Oil Companies Won’t Pay Tax As They Recoup US$11.9bn

Oil exploration and production (E&P) companies will not pay the government any corporate income taxes (CIT) in 2018 after getting approval to recoup the about US$11.9 billion that was invested in the Tweneboa, Enyenra and Ntomme (TEN) and the Sankofa Gye Nyame fields.

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