Ghana earned $521.86 million from crude oil in the second half of 2023, the Second-Half Ghana Petroleum Funds 2023 has revealed.
Out of that, the country secured $319.73 million from crude oil liftings in the last six months of 2023.
The crude oil lifting took place between May 2023 and October 2023.
The country also got $198.6 million from corporate tax during the second-half of 2023.
The taxes were from crude oil liftings by Kosmos Energy, Tullow Oil and Petro SA.
Ghana again earned $3.32 million as interest from the Petroleum Holding Funds.
Other income from surface rental was estimated at $112,082.
Investments from Ghana Petroleum Funds estimated at $1.23bn
For the Ghana Petroleum Funds Investments, the nation earned $18.12 million during the period.
The Ghana Heritage Fund brought in $2.78 million, whilst the $15.33 million was gotten from the Ghana Stabilisation Fund
Latest Stories
-
Inflation to decline much faster in May 2024 – Report
3 mins -
Slovak PM Robert Fico carried to car after being shot
23 mins -
We need stakeholder engagement, not firefighting approach – CDD-Ghana fellow tells government
31 mins -
Fitch revises outlook on Zenith, Access, 3 others to positive
33 mins -
WAFU B U-17 Cup of Nations: Black Starlets thump Côte d’Ivoire in Group A opener
42 mins -
AngloGold Ashanti delivers steady start to 2024; Gold production up +2% year-on-year
43 mins -
Fidelity Bank joins forces with Proxtera to empower Ghana’s SMEs on GIFE Platform
52 mins -
Five men accused of murdering South African rapper AKA denied bail
57 mins -
GH Queens reality show secures win for Ghana at AMVCA 2024
57 mins -
Over 400 Deloitte Ghana staff mark ‘Volunteer Day’ to impact about 12,000 school children
58 mins -
ECG commences skills development programme to address unemployment
1 hour -
Assessing economic effect of perennial flooding in Ghana
1 hour -
GPHA condemns clash between its security personnel and Immigration officers at Tema port
1 hour -
Ato Forson accuses Akufo-Addo of turning NIB into NPP foot soldiers hub
1 hour -
Barima Sidney apologises to Mahama for releasing ‘Papa No’ song
1 hour