Investment Times

The Institute for Fiscal Studies (IFS) has called for a change in the ownership structure of the country’s major merchandise exports. In resetting Ghana’s external sector, it wants the ownership structure of the country’s two major merchandise exports, gold and oil to be changed. Therefore, it wants the government to actively participate in the gold and oil sectors by acquiring commanding interests through joint venture arrangements. According to the economic think-tank, this is the surest way for the government to rope in more revenue from the extractive sectors and help stabilise the cedi. “An alternative to the above is the...