Ghana’s crude oil production has continued its downward trajectory, recording a sixth consecutive year of decline, according to the 2025 Annual Report released by the Public Interest and Accountability Committee (PIAC).
The report reveals that national crude output has fallen significantly from a peak of 71.4 million barrels to 37.3 million barrels in 2025. This represents a compounded annual average decline of 9%, raising concerns about the long-term sustainability of the country’s petroleum sector.
Presenting highlights of the report on Wednesday, April 8, PIAC Chairman Richard Ellimah described the persistent drop in production as a worrying trend that demands urgent attention from policymakers and industry stakeholders.
He stressed that the continued decline should be a matter of national concern, noting that oil production remains a critical contributor to Ghana’s revenue generation and economic stability.
To address the situation, Mr. Ellimah called on the government to deepen collaboration with the Petroleum Commission to create a more attractive investment environment within the upstream petroleum sector.
A key recommendation outlined in the report is the development of a targeted framework to stimulate investment in existing oil fields. Particular emphasis was placed on the Tweneboa Enyenra Ntomme (TEN) Field, where production levels have fallen short of expectations in recent years.
According to PIAC, boosting capital inflows into underperforming assets like the TEN field could help stabilise output levels and potentially reverse the broader production decline.
Mr. Ellimah further urged the government to pursue additional strategies aimed at attracting fresh investments into the sector, including policy reforms and incentives that would enhance investor confidence.
The report underscores the urgent need for a coordinated national response to revitalise Ghana’s oil industry, as declining production volumes could have far-reaching implications for public finances and energy security if left unaddressed.
By: Janice Opoku-Agyemang
