Ghana saves $1.4bn since commercial export of crude oil

Ghana has been able to save US$1.4 billion since it started exporting crude oil in commercial quantities.

This was captured in the latest Petroleum Investment Report.

These are funds that Ghana has invested from crude oil export revenue, taxes paid by firms operating in Ghana’s oil area, and rental charges to the state since 2010.

Breakdown of the Numbers

The Petroleum Investment Report showed that, as of June 2025, the Stabilisation Fund, established to help Ghana manage volatile petroleum revenues and cushion the government against potential fluctuations, had a closing book value of US$122 million.

The Petroleum Fund's investments showed a withdrawal of US$121 million. It opened in 2025 with a book value of US$196 million.

According to Petroleum Holding Fund, the Ghana Stabilisation Fund, seeks to maintain a high credit quality with negligible default risk while receiving a specific rate

The Ghana Heritage Fund, which is to provide an endowment to support development for future generations when petroleum reserves have been depleted, has also hit US$1.3 Billion

Reviewing Ghana’s Petroleum laws

However, some industry watchers have pushed for some reviews of the country’s investment laws that guides Ghana’s Petroleum Revenue.

They have maintained that the country could have gotten more than US$1.4 billion from the sector.

This is because there are strict laws that guides how Ghana’s Oil Revenue should be managed.

However, some of these analysts have also argued that the country could be getting more, if it explores other areas and investments assets for some higher returns.

Ghana’s Petroleum Revenue Management Act 893 as amended provides the framework for the collection, allocation and management of petroleum revenue in transparent manner.

It seeks to regulate the collection and management of petroleum revenue derived from upstream and midstream petroleum operations.

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