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
-
Rethinking intelligence in the age of Artificial Intelligence
7 minutes -
‘Every day is about survival’ – Workers demand action beyond May Day celebrations
8 minutes -
Clear leadership demonstrated in managing recent power crisis – Dr Theo Acheampong
11 minutes -
Accountability is defective in the energy sector – Ben Boakye
13 minutes -
From detection to creation: Why education must move beyond AI plagiarism
14 minutes -
Ghanaians keep paying for inefficiencies in the power sector – Prof Bokpin
14 minutes -
Ghana’s power system not robust, outages inevitable – Ben Boakye
15 minutes -
Beyond insults: The I.D.E.M playbook for political parties in the age of the ‘social media minister’
18 minutes -
Germany backs Moroccan sovereignty in Sahara dispute
38 minutes -
Beyond Competence: How capacity shapes professional access and influence
38 minutes -
Chamber of Mines calls on BoG to release full breakdown of mining export proceeds
47 minutes -
We appeal to Ghanaians for patience as we replace more transformers – Energy Minister
1 hour -
Power stability has improved since 2025 compared to 2024 – Jinapor
1 hour -
Akosombo substation fire should never have happened – Ben Boakye
1 hour -
Savannah region: Yazori Chief issues election boycott threat over underdevelopment concerns
1 hour