Public Interest & Accountability
Committee

Distributions of Receipts

Distribution of Petroleum Receipts, 2011-2015 (Million US$)

                               

GNPC

ABFA

GSF

GHF

2011

207.96

166.96

54.81

14.40

2012

230.95

286.55

16.88

7.24

2013

222.32

273.20

245.73

105.31

2014                      

180.71  

409.07

271.76

116.47

2015

126.86

292.98  

15.17

6.50

 

Source: Ministry of Finance, 2016

 Total revenue since 2011 reached US$3.21 billion by the end of 2015. Of this amount, GNPC received 30% whilst the ABFA benefited from 44% of the total. The Ghana Stabilisation Fund has received 18% of total revenues over the period even though a portion of this has been transferred into the Sinking Fund for debt repayment in accordance with the amended PRMA (Act 893), 2015. The Ghana Heritage Fund has received 8% of total allocation which has been invested outside the country in accordance with investment provisions of the PRMA. Allocations to the various accounts have largely been influenced by the amount of revenue for each year.