- According to Vice President Mahamudu Bawumia, Ghana is developing a new strategy to purchase oil products using gold rather than US dollar reserves to deal with declining foreign currency reserves.
- A significant structural change, he added, is represented by the barter of gold for oil, which, if put into practice, “will fundamentally change our balance of payments and…reduce the persistent depreciation of…currency.”
Ghana intends to purchase oil using gold rather than US dollars: Vice President
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