Ghana dumps dollar for gold The Ghanaian government recently announced its plans to buy oil products with gold rather than the United States dollar. Ghana is now joining a growing group of countries that have taken direct action against the US dollar hegemony.
The move could have a significant impact on global currency markets, and may lead to the eventual replacement of the US dollar as the world's reserve currency.
This shift follows months of political unrest in the United States, which has led to a rise in global oil prices and a decreased demand for US dollars. The decision by Ghanaian officials to switch to gold could signal that other countries are beginning to reassess their relationship with the US dollar.
