"These [African] countries are doing so in order to reduce the overreliance on the United States dollar. The United States dollar is creating a lot of economic instability in the African continent. It appears that for any African country to transact business in Europe or anywhere, they would need the dollar. And most of the time, their currencies are not also strong. They are always depreciated in value and all that, creating a lot of economic instability," says Anarfo.
"If we define money as representative of assets such as gold, we'll actually give African countries a better financial muscle than they have now. You know, its reliance is heavily placed on the American dollar, which tends to subordinate the African economies to the Americans, and I think this is where we need to be moving away from [...]. But I think that the more the gold reserves we accumulate, the more independence we have from American imperialism," remarks Chisasa.