Business News of Thursday, 6 February 2020Source: www.ghanaweb.comSecure 40% projected revenue in Stabilization Fund against oil price fluctuations - ACEPBenjamin Boakye, Executive Director of ACEPThe Africa Center for Energy Policy (ACEP), says government should secure some 40 percent projected revenue in the Stabilization Fund to shield the country against unstable oil and gas pricing on the international market. Executive Director of ACEP, Benjamin Boakye, believes that oil prices are bound to suffer some fluctuations however, it will be prudent for Ghana to secure a constant 40 percent projected revenue in the Stabilization Fund to lessen the effects. “Our recommendation has been that at least we should have about forty percent of the projected revenue in the stabilization account. The report further showed Tullow Oil filing zero corporate tax for the period under review. The remedy in the petroleum management act was to ensure that we have enough buffer in the stabilization account.

Source: GhanaWeb February 06, 2020 14:48 UTC