Business News of Tuesday, 22 December 2020Source: www.ghanaweb.comUS$5.2 billion generated in crude oil sale between 2011 to 2020 – NRGI reportFile photo [FPSO Nkrumah vessel]A report released by the Natural Resource and Governance Institute (NRGI) has shown that Ghana has so far accrued an amount of US$5.2 billion in the sale of crude oil. The NRGI’s report explained the generation came from the sale of 73 cargos of crude oil by the Ghana National Petroleum Corporation (GNPC). • Oil sales revenues are directly determined by the prevailing oil price. These two deals alone generated 59 percent of the government’s total oil revenue for 2019. • The ability of civil society organizations (CSOs), government officials, journalists and other oversight actors to analyze GNPC’s oil sales activities is more important than ever.

Source: GhanaWeb December 22, 2020 09:11 UTC