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Is there oil in Ghana?

The estate agent points over the horizon: "It's out there: oil, oil, oil." Ghana made its first big oil find off the coast from Takoradi in 2007, and turned on the taps late last year. The discovery may not be on the same scale as the African oil giants, Nigeria and Angola.

Do I need a subscription to access the oil market in Ghana?

A paid subscription is required for full access. As of May 2023 the crude oil production capacity in Ghana stood at 173 thousand barrels per day, which was a decrease from the preceding month.

How much crude oil can be produced in Ghana?

As of May 2023 the crude oil production capacity in Ghana stood at 173 thousand barrels per day, which was a decrease from the preceding month. From January 2021, the volume of crude oil that can be produced in Ghana followed an upward trend, until December 2022, when it started to follow a downward trend.

How much money does Ghana get from oil exports?

From oil export transactions made between entities in Ghana and the rest of the world, Ghana obtained 836.2 million U.S. dollars in the first quarter of 2021. The Balance of Payments on oil exports had stood at 784.6 million U.S. dollars in the third quarter of the previous year.