The first half of 2025 saw a more than 50% decline in Ghana’s petroleum revenues.

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

Ghana’s Petroleum revenues fell by more than half in the first six months of 2025, dropping 56 percent year-on-year to US$370.6 million amid a double blow from declining crude oil output and weakening global prices, according to data from the Bank of Ghana (BoG).

This development marks a steep reversal from the same period in 2024, when receipts stood at US$ 840.8 million.

The slump, as captured in the ‘2025 First Half Semi-Annual Report’ by the Central Bank, was driven primarily by a 25.5 percent drop in the volume of crude oil lifted by the Ghana Group, from 3.77 million barrels in H1 2024 to just 2.81 million barrels in H1 2025, according to industry sources.

Source: newsthemegh.com