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.
1.…
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:…