Debt-ridden Ghana plans to buy oil with gold instead of dollars, as foreign currency reserves dwindle to an alarming low

Ghana’s Vice-President Mahamudu Bawumia announced a “new policy regime” in which the African country will use gold, instead of the US dollar, to pay for its oil imports. Luc Gnago/Reuters Ghana’s government is planning to use gold to pay for oil instead of shelling out US dollars. The move is expected to reduce the “persistent…