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GHANA PETROLEUM FUNDS REPORT

BANK OF GHANA

GHANA PETROLEUM FUNDS

REPORT FOR THE HALF -YEAR ENDED  30TH JUNE 2012 PURSUANT TO SECTION 28 OF THE PETROLEUM REVENUE MANAGEMENT ACT,2011 (ACT 815)

This publication outlines crude oil lifts of Ghana and the allocation to the Ghana Petroleum Funds

Schedule1:Oil Lifted 2012

a. Lifting Lifting Date Cargo Value Date Proceeds Received
b. Fifth 4-Jan-12 3-Feb-12 111,157,790.20
c. Sixth 3-Apr-12 3-May-12 125,598,381.86
d. Seventh 27-Jun-12 27-Jul-12 89,863,837.37
e. Total 326,620,009.43

 

Schdule 2:Allocation to the Ghana Petroleum Funds

a. Lifting Allocation Date Ghana Heritage Fund Ghana Stabilisation      Fund Total
US$ US$ US$
b. Fifth* 24-Feb-12
c. Sixth* 18-May-12
d. Seventh
e Total

 

*No allocation was made to the Ghana Petroleum Funds

The proceeds of the seventh lifting is pending allocation

 

Schedule 3:Ghana  Petroleum Funds Investments

a. Account Opening Book  Value 

(1-Jan-12)

Net Income for the  period Closing Book Value(30-              Jun-12)
US$ US$ US$
b. Ghana Stabilisation Fund 54,805,352.73 98,835.50 54,904,188.23
c. Ghana Heritage Fund 14,400,001.62 42,174.31 14,442,175.93
d. Total 69,205,354.35 141,009.81 69,346,364.16

 

SGD

ANDREW BOYE-DOE

THE SECRETARY

14TH AUGUST ,2012

 

http://www.bog.gov.gh/privatecontent/Public_Notices/semi%20annual%20report%20june%202012%20final%20of%20finals%20report.pdf

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