In H1 2024, Ghana's oil revenue reached a record $840m, a 36% increase from $540m in H1 2023.

Ghana's oil revenue reached a record $840m in H1 2024, a 36% increase from $540m in H1 2023. Key contributors include $470m from oil liftings, $350m in corporate tax, $580k in surface rentals, and $7m in interest. Petroleum Fund allocations totaled $130m to Ghana Stabilization and Ghana Heritage Funds. The Bank of Ghana manages the funds in accordance with the Petroleum Revenue Management Act.

July 24, 2024
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