Oil Revenue Ghana made US$114.4m from oil by June 2016

Ghana Gas received US$9,302,806.35 million as payment for gas to the company On March 4.

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The Bank of Ghana has indicated that Ghana made a total of US114,400,610.40 in the first half of 2016 from the thirtieth, thirty-first and thirty-second crude oil liftings.

On March 24, 2016, US$2,772,660.23 million and US$ 6,469,540.76 million were allocated to the Ghana Heritage Fund and the Ghana Stabilization Fund respectively on the thirtieth lifting.

On March 31, 2016, another allocation of US$3,021,490.64 million and US$7,050,144.84 million were made to the Heritage Fund and the Stabilization Fund respectively on the thirty-first lifting.

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Kosmos paid corporate tax of 2,027,780 and 204,770 on 27 January 2016 and 29 April 2016 respectively while Tullow made a corporate tax payment of 53,093.43 February 24, 2016.

Hess Ghana, Kosmos, Tullow and Midea Development made a subtotal surface rental payment of US$382,000.82 million.

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Meanwhile Ghana Gas received US$9,302,806.35 million as payment for gas to the company On March 4.

On investment proceeds from the Ghana Petroleum Fund, Ghana made a net income of US$3,069,904.37 million.

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