RE: Government’s Response to IFS/IMANI Press Statement

On Tuesday, 7 April, 2015, the Institute for Fiscal Studies (IFS) and IMANI jointly issued a Press Statement in which the two think-tanks advanced a position that the loss of GH₵2.7 billion worth of revenue to the 2015 Budget from the decline in crude oil prices could have been avoided or mitigated, if the Minister of Finance had taken steps to resume the hedging program that was implemented in the 2010-2012 period.

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