Ghana’s prez has a simple fix for the “rigged” global financial system. John Mahama wants African nations to move a third of their foreign reserves held abroad to the African Development Bank. Countries could then borrow from it at competitive rates for development. Right now, the cost of capital from foreign lenders is crippling African nations. On average they pay four times more for loans than the US, and that means spending huge sums servicing debt. It’s estimated African nations collectivel

Ghana’s Gold Overhaul Delivers Sevenfold Payout Jump | Firstpost Africa | N18G

Ghana’s Gold Overhaul Delivers Sevenfold Payout Jump | Firstpost Africa | N18G