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The Rise and Fall of Ancient Ghana Empire. Ancient Civilizations

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Between the 9th and 11th centuries, the kingdom of Ghana was so rich that its dogs wore golden collars, and its horses, which were adorned with silken rope halters, slept on plush carpets. Based on animal luxuries alone, it is no wonder that foreigners touted Ghana’s kings as the richest men in the world. Located within the present-day borders of Mauritania, Mali, and Senegal, medieval Ghana literally sat on a gold mine. The land’s abundance of resources allowed Ghana’s rulers to engage in years of prosperous trading. Strategic governing coupled with great location led to the rapid emergence of a very wealthy empire. Most of what we know about ancient Ghana – which is more accurately called Wagadugu based on writings of Arab travelers who came in contact with the nation’s peoples. 

“Ghana” was actually the title given to Wagadugu kings and was used by the Islamic “reporters” to describe the rich and mysterious place they observed. Evidence of Ghana’s occupation dates back to the 4th century, but it was several hundred years later that it became established as a nation by a tribe known as the Soninke, whose leaders have been credited with the early strengthening of the Wagadugu state and the expansion of its territories. By 1000 CE., the nation had undergone strategic expansion and taken control of a large pocket of land between the upper Niger and Senegal Rivers. The region was rich in gold, and its acquisition meant that Ghana would become a leading force in the trans-Saharan trade network.

The leader of all leaders was the king, who was also known as the Ghana, or war chief. His word was law. He served as the army, commander in chief of a highly organized crew and the controller of all trade activities, and the head administrator of justice. Mayors, civil servants, counsellors, and ministers were appointed by the king to assist with administrative duties – but at all times, the king was in charge. Each day, the king assembled his court and allowed people to publicly voice their complaints. Beating drums that resounded throughout the area signaled the courts assemblage and people gathered to speak their minds. Whether they were unneighborly conflicts, or cases of violated rights, the king listened to the complaints and gave his judgment.

Such hearings were reportedly peaceful, unless they involved issues of criminal nature. Two of the most serious criminal offenses were the denial of debt and the shedding of blood. These crimes were tried by ordeal. According to Islamic reports, the criminally accused was given a foul concoction to drink that consisted of sour and bitter-tasting wood and water. If he vomited after tossing back the nasty brew he was declared innocent and was congratulated for passing the test.

If he did not vomit, and the beverage remained within, he was considered guilty as charged and suffered the king’s wrath. Ghanaian citizens were not the only ones put to the king’s test. Inhabitants of its conquered lands were examined for their good behavior and loyalty as well. In territories where order and obedience prevailed, and taxes were properly paid, autonomy was granted. But in areas which struggled for independence or defied the king’s laws, Ghanaian governors were appointed as king. Watchdogs and little thieves went unreported to the when the king was not busy enforcing his power among the people.

At its peak, Ghana was chiefly bartering gold, ivory, and slaves for salt from Arabs and horses, cloth, swords, and books from North Africans and Europeans. As salt was worth its weight in gold, and gold was so abundant in the kingdom, Ghana achieved much of its wealth through trade with the Arabs. Islamic merchants travelled over two months through the desert to reach Ghana and “do business.” They were taxed for both what they brought in and what they took out. With this system, it is no wonder that Ghana got rich quickly. The wealth that the kingdom acquired did not, however, serve in its favor forever.

Competition from other states in the gold trade eventually took its toll. Jealousy, fear, and anger of Ghana’s power prompted its neighbors to stand up against the kingdom. Their efforts were at first weak and insignificant, but eventually, in the mid-11th century, a Muslim group known as the Almoravids launched a devastating invasion on the capital city of Kumbi Saleh. Though territories were seized, and a tribute tax was enforced, Ghana recovered and forced the invaders to withdraw. A little less than 200 years later, however, Ghana was not so lucky. Weakened by subsequent attacks, and cut-off from international trade, the kingdom was vulnerable and unable to prevent defeat. In 1240 C.E., Ghana was absorbed into the growing nation of Mali, which would soon become the next great empire.



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T-bills auction: Government records marginal oversubscription; pays slightly more for 91-day bill

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For the first time in 10 weeks, the government recorded an oversubscription of its treasury bills sale.

However, it paid a higher price for the 91-day bill which it received bids worth GH¢4.689 billion before achieving its target. 

According to auction results from the Bank of Ghana, the government got GH¢5.529 billion from all the bids tendered, about 2.40% more than the target.ed amount

All the bids were accordingly accepted.

The 91-day bill received the bulk of the bids of GH¢4.689 billion, about 84% of the total bids.

About GH¢594 million of the bids came from the 182-day bill, whilst GH¢245.74 million were made up of the 364-day bills.

Meanwhile, interest rates were mixed across the yield curve.

Whilst the yield on the 91-day bill went up marginally that of the 182-day and 364-day bills declined slightly.

The yield on the 91-day bill was 24.91%, higher than the 24.90% recorded a week ago.

The rate on the 182-day bill went down by 2.0 basis points to 26.78%, whereas that of the 364-day bill also declined to 28.07%, from the previous week’s 27.91%.

Inflation eased marginally last week. This could push interest rates down but albeit slowly.

SECURITIESBIDS TENDERED (GH¢)BIDS ACCEPTED (GH¢)
91 Day Bill4.689 billion4.689 billion
182 Day Bill594.37 million594.37 million
364 Day Bill245.74 million245.74 million
   
Total5.529 billion5.529 billion
Target5.400 billion 

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Ablakwa slams govt for failing to aid Akosombo Dam victims

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Samuel Okudzeto Ablakwa, Member of Parliament for North Tongu, has expressed outrage over the government’s prolonged failure to assist individuals affected by the Akosombo Dam spillage.

Despite the disaster occurring almost a year ago, many affected persons remain in camps without receiving compensation or necessary support to resume their lives.

Addressing a stakeholder public hearing, Ablakwa revealed that over 1,300 affected persons still live in camps, criticising the government’s approach as inadequate.

He highlighted the government’s inter-ministerial committee’s failure to engage with MPs from impacted areas, despite being established to address the issue.

“You heard the government set up a 30-member committee. We are the inter-ministerial committee. To be very honest with you, we are very disappointed that that committee has not met us even once. I mean, a lot of the members, we are in parliament with them. I would have thought that even if it’s parliament, we can meet here.”

“We can even meet at the cafeteria, even over coffee that, oh, share data with us or tell us what is happening. You know, not one meeting, not so, we don’t know if it was just maybe an announcement for the public for some cosmetic reason, but we don’t know.

The chiefs time without a number, they will even call us. You are in parliament with them. When is the committee coming? and we can’t provide answers because we are not, we haven’t been engaged.”

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Voting for Mahama will reverse Ghana’s progress

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President Nana Addo Dankwa Akufo-Addo has cautioned that a vote for John Dramani Mahama and the National Democratic Congress (NDC) in the upcoming December 7 elections would lead Ghana back to a period of underdevelopment and hardship.

He argued that Mahama and the NDC have nothing new to offer the country and urged Ghanaians to reject them at the polls.

Speaking during the sod-cutting ceremony for the expansion of the Tema Motorway, President Akufo-Addo emphasized that Dr. Mahamudu Bawumia is the best candidate to lead Ghana’s development and ensure continued progress.

“We are going forward. We are not going back to the era of stagnation and non-performance. We are going forward with [Dr. Mahamudu] Bawumia to a better, more inclusive and more prosperous Ghana.”

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