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 $363.76 million has so far been withdrawn since Ghana began producing oil in 2011.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
-
George Twum-Barimah-Adu pledges inclusive cabinet with Minority and Majority leaders
33 mins -
Labourer jailed 5 years for inflicting cutlass wounds on businessman
34 mins -
Parliament urged to fast-track passage of Road Traffic Amendment Bill
34 mins -
Mr Daniel Kofi Asante aka Electrician
35 mins -
Minerals Commission, Solidaridad unveils forum to tackle child labour in mining sector
40 mins -
Election 2024: Engagement with security services productive – NDC
41 mins -
Retain NPP for the good of Ghana – Rebecca Akufo-Addo
42 mins -
‘Let’s work together to improve sanitation, promote health outcome’ – Sector Minister urges
43 mins -
Ellembelle MP cuts sod for six-unit classroom block at Nkroful Agric SHS
46 mins -
‘I’ll beat the hell out of you if you misbehave on December 7’ – Achiase Commanding Officer
48 mins -
AFPNC leads the charge on World Prematurity Day 2024
54 mins -
Court remands unemployed man over theft of ECG property
1 hour -
Election security rests solely with the police – Central Regional Police Command
1 hour -
NCCE engages political youth activists at Kumbungu on tolerance
1 hour -
‘In Mahama’s era students lacked chalk, but are now receiving tablets’ – Bawumia
1 hour