Ghana’s crude oil production has continued its downward trend, falling to 37.3 million barrels in 2025 and marking the sixth consecutive year of decline, raising concerns about the long term sustainability of the petroleum sector.
Output dropped from about 48.24 million barrels in 2024 and significantly from 71.44 million barrels recorded in 2019, reflecting an average annual decline of roughly nine percent over the period.
According to the 2025 report by the Public Interest and Accountability Committee, production across the country’s three main oil fields contributed to the total. The Jubilee Field recorded 22.2 million barrels, the SGN Field produced 9.26 million barrels, while the TEN Field accounted for 5.83 million barrels.
The Jubilee Field experienced the sharpest drop, declining by over 30 percent compared to 2024 levels. Production at the TEN Field also decreased by about 14 percent, while the SGN Field recorded a more modest decline of 3.6 percent. Average daily output stood at approximately 63,462 barrels for Jubilee, 16,206 barrels for TEN, and 25,360 barrels for SGN.
The report attributes the sustained decline to a combination of natural depletion of oil fields, maintenance activities, and operational challenges, including disruptions linked to the West African Pipeline Company.
Gas production also recorded a drop, falling to 273,780 million standard cubic feet in 2025 from 280,511 million standard cubic feet in 2024, representing a 2.4 percent decrease.
Speaking at the report launch in Accra, PIAC Chairman Richard Ellimah described the trend as a clear indication that Ghana’s oil fields may have reached peak production and are now in decline.
He called for urgent measures to reverse the trend, including attracting new investments into existing fields, improving fiscal and regulatory frameworks, and strengthening data acquisition in unexplored basins.
According to him, without strategic intervention, continued declines in production could adversely affect government revenue, foreign exchange earnings, and overall energy security.