Ghana earned $521.86m from crude oil in second-half of 2023
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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 $1.23 billion during the period.
The Ghana Heritage Fund brought in $1.046 billion, whilst the $190.38 million was gotten from the Ghana Stabilisation Fund
-Joy Business
ABOUT: Nana Kwesi Coomson
[email protected] An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.
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