Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Gov’t projects US$1.1 billion petroleum revenue for 2019

  • SOURCE: thebftonline.com | BusinessAndFinancialTimes
  • The government has programmed to earn US$1.1 billion as petroleum revenues for next year, Finance Minister, Ken Ofori Atta  told parliament on Thursday during the presentation of the 2019 budget statement and financial policy.

    This is made up of US$227.10 million from Royalties, US$602.80 million from the Carried and Participating Interest, US$249.60 million in Corporate Income Tax and US$1.10 million from Surface Rentals.

    Of this amount, he said US$404.90 million will be ceded to the NOC for its Equity Financing Cost, US$320.10 million, and share of the Net Carried and Participating Interest, US$84.80 million) while US$473.0 million will be allocated to the Annual Budget Funding Amount (ABFA).

    The Ghana Petroleum Funds (GPFs) is also expected to receive US$202.70 million. The GPFs’ receipts will be distributed between the Ghana Stabilisation Fund (US$141.90 million) and the Ghana Heritage Fund (US$60.80 million)

    Profile photo of BusinessAndFinancialTimes

    BusinessAndFinancialTimes

    Business & Financial Times (B&FT) ,established in 1989 as a weekly publication, the newspaper is a now a daily paper delivering business and financial news and information to the business community in the country and internationally.
    Profile photo of BusinessAndFinancialTimes

    Latest posts by BusinessAndFinancialTimes (see all)

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do You Think ExxonMobil's Arrival Is Going To Make Significant Contribution Towards Our Oil Sector?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Dec 2018 >>
    MTWTFSS
    26 27 28 29 30 1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31 1 2 3 4 5 6
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar