Ghana earned $370.6 million in petroleum revenues during the first half of 2025, driven primarily by crude oil liftings and corporate income taxes, according to the Ministry of Finance’s Petroleum Semi-Annual Report.
The report shows that $218.62 million came from crude oil liftings between January and March 2025. These liftings represent the government’s share from production in the Jubilee, TEN, and Sankofa Gye-Nyame oilfields.
Corporate income taxes from upstream petroleum firms contributed an additional $148.75 million. Major contributors included Kosmos Energy, Tullow Oil, ENI Ghana, Vitol, and PetroSA.
Other petroleum-related revenues included $863,045 from surface rentals and $2.38 million in returns from the Petroleum Holding Fund (PHF), which acts as a fiscal buffer in times of external economic pressures.
In addition to these inflows, Ghana’s petroleum investment vehicles also posted strong performance. Total investments in the Ghana Petroleum Funds (GPFs) stood at $1.424 billion.
The Ghana Heritage Fund (GHF), a long-term savings instrument for future generations, held $1.301 billion, while the Ghana Stabilisation Fund (GSF), which cushions the economy against oil revenue shortfalls, had $122.9 million in assets.
The solid performance of the petroleum funds, combined with stable global oil prices, signals progress in Ghana’s effort to ensure responsible resource management and economic resilience.
All petroleum revenues are managed through the Petroleum Holding Fund in accordance with the Petroleum Revenue Management Act (PRMA), under the oversight of the Bank of Ghana.
