Ghana’s crude oil lifting receipts fell sharply to $198.25 million in the second half of 2025, down from $369.25 million in the same period of 2024.
According to the Bank of Ghana’s Semi-Annual Petroleum Funds Report, the drop stemmed from fewer liftings and softer global oil prices. From July to December 2025, the government lifted just three cargoes: two from the Jubilee field and one from the Sankofa Gye Nyame (SGN) field—fewer than the prior year.
Jubilee generated $134.55 million, while SGN added $63.70 million. A $60.79 million cargo from the TEN field, due in November, arrived after year-end and was excluded from 2025 totals.
Falling Brent crude prices compounded the issue, dipping from $66.61 per barrel in late June to $60.81 by December, which squeezed earnings per cargo.
Even so, total petroleum revenue distributions topped receipts, bolstered by prior accumulations. The Bank of Ghana warned that ongoing global oil market volatility could pressure future revenues.
Story by: Mercy Addai Turkson #ahotoronline.com