(Ecofin Agency) - Ghana is taking different measures in order to avoid missing its fiscal deficit target this year as falling oil prices consumes revenue from its crude sales.

“With the continuous fall in crude oil prices, the petroleum benchmark revenue may not be achieved,” Seth Terkper Ghana’s Minister for Finance and Economic Planning told Bloomberg in an interview.

Meanwhile the government has brought down its growth forecast for this year to the lowest level in two decades and said it would target a wider-than-expected fiscal gap because of falling oil prices and a slump in the currency. Ghana’s cedi has dropped 14 % this year against the dollar, pushing inflation to 17.9 % in July. Brent crude traded in London has fallen 51 % in the past year.

Ghana produces about 100,000 barrels of oil a day from its offshore Jubilee field operated by London-based Tullow Oil Plc.,the leading independent oil exploration and production company, focused on finding and monetizing oil in Africa and the Atlantic Margins. The government is however targeting a deficit of 7.3 % of its gross domestic product, wider than the initial estimate of 6.5 %.