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Episode details

World Service,03 Nov 2022,26 mins

How Sri Lanka and Ghana are bearing the brunt of the strong dollar

World Business Report

Available for over a year

Ghana's Cedi extended the world's biggest loss against the dollar this year, dropping as much as 9.6% - its biggest decline in 22 years. A UK subsidiary of mining giant Glencore has been ordered to pay more than £275m for bribing officials in African countries to get access to oil. The company paid $26m (£23m) through agents and employees to officials of crude oil firms in Nigeria, Cameroon and Ivory Coast between 2011 and 2016. (US Federal reserves have raised interest rates four times in a row. Credit: Getty)

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