Annual oil income as a share of GDP 2019-2022

Published by
Doris Dokua Sasu,
Feb 7, 2023
As of the second quarter of 2022, government of Ghana revenue from oil represented one percent of its GDP. In the full year 2021, the share reached 0.9 percent, decreasing from the one percent registered in 2019. Ghana's income from oil amounted to around 4.1 billion GHS in 2021, roughly 335 million U.S. dollars.

Oil revenue as a share of gross domestic product (GDP) in Ghana from 2019 to 2022

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Release date

December 2022

Region

Ghana

Survey time period

2019 to 2022*

Supplementary notes

* As of Q1-Q2.
Figures are provisional and have been rounded.

The currency conversion rate was as of 07.02.2023.

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Statistics on " Oil industry in Ghana "

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Statistics on Oil industry in Ghana

Overall production and reserves

5

Economic contribution

7

Oil field production

5

Prices

5

Overall consumption and supply

7

Consumption by sector

4

Exports

4

Imports

6

Further related statistics

21

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Topics

Oil industry in GhanaOil industry worldwideOil industry in NigeriaOil and natural gas industry in AfricaOil industry in Algeria
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