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Oil receipts for H2-15 is US$157.4m

8885814-Oil-barrels--Stock-Vector-oil-gas-barrelTotal receipts for the Petroleum Holding Fund (PHF) was US$157,441,765.56, the Bank of Ghana has announced in its reports on the performance and activities of the PHF, and Ghana Petroleum Funds (GPFs) for the second half of 2015 (H2) which ended December 31, 2015.


It comprised US$135,936,855.87 proceeds from the 28th, 29th and 30th liftings, and US$21,504,909.69 from Other Receipts Distributed with liftings (including taxes, royalties, surface rentals).

The PHF and the GPFs were established by the Petroleum Revenue Management Act (2011) (Act 815) (PRMA). The Central Bank’s reports is in accordance with the PRMA Section 28(a), (b).

The full report is attached for downloading above.

Source: http://classfmonline.com/1.8698837

 

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