Ghana Oil

Oil Reserves in Ghana (2025)

See also: List of countries by Oil Reserves

Ghana holds 660,000,000 barrels of proven oil reserves as of 2025, ranking #43 in the world and accounting for about 0.037% of the world's total oil reserves of 1,765,151,568,000.

Ghana has proven reserves equivalent to 17.6 times its annual consumption levels (based on 2024 data). This means that, without net exports, there would be about 18 years of oil left (at 2024 consumption levels and excluding unproven reserves).

History of Oil Reserves in Ghana

Oil Consumption in Ghana (2024)

See also: List of countries by Oil Consumption

• Ghana consumes 102,779 barrels per day (B/d) of oil as of the year 2024.
• Ghana ranks #81 in the world for oil consumption, accounting for about 0.10% of the world's total consumption of 102,559,503 barrels per day.
• Ghana consumes 0.13 gallons of oil per capita every day (based on the 2024 population of 34,427,414 people), or 46 gallons per capita per year (1 barrels). [1 barrel = 42 US Gallons]

Oil Production in Ghana (2024)

See also: List of countries by Oil Production

• Ghana produces 206,206 barrels per day of oil (as of 2024) ranking #36 in the world.
• At 2024 production levels, Ghana produces every year about 11.4% of its proven reserves ( 2025).

Oil Exports (2018)

• In 2018, Ghana exported 100% of its oil production (172,893 barrels per day out of 173,236 produced).

History of Oil Consumption and Production