Petroleum revenues in Ghana plummeted by 56% year over year in the first half of 2025 – PIAC

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana’s petroleum receipts for the first half of 2025 fell sharply by 56 percent year-on-year, according to the Public Interest and Accountability Committee (PIAC) in its 2025 Semi-Annual Report on the utilisation of revenue from the country’s crude oil production.

The report revealed that a total of US$370,343,681.17 was lodged into the Petroleum Holding Fund (PHF) for the period under review, compared with US$840,765,265.80 recorded in the same period of 2024.

PIAC attributed the decline to lower crude oil liftings and a drop in global oil prices, which affected export revenues across Ghana’s producing fields – Jubilee, TEN, and Sankofa-Gye Nyame (SGN).

Source: newsthemegh.com