Revenue Collection
from fields like Jubilee and TEN, managed by companies (GNPC)
under the Ghana National Petroleum Corporation
Royalties
Royalties are payments made to the government or landowners based on a percentage of the revenue or volume of oil extracted. They compensate for the right to exploit natural resources.
Carried and Participating Interest
Carried interest refers to a situation where a company covers the exploration and development costs on behalf of the government. In return, the government retains an ownership stake (participating interest) in the oil project, benefiting from future profits without initial investment risks.
Corporate Income Tax
Corporate income tax is a tax imposed on a company's profits. Oil companies pay this tax on their net income after deducting operating expenses, depreciation, and other allowances. It contributes to government revenue from oil operations.
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