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Sovereign Wealth Funds Briefing - Categorized | Financials

Ghanaian oil revenue hits $340 mln

Posted on 11 December 2012

Ghana’s petroleum revenue accruing to the state this year has hit USD340 million following the announcement of a third quarter receipt of USD64.91 million. Of the total receipts, USD146.5 million representing 42.7 per cent was transferred to the Ghana National Petroleum Corporation (GNPC).
The Ministry of Finance is yet to report on third-quarter transfers to the Ghana Petroleum Funds (GPF), which, according to the Petroleum Revenue Management Act, should receive any excess revenues above the quarterly Annual Budget Funding Amount (ABFA) – the share of revenues spent directly on the annual budget………………………………………..Full Article: Source


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