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Ghana Tightens Control Over Gold Exports As Yellow Metal Prices Surge
Tuesday, April 15, 2025 - 7:19am | 523Read More...As the gold price crossed $3,200 per ounce for the first time, Ghana, a major gold producer, has officially centralized control over its gold exports under a newly established government entity. Effective immediately, Ghana Gold Board (GoldBod) becomes the sole institution authorized to buy, sell,...
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African Cocoa Plants Run Out Of Beans As Global Chocolate Crisis Deepens
Thursday, March 14, 2024 - 4:09am | 620Read More...The global chocolate industry is in turmoil as major cocoa plants in Africa, the world’s top producers, are running out of beans, leading to a potential price surge for chocolate consumers worldwide. What Happened: Major cocoa plants in Ivory Coast and Ghana have either halted or reduced...
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This Country Will Now Use Gold To Buy Oil Rather Than Dollars
Thursday, November 24, 2022 - 9:06pm | 528Read More...Ghana's government is negotiating a new policy regime where it will use its gold rather than its U.S. dollar reserves to buy oil products, Vice-President Mahamudu Bawumia said in a Facebook post on Thursday. Reuters first reported this story. What Happened: In a post titled "The Use of...
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Occidental Petroleum Announces Ghana Asset Sale: What Investors Need To Know
Thursday, October 14, 2021 - 1:31pm | 497Read More...Occidental Petroleum Corporation (NYSE: OXY) announced on Wednesday afternoon a major asset sale analysts say has helped improve the company’s near-term financial outlook and has the stock positioned to be an outperformer in coming years. What Happened? Occidental announced the sale of...
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Obama Highlights The Economic Costs Of Corruption In Africa
Tuesday, July 28, 2015 - 3:00pm | 1013Read More...U.S. President Barack Obama addressed the 54 member states of the African Union on Tuesday in the Ethiopian capital of Addis Ababa. He is the first U.S. leader to visit the pan-African government. During his speech, Obama reprimanded the continent's leaders for their corrupt policies and frequent...
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Anadarko Announces Another Ghana Find
Wednesday, January 18, 2012 - 11:51am | 196Read More...Anadarko Petroleum (NYSE: APC), the second-largest U.S. independent oil and natural gas producer, said its the Ntomme-2A appraisal well off the coast of Ghana found evidence of oil, adding to the company's string of successes in Africa. Texas-based Anadarko has an 18% interest in the Deepwater...
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5 Commodities ETFs That Could Disappoint In 2012
Thursday, January 5, 2012 - 3:19pm | 661Read More...Rising oil prices. Debased currencies. Central banks eager to print more money. If the past couple of years have taught investors anything it is that having some commodities exposure within a portfolio isn't such a bad thing. The other side of that coin is that selectivity is a must when picking...
