EnergyOilNatural GasCoalElectricity

Ghana Oil

Reserves (2025)#43 World
660,000,000barrels
0.04%
of world reserves
10 years
at current production
Production (2025)#38 World
186,121b/d−2.7% YoY
Consumption (2024)#81 World
102,779b/d+2.4% YoY
Daily Surplus (2024)
+88,449b/d

Consumption uses 53.7% of production.

Production
Consumption
Surplus

Oil Reserves in Ghana

  • Ghana has proven oil reserves of 660,000,000 barrels (as reported in 2025) (#43 in the world), representing 0.04% of the world's total.
  • As of 2025 production rates, Ghana has roughly 10 years of proven oil reserves left (crude and condensate reserves ÷ their annual production).

Oil Production in Ghana

  • Ghana produced 186,121 barrels per day of oil and petroleum liquids in 2025 (#38 in the world), a decrease of 2.7% from 191,228 barrels per day in 2024.
  • Of that, 182,981 barrels per day was crude oil in 2025.
  • And 2,533 barrels per day was natural gas plant liquids (NGPL) in 2025.

Oil Consumption in Ghana

  • Ghana consumed 102,779 barrels per day of oil and petroleum products in 2024 (#81 in the world), an increase of 2.4% from 2023. This represents 0.1% of the world's total oil consumption.
  • Per capita, oil consumption in Ghana averaged 0.13 us gallons per day in 2024 (#170 in the world).
  • The largest refined-product categories were Distillate Fuel Oil (43.2%), Motor Gasoline (40.2%), and Liquefied Petroleum Gases (10%).

(Historical) Oil Imports & Exports in Ghana

EIA has stopped publishing oil trade data. Imports and exports data shown here are historical and may not reflect current trends.

Imports and exports data cover crude oil and lease condensate only, and do not include other petroleum liquids such as natural gas plant liquids (NGPL) or refined products.

oil Balance in Ghana

  • In 2024, Ghana produced approximately 191,228 barrels per day of oil and consumed 102,779 barrels per day , a surplus of 88,449 barrels per day.

Ghana Oil History (1973-2025)

ReservesProductionConsumptionCrude Oil Trade (Historical)
2025660,000,000430.04%186,121−2.7%380.18%————————
2024660,000,000430.04%191,228+15.5%370.19%102,779+2.4%810.10%0.13———
2023660,000,000430.04%165,589−2%390.16%100,399+8%810.10%0.12———
2022660,000,000430.04%169,015−7.8%390.17%92,962−9.2%860.09%0.12———
2021660,000,000420.04%183,392−9.5%370.19%102,376+11.5%800.11%0.13———
2020———202,618+0.88%350.22%91,788+6%810.10%0.12———
2019660,000,000420.04%200,859+15.9%370.20%86,624+3.5%860.09%0.12———
2018660,000,000420.04%173,236+14.5%380.17%83,710−8.3%880.08%0.113,940176,833−172,893
2017660,000,000410.04%151,336+53%390.15%91,276−8.6%820.09%0.134,680162,803−158,123
2016660,000,000430.04%98,927−3.9%480.10%99,887+6.2%770.10%0.142,91285,030−82,118
2015660,000,000430.04%102,940−2.5%500.11%94,056+21.3%810.10%0.146,211104,037−97,826
2014660,000,000430.04%105,575+7%510.11%77,549+0.27%830.08%0.1213,841107,572−93,731
2013660,000,000430.04%98,647+24.7%520.11%77,336+1.5%820.08%0.1226,00498,765−72,761
2012660,000,000430.04%79,081+2%550.09%76,215+14.1%830.08%0.1224,16783,925−59,758
2011660,000,000420.04%77,548+832.7%540.09%66,816+13.3%880.07%0.1130,59877,634−47,036
201015,000,00083< 0.01%8,314.1+22.8%930.01%58,955+1.3%890.07%0.133,194033,194
200915,000,00083< 0.01%6,768.3−5.7%920.01%58,195+19.9%910.07%0.119,633019,633
200815,000,00083< 0.01%7,176.9−6.7%930.01%48,516+1.8%1000.06%0.0839,466039,466
200715,000,00083< 0.01%7,691+8.6%890.01%47,638+11.2%990.05%0.0841,024041,024
200616,500,00079< 0.01%7,081−4.3%910.01%42,833−2.1%1000.05%0.0834,213034,213
200516,510,00077< 0.01%7,399−13.7%870.01%43,774+0.77%960.05%0.0839,306039,306
200416,510,00077< 0.01%8,574+14.7%860.01%43,439+11%960.05%0.0839,486039,486
200316,510,00077< 0.01%7,477.4+0.6%840.01%39,141+1.1%980.05%0.0838,627038,627
200216,510,00077< 0.01%7,433.2+3.5%820.01%38,706+5.3%960.05%0.0835,571035,571
200116,510,00078< 0.01%7,183.3+0.72%790.01%36,762+0.67%970.05%0.0830,738030,738
200016,510,00077< 0.01%7,131.9+1.9%800.01%36,517+17.4%980.05%0.0825,665025,665
199916,510,00077< 0.01%7,000+0%760.01%31,100+16.5%970.04%0.0732,695032,695
199816,510,00077< 0.01%7,000−2.8%790.01%26,700+3.1%1010.04%0.0623,967023,967
199716,510,00078< 0.01%7,200−2.1%770.01%25,900−4.4%1010.04%0.063,55503,555
199616,000,00069< 0.01%7,351.4+22.5%760.01%27,100+1.9%980.04%0.0619,893019,893
1995500,00077< 0.01%6,000+0%770.01%26,600+3.1%960.04%0.0616,637016,637
1994500,00078< 0.01%6,000+2900%740.01%25,800+10.3%980.04%0.0621,790021,790
1993500,00077< 0.01%200−83.3%95< 0.01%23,400+4.5%1010.03%0.0613,821013,821
1992500,00075< 0.01%1,200+500%87< 0.01%22,400+11.4%1040.03%0.0618,834018,834
1991500,00071< 0.01%200−581.7%82< 0.01%20,100+0.5%880.03%0.0519,773019,773
19901,000,00066< 0.01%−41.52−26.7%89< 0.01%20,000−15.6%870.03%0.0516,358016,358
19891,000,00066< 0.01%−56.67−166.2%92< 0.01%23,700+11.3%840.04%0.0718,275018,275
19881,000,00065< 0.01%85.66−9.2%85< 0.01%21,300+17%840.03%0.0616,717016,717
19872,350,00061< 0.01%94.29−52.9%82< 0.01%18,200+15.2%900.03%0.0517,676017,676
19863,800,00061< 0.01%200−80%76< 0.01%15,800+12.9%940.03%0.0516,837016,837
19853,800,00061< 0.01%1,000−50%73< 0.01%14,000−12.5%960.02%0.0417,776017,776
19843,800,00060< 0.01%2,000+0%69< 0.01%16,000+14.3%910.03%0.0516,198016,198
19835,400,00059< 0.01%2,000+0%68< 0.01%14,000−12.5%960.02%0.058,18908,189
19822,310,00057< 0.01%2,000+0%67< 0.01%16,000+14.3%920.03%0.0520,592020,592
19816,300,00056< 0.01%2,000+0%67< 0.01%14,000−12.5%950.02%0.0521,630021,630
19807,000,00055< 0.01%2,000—64< 0.01%16,000—940.03%0.0620,811020,811

See also

Sources