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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