Public Interest Accountability Committee

Returns on GPFs

Returns on the Ghana Petroleum Funds, 2012-2015

Ghana Stabilisation Fund

 

2012

2013

2014

2015

 

US$

US$

US$

US$

Opening Book Value

54,810,032.00

71,898,588.00

319,034,153.00

286,644,044.00

Receipts during the year

16,883,548.00

245,733,702.00

271,762,755.15

15,171,061.96

Income from Investments

214,049.00

1,413,341.00

1,549,380.24

538,214.78

Bank Charges

(9,041.00)

(11,477.00)

(17,555.77)

(6,396.65)

Sub Total

71,898,588.00

319,034,153.00

592,328,732.62

302,346,924.09

Less Transfers to:

 

 

 

 

Contingency Fund

0.00

0.00

(17,433,143.89)

(23,755,072.85)

Debt Service Account for Debt Repayment

0.00

0.00

(288,251,544.51)

0.00

Annual Budget Funding Amount(ABFA)

0.00

0.00

0.00

(53,685,578.98)

Sinking Fund

0.00

0.00

0.00

(47,510,145.69)

Closing Book

71,898,588.00

319,034,153.00

286,644,044.22

177,396,126.57

Investment Income

214,049.00

1,413,341.00

1,549,380.24

538,214.78

less:

 

 

 

 

Bank Charges

-

(11,477.00)

(17,555.77)

(6,396.65)

Net return for the Period

214,049.00

1,401,864.00

1,531,824.47

531,818.13

GHANA HERITAGE FUND

 

2012

2013

2014

2015

 

US$

US$

US$

US$

Opening book Value

14,401,216.00

21,694,221.00

128,125,942.39

248,915,220.00

Receipts during the year

7,235,806.00

105,314,444.00

116,469,752.21

6,501,883.70

Income from Investments

60,209.00

1,126,764.00

4,331,660.17

3,981,866.59

Bank Charges

(3,010.00)

(9,486.00)

(12,135.11)

(15,497.45)

Closing book Value

21,694,221.00

128,125,943.00

248,915,219.66

259,383,472.84

Investment Income

60,209.00

1,126,764.00

4,331,660.17

3,981,866.59

Less:

 

 

 

 

Bank Charges

0.00

(9,486.00)

(12,135.11)

(15,497.45)

Net return for the Period

60,209.00

1,117,278.00

4,319,525.06

3,966,369.14

COMBINED FUNDS

 

2012

2013

2014

2015

Opening book Value

69,211,248.00

93,592,809.00

447,160,095.39

535,559,264.00

Receipts during the year

24,119,354.00

351,048,145.00

388,232,507.36

21,672,945.66

Income from Investments

274,258.00

2,540,105.00

5,881,040.41

4,520,081.37

Bank Charges

(12,051.00)

(20,963.00)

(29,690.88)

(21,894.10)

Sub Total

93,592,809.00

447,160,096.00

841,243,952.28

561,730,396.93

Less Transfer to:

 

 

 

 

Contingency Fund

0.00

0.00             

(17,433,143.89)

(23,755,072.85)

Debt Service Account for Debt Repayment

0.00

0.00

(288,251,544.51)

0.00

Annual Budget Funding Amount(ABFA)

0.00

0.00

0.00

(53,685,578.98

Sinking Fund

0.00

0.00

0.00

(47,510,145.69)

Closing Book Value

93,592,809.00

447,160,096.00

535,559,263.88

436,779,599.41

Investment Income

274,258.00

2,540,105.00

5,881,040.41

4,520,081.37

less

 

 

 

 

Bank Charges

(12,051.00)

(20,963.00)

(29,690.88)

(21,894.10)

Net return for the Period

262,207.00

2,519,142.00

5,851,349.53

4,498,187.27

Source: Bank of Ghana