The government is expecting to collect nearly US$1 billion in petroleum revenues in 2026, Finance Minister Ato Forson said during the presentation of the 2026 budget, highlighting the government’s careful planning to ensure oil wealth benefits both current and future generations.
The Minister projected total petroleum receipts at US$985.5 million, drawn from royalties, carried and participating interests, corporate income taxes, and surface rentals. “The Benchmark Revenue for 2026, net of amounts ceded to GNPC, is estimated at 795.2 million US dollars,” Forson told Parliament.
Of this total, US$190.3 million will be transferred to the Ghana National Petroleum Corporation (GNPC) to cover equity financing costs and its share of carried and participating interests. The remaining funds will support national development and stabilisation efforts.
Under the planned allocations, US$556.6 million will fund the Annual Budget Funding Amount (ABFA), while US$238.6 million will go into the Ghana Petroleum Funds, split between the Ghana Stabilisation Fund (US$167 million) and the Ghana Heritage Fund (US$71.6 million).
Looking further ahead, Forson projected medium-term petroleum receipts of US$1.08 billion in 2027, US$1.02 billion in 2028, and US$930 million in 2029, under benchmark oil prices rising modestly each year.
“The careful management of petroleum revenues ensures we can fund key projects today while saving for the future,” he said, emphasizing the government’s commitment to fiscal discipline and long-term stability.
