Accra, April 8, 2026 — Ghana's crude oil production has experienced a steep and sustained downturn, falling to 37.3 million barrels in 2025, according to the latest semi-annual findings released by the Public Interest and Accountability Committee (PIAC). The figure represents a dramatic 48% drop from the nation's peak output of 71.4 million barrels achieved in 2019.
The report, unveiled in Accra on Tuesday by PIAC Chairman Richard Ellimah, confirms that 2025 marks the sixth consecutive year of declining production volumes. The data reflects a compounded average annual reduction rate of approximately 9% since the 2019 high.
Cumulative national production since the commencement of commercial operations in December 2010 now totals roughly 694 million barrels.
During the presentation, Ellimah highlighted the widening production gap between Ghana and regional counterparts, noting that Ghana’s current daily output hovers around 120,000 barrels, a stark contrast to neighboring Nigeria's approximate 1.8 million barrels per day.
While the Jubilee Field remains the cornerstone of Ghana's upstream activity, providing the largest share of national output, the report points to weakening yields from the TEN and Sankofa fields as significant drivers of the overall contraction.
The PIAC Chairman cautioned that the persistent slide in production volume carries serious implications for the national treasury. "This trend poses substantial risks to government revenue streams, foreign exchange reserves, and the broader security of our energy supply," Ellimah stated, emphasizing oil's central role in Ghana's export portfolio.
In response to the findings, PIAC urged the government and the Petroleum Commission to urgently formulate a robust investment framework designed to stimulate new exploration and maximize recovery rates from aging existing fields to arrest the decline.
