Public Interest Accountability Committee

Analysis of Receipts

Analysis of Petroleum Receipts from 2011 to 2017

Item

Unit

2011

2012

2013

2014

2015

2016 2017

Total

Variance: 2015 & 2014

Royalties

US$

122,171,971

150,978,879

175,177,253

192,812,797

104,208,697

57,851,211 135,859,566

939,908,278

(88,452,114)

Carried &Participating Interest

US$

321,952,753

390,428,872

453,573,866

499,330,323

270,083,791

149,936,376 365,440,868

2,449,903,218.41

(229,246,532)

Surface Rentals

US$

-

570,138

798,332

1,775,768

465,920

465,030 1,569,827.91

5,645,015.65

(1,309,848)

Corporate Income Tax

US$

-

-

216,985,498

284,546,191

20,410,832

29,546,823 36,957,622 588,446,966.00

(264,135,359)

PHF income

US$

-

-

-

124,083

30,468

73,149 579,278.46

806,978

(93,615)

Price Differentials

US$

-

-

-

297,249

419,387

- -

716,636

122,138

Gas

US$ 

-

-

-

-

553,815

9,302,807 -

100,925,272.63

553,815

Total Petroleum

US$

444,124,724

541,623,741

846,767,184

978,886,410

396,172,909

247,175,394 540,411,435.90

3,995,161,798

(582,713,501)

Receipts

GHÈ»

690,264,761

979,315,482

1,645,585,763

2,774,917,536

1,449,922,860

972,547,412.39 2,334,116,929

7,540,006,402

(1,324,994,676)

 

Source: Ministry of Finance/Bank of Ghana