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World Business Report: First broadcast 03/11/2022 15:32 GMT : How Sri Lanka and Ghana are bearing the brunt of the strong dollar

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

First broadcast 03/11/2022 15:32 GMT 

First broadcast 03/11/2022 15:32 GMT : How Sri Lanka and Ghana are bearing the brunt of the strong dollar

BBC World Service - World Business Report, 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 £275m for bribing officials in African countries to get access to oil.

The company paid $26m (£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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First broadcast 03/11/2022 15:32 GMT : How Sri Lanka and Ghana are bearing the brunt of the strong dollar

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