The Public Interest Accountability Committee (PIAC) has raised alarm over Ghana’s continuing decline in crude oil production, calling on the government to develop a framework to reinvigorate existing oil fields and enhance sector performance.
Presenting the 2025 Annual Report on the Use and Management of Petroleum Revenue in Accra, Chairperson Richard Ellimah highlighted that oil production fell for the sixth consecutive year, dropping from 71.44 million barrels in 2019 to 37.3 million barrels in 2025—a compounded annual decline of 9 percent.
The report showed sharp declines in individual fields: Jubilee Field output fell 30.3 percent to 22.2 million barrels, TEN Field declined 14 percent to 5.83 million barrels, and SGN Field dropped 3.6 percent to 9.26 million barrels. Factors contributing to the decline include natural field depletion, operational disruptions, and facility maintenance, including activities at WAPCo.
Daily average production stood at 63,462 barrels for Jubilee, 16,206 barrels for TEN, and 25,360 barrels for SGN. Gas production also decreased by 2.4 percent, from 280,511 MMSCF in 2024 to 273,780 MMSCF in 2025.
Mr. Ellimah emphasised that without strategic investment in field rejuvenation, improvements in regulatory and fiscal frameworks, and more robust data collection in emerging basins, Ghana risks further production declines.
He urged policymakers and industry stakeholders to act decisively to stabilise production, safeguard national petroleum revenue, and ensure the sector continues to contribute meaningfully to economic growth.
