Ghana’s Petroleum Funds closed the first half of 2026 with a combined balance of US$1.64 billion, according to the Bank of Ghana’s report on the performance of the funds for the period ending June 30, 2026.
The report indicates that the funds received US$197.13 million in total allocations during the first six months of the year from the country’s petroleum revenues.
Of the total allocation:
- US$137.99 million was transferred to the Ghana Stabilisation Fund (GSF); and
- US$59.14 million was allocated to the Ghana Heritage Fund (GHF).
In addition to these allocations, the two funds generated a combined net investment income of US$27.79 million during the reporting period.
Stabilisation Fund records withdrawal
The report shows that the Ghana Stabilisation Fund recorded a withdrawal of US$132.94 million during the first half of the year.
As a result, the fund ended the period with a balance of US$182.68 million.
The Stabilisation Fund is designed to cushion the national budget against unexpected shortfalls in petroleum revenue and other external economic shocks.
Heritage Fund continues to grow
The Ghana Heritage Fund, which is intended to preserve petroleum wealth for future generations, recorded no withdrawals during the period.
The fund closed the first half of 2026 with a balance of US$1.46 billion, continuing its steady growth.
Strong overall performance
According to the report, the combined opening balance of the two petroleum funds at the beginning of 2026 stood at US$1.55 billion, meaning the funds increased to US$1.64 billion by the end of June.
The allocations were derived from proceeds generated through five crude oil liftings from Ghana’s producing oil fields during the first half of the year.
These liftings came from the:
- Jubilee Field;
- Sankofa-Gye Nyame Field; and
- TEN (Tweneboa-Enyenra-Ntomme) Field.
The report was published by the Bank of Ghana in accordance with the Petroleum Revenue Management Act, 2011 (Act 815), which requires regular public disclosure of Ghana’s crude oil liftings and the allocation of petroleum revenues to the Ghana Petroleum Funds.
The latest figures underscore the continued growth of Ghana’s sovereign petroleum savings, strengthening the country’s capacity to manage oil revenues, support fiscal stability and preserve wealth for future generations.
Source: citinews
