Ghana earns $521m from oil production in H2 2024
For the Ghana Petroleum Funds Investments, the nation earned $1.23 billion during the period.
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Ghana earned over $521 million from crude oil production in the second half of 2023. This is according to the 2023 Second-Half Ghana Petroleum Funds report by the BoG.
Out of that, the country secured some $319 million from crude oil liftings in the last six months of 2023. Per the report, crude oil lifting took place between May 2023 and October 2023.
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The country also got $198 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.
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Ghana again earned $3.3 million as interest from the Petroleum Holding Funds. Other income from surface rental was estimated at $112,082.
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For the Ghana Petroleum Funds Investments, the nation earned $1.23 billion during the period.
Additionally, the Ghana Heritage Fund brought in $1.05 billion, whilst the $190 million was gotten from the Ghana Stabilisation Fund.
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