Data from the Bank of Ghana shows that Ghana’s total petroleum revenue in the second half of 2025 was US$399.65 million, a sharp drop compared to 2024.
The Bank’s Semi-Annual Report on the Petroleum Holding Fund (PHF) shows that this figure includes both crude oil sales and petroleum-related taxes. Still, it is lower than the US$369.25 million earned from crude oil liftings alone in the same period of 2024, showing a slowdown in revenue.
Crude oil liftings from the Jubilee and Sankofa Gye Nyame (SGN) fields brought in US$198.25 million, from two Jubilee cargoes and one SGN cargo.
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Other sources, such as corporate income taxes and interest on the PHF, added US$201.40 million, made up of US$198.09 million in taxes and US$3.31 million in interest income.
The report also noted that proceeds from the 25th cargo of the TEN field, valued at US$60.79 million, were not received by the end of 2025, so they were excluded from revenue.
Despite the lower inflows, total petroleum revenue distributed in H2 2025 was US$493.40 million, thanks to the use of accumulated balances and other income.
The Annual Budget Funding Amount (ABFA) received the largest share at US$285.06 million for government development projects.
The Ghana Stabilisation Fund (GSF) and Ghana Heritage Fund (GHF) received US$115.99 million and US$49.71 million, respectively.
The Ghana National Petroleum Corporation (GNPC) got US$42.63 million for equity financing and participating interests.
The Bank of Ghana noted that Brent crude prices fell from US$66.61 to US$60.81 per barrel by the end of 2025. As of December 31, 2025, Ghana’s total petroleum reserves were US$1.55 billion, with the Heritage Fund accounting for US$1.38 billion.
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SP/MA
Source:
www.ghanaweb.com