Ghana will purchase oil with Gold: Ghana is experiencing an unprecedented crisis marked by debt distress, currency depreciation and depletion of foreign exchange reserves. In such a scenario, Ghana’s government has decided to take a step against the prevalence of US dollars and it’s taking inspiration from Zimbabwe’s experience. Zimbabwe did the same thing in July and it looks like many African countries will follow suit.
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Most of Africa outside the Mediterranean and South Africa has up until really the last 5-10 years. Has Been remarkably unstable with no real infrastructure to speak of.
They’ve started to stabilize. At least in comparison to the typical expectation for the Continent are concerned. And the Governments are able to reliably exert some influence outside major Urban Areas and Large Towns.
They pretty much ignored Africa because of the expectation that it’ll be perpetually unstable. Considering how many countries there have one or more ethnic and religious groups who aren’t fond of each other living in close proximity with their opposing numbers. Not to mention the corruption.
Still, a few welcome steps in the right direction.
Bad rap. Zambia has diverse tribes and complete assimilation of whites and blacks. No racial discord, though there are tribal prejudices (no worse than frictions between white nationalities). It is a wonderful relief to be in a land where there is no race consciousness.