Ghana’s petroleum sector has generated a cumulative US$11.97 billion in revenue since 2011, underscoring its critical role in national revenue mobilisation despite signs of declining production.
According to the 2025 Annual Report by the Public Interest and Accountability Committee, Corporate Income Tax (CIT) remains the largest contributor to petroleum revenue, accounting for US$346.8 million, or 45 per cent of total inflows.
Carry and Participatory Interest (CAPI) followed closely with US$339.3 million, representing 44 per cent, while royalties contributed US$77.6 million, or 10.1 per cent. Other revenue sources made up less than one per cent, amounting to US$6.5 million.
The figures were presented by PIAC Chairman, Richard Ellimah, at the launch of the 2025 report in Accra on Wednesday, April 8.
The report highlights a revenue structure heavily dependent on corporate taxation and investment returns, reflecting profitability trends within the upstream petroleum sector and the financial frameworks governing production.
For 2025, petroleum revenues were distributed among key state institutions and funds, with the Ghana National Petroleum Corporation receiving US$107.89 million—representing a 61.55 per cent decline from previous allocations.
The Annual Budget Funding Amount (ABFA) received the largest share at US$433.29 million, reinforcing its central role in supporting government expenditure and development priorities.
Meanwhile, the Ghana Stabilisation Fund, which is designed to cushion the economy against oil price volatility, received US$160.46 million, while the Ghana Heritage Fund, aimed at preserving wealth for future generations, was allocated US$68.77 million.
Despite strong revenue performance over the years, the report signals the need for strategic planning as production trends point to a gradual decline, raising concerns about the long-term sustainability of petroleum revenues.
