jerome
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jerome
@readJerome
African economic & political risk coverage. Finance OG. Ghana is unserious, but far from a lost cause.
My surface thinking (I don’t promise a deeper analysis soon) is that hoarding gold is a long-term de-risking strategy that will now pause for the short-term necessity of more dollars being allocated to fuel supplies & building strategic reserves. Bearish on gold at the moment.
🇧🇫 Burkina Faso suspends export of fresh tomatoes nationwide until further notice to boost local processing, granting a two-week window for holders of existing permits before strict sanctions take effect.
Don't you think that there's a failure when in a fertile country like Ghana, we travel to a desert to go and buy tomatoes? - Prof. Kwesi Aning [Security Analyst] #Newsfile
Burkina Faso Bans Fresh Tomato Exports, Raising Concerns for Ghanaian Tomato Traders. The statement issued from the Burkinabè government in Ouagadougou says the suspension is effective immediately and will remain “until further notice,” to prioritise local supply for domestic processing industries. This ban will likely worsen Ghana's tomato supply crisis, as Ghana imports around 90% of its tomatoes from Burkina Faso, worth over $400 million annually.
Asia did not listen to the World Bank. But Africa, except for maybe Ethiopia, Morocco, Egypt & SA. largely did. Reasons behind the continent's lack of industrialization