Crude oil revenue fell to US$198.25 million in the second half of 2025 from US$369.25 million in 2024, according to a Bank of Ghana report.
The semi-annual report produced under the Petroleum Revenue Management Act (815) from July 1 to December 31, 2025, stated that total earnings from the 83rd and 84th liftings from the Jubilee field were US$134.55 million, compared to US$144.20 million collected in the second half (H2) of 2024.
“The Petroleum Holding Fund PHF received a total amount of US$198.25 million from lifting proceeds in H2 2025 compared to receipts of US$369.25 million in H2 2024,” according to portions of the report.
“The total amount received into the Petroleum Holding Fund (PHF) account for H2 2025 was US$399.65 million (Crude oil lifting total of US$198.25 million and other total income of US$201.40 million). The total amount distributed from the PHF during the period was US$493.40 million,” parts of the report stated.
It reported that US$201.40 million was received as other income for corporate income tax and Petroleum Holding Fund (PHF) interest during the review period.
The sums received include US$3.31 million for PHF interest and US$198.09 million for corporate income tax.
According to the report, this includes US$134.55 million in lifting earnings from the 83rd and 84th liftings from Jubilee, US$63.70 million from the 18th lift from Sankofa Gye-Nyame (SGN) field, and US$295.15 million in miscellaneous incomes.
In contrast to the second half (H2) 2024, the report reported that the 18th lifting from Sankofa Gye-Nyame (SGN) field was US$63.70 million, with the 16th lifting amount being US$68.54 million.
At the end of the second half (H2) 2025, the Petroleum Holding Fund Account (PHF) had a balance of US$0.32 million, which included the Petroleum Holding Fund (PHF) overnight interest and a required balance.
“The total amount received by Annual Budget Fund Amount (ABFA) for H2 2025 was US$285.06 million compared to US$287.68 in H2 2024. The Ghana Heritage Fund and Ghana Stabilisation Fund received US$115.99 million and US$49.71 million respectively in H2 2025 compared to US$317.81 million and US$136.20 million respectively received in H2 2024”. the report stated.
The Petroleum Revenue Management Act, 2011 (Act 815) (PRMA), Act 893, and Act 1138, as amended, created the Petroleum Holding Fund and the Ghana Petroleum Funds.
Source: newsthemegh.com