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(Petroleum Revenue Management Act, 2011 (Act 815) – Section 8, Transparency and Accountability of Petroleum Receipts)
Pursuant to Section 8 of the Petroleum Revenue Management Act, Act 815, 2011 (PRMA), which requires the Minister to publish petroleum receipts (defined in Section 6 of the Act); total output lifted; and the reference price on a quarterly basis.
This first publication under the authority of the Hon. Minister of Finance and Economic Planning, Dr. Kwabena Duffuor, encompasses the first three quarters of petroleum production and lifting, representing a transitional period following passage of the law. Subsequent publications shall be on a quarterly basis as required by the PRMA and will be on the relevant quarter only.
There have been three liftings of oil by GOG/GNPC and its partners in the first three quarters of 2011. Receipts from all three liftings are included in the Table below:
All petroleum receipts have been allocated as required by Act 815 and will be reported and published in accordance with the law.
Under the authority of the Hon. Minister of Finance and Economic Planning
Dr. Kwabena Duffuor
source : http://www.mofep.gov.gh/
