Russia’s budget was $24.7 billion (1.76 trillion rubles) into deficit in January
Four companies are due to drill exploration wells in Ghana during the last quarter of this year, according to a government report. The Public Interest Accountability Committee (PIAC) also raised some concerns over tax payments by state-owned Ghana National Petroleum Corp. (GNPC)
The United States Department of Energy has put up 45 million barrels of oil for sale from the country’s strategic reserves as part of President Biden’s largest-ever plan
The Public Interest and Accountability Committee (PIAC) has cautioned the Ghana National Petroleum Corporation (GNPC) against continuously lending to the government.
PIAC has expressed worry over the manner in which oil revenue is used to pay judgement debt awarded against the state.
Petroleum revenue contribution to the national budget over the last 10 years has been estimated at US$2.6billion,
Executive Director for the Center for Natural Resources andEnvironmental Management (CNREM), Solomon Kwawukume, has stated that after ten years of oil production in the country, Ghana ha sbeen shortchanged over $5 billion in revenue, an amount that hesays is more than five years of E-Levy revenue expected to begenerated for the development of the country.
The Public Interest and Accountability Committee (PIAC) has held a public forum on the management and use of oil revenue at Sefwi-Wiawso in the Western North Region.
An amount of GH¢9,352,861 million of the ABFA was disbursed to the agriculture sector as a selected priority area for spending of oil revenues in 2021
Crude oil prices have been soaring on the international market following the Russian invasion of Ukraine.