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Ghana Plans To Buy Oil With Gold Instead Of Us Dollars In 'major Structural Change' -- Puppet Masters -
Posted on: Nov. 24, 2022, 8:31 p.m.
Ghana's government is working on a new policy to buy oil products with gold rather than U.S. dollar reserves, Vice-President Mahamudu Bawumia said on Facebook on Thursday. The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local cedi and increasing living costs. Ghana's Gross International Reserves stood at around $6.6 billion at the end of September 2022, equating to less than three months of imports cover. That … Full investment news article
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Cardano Defi Project Ardana Halts Development, Citing Funding, Timeline Concerns
Posted on: Nov. 24, 2022, 8:21 p.m.
The project closed a $10 million round led by now bankrupt crypto hedge fund firm Three Arrows Capital last year. Full investment news article
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