Top 5 strongest currencies in Africa only have one representative from west Africa which is Ghana. What happened to Nigeria?
Africa taken by storm at the rate for which the northern part of the continent is doing so well when it comes to stabilization of their economy. What is the rest of Africa not doing well?
North Africa is heavily represented by 3 strong countries who are doing so well. These three countries are headed by Tunisia whose exchange rate strength against the United state dollar is 3.019 making them number one strongest currency in Africa.
They are heavily followed by Libya against all odd. Who would have thought that Libya of all against all the political unrest, war, overthrow and assassination of Muhammad Gaddafi, commonly known as Muammar Gaddafi, who was the de facto leader of Libya from 1969 until his assassination in 2011. Libya despite it all are positioned number two as the second country in Africa with the strongest currency exchange rate of 5.515 against the United state dollar.
Morocco are seated comfortably at the third position with the rate of 9.31 increasing the northern sector slots to 3
Ghana is the only West African Country heavily represented here. This is what i call miracle. Just few months ago Ghana was ranked around the 10th strongest and now rated the 4th strongest African currency just behind Morocco with the exchange rate of 12.35
South Africa narrowly joined the race through Botswana who are gradually becoming an economic force to recon with the exchange rate against the united state dollar of 13.52 waiting for Ghana economy to slide.
Our question of the day is, where is East Africa in all these whole developments? Sadly, East Africa is not represented in the top 5 strongest countries with good grounds against the United state dollars in the month of may. We wish and pray for good economic standings on the world market and locally.
Where ever Ghana is represented, the question asked is where is Nigeria? Sadly, the Nigerian currency isnt represented at the moment. We are in a dispensation where Africa is waking up and gaining grounds on its own natural resources which Nigeria can equally Bost of. The top 3 out of the top 5 countries listed are countries with oil. Nigeria has oil yet not in the top 5 list. We wish to see Nigeria rise to the top
Story by Emmanuel Nana Owusu
www.mptvgh.com
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