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Ghana earned less money from oil export in second half of 2025 – BoG

 The new Ghana Petroleum Funds report released by the Bank of Ghana (BoG) has revealed that the country earned less money from the sale of crude oil in the second half of 2025.

In the semi- annual report, the data showed that oil lifting receipts between July and December 2025 dropped to US$198.25 million, from US$369.25 million in 2024.

The report further revealed that total receipts from the 83rd and 84th liftings from the Jubilee field were US$134.55 million compared to US$144.20 million received in the second half of 2024 (81st and 82nd liftings).

The 18th lifting from Sankofa Gye-Nyame Field was US$63.70 million in comparison to H2 2024 (16th lifting) amount of US$68.54 million.

“During the period under review, a total amount of US$201.40 million was received as other income for corporate income tax and Petroleum Holding Fund interest. The amounts received comprise US$198.09 million for corporate income tax and US$3.31 million for Petroleum Holding Fund interest”, the report said.

It added that the total amount received into the Petroleum Holding Fund account for second half of 2025 was US$399.65 million, with crude oil lifting totalling of US$198.25 million and other total income of US$201.40 million.

The total amount distributed from the Petroleum Holding Fund during the period was US$493.40 million (Table 3). This consists of lifting proceeds from the 83rd and 84th liftings from Jubilee totaling US$134.55 million and 18th lifting from Sankofa Gye-Nyame field of US$63.70 million, as well as other incomes totaling US$295.15 million.

The Petroleum Holding Fund and the Ghana Petroleum Funds were established by the Petroleum Revenue Management Act, 2011 (Act 815) (PRMA) and (Act 893) and (Act 1138) as amended.

In accordance with the PRMA Section 28(1) and (2), the Bank of Ghana is required to report on the performance and activities of the Petroleum Holding Fund and Ghana Heritage Funds for the second half of 2025 (H2) ended 31st December, 2025.

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