Tag: Ghana Heritage Fund
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PIAC kicks against plans by gov’t to use Heritage Fund for COVID-19 fight
The Public Interest and Accountability Committee (PIAC), has kicked against government’s decision to use the Ghana Heritage Fund to finance the fight against the novel coronavirus pandemic in the country. The Finance Minister, Ken Ofori-Atta, while addressing Parliament on the economic impact of COVID-19 on the country called for the amendment of the Petroleum Revenue…
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Ghana’s petroleum revenues dip amidst production challenges
Ghana’s petroleum revenues for 2019 fell by more than four percent according to provisional data released by the Bank of Ghana. The central bank’s data released earlier this week shows that the country recorded US$503.1 million from crude oil liftings, surface rentals and corporate taxes in the second half of 2019. The first half of…