In the second half of 2023, Ghana’s crude oil revenue amounted to $521.86 million, as per the Second-Half of Ghana Petroleum Funds 2023 report.
Crude Oil Revenue: Out of the total, $319.73 million was secured from crude oil liftings between May and October 2023.
Corporate Tax: Ghana received $198.6 million from corporate taxes on crude oil liftings by Kosmos Energy, Tullow Oil, and Petro SA.
Interest and Other Income: Additionally, $3.32 million was earned as interest from the Petroleum Holding Funds, with an estimated $112,082 from surface rental.
Investments: Investments from the Ghana Petroleum Funds stood at $1.23 billion, yielding $18.12 million during the period.
Heritage and Stabilisation Funds: The Ghana Heritage Fund contributed $2.78 million, while $15.33 million was gained from the Ghana Stabilisation Fund.
These figures showcase Ghana’s significant revenue streams and financial activities within the petroleum sector during the latter half of 2023.
