The Strait of Hormuz is “open” again: What does that mean for YOUR rand?
Think of the Strait of Hormuz like the Durban harbour channel for the world’s oil. 1 in every 5 barrels shipped by sea squeezes through it. When it blocks, South Africa feels it at the pump, in taxi fares, and in your braai meat.
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So the Strait of Hormuz is “open” again; What does that mean for YOUR cedi?
Think of the Strait of Hormuz like the Tema Harbour exit for the world’s oil. 1 in every 5 barrels shipped by sea goes through it. When it blocks, Ghana feels it at the pump, in trotro fares, and in your kenkey.
1. Petrol & diesel:!-->!-->!-->…