Crude oil production in Ghana has recorded a significant decline, according to the 2025 Annual Report of the Public Interest and Accountability Committee (PIAC).

The report, launched in Accra on April 8, 2026, by PIAC Chairman, Richard Ellimah, revealed that production fell from 71.4 million barrels in 2019 to just 37.3 million barrels in 2025.

This marks the sixth consecutive year of decline, representing a compounded annual average reduction of about 9%.

Cumulative output from December 2010, when Ghana began commercial oil production, to December 2025 now stands at approximately 694 million barrels.

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Ellimah noted that the trend poses serious concerns for the country’s energy sector and fiscal stability.

He urged the government, through the Petroleum Commission, to develop a robust framework to attract new investment and sustain production from existing fields.

“The first observation is that crude oil production has declined for the sixth consecutive year in 2025. Production dropped from a high of 71.4 million barrels to 37.3 million barrels,” he said.

The PIAC Chair further noted that while Ghana currently produces about 120,000 barrels of crude oil per day, its neighbouring country, Nigeria, produces close to 1.8 million barrels daily.

The Jubilee Field continues to be Ghana’s most productive asset, consistently accounting for the largest share of national output. However, declining yields from other fields such as TEN and Sankofa have compounded the overall reduction.

Ellimah recalled that Ghana’s highest production year was 2019, when output peaked at 71.4 million barrels.

By contrast, 2025 recorded just 37.3 million barrels, underscoring the scale of the decline.

He warned that this trend has direct implications for government revenue, foreign exchange earnings, and energy security, as oil remains a critical component of Ghana’s economy and a major source of export receipts.



SA/MA