Ghana accrues $281 million in first half of 2014 from oil

Business News of Wednesday, 18 February 2015

Source: Citifmonline.com

Petrodollar

Ghana received in excess of 281 million dollars as total proceeds from liftings from crude oil for the second half of 2014.

According to figures from the bank of Ghana in the first schedule of oil lifted in the second half of 2014, Ghana received in excess of 104 million dollars on August 15, 2014, representing the 20th lifting.

Ghana again received more than 97 million dollars and 79 million dollars as proceeds for the 21st and 22nd liftings on October 14 and November 10, 2014 respectively.

Proceeds for the 23rd lifting which was above 56million dollars is expected to hit Ghana’s accounts in the course of the year 2015.

Three partners at the Jubilee fields paid more than 122 million dollars as corporate taxes between July and October 2014.They are Tullow Ghana, Kosmos and Anadarko.

Meanwhile Ghana received more than 1million dollars as Surface rental from 11 companies including Azonto Petroleum, Hess Ghana Exploration Ltd, AGM Petroleum, Amni International among others.

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