{"id":359057,"date":"2017-10-05T15:00:29","date_gmt":"2017-10-05T15:00:29","guid":{"rendered":"http:\/\/citifmonline.com\/?p=359057"},"modified":"2017-10-05T15:00:29","modified_gmt":"2017-10-05T15:00:29","slug":"ghanas-petroleum-revenue-hits-all-time-low-in-2016-infographic","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=359057","title":{"rendered":"Ghana’s petroleum revenue hits all-time-low in 2016 [Infographic]"},"content":{"rendered":"

Ghana received a little over $247.18 million in 2016 from oil revenue \u2013 the lowest amount since Ghana began commercial production of oil in 2011.<\/p>\n

In 2011, when commercial production commenced, the country received $444.12 million in 2012 and $ 541.62 million and $846.77 million in 2013 and 2014 respectively.<\/p>\n

The country recorded the highest oil revenue in 2014, with $978,02 million, but recorded a sharp decline in 2015, in the sum of $ 396.17 million.<\/p>\n

The amount dipped further in 2016 recording $ 247.18 million.<\/p>\n

This was captured in the 2016 Public Interest and Accountability Committee (PIAC) report.<\/p>\n

PIAC in the report attributed the low revenue in 2016 to the decline in petroleum production which it said was caused by a 34-day shutdown of the Jubilee Field for maintenance from March 31 to May 3, 2016.<\/p>\n

Below is an infographic summarizing Ghana\u2019s oil revenue since 2011:<\/strong><\/p>\n

\"Ghana<\/p>\n

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By: Godwin A. Allotey & Melvin M. Clottey\/citifmonline.com\/Ghana
\nFollow @AlloteyGodwin<\/a>
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