Q&A: Kwame Okyere-Mensuo, Ministry of Finance and Economic Planning, Ghana
Kwame Okyere-Mensuo, technical adviser at Ghana’s Ministry of Finance and Economic Planning, talks about the country’s pioneering import hedging programme, as well as the hedging of output from the Jubilee field
After the discovery of the offshore Jubilee field in 2007, Ghana was determined not to repeat the economic mistakes of some other oil-boom countries.
A new petroleum revenue management bill, approved by Ghana's parliament in March this year, has been hailed by transparency campaigners as a model for other producers to follow. It commits the country to saving a minimum of 30% of its oil revenues in 'heritage' and 'stabilisation' funds to reinvest the country's oil wealth for future generations
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