2012 Production

  • Total volume of crude oil produced in 2012 was 26,351,278 barrels
  • Of this amount, the GNPC lifted crude oil five times on behalf of Ghana
  • This amounted to 4,931,034 barrels (18.71%) of the total production

2012 Revenue

  • Petroleum receipts had improved slightly to US$541.62 million, representing 6.6% of Domestic Revenue and 1.4% of GDP.
  • These receipts were allocated to GNPC (US$230.95 million), ABFA (US$286.55 million) and GPFs(US$24.12 million)

2011 Production

  • Total volume of crude lifted in 2011 was 24,451,452 barrels
  • Of this amount, the GNPC lifted crude oil four times on behalf of Ghana
  • This amounted to 3,930,189 barrels (16.07%) of the total production

2011 Revenue

  • Petroleum receipts collected amounted to US$441.12 million representing 5.9% of Domestic Revenue and 1.2% of GDP
  • These receipts were allocated to GNPC (US$ 207.96 million), ABFA (US$ 166.96 million), and GPFs (US$69.21 million)

Data Source

  • Ministry of Finance
  • GNPC
  • Bank of Ghana