truthful to yourself, things are getting worst every day...

@okparasamson7984 4 ай бұрын

God bless you my brother

@shabestonlinetutorial 4 ай бұрын

Bless you too sir

@yahyea7 3 ай бұрын

🎉

@user-dn2uk9cf5e 4 ай бұрын

🎉🎉🎉

@philipomamacito4969 4 ай бұрын

The naira has more value

@jamesjonathan4402 4 ай бұрын

1000 dollar is now 1.8m

@luckynaomi4728 4 ай бұрын

❤❤❤❤❤

@whatisayiswhatuhear 4 ай бұрын

When u done solving ur Ghana to Nigeria matter go ahead and branch to South Africa to search the currency that has value or not because if Nigeria is not that important to Ghana, why do u all always compare Ghana to ur master Nigeria? World for thought

@kennyKelvins 4 ай бұрын

Keep it up,you ate wise and good

@shabestonlinetutorial 4 ай бұрын

Thanks sir 🙏

@stephenjohnson3542 4 ай бұрын

YOU ARE A VERY SMART GUY. KEEP IT UP BROTHER. THANKS.

@shabestonlinetutorial 4 ай бұрын

God bless you sir

@stephenjohnson3542 4 ай бұрын

@@shabestonlinetutorial 👍

@zehnizehnientertainmentzze2715 4 ай бұрын

Very dark man!! Hahaha!!! 😂😂😂

@Isopher 4 ай бұрын

Redenommination results in significant efficiency gains when undertaken in the context of strong economic foundamentals and macroeconomic stability. For this reason most countries resort to redenomination after they have ’addressed the monetary policy problems that have generated the large local currency to dollar(or other prestigious currency) ratios.’(Layna, 2006) In the case of the redenomination of the cedi(2007), five years before the time, macroeconomic stability began to take root with falling inflation and interest rates increasing at a decreasing rate. The cedis role as a store of value was largely restored after government’s commitment to fiscal and monetary policy prudence.(Bank of Ghana Circular on the Redenomination, 2007). This is why Ghana joined HIPC program to fix these issues and restructured the economy. The ridiculous analogy of old cedis 000 was to help ordinary Ghanaian understand the new cedis therefore the old cedis was pegged against the new cedis so ppl can covert their old money with an understanding of what the new currency equivalent was to the old

@gob3joint 4 ай бұрын

Gob3 joint was here

@sulemanibrahim577 4 ай бұрын

Man, please save your tutorial cux there's influx of Nigerians into our motherland Ghana. Cedis don dey go oo😂😂

@sunnyyande378 4 ай бұрын

This is a wack analysis. It doesn't make any sense. Have you forgotten that Ghana removed 4 zeros from the Cedis in 2007? One dollar now is actually 120,000 Cedis. The question is what can the equivalent of one dollar Cedis buy as compare to what the equivalent of one dollar in Naira can buy?

@jonasca6439 4 ай бұрын

Im sure you are not a Ghanaian… all you said doesn’t make sense

@sunnyyande378 4 ай бұрын

@@jonasca6439, I don't have to be a Ghanaian to tell the truth. Can you tell me what I said that doesn't make sense?

@markacheampong8823 4 ай бұрын

But are you forgetting the value of 120000cedis in 2006 isn't the same now. So how are you comparing the same 120000 cedis to Ghc12 lol it's like saying 1 naira before is the same as 1 naira now. The thing is the value isn't the same

@sunnyyande378 4 ай бұрын

@@markacheampong8823 , keep wallowing in your ignorance and living in delusion!

@IdjerheEmmanuel-vm1fo 4 ай бұрын

Bros. You go school oooo..... thanks

@shabestonlinetutorial 4 ай бұрын

❤️❤️❤️

@niiadu1983 4 ай бұрын

Hahahah, how much is a sachet of water in Nigeria, Gh 1 = 2 sachets of water Gh 1 = 147 naira, Now, how many sachets of water will i buy in Nigeria with Gh1.

@user-uz7xs4zi1k 4 ай бұрын

Yes, meaning the naira has more value in Nigeria.

@anekstar3027 4 ай бұрын

You are on point bro. It can't even buy 1 bag

@isaacrichard387 4 ай бұрын

Massa, u can only deceive ppl in Nigeria who have not lived in Ghana before. I have been here since 2019 till date. Bro to make 100 cedis in a day in Ghana, u will work and die 😂😂 4:08 4:08 4:08 4:08 4:08

@isaacrichard387 4 ай бұрын

It is very easy for one to dash out 2,000 Naira for free just to go and eat but hardly for someone to dash u 50 cedis to go and eat 😂😂😂😂 my brother that 50 cedis is a day job for many companies in Ghana. U will work for 8 good hours 🤣🤣🤣🤣

@boafoadade5209 4 ай бұрын

The Ghanaian govt back then did well .they did the necessary need and invested massively well in their currency. ,$1 was once 2ghc ... if it is easy let your govt do that

@thelordisgreat.4529 4 ай бұрын

When was $1 = 2 cedis? You mean the years Ghanaians were running to Nigeria for a better life … You are a joke

@joeyknight4001 4 ай бұрын

@@thelordisgreat.4529 Really? Aside poverty illiteracy and arrogance is also a problem in Nigeria?

@kelvinadu5497 4 ай бұрын

I'm a Ghanaian and a banking and finance graduate of UG Legon, the Ghana Cedi can never be better than the Nigeria Naira, the cedi is a façade and 4 zeros were removed from the cedi in 2007 when the cedi depreciated to appalling levels, comparing cedi to naira is like comparing an ant to elephant, the Naira has never depreciated to the point where you had to remove four zeros....remember the cedi used to have 20,000 as one note before the remodelling which is the 2 cedi we know today....Take note that the 1 cedi you see is actually 10,000 cedis, please do your research before commenting on things you know little about, the Ghanaian government sees this kind of argument daily and are happy that their Psyop is working, especially on our Nigerian brothers and Sisters...Furthermore, the number written on a note doesn't dictate its value, what it can buy is what dictates its value, including things like inflation, port duty, GDP & Standard of living, cost of living, Ghana has the highest inflation rate in Africa, Ghana charges the highest duties on imports in west Africa, Cost of living in Ghana is also the highest on the African continent, making the cedi very VERY VERY weak.......1 cedi is 12 Japanese Yen, yet the Yen is number 4 on the forex trading market, the number on the note doesn't dictate value, alot of factors does. Please let us educate ourselves more and stop spreading misinformation....

@shabestonlinetutorial 4 ай бұрын

❤❤❤❤

@Isopher 4 ай бұрын

Graduate😂. Who told you ghs and ghc is the same currency. If it was about cancelling zeros, Zimbabwe will be doing this. Don’t talk about something you don’t know

@naf9035 4 ай бұрын

U don’t know what u are saying

@frankkyereme7125 4 ай бұрын

Your not Ghanaian, simply question ❓ why is it that Nigeria 🇳🇬 government should not remove all zeros and make the currency to become strongest money in the world 🌎?? It doesn't work like that accept and put pressure on your government and do better for your country Nigeria 🇳🇬 period

@Yesumo1932 4 ай бұрын

U write all these nonesense thinking u are making sense..a typical Zoogerian, if it’s about zero, why can’t your Govt remove the zero..total rubbish..u went to university and u are talking like a mad person..stop disgracing yourself l..the Ghana cedi is the 3rd strongest currency in Africa..the naira is useless and worthless

@ndidiechefu2479 4 ай бұрын

Mr. Analyst, educate yourself first before coming here to misinform people. The Ghanaian government removed four zeros from their money back in 2007 and then renamed it Ghana cedis, which means that 10,000 cedis is what they now call 1Ghana cedi but the value remains the same. So, when you say one dollar is equal to 12, 396 Ghana cedis, the value is actually 123,960,000 when you add the four zeros that was removed in 2007 by the Ghanaian government, which was done so that citizens wouldn't have to carry bags and bags of cash on them. Removing the zeros did not mean that the value increased. Please, stop spreading false information. Many Ghanaians know this but of course, only a few will admit it's true.

@johnnykumah8864 4 ай бұрын

Don't be too hard on yourselves, Nigerians, okay, I can understand your pain and it's fine by us the Ghanaians. When you underrate a group of people for so long, there is nothing about their progress that makes sense to you. Very Dark man, didn't need a rocket science feel and experience the differences in value whilst he was in Ghana. You, keep arguing and be repeating that, four zeros had been cancelled and all that, but my reality is in my average middle income salary which is about Ghs 3000 to Ghs 5000 which can get both I and family by in a month and even have a change for savings. Even though we(Ghanaians) are on our government that things are bad, it is not compared to your situation. Just as a $100 would not be that huge in the states but a big deal in Ghana, So in the case of the Cedi to Naria. A 100 Cedi note in Ghana would buy considerable amount of goods but does far better better in Nigeria. Lastly, just find out from those who cook food and sell how much money in a day do they made in Ghana? It will shock you to know that some local food vendors make as much as Ghs 10,000.00 a day. Why do you think many are coming to Ghana including Nigerias to do business in Ghana. who will invest much in a place where returns are low in or in a a currency which gives value for money. Keep explaining whilst we(Ghana) keep making progress on the go.🤣🤣🤣🤣

@ARTHURMAVTV 4 ай бұрын

Lol go back and read history about Ghanaian cedi our money in those days start with 100 one hundred 200 500 1000 one thousand unlike Nigeria which theirs start with 1nira 2two 5 five 10 20 50 100 hundred

@nnaemekadaniel6282 7 күн бұрын

@@johnnykumah8864you earn 3000cedis-5000cedis a month, do you know how much Nigerians earn? Have you checked your country minimum wage a compare it with that of Nigeria? That job which pays you 3000-5000gh a month, the same job will pay a Nigerian N400,000-N600,000 equivalent to 4100-6200cedis. The Nigerian current minimum wage daily is N2,500 = 26gh and monthly N62,000= 630gh. The Ghanaian current minimum wage daily is 18gh = N1,700 and monthly 489gh = N48,000.... With this analysis it's obvious the working Nigerians in Nigeria earn much higher than the working ghanaians in Ghana. Claiming food vendors or business make more money due high cost of living resulting to high profit margin(hyper inflation) you forgot your country has little economy, and population compared to Nigeria, hence the purchasing power in your country is lower than in Nigeria, you forgot the law of demand which is "THE HIGHER THE PRICE, THE LOWER QUANTITY DEMANDED" and "THE LOWER THE PRICE, THE HIGHER QUANTITY DEMANDED"... let's have a practical, a food vendor sells jollof a plate 30gh and made 50 sales a day 1,500gh. A Nigerian food vendor sells jollof a plate N800 and considering population and higher number of people with purchasing power, she made 200 sales a day that's 800 x 200 = N184,000 equivalent to 1,920gh, obviously meaning the Nigerian food vendor despite her foods are cheaper with less made more sales and money than the Ghanaian Good vendor which her food is much expensive with profit.... What am I trying to explain business does better in Nigeria than Ghana because you makes sales in volume regardless the price you sell compared to Ghana with low purchasing power you have to sell double the price to survive the economy (hyper inflation)

@josephorobosa6105 4 ай бұрын

Wack analysis u didn't talk about how Ghana redenominate their money, they remove 4zero to make it look strong. 1ghc is = 10,000 cedi the value still remains the same.

@knii5793 4 ай бұрын

So you should learn from us. Tell your politicians We must all try to move forward

@zigibeat3689 4 ай бұрын

Brazil in 1930,1942 and 1967 removed three zeros each year for three times.

@absonlineschool9397 4 ай бұрын

Oga do same now stop that bogus analysis and learn

@sunnyyande378 4 ай бұрын

@@absonlineschool9397 , we don't need to. It is not important. Check Japanese Yen to one dollar or Vietnamese Dong to one dollar. It is not about the nominal numbers, it is what the money can buy that matters.

@markacheampong8823 4 ай бұрын

@@sunnyyande378 Then Cedis is better than Dollar. Cos what I can buy with 10cedis in Ghana it equivalent cannot be bought is USA. What I can buy with 1 million cedis in Ghana cannot it equivalent cannot be bought in US

@isaacrichard387 4 ай бұрын

It is very easy for someone or ordinary person to dash out 2,000 Naira for free just to go and eat but hardly for someone to dash u 50 cedis to go and eat 😂😂😂😂 my brother that 50 cedis is a day job for many companies in Ghana. U will work for good 8 hours 🤣🤣🤣

@user-uz7xs4zi1k 4 ай бұрын

Why are u all daft? The naira has value in Nigeria.

@nanakay9390 4 ай бұрын

I don't stress baby, that's my 1 month two weeks salary, I don't know about others without a master let me be precise

@thelordisgreat.4529 4 ай бұрын

Some workers are paid #1 m in Nigeria too , so no difference. Just the gaps between the rich and poor

@olowoporoku1000 4 ай бұрын

What is the purpose of this lecture?/ is it to show how well Ghana is doing?. If you want to be the leader of Africa, feel free. Congratulations Ghana.

@roynique5218 4 ай бұрын

We have always been your leader. We don’t have to try. We taught you independence but you are here acting like we are your leader even with ghana must go, we kicked you out first. Who ever made you a leader to begin with. 😂

@olowoporoku1000 4 ай бұрын

@@roynique5218 ofcourse you are😂😂😂 and you have since lived in the shadow of your student. And that’s because there is no substance to your leadership.

@rosenyarko1457 4 ай бұрын

Naria is Nonsense to the Cedis

@sunnyyande378 4 ай бұрын

@rosenyarko1457, how? Have you forgotten that Ghana removed 4 zeros from Cedis? Put the 4 zeros back, and It will be 120, 000 Cedis to one dollar. Compare with 1,400 Naira to one dollar.

@rosenyarko1457 4 ай бұрын

@@sunnyyande378 tell me how much is one dollar in Naria and I will tell you how much is in cedis

@sunnyyande378 4 ай бұрын

@@rosenyarko1457 1$ = 1500 Naira while 1$ = 120000 Cedies

@sunnyyande378 4 ай бұрын

@@rosenyarko1457 1 USD$ = 1500 Naira while 1 USD$ = 120,000 Cedies. I hope that makes sense to you.

@rosenyarko1457 4 ай бұрын

@@sunnyyande378 you are very funny, when was the last time you change dollars to Naria?

@alegbekehinde8753 4 ай бұрын

I need you to fact check me... 12,000ghc would buy less items than 1,4487,000 naira could buy you in Nigeria.

@fblac1635 4 ай бұрын

To get 12000 in Ghana struggle like what you think. People spend it one night in a night club. The question is how much you make in Nigeria per one month of government workers? For the example if you teaching in Nigeria how much you make per month? And if you teaching in Ghana how much you make per month. you have to break all it down before you finalized. For the example Ghana doctors pay start from 5000 cedis to 10,000 cedis . Judges make 4000 cedis to 8000 cedis plus. Ghana teachers make 2500 cedis to 7000 cedis a month. Ghana Business men and women make way more a month. Nigeria teacher make 250,000 naira per month if you convert 250,000 to Ghana cedis is 2022.58 cedis. this means Ghana teacher get more pay than Nigeria teachers., because Ghana teacher make 2500 cedis up to 7000 cedis. It's clear that Ghanaian make more more that's why a lot of Nigerians moved to Ghana and they making very good money in Ghana.

@favourjolayemi 3 ай бұрын

I've not seen a Nigerian Teacher earn up to ₦250000. If there's any, that would probably be a Principal in Government school with about 2 decades of experience in teaching.

@olowoporoku1000 4 ай бұрын

1Naira was 100 cedis in the 1980s. whats new?

@oseitututawiah2109 4 ай бұрын

Never True. In the 1980s, the Nigerian Naira was 16.50 Ghana Cedis. Do your research well. I left Nigeria as a Ghanaian kid in 1985.

@olowoporoku1000 4 ай бұрын

@@oseitututawiah2109 My Ghanaian fine art teacher was also our tenant told my Grandad in the early 80s. I didn't have do research . i remember what he said this was the early 80s.. At least we agree that not all Ghanaians were expelled from Nigeria at the time

@ericedudzi6267 4 ай бұрын

100 in those days is like 1cedis if you don't know check well

@isaacrichard387 4 ай бұрын

As at then, 50 pesewas was 5,000 ghc and 1 cedis was 10,000 cedis 😂 now they have removed the 4 Zeros to make it 1 cedis and Ghanaians are stupidly happy 🤣🤣🤣

@oseitututawiah2109 4 ай бұрын

@@isaacrichard387 No, not true at all. In the 1980s Ghana money was just like it is right now before inflation jumped it into 1000s like how the Naira is at the moment.