Ghana bags $696.8m from oil receipts in second-half of 2022

Wednesday 26th of June 2024

Ghana bags $696.8m from oil receipts in second-half of 2022

According to the Ghana Petroleum Funds report, Ghana earned $696.815 million in the second half of 2022 from oil lifting, corporate tax, and other sources.

Between July 2022 and December 2022, oil lifting generated about $492.186 million in revenue.

There were a total of five liftings, with the Sixty-sixth Jubilee recording the greatest sum at $119.83 million.

Additionally, the State received $202.55 million in business tax between July 2022 and December 2022.

Tullow Oil, Kosmos, and PetroSA each paid their respective corporate taxes.

Interest income accrued from the Petroleum Holding Fund was, however, estimated at $2.07 million.

According to the data, $191.48 million was allocated as investments.

So far, $1.06 billion has been accrued as petroleum investments as of December 31, 2022. They comprise of the Ghana Stabilisation Fund and the Ghana Heritage Fund.

For the GSF, the estimated amount is $143.6 million. $363.76 million has so far been withdrawn since Ghana began producing oil in 2011.

The Ghana Heritage Fund is however made up of $918.2 million as of December 2022.


COMMENTS
  1. author
    Franklinchacky

    Ok

  1. author
    Elsiewovenu44

    All this money hmm

  1. author
    Golden11

    Hm

  1. author
    NanaZoe

    Good news

  1. author
    phillipsj

    Okay

  1. author
    Newtom126

    Hmmmm

  1. author
    Sandraagyekum

    Nice

  1. author
    Ruthmo

    Wow

  1. author
    NanaAkua54

    So where is it

  1. author
    NancyAsare

    Oh really

  1. author
    Obaaceece

    Yh

  1. author
    azaare

    Please they should help the economy na things are hard

  1. author
    Joeemmy

    Hmm

  1. author
    Lawerh12

    Ghana is rich

  1. author
    Eliken

    Nice one

  1. author
    ediemuadonle

    .

  1. author
    Nam

    Woww

  1. author
    pig

    Asem ooo hmmmm

  1. author
    Thatsojennie

    Wow

  1. author
    Evelynappiah45

    Wow

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