Ghana saves $1.4bn since commercial export of crude oil

Ghana has saved a total of US$1.4 billion from its oil resources since the country began commercial crude oil exports in 2010. This figure is captured in the latest Petroleum Investment Report, which outlines revenues accumulated from crude oil exports, taxes from oil companies, and rental charges paid to the state. The report highlights the country’s efforts to channel oil income into strategic savings, aimed at ensuring long-term economic stability and resilience.

As of June 2025, the Ghana Stabilization Fund had a closing book value of US$122 million, following a US$121 million withdrawal during the year. The fund, which is designed to manage petroleum revenue volatility and provide a buffer against price shocks, opened the year with a book value of US$196 million. Meanwhile, the Ghana Heritage Fund, established to serve as a long-term investment for future generations after oil reserves are depleted, has reached a significant milestone of US$1.3 billion.