The Bank of Ghana (BoG) has published the latest Ghana Petroleum Funds report, which indicates a decline in the country’s earnings from crude oil sales in the second half of 2025.
According to the semi-annual report, oil lifting receipts plummeted to US$198.25 million between July and December 2025, down from US$369.25 million in the corresponding period of 2024.
The report was released in accordance with the PRMA Section 28(1) and (2), which requires the Bank of Ghana to report on the performance and activities of the Petroleum Holding Fund and Ghana Heritage Funds for the second half of 2025 (H2), which ended on 31st December, 2025.
Specifically, the report notes that the total receipts from the 83rd and 84th liftings from the Jubilee field amounted to US$134.55 million, compared to US$144.20 million received in the second half of 2024 (81st and 82nd liftings).
Furthermore, the 18th lifting from the Sankofa Gye-Nyame Field generated US$63.70 million, a decrease from the US$68.54 million recorded in the second half of 2024 (16th lifting).
“During the period under review, a total amount of US$201.40 million was received as other income for corporate income tax and Petroleum Holding Fund interest. The amounts received comprise US$198.09 million for corporate income tax and US$3.31 million for Petroleum Holding Fund interest,” the report said.
The total amount received into the Petroleum Holding Fund account for the second half of 2025 was US$399.65 million, with crude oil lifting totalling US$198.25 million and other total income of US$201.40 million, the report added.
Additionally, the total amount distributed from the Petroleum Holding Fund during the period was US$493.40 million (Table 3).
This consists of lifting proceeds from the 83rd and 84th liftings from Jubilee totalling US$134.55 million and the 18th lifting from the Sankofa Gye-Nyame field of US$63.70 million, as well as other incomes totalling US$295.15 million.
The Petroleum Holding Fund and the Ghana Petroleum Funds were established by the Petroleum Revenue Management Act, 2011 (Act 815) (PRMA) and (Act 893) and (Act 1138) as amended.
By: Rainbowradioonline.com/Ghana
