Ghana has a primary interest rate of 25%. >Open an account

>>1380058
Because its in Ghana

>>1380058
the bank probably has 100 dollars

>>1380058
>what is hyperinflation

>>1380127
>>1380058
interest rate of 25%.
bank gets looted once a year anyway

>>1380058
>allo' Ghanna, yes this is Hans Gruber calling from Berlin, I'd like to withdraw my funds now
>Thank you for the call Mr. Gruber, we currently have $18 dollars on hand
>I deposited 100,000K initially........
>Sir we have a riot going on inside of the bank over a spilled McDonald's bag, I will have to end this telephone conversation, thank you come again

>>1380150
kek at this

plus I just googled it, the inflation rate is 19%, I get better returns on literally everything else I own

>>1380127
>>1380143
>>1380147
>>1380148

How many times in the last 20 years has the Ghanian government been insolvent?

Just use a larger bank connected to the West and you're good.

People forget that high interest rates are also a signal of a country that is growing. Africa is young demographically, and vibrant, whereas the West is old and stagnant, and that's why bonds are at such premiums despite pathetic yields.

>>1380170
>Africa is young demographically and vibrant
Africa is a shithole. Literally black hole of money. You can send billions, even trillions and money just fucking dissapears. Investing in africa unless its some large international mining company owned by non africans is a suicide.

File: china-africa.jpg (31KB, 480x298px) Image search: [Google]

31KB, 480x298px

>>1380184
i want to own stakes in a chinese company in africa. ive heard amazing things from that sector. especially about the chinese infrastructure projects over there

>>1380150

Kekd heartily. Of all the Areas on Earth, Africa is the most impossible to deal with in any type of business.

>what is currency risk
>what is political risk

Return rates are higher in emerging markets because of risk premiums.