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Ghana to propose oil-fed investment funds - draft

Posted on 24 March 2010

From Reuters: Ghana’s Finance Minister is seeking to create two investment funds fed by future oil revenues that would fill budget gaps and preserve the West African nation’s hoped-for energy wealth, according to a draft of the proposal posted on the ministry’s website.

The proposal would also rule out government borrowing against future crude production in the country, a leading cocoa and gold producer which is on track to be a commercial oil exporter by the end of this year……………………………..Full Article: Source


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