How much did Ghana make from Crude Oil in 2016?

Ghana's oil and gas is one of the nation's newest and growing industries (at least in comparison to those of its counterparts in the West African sub-region) but it continues to draw much interest from both the Ghanaian and foreign public.

Below is a breakdown of how that critical industry performed last year:-

GHANA'S OIL REVENUE IN 2016

TOTAL REVENUE:        $238  MILLION

 

SHARE OF LIFTINGS:  $207.7 MILLION

 

CORPORATE TAX:       $29.6 MILLION

 

SURFACE RENTALS:   $412 THOUSAND

 

RETURNS FROM PETROLEUM HOLDING FUND: $73 THOUSAND

 

Data Source: Bank of Ghana