Tag: Stabilization Fund
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COVID-19: Gov’t receives initial support of GHS5.5bn from BoG
The Finance Minister, Ken Ofori-Atta, on Thursday presented a report to Parliament over government’s plan to trigger section 30 (6) of the Bank of Ghana Act. This is to help government obtain 10 billion Ghana Cedis in domestic financing from the Central Bank to deal with the economic challenges occasioned by the coronavirus pandemic. Addressing…
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Finance C’ttee yet to decide on request for lowering of Stabilization Fund cap
Parliament’s Finance Committee on Wednesday April 1, 2020, concluded a meeting on government’s request for the lowering of the cap on the Stabilization fund from 300 million dollars to 100 million dollars.. According to Citi Business News sources in the meeting, the Committee could not conclusively deal with the matter due to the absence of…
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ACEP urges 40% projected revenue in Stabilization Fund against oil price volatility
In order to avoid the impact of revenue shortfalls from the oil and gas sector often due to price volatility on the international market, the Africa Center for Energy Policy (ACEP), is asking government to secure at least a 40 percent projected revenue in the Stabilization Fund. According to a report on petroleum funds published…