24
Apr
Ghana recorded a total petroleum revenue of US$1.43 billion in 2022, representing an 82.4 per cent increase of US$783.3 million achieved in 2021. The 2022 revenue figure, the highest for a single year since the inception of petroleum production, was realised from Carried Participating Interest (CAPI), which amounted to $733.8 million, Corporate Income Tax (CIT) of US$388.9 million, Income on Petroleum Holding Fund that generated US$2.4 million and Surface Rental earnings of US$687,759. The country has so far cumulatively earned US$ 8.79 billion between 2011 and 2022 from 560,194,571(barrels) bbls oil produced between 2010 to 2022. These findings were highlighted…