Africa · GHA
Ghana
Jubilee and TEN oil, Sankofa gas, Akosombo hydro. A West African producer that still imports products.
Oil production
0.2 mb/d
0.1 mb/d demand
Net oil
+0.1 mb/d
Near balance
Gas production
5 bcm
Net +1 bcm
O&G rent
4.8%
Fiscal breakeven $55
Oil balance
Production versus demand, 2025, million barrels per day.
Production0.2 mb/d
Consumption0.1 mb/d
Gas balance
Production versus demand, 2025, billion cubic metres.
Production4.5 bcm
Consumption3.2 bcm
Proven oil
1 bn bbl
Gas reserves
0.1 tcm
Refining
0.1 mb/d
LNG
No LNG
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil47%
- Gas53%
Economy
GNPC and the energy-sector arrears are twins. Gas-to-power is the industrial constraint.
- GDP
- $0.1 tn
- Population
- 34.0 m
- Oil intensity
- 0.5 bbl /$1k
- Oil & gas rent
- 4.8% GDP
- Hydrocarbon trade
- -1.6% GDP
- Fiscal breakeven
- $55 /bbl
- $30 oil shock
- +9.6 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 0.1 mb/d (net +0.0) versus NZE 0.1 mb/d (net +0.0).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.1 | 0.1 | 0.1 | 0.2 |
| Net Zero 2050 | 0.1 | 0.1 | 0.1 | 0.0 |
| Current Policies | 0.1 | 0.1 | 0.1 | 0.2 |