Ghana earned $521.86m from crude oil in second-half of 2023

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 $18.12 million during the period. The Ghana Heritage Fund brought in $2.78 million, whilst the $15.33 million was gotten from the Ghana Stabilisation Fund.