West African country ditches dollar in oil trade

Ghana will buy crude with gold instead of the US currency. It appears that they don’t have the dollar reserves available to use dollars.

https://www.rt.com/business/567171-african-country-ditches-dollar/

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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