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Updated: May 14, 2025
The key item in this financial structure was the regulation of the vast gold resources of West Africa, and it was by controlling its availability that the king was also able to manipulate its value. However, after the eleventh century, the Ghanaian empire was continually exposed to harassment from a long series of Arabic holy wars.
From this time on, a thriving trade developed between Ghana and the world of Islam, including the beginnings of a slave trade. However, this early slave trade was a two-way affair. Al-Bakri, a contemporary Arab writer, was impressed with the display of power and affluence of the Ghanaian king.
The magnitude of the change is perhaps best symbolized by the fact that the Secretary-General of the United Nations is today a Ghanaian, his two immediate predecessors having been, respectively, from Egypt and Peru. Nor was this change merely one of formal and administrative character.
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