Audio By Carbonatix
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
-
GPL 2025/26: Asante Kotoko draw with GoldStars to extend winless run
2 hours -
Fire guts temporary wooden structures at Afful Nkwanta in the Ashanti Region
3 hours -
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
3 hours -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
3 hours -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
3 hours -
From camouflage to tracksuits – Guinea’s junta leader becomes civilian president
4 hours -
Iran supreme leader admits thousands killed during recent protests
4 hours -
Judiciary to roll out court decongestion measures, galamsey courts – Chief Justice
5 hours -
Ugandan leader to extend 40-year rule after being declared winner of contested poll
6 hours -
Residents demand action on abandoned Salaga–Kumdi–Kpandai road
6 hours -
Ghana, Japan explore ways to deepen long-standing bilateral ties
6 hours -
Ghana Navy foils illegal fuel bunkering operation along Volta coastline
6 hours -
Gov’t assures minimal power disruption during WAPCo gas pipeline maintenance
6 hours -
Burna Boy and Sporty Group unveil new single “For Everybody” celebrating Africa’s sports heritage and cultural excellence
7 hours -
Achieve By Petra partners Richie Mensah to drive financial independence
7 hours