The Public Interest and Accountability Committee (PIAC) has released data showing Ghana’s total petroleum revenue as of the years 2011 and 2022 accumulating to US$8.8 billion.
The year 2022 recorded the highest petroleum revenues with a figure of US$1.43 billion in the Petroleum Holding Fund (PHF).
The Ghana Revenue Authority’s attempt to retrieve arrears is gathering along, the report further notes.
According to PIAC reports, there’s been a rise in Surface Rental Arrears, regardless of this new headway.
It shot up from US$2.58 million in 2021 to US$2.77 million in 2022, with 65 percent (US$1.80 million) owed by four contractors whose Petroleum Agreements were terminated in 2021.
The least revenue for the years under review was recorded in 2016 when some US$247,000 was generated.
Pulse
