Ghana earned $731.9 million from crude oil receipts in the first half of this year, the Ghana Petroleum Funds Report has revealed.
Out of it, $544.61 million was realised from crude oil liftings in the first five months of 2022.
$186.3 million was however secured from corporate tax paid by the oil producing companies including Tullow, Kosmos and Petro Sa.
$992.3 million was obtained from surface rental and interest from the Petroleum Holding Fund.
For the crude oil liftings, $108.8 million and $104.1 million which were the biggest earnings were secured from liftings on March 6th, 2022 (Ninth SGN) and March 26th, 2022 (sixty fith Jubilee) respectively.
With regard to surface rental, AGM Petroleum Gh paid the highest tax of $174,100, followed by Aker with $150,750.
Meanwhile, the country earned $1.2 billion at the end of June 2022 as investments from oil revenue, since the beginning of commercial oil production in 2011.
The Heritage Fund invested with the New York Reserve Bank accrued $377 million, while the Stabilisation Fund recorded $846 million.
Latest Stories
-
Suspend implementation of Planting for Food and Jobs 2.0 for 2024 – Stakeholders
6 mins -
Parkinson’s disease no longer confined to the elderly – Public Health Physician, Dr Momodou Cham warns
10 mins -
Persons living with Parkinson’s disease appeal for support as they face stigmatization
24 mins -
36-year-old-trader sentenced for stealing employer’s money
27 mins -
9 signs you’re falling in love with someone who thoroughly enjoys emotional manipulation
34 mins -
Catholic Diocese of Keta Akatsi hosts Parkinson’s support group meeting
36 mins -
Wa Naa appeals to Akufo-Addo to audit state lands in Wa
59 mins -
5 secret ways people use ‘I love you’ as a form of manipulation
1 hour -
The most important question to ask yourself
1 hour -
Department of social welfare sensitises residents of Nabdam on child protection
1 hour -
Ghanaians must assess the quality of political leaders presented – Asah-Asante
2 hours -
Ashanti Regional Minister demands withdrawal of ‘fraudulent ECG bills’ sent to his residence
2 hours -
Delta Air Lines deploys new Airbus on Accra-New York route
2 hours -
PPDC spearheads Africa’s AI development at DRIF24 forum
2 hours -
Ripoti App launched to empower journalists, others to tackle digital rights violations in Africa
2 hours