The Bank of Ghana has reported that total inflows into the Petroleum Holding Fund (PHF) amounted to US$399.65 million in the second half of 2025, comprising crude oil lifting proceeds, corporate income taxes and interest earned on the PHF account. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said...
Day: February 3, 2026
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Crude Oil Lifting Proceeds Fall to $198.2m in H2 2025
The Bank of Ghana has reported a sharp decline in petroleum lifting receipts in the second half of 2025, with inflows into the Petroleum Holding Fund (PHF) falling significantly compared to the same period a year earlier. In its semi-annual report on Ghana’s Petroleum Finds for H2 2025, the Central Bank said the PHF received...
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Ghana Pushes for $100bn Annual Climate Finance to Support Africa’s Adaptation and Mitigation Efforts
Ghana has appealed to African leaders to unite behind an ambitious drive to mobilise $100 billion annually for climate adaptation and mitigation, cautioning that the continent cannot bear the mounting costs of climate change on its own. The call was delivered in Nairobi by the Minister of State for Climate Change and Sustainability, Alhaji Baba...