Officials in Ghana’s finance ministry recently said talks to restructure its debt to China were “highly cordial and fruitful” – but, however, not concluded. Ghana owes China almost $2 billion. As Reuters reported, while the West African country technically is in default because it has missed...
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Ghana is planning to buy oil with gold rather than its US dollar reserves, a move aimed at tackling the West African country’s dwindling currency reserves as it grapples with economic upheaval, Reuters reported. Vice President Mahamudu Bawumia said the new policy “will fundamentally change our...
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More than 1,000 Ghanaians took to the streets of the country’s capital this week to protest over Ghana’s ailing economy which has seen the local currency plummet and the price of goods increase to record levels, Reuters reported Monday. Demonstrators demanded the resignation of President Nana...
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Ghana and Ivory Coast, the world’s top cocoa producers, boycotted an international meeting on cocoa sustainability in Belgium this week to protest measures they say negatively impact farmers, Africanews reported Thursday. The World Cocoa Foundation, a group representing 80 percent of the global market, met in Brussels...
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