Ghana’s Petroleum Fund Investment

The Bank of Ghana has released its report on the performance of Ghana’s Petroleum Funds for the second half of 2024. The report revealed a significant increase in oil revenue and a substantial boost to fund allocations as growth in investments in Ghana’s petroleum funds reached $1.4 billion. According to the report, issued under the provisions of the Petroleum Revenue Management Act (PRMA), a total of $543 million was received from crude oil lifting during the period. This, combined with other income sources such as corporate taxes paid by oil and gas companies, surface rentals, and income from the Petroleum Holding Fund…