Ghana’s Oil Revenue Rises Despite Continuous Production Decline
Koforidua: Ghana’s petroleum revenue rose significantly in 2024, reaching its second-highest annual level despite a continued decline in crude oil production, according to the Public Interest and Accountability Committee (PIAC). According to Ghana News Agency, the 2024 Annual Report, presented by Mr. Samuel Bekoe, a PIAC member representing Think Tanks, during the Eastern Zonal Media Engagement in Koforidua, offers a comprehensive analysis of petroleum production, revenue, and utilisation under the Petroleum Revenue Management Act (PRMA). Ghana earned US$1.36 billion from petroleum activities in 2024, a 27.8 percent increase from the US$1.06 billion recorded in 2023. This marks the second-highest annual
