Economic Development • 28 Nov 2022 Ghana’s Golden Gambit on Oil Of all the motley crew of ideas the government of Ghana has churned out in recent days and weeks to deal with the country’s deteriorating public finances, none has caught fire like the decision to start buying oil with gold rather than dollars. Everyone from crypto anarchists to goldbugs is... read more
Economic Development, General • 26 Nov 2022 Ghana’s 2023 Budget: A Missed Opportunity The leadup to Ghana’s budget presentation was filled with political drama and outsized investor expectations. On Thursday, the 24th of November, the much anticipated event finally came off, in the shadow of a World Cup fixture between Ghana and Portugal. The budget, as finally presented, has many twists and turns... read more
Political Governance • 2 Nov 2022 The President of Ghana Wakes Up to the Economic Crisis? On Sunday this week, the President of Ghana mounted the soapbox to calm nerves in his frazzled and bewildered country. For months, soaring inflation (at near 40%) and a currency in free fall (50%+ depreciation against the US dollar this year) have been triggering controlled panic across the country. Yet,... read more
