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