The government of Ghana may kill Exxon Mobile Corp.'s plans to buy a $4 billion stake in a giant offshore oil discovery from Kosmos Energy LLC.

The Government has signalled to cut the high domestic borrowing of GH¢5.4 billion or US$3.7 billion (25.1 per cent of GDP) to levels that will free up more money for lending to the private sector.

The Ministry of Finance and Economic Planning in collaboration with COCOBOD, farmer groups and other stakeholders in the cocoa industry will continue to review the producer price of the crop quarterly to ensure that developments on the international market reflect on the local industry.

The Ghana Statistical Service has confirmed the economy may be much bigger than it is presently estimated.Gross Domestic Product (GDP), which measures the total value of goods and services produced, is presently estimated at about $22 billion.Head of Research at Standard Bank of Africa Stephen Bailey-Smith is quoted by Bloomberg as saying the bank’s research indicates the GDP figure may have to be revised upwards by about 15 percent.