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Ghana Heritage Fund Posts Robust 2025 Gains, Assets Rise to $1.38bn

Ghana Heritage Fund closed the 2025 fiscal year with a book value of $1.376 billion, generating over $79 million in investment returns and recording no withdrawals in compliance with the law.

Petroleum Fund Management Act Sees Massive "Surgery": Fate of Free SHS, PIAC & ABFA Hangs in Balance
Oil drums sitting over a trading board which shows a stock market crash. Selective focus. Horizontal composition with copy space.
Stanley Senya
Feb 6, 2026

The Ghana Heritage Fund (GHF) recorded a strong financial performance in the 2025 fiscal year, closing with a book value of US$1.376 billion, according to the latest Petroleum Funds report published by the Bank of Ghana.

The Fund, which was established under the Petroleum Revenue Management Act, 2011 (Act 815) to serve as an endowment for future generations, generated a net investment income of US$55.8 million in the second half of 2025.

This performance pushed the Fund’s total interest and investment income for the year to more than US$79 million, underscoring the resilience of its diversified investment portfolio amid fluctuations in global capital markets.

The report noted that the GHF opened the second half of the year with a balance of US$1.301 billion and received a mandatory transfer of US$19.05 million from Ghana’s petroleum revenue inflows.

In line with statutory requirements, no withdrawals were made from the Fund during the period, enabling both the principal and accumulated returns to continue compounding.

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The sustained growth of the GHF highlights ongoing efforts to preserve petroleum wealth for long-term national development and intergenerational equity.

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