Tag: Ghana Stabilisation Fund
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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…
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Corporate taxes from oil producers slump in 2nd half of 2019
Corporate taxes due to the government from oil producing companies, dropped by 42 percent for the second half of 2019, compared to the first half of the same year. According to the Petroleum Funds report released by the Bank of Ghana, the state recorded 51 million dollars less in corporate taxes between July and December,…