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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 Β£275m for bribing officials in African countries to get access to oil.

The company paid $26m (Β£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