Government has hedged the price of its share of crude oil from the Jubilee Field.<\/p>\n
It is pegged at 107 dollars a barrel. Finance Minister Dr. Kwabena Duffour disclosed this to newsmen after the inauguration of the National Risk Management Committee.<\/p>\n
Ghana has so far earned about 227 million dollars from the sale of almost 2 million barrels of crude at around 110 dollars a barrel.<\/p>\n
\u201cWe want to make sure that the price we have put in the budget\u2026does not suffer,\u201d Dr Duffour said.<\/p>\n
The team charged with managing the hedging of the country\u2019s crude oil purchases has meanwhile began work.<\/p>\n
Its nine members are expected to make recommendations to government on how the program should be implemented.<\/p>\n
The team will also monitor the performance and put in place adequate controls. Inaugurating the committee, the Finance Minister noted the broad aim of the policy is to ensure some stability in the economy.<\/p>\n
\u201cLet me emphasise that our risk management programme is primarily an insurance programme; it\u2019s not going to be a sophisticated hedging,\u201d he indicated.<\/p>\n
Members are drawn from the Bank of Ghana, Finance and Energy Ministries and the Attorney General\u2019s Department, the National Petroleum Authority and private energy experts.<\/p>\n
The institutions expected to partner government in the arrangement include Standard Chartered Bank, BP International and BNP Paribas and Citigroup.<\/p>\n
The hedge price would be reviewed every month.<\/p>\n
Source: Joy Business\/Myjoyonline.com\/Ghana<\/p>\n<\/div>\n
Here is the original post:
\nGovernment hedges its share of Jubilee crude<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Government has hedged the price of its share of crude oil from the Jubilee Field. It is pegged at 107 dollars a barrel<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-439257","post","type-post","status-publish","format-standard"],"yoast_head":"\n
Government hedges its share of Jubilee crude - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Government hedges its share of Jubilee crude - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Government has hedged the price of its share of crude oil from the Jubilee Field. It is pegged at 107 dollars a barrel\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Government hedges its share of Jubilee crude\",\"datePublished\":\"2011-06-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\"},\"wordCount\":254,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\",\"name\":\"Government hedges its share of Jubilee crude - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-06-09T00:00:00+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government hedges its share of Jubilee crude - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/","twitter_card":"summary_large_image","twitter_title":"Government hedges its share of Jubilee crude - Ghanamma.com","twitter_description":"Government has hedged the price of its share of crude oil from the Jubilee Field. It is pegged at 107 dollars a barrel","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/"},"author":{"name":"","@id":""},"headline":"Government hedges its share of Jubilee crude","datePublished":"2011-06-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/"},"wordCount":254,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/","url":"https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/","name":"Government hedges its share of Jubilee crude - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-06-09T00:00:00+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/06\/09\/government-hedges-its-share-of-jubilee-crude\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/439257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=439257"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/439257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=439257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=439257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=439257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}