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The Bulk Oil Storage and Trans...

Since the discovery of oil and gas in commercial quantities in Ghana, the government has, over time, been working feverishly to ensure that the country fully benefits from the blessings of what has been described as ‘black gold’.

Cabinet has approved a policy on Ghanaian content and participation in the country’s downstream petroleum industry.

The Minister of Information, Kojo Oppong Nkrumah at a press briefing today said the policy approved on March 14 is intended to ensure the creation of a Ghanaian owned petroleum downstream industry capable of attracting increased local value-added investments and

In 2018, Ghana earned a total of US$ 813.95 million from crude oil exports representing lifting proceeds received into the Petroleum Holding Fund (PHF). This is according to Bank of Ghana’s (BoG’s) Petroleum Holding Fund and Ghana Petroleum Funds Semi-Annual Report from July 2 to December 31, 2018. The PHF received a total amount of US$423.93 million from lifting proceeds in the second half compared to receipts of US$390.02 million in the first half, 2018.

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