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How Sri Lanka and Ghana are bearing the brunt of the strong dollar

The Ghanaian Cedi is down 40% this year against the US dollar

Ghana's Cedi extended the world's biggest loss against the dollar this year, dropping as much as 9.6% - its biggest decline in 22 years.

A UK subsidiary of mining giant Glencore has been ordered to pay more than 拢275m for bribing officials in African countries to get access to oil.

The company paid $26m (拢23m) through agents and employees to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011 and 2016.

(US Federal reserves have raised interest rates four times in a row. Credit: Getty)

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27 minutes

Last on

Thu 3 Nov 2022 15:32GMT

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  • Thu 3 Nov 2022 15:32GMT