Ghana generated a total of $370.6 million in petroleum revenue from January to June 2025, according to the Bank of Ghana’s latest report under the Petroleum Revenue Management Act (Act 815).
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The receipts came from three main sources:
- $218.63 million from crude oil liftings, including the 81st and 82nd Jubilee liftings and 17th SGN Field lifting.
- $148.75 million from other income, including corporate taxes and surface rentals paid by companies like Tullow Ghana, Kosmos Energy, ENI Ghana, and Petro SA.
- $3.24 million from interest on Petroleum Holding Fund (PHF) investments.
Of the total, $63.53 million was allocated to the Ghana Petroleum Funds (GPFs), with the Stabilisation Fund receiving $44.47 million and the Heritage Fund getting $19.06 million.
By the end of June 2025:
The Ghana Stabilisation Fund had a balance of $122.91 million after a government withdrawal of $121.33 million.
The Ghana Heritage Fund rose from $1.26 billion to $1.3 billion, with no withdrawals and $23.92 million in interest income.
Notably, no disbursements were made to the Annual Budget Funding Amount (ABFA) in the first half of 2025, possibly due to delayed tax receipts expected to be allocated in the second half of the year.
