Business News of Monday, 28 July 2025

Source: www.ghanaweb.com

Ghana earns $370.6 million from crude oil in first half of 2025 – Report

$218.62 million generated from crude oil liftings recorded in January and March 2025 $218.62 million generated from crude oil liftings recorded in January and March 2025

Ghana earned $370.62 million from crude oil in the first half of 2025, according to the First-Half Petroleum Semi-Annual Report.

Of this amount, $218.62 million was generated from crude oil liftings that took place between January and March 2025.

The country also received $148.75 million in corporate taxes during the first half of the year.

These taxes were paid by companies involved in crude oil production, including Kosmos Energy, Tullow Oil, ENI Ghana, Vitol, and Petro SA.

Additionally, surface rentals contributed $863,045, while income from the Petroleum Holding Fund was estimated at $2.376 million.

Investments from the Ghana Petroleum Holding Fund were valued at $1.42 billion in the first half of 2025.

For the Ghana Heritage Fund, earnings during the period amounted to $1.301 billion, while the Ghana Stabilisation Fund recorded investments worth $122.9 million.

SP/MA

How Virtual Reality is enhancing business and customer experience