Ghana’s Petroleum Funds recorded a combined balance of US$1.64 billion at the end of the first half of 2026, according to the Bank of Ghana’s latest report on the management of the funds. The report, which covers the period ending June 30, 2026, indicated that the Ghana Petroleum Funds received total allocations of US$197.13 million […]
Ghana earned $355.5 million from crude oil lifts in the first half of 2026, representing a 63 per cent increase over the same period in 2025.
Ghana’s external reserves have strengthened significantly, with the Bank of Ghana reporting an increase to approximately $14.5 billion, providing around 5.8 months of import cover.
The Bank of Ghana has released its report on the performance of Ghana’s Petroleum Funds for the second half of 2024.
The report revealed a significant increase in oil revenue and a substantial boost to funding allocations as growth in investments in Ghana’s petroleum funds reached $1.4 billion.
The Petroleum Holding Fund (PHF) recorded a total inflow of US$1.06 billion in 2023 despite economic headwinds.