Ghana may revise 2016 budget

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Seth-TekperThere is a “real possibility” that Ghana may have to revise its 2016 budget due to lower-than-expected global oil prices.

Finance Minister Seth Terkper gave the hint at a news conference in Accra yesterday.

Ghana produces about 100,000 barrels of oil per day and based its budget on a projected average figure of $53 per barrel of Brent crude, he said.

That is well above the $33.53 figure traded on Monday.

ABOUT: Nana Kwesi Coomson

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A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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