The total revenue from royalties for the three oil fields in Ghana was US$302,954,860.69 in 2022 compared to US$185,683,636.46 in 2021, representing 63.2 per cent increase, the 2022 annual report of the Public Interest Accountability Committee (PIAC) had noted.
Public Interest and Accountability Committee’s (PIAC) report on the field for the year 2022 has revealed that Ghana’s petroleum industry generated a record revenue of US$1.43 billion in 2022, the highest
since the inception of oil production in the country.
The Vice Chairman of the Public Interest and Accountability Committee (PIAC), Nasir Alfa Mohammed, has said the existence of the committee has impacted positively on petroleum revenue management (PRM) in the country in the past 11 years.