Ghana Upstream Fiscal and Regulatory Report - First licensing round to test new fiscal terms

4.1. Royalties, Bonuses, and Fees
4.1.1. Signature Bonus
4.1.2. Production Bonus
4.1.3. Permit Fees
4.1.4. Acreage Fees
4.1.5. Training Allowance
4.1.6. Technology Allowance
4.1.7. Royalty
4.2. Special Gas Provisions
4.3. Decommissioning Fund
4.4. Direct Taxation
4.4.1. Corporate Income Tax
4.4.2. Deductions and Depreciation
4.4.3. Additional Oil Entitlement
4.4.4. Withholding Tax
4.4.5. Capital Gains Tax
4.5. Indirect Taxation
4.5.1. Value Added Tax (VAT)
4.5.2. Import Tax
4.5.3. Export Tax
4.6. State Participation
4.7. Stability Clause

5.1. Legal Framework
5.1.1. Governing Law
5.1.2. Contract Type
5.1.3. Title to Hydrocarbons
5.2. Institutional Framework
5.2.1. Licensing Authority
5.2.2. Regulatory Agency
5.2.3. National Oil Company
5.3. Licensing Process
5.3.1. First Licensing Round (2018 )
5.3.2. Open Competitive Licensing Round (Blocks 2, 3 and 4)
5.3.3. Direct Negotiations (Blocks 5 and 6)
5.3.4. GNPC Allocation (Block 1)
5.4. License Terms
5.4.1. Duration and Relinquishments
5.4.2. Work Obligation
5.5. Local Content
5.6. Domestic Market Obligation

7.1. References
7.2. Contact Us
7.3. Disclaimer

Table 1: Regime Overview
Table 2: Ghana, Exploration and Development Permit Fees (US$), 2016
Table 3: Ghana, Production Permit Fees (US$), 2016
Table 4: Ghana, Annual Acreage Fees, US$/sq. km, 2018
Table 5: Ghana, Annual Acreage Fees (US$/sq. km)
Table 6: Ghana, Annual Training Allowances (US$)
Table 7: Ghana, Technology Allowance (US$)
Table 8: Ghana, Royalty Rates (%), Various Agreement, 2004 - 2014
Table 9: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, 2016
Table 10: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Shallow Water Cape Three Points Offshore License, 2014
Table 11: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Deepwater Cape Three Points West Offshore Agreement, 2014
Table 12: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, South-West Saltpond Agreement, 2014
Table 13: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, East Keta Ultra-deepwater Agreement, 2014
Table 14: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Keta Agreement, 2010
Table 15: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Offshore Saltpond Agreement, 2008
Table 16: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Shallow Water Tano Agreement, 2006
Table 17: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Deepwater Tano Agreement, 2006
Table 18: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, Offshore Cape Three Points Agreement, 2005
Table 19: Ghana, Internal Rate of Return Thresholds and Corresponding AOE Tax Rate, West Cape Three Points Agreement, 2004
Table 20: Ghana, GNPC Interest (%), Various Agreements, 2004 - 2014
Table 21: Ghana, Top-level Minimum Local Content Percentages (US%), 2014
Table 22: Ghana, Minimum Local Content (%) of Specific Goods and Services, 2016
Table 23: References

Figure 1: Regime Flow Chart
Figure 2: Ghana, Indicative NPV10/boe, IRR and State Take Comparison, Regional
Figure 3: Ghana, Legal Framework
Figure 4: Ghana, Institutional Framework