- Petroleum receipts for the first half of 2024 hit $840.77 million, a 55.6% increase year-over-year
- PIAC calls for improved adherence to regulations to maximize benefits of rising oil revenues
Accra, Ghana – Ghana’s oil sector has reached a new milestone, recording its highest-ever half-year petroleum revenue since production kicked off in 2010. According to the Public Interest and Accountability Committee (PIAC), petroleum receipts soared to $840.77 million in the first half of 2024—a substantial 55.6% jump from $540.46 million in the same period last year. This record-breaking revenue is largely attributed to a 10.7% surge in crude oil output, which climbed from 22.45 million barrels in early 2023 to 25.86 million barrels this year.
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