Gov’t’s oil projections grossly understated -- ACEP

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• Ahmed 12 years ago

  I wish ti remind the energy think-tank that budgets are estimates and prudentially, projections should state the minimum expectations rather than maximum.

  I wish ti remind the energy think-tank that budgets are estimates and prudentially, projections should state the minimum expectations rather than maximum.

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• Nana Yaw III 12 years ago

  I do not know what this organisation wants. The government is using an agreed moving average for pricing crude oil prices and has decided to be prudent on its expectations of crude oil production and ACEP is unhappy.
  
  If t ...
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  I do not know what this organisation wants. The government is using an agreed moving average for pricing crude oil prices and has decided to be prudent on its expectations of crude oil production and ACEP is unhappy.
  
  If the expected target is exceeded, it is not only "we have done better" that could be read into the budgetary expectations. It will also mean that budget targets in the economy will be met, and projections for the fiscal year will be on course. That will be good for Ghana. I will rather live with an under-estimated revenue target than an over-estimated one which will throw off-course plans for the next fiscal year.

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• concerned 12 years ago

  The oil revenue is an important component of total revenue so the government runs the risk of making the entire budget meaningless if it cannot forecast more accurately. Insert contigency plans just in case we have unexpect ...
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  The oil revenue is an important component of total revenue so the government runs the risk of making the entire budget meaningless if it cannot forecast more accurately. Insert contigency plans just in case we have unexpected extraordinary events so that the people can separately monitor the oil revenue

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• Haridas 12 years ago

  FOUND PUPPIES- 18th and Arizona Avenue. 2 butterscotch coloerd pit bulls, boy and girl- about 5 pounds each. I don't really know how old they are, but they are old enough to eat hard food. I have taken then home to 4th and ...
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  FOUND PUPPIES- 18th and Arizona Avenue. 2 butterscotch coloerd pit bulls, boy and girl- about 5 pounds each. I don't really know how old they are, but they are old enough to eat hard food. I have taken then home to 4th and 20th. Call 975-6849: Carrie, if you are missing them.

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• bflouz 12 years ago

  koGcy4 tzvfniekurlj

  koGcy4 tzvfniekurlj

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• flqcke 12 years ago

  WTpo7H nipqzearyrtn

  WTpo7H nipqzearyrtn

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• JAMES Y 12 years ago

  ACEP should be asked, if the gov't should estimate it will receive $100 per barrel of crude oil for a projected 155,000 barrels per day? If it does that and does not realise the amount at the end of the budgeted year, the gov ...
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  ACEP should be asked, if the gov't should estimate it will receive $100 per barrel of crude oil for a projected 155,000 barrels per day? If it does that and does not realise the amount at the end of the budgeted year, the gov't could be accused of being incompetent by the NPP - the ploy hatched the ACEP.

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• concerned 12 years ago

  The technical people at Kosmos who estimated the annual output of oil would have been prudent whilst making their projections.
  The goverment needs to be able to hold them accountable if they under perform and produce the 83k ...
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  The technical people at Kosmos who estimated the annual output of oil would have been prudent whilst making their projections.
  The goverment needs to be able to hold them accountable if they under perform and produce the 83k barrels that the government is using in the budget.
  
  Good performance management requires realistic figures which can then be challenged based on technical facts not figures which the government can use to cover itself.
  The government has alittle bit of room to play with the price but the output must be supported by facts
  If output targets are not met, it's Kosmos, not the government that needs to explain. We as a country should not be timid

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• JATO 12 years ago

  Concerned. How do you exactly expect the government to hold Cosmos accountable if Jubille failed to meet production target.

  Concerned. How do you exactly expect the government to hold Cosmos accountable if Jubille failed to meet production target.

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• James 12 years ago

  Estimates are projections. I'd rather the Gov't was more cautious than over ambitious in its estimates. The same, applies to cocoa, cassava, gold etc.
  I don't see the point of your argument. You should get a proper job and c ...
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  Estimates are projections. I'd rather the Gov't was more cautious than over ambitious in its estimates. The same, applies to cocoa, cassava, gold etc.
  I don't see the point of your argument. You should get a proper job and contribute more meaningfully to the nation's progress

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• Tanko 12 years ago

  Budgets reflect the government's financial health interms of revenues and expenses.Revenue should reflect a reasonable estimate base on past performance + anticipated growth

  Budgets reflect the government's financial health interms of revenues and expenses.Revenue should reflect a reasonable estimate base on past performance + anticipated growth

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• Ibn Batuta 12 years ago

  There have been instances where Kosmos over promised and under delivered. Seth Terkper is an astute Finance minister.

  There have been instances where Kosmos over promised and under delivered. Seth Terkper is an astute Finance minister.

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• Shakil 12 years ago

  You've mnagaed a first class post

  You've mnagaed a first class post

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