Oil production falls by 17 %

May 10, 2022 Crude oil production in the country declined by 17.7 per cent from 66.93 million barrels (bbls) in 2020 to 55.06 million bbls in 2021. A report released by the Public Interest and...

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May 10, 2022 / Comments (0)

Businesses urged to comply with beneficial ownership initiative

April 21, 2022 The Director-General of the Internal Audit Agency at the Presidency, Dr Eric Oduro Osae, has urged businesses, especially those in the extractive sector, to fully comply with the Beneficial...

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April 21, 2022 / Comments (0)

Gov’t to receive over GH¢2.5bn of ABFA for 2022

January 20, 2022 A projected amount of over GH¢2.5billion of oil revenue will be allocated to government through the Annual Budget Funding Amount (ABFA), following approval of the 2022 Budget by...

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January 20, 2022 / Comments (0)

Oil production increased by 15 percent in 2019

June 24, 2020 A total of 71.4 million (71,439,585) barrels of oil were obtained from the three producing fields – Jubilee, Sankofa Gye Nyame (SGN) and Tweneboa Enyera Ntomme (TEN) in 2019. The total...

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June 24, 2020 / Comments (0)

Crude oil prices hit 4-year high. Government asked to slash taxes on fuel

October 9, 2018 CRUDE oil prices reached a four-year high in the week ending October 5, prompting calls for the government to remove some taxes on finished petroleum products in order to mitigate the...

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October 9, 2018 / Comments (0)