Ghana recorded a total petroleum revenue of US$1.43 billion in 2022, representing an 82.4 per cent increase of US$783.3 million achieved in 2021.
The DACF has received more than GH¢32,380,403.91 from the ABFA in 2021 following a 2019 decision of the Supreme Court in the case of Kpodo vs The Attorney-General.
Petroleum revenue: 80% of recommendations made need to be worked on – PIAC
PIAC wants a timely assessment of Ghana’s management and use of petroleum revenues to identify areas of strength and weakness to strategise for the future
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.
High global crude oil prices saw the country record an 18 percent rise in petroleum revenues, despite production falling by same 18 percent last year.