Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Data from the Bank of Ghana, show a sharp deterioration in Ghana’s oil export earnings in 2025.
By the end of October, oil exports stood at $2.2 billion, compared with $3.3 billion over the same period in 2024. That represents a decline of $1.12 billion.
The decline reflects a combination of weaker international oil prices and falling domestic production.
Oil entered 2025 trading slightly above $70 per barrel but prices have steadily declined since then, touching lows of about $59 and currently hovering around $60 per barrel.
This is well below the $70 to $80 range that prevailed through much of 2023 and 2024.
The data suggest that average oil prices in 2025 are the lowest since the latter part of 2021, a trend that has weighed heavily on oil producing countries such as Ghana.
Source: newsthemegh.com