Ghana: Oil Revenue Decline Must Not Affect Ghana’s Development

The 2023 Annual Report of the Public Interest and Accountability Committee (PIAC) Report on the use and management of oil revenues launched in Accra yesterday states that Ghana’s share of petroleum revenues for 2023 declined by a 25.65 per cent due to decrease in oil production for the fourth conservative year and lower global prices.

The country earned $1.06 billion in 2023; $1.42 billion in 2022, which is the highest so far since the country started commercial oil production in 2010; $783.33 million in…