How Ghana's Economy Insanely Collapsed Under 11 Months

Описание: How Ghana's Economy Insanely Collapsed Under 11 Months

Ghana is currently learning the hard way why oil can be a blessing and a curse If not properly managed.

The discovery of crude oil and the exploration, helped turn this West African nation into one of the continent’s top investment destinations.

This made different successive government regimes to borrow a lot of money. Therefore making many foreign investors to offloaded Ghana’s bonds and currency, the Cedi. Due mounting concern over its ability to settle its debts. The tumbling exchange rate and drop of the Ghana Cedi even made the inflation even worse

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