This is made up of US$227.10 million from Royalties, US$602.80 million from the Carried and Participating Interest, US$249.60 million in Corporate Income Tax and US$1.10 million from Surface Rentals.
Of this amount, he said US$404.90 million will be ceded to the NOC for its Equity Financing Cost, US$320.10 million, and share of the Net Carried and Participating Interest, US$84.80 million) while US$473.0 million will be allocated to the Annual Budget Funding Amount (ABFA).
The Ghana Petroleum Funds (GPFs) is also expected to receive US$202.70 million. The GPFs’ receipts will be distributed between the Ghana Stabilisation Fund (US$141.90 million) and the Ghana Heritage Fund (US$60.80 million) Read Full Story
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