Ghana Earns $370.6m from Crude Oil in First Half of 2025
Ghana earned a total of $370.622 million in petroleum revenues during the first half of 2025, according to the First-Half Petroleum Semi-Annual Report released by the Ministry of Finance.
Of the total receipts, $218.62 million was accrued from crude oil liftings, which took place between January and March 2025. The liftings represent the government’s share of crude oil produced in the country’s three main oilfields—Jubilee, TEN, and Sankofa Gye-Nyame.
Additionally, corporate income taxes paid by upstream petroleum companies amounted to $148.75 million. The contributing firms include Kosmos Energy, Tullow Oil, ENI Ghana, Vitol, and PetroSA.
Other Petroleum Receipts
In addition to the liftings and corporate taxes, the country generated $863,045 from surface rentals and $2.376 million from income on the Petroleum Holding Fund (PHF). These revenues contribute to Ghana’s fiscal buffer in the face of external economic uncertainties.
Ghana Petroleum Funds See Strong Investment Returns
Meanwhile, total investments from the Ghana Petroleum Funds (GPFs) reached an estimated $1.424 billion during the period under review.
The Ghana Heritage Fund (GHF), which serves as a savings vehicle for future generations, posted strong growth with investments amounting to $1.301 billion. The Ghana Stabilisation Fund (GSF), which is designed to cushion the economy during revenue shortfalls, held investments valued at $122.9 million.
The cumulative performance of the petroleum funds, coupled with relatively stable global crude prices in the first half of the year, reinforces Ghana’s efforts at prudent resource management and long-term fiscal sustainability.
Ghana’s Petroleum Holding Fund serves as the primary account for all petroleum receipts due the state, in line with the Petroleum Revenue Management Act (PRMA), and is managed by the Bank of Ghana.
