The Bank’s Semi-Annual Report on the Petroleum Holding Fund (PHF) indicates that this figure includes both crude oil sales and petroleum-related taxes. However, it is still lower than the US$369.25 million earned from crude oil liftings alone in the second half of 2024, highlighting a slowdown in revenue. Despite the lower inflows, total petroleum revenue distributed in H2 2025 reached US$493.40 million, thanks to the use of accumulated balances and other income. The Ghana Stabilisation Fund (GSF) and Ghana Heritage Fund (GHF) were allocated US$115.99 million and US$49.71 million, respectively. As of December 31, 2025, Ghana’s total petroleum reserves stood at US$1.55 billion, with the Heritage Fund accounting for US$1.38 billion.

Source: GhanaWeb February 03, 2026 11:26 UTC