Audio By Carbonatix
Ghana bagged $696.815 million from oil lifting, corporate tax and other income in the second-half of 2022, the Ghana Petroleum Funds report has disclosed.
About $492.186 million was secured from oil lifting between July 2022 and December 2022.
In all, five liftings took place with the Sixty-sixth Jubilee recording the highest amount of $119.83 million.
Also, $202.55 million was received by the State as corporate tax between July 2022 and December 2022.
The corporate tax were paid by Tullow Oil, Kosmos and PetroSA.
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 $363.76 million has so far been withdrawn since Ghana began producing oil in 2011.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.
Latest Stories
-
‘We have met Pontius Pilate’ – Judge declines state’s bid to drop Abu Trica co-accused charges
12 minutes -
Who said Ofori-Atta was picked up from an ICU bed? – Frank Davies questions ‘medically fit’ claim
13 minutes -
We’ll win the Kpandai re-run—Tanko-Computer
17 minutes -
Ghana facing acute teacher shortage as 30,000 classrooms left without teachers – Eduwatch
18 minutes -
7 dead, 18 injured in horrific Cape Coast–Takoradi highway collision
23 minutes -
Northern Region fire service warns against prank calls after 67,200 fake emergencies in 2025
43 minutes -
GACL to engage domestic airlines to reduce flight prices – CEO
45 minutes -
How the Mahama Government vindicated Bawumia on the Ghana Card 6 times in a year
46 minutes -
6 Simple ways to protect your heart better in 2026
49 minutes -
Ken in ICE: Ofori-Atta’s legal team casts doubt on Embassy’s consular intentions
53 minutes -
Political scientist rejects Frimpong-Boateng’s claim that NPP is a ‘fake party’
57 minutes -
An open letter to President John Dramani Mahama on his first anniversary in office
1 hour -
Estel Chemist Limited Honoured for Excellence in Customer Service at CENBA Africa Business Excellence Awards 2025
1 hour -
I want to become a product manager in 2026, where do I start?
1 hour -
NaCCA recalls SHS Physical Education & Health teachers’ manual over gender controversy
1 hour