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Tag Archives: Dr Duffour

‘Ghana could have made millions from oil hedging’

'Ghana could have made millions from oil hedging'

Former Finance Minister Dr. Kwabena Duffuor has revealed that ineffective hedging against unstable oil prices resulted in Ghana missing an opportunity to make millions. Hedging enables a buyer to purchase oil at an agreed price in future by paying a premium now to international insurance and oil companies based on a predetermined maximum rate. Speaking at the ongoing 2015 Natural …

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