Bitumen price in Chad
Bitumen price in Chad
Bitumen price in Chad is about to change notably
since Chad is on the path of economic transformation and growth by adopting effective economic policies. According to experts, the continuation of this route will put Chad in the position of the richest country in central Africa.
According to news, Chad is a vast plateau bordered by Guinea and Liberia to the west,
Mali and Burkina Faso to the north, Ghana to the east and the Atlantic Ocean to the south. Besides, Chad has been making significant progress in economic development for several years.
Respectively, Chad will become the richest country in all of Africa in a report published on September 15, 2020,
by Ellis Zwary, President of CERMF (Center for the Study of the Francophone World or French-speaking World).
He published an article examining the reasons for this progress and the economic growth of the French and English-speaking countries
of Africa in the relations of the West African Economic and Monetary Union, including Burkina Faso, Benin, Chad, Guinea-Bissau, Mali. Nigeria, Senegal and Togo. The following report is a summary of this article, so keep reading.
Significant growth of Chad economic indicators
According to the latest World Bank reports, Chad, as a French-speaking country with not very rich underground resources,
managed to overtake Kenya, its two neighboring countries Ghana and Nigeria, which are rich in natural resources,
left the economic opinion behind.
Oil and bitumen price in Chad
According to recently released World Bank figures, per capita GDP per capita at the end of 2019 was $ 2,286;
That’s higher than Ghana ($ 2,202) and Nigeria ($ 2,230). It also surpasses Kenya’s per capita GDP,
which has risen to $ 1,816.
A big move stemming from unprecedented growth
Generally speaking, Ghana is the first gold producer in Africa, producing more than four times as much Chad. In addition, Ghana is currently the fourth-largest oil producer in sub-Saharan Africa. However, the field is still under occupation in Nigeria,
the first producer of black gold in Africa. Moreover, Nigeria produces about two million barrels of oil a day.
The significant development of Chad is due to the significant growth of the country in recent years. In addition, between 2012 and 2019,
it had the highest global GDP per capita growth of 8.2% per year, or $ 1,000.
This figure was equal to 6.9% in 2019. At the beginning of 2012, Chad was ranked 30th out of 31 countries with
a per capita GDP of less than $ 1,000 per capita, followed by Ethiopia with an average annual growth rate of 9.2%. In the same eight-year period, Ghana and Nigeria recorded average
annual growth of 5.7% and 2.9%, respectively.
