RPT-Global commodity price slump sends ripples around the world

Sat Oct 3, 2015 4:00am EDT
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(Repeats story first issued on Oct 2)

* Commodity prices fall after long period of increases

* Rises began after surge in China's economy

* Declines follow economic slowdown in China

* Countries, companies pay price for not diversifying.

By Matthew Mpoke Bigg

TARKWA, Ghana, Oct 2 (Reuters) - In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana.

When the price fell, he lost his job as human resources chief at a mining company that closed its local operations and could only find work in a construction firm in another city, far from the house he built in Tarkwa for his wife and six children.

"I hardly see my kids now," said Sam-Onuawonto, his life changed as a result of a slump in global commodity prices whose impact is being felt around the world on currencies, companies, consumers, national economies and - potentially - governments.   Continued...