oil prices last year

Businesses Advised To Hedge Against Cedi Volatility

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An Economist for Global Markets at Stanbic Bank, Mr. Ayomide Mejab, has advised local businesses on the need to hedge against the volatility of the cedi. Speaking in Accra, he said, the cedi, one of the most volatile currencies in Africa has made it difficult for importers and local businesses to predict the standing of … Read more

‘Don’t Base Budget Allocations On Revenue From Oil and Gas’

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The head of Energy, Oil & Gas Unit of the Real Sector of the Ministry of Finance, Dr Joseph Asenso, has cautioned against basing budget allocations on projections for revenue inflows, from the oil and gas industry. Experience from other oil-rich countries over the years, he said, had shown that countries that conditioned their budgets … Read more