2016 GHEITI OIL AND GAS REPORT

Published Date: 
September, 2018

The Ghana Extractive Industries Transparency Initiative (GHEITI) engaged Messrs Boas & Associates to reconcile the payments made by Oil and Gas Companies and receipts by the government of Ghana for 2016. Total crude oil production in 2016 was 32,297,780 bbls, compared to 37,411,661 barrels for the same period in 2015. The total value of crude oil exported was estimated at US$1,345.2 million in 2016 compared to US$1,931.3 million exported in 2015. Volume exported decreased by 19.9% to 29,769,048 barrels in 2016.

2016 GHEITI MINING SECTOR REPORT

Published Date: 
September, 2018

The Ghana Extractive Industries Transparency Initiative (GHEITI) engaged Messrs Boas Associates to reconcile the payments made by Mining Companies and receipts by the government of Ghana for 2016.

Compared to the production in 2015, there were increases of 17%, 26% and 30% in the production of gold, bauxite and manganese respectively. Diamond production decreased by 0.28% in 2016 as compared to 2015. Mining and Quarrying is estimated to have recorded a negative GDP growth of 11.2 percent in 2016, worse than the negative 2.2 percent recorded in 2015.

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