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Ghana announce Deficit in Oil Earnings, The Saturated Market is Hurting the Once Hopeful Producer

  • 27 Jul 2016
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Ghana’s crude oil revenues will be 1.4 billion cedis this year, lower than a previous estimate of 2 billion cedis, the finance minister said in a budget review. Despite that, the deficit would remain unchanged from a previous estimate of 5.3 percent, Finance Minister Seth Terkper said. Revenues for 2015 are estimated at 1.5 bln

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