As of July 21, 2025, the price of gasoline in Ghana stood at ***** Ghanaian cedis (GHS) per liter, corresponding to around **** U.S. dollars. The price of gasoline increased compared to the prices in the preceding weeks. Increasing petroleum consumption In December 2024, about ******* metric tons of gasoline were consumed in Ghana, which represented an increase in consumption compared to the same period in preceding year. Furthermore, in 2024, over *** million metric tons of petroleum products were consumed in the country, of which around ******* metric tons were Liquefied petroleum gas (LPG) - Butane. Ghana’s oil production and trade According to latest data form 2020, ******* barrels of crude oil per day were produced in Ghana. In 2023, at the company level, Ghana Oil Company Limited (GOIL), one of the leading petroleum product marketing companies in Ghana, accumulated revenue from sales amounting to **** billion Ghanaian cedis (GHS), roughly ***** million U.S. dollars. Comparatively, in the same year, Total Petroleum Ghana, also a major petroleum company in the country, registered a revenue that amounted to slightly over *** billion GHS, some *** billion U.S. dollars.

In 2023, after two years of growth, there was significant decline in shipments abroad of crude palm oil, when their volume decreased by -6.2% to 34K tons.

As of July 21, 2025, the price of diesel fuel in Ghana stood at ***** Ghanaian cedis (GHS) per liter, equivalent to roughy **** U.S. dollars. The value increased compared to the preceding weeks. Generally, diesel prices in the country have risen significantly in comparison to 2020 and 2021.

In 2024, the Ghanian crude oil market decreased by -71.1% to $258M for the first time since 2020, thus ending a three-year rising trend. In general, consumption, however, saw a strong increase. Crude oil consumption peaked at $892M in 2023, and then dropped markedly in the following year.

China Import Price: Crude Oil: Africa: Ghana data was reported at 576.345 USD/Ton in Mar 2025. This records a decrease from the previous number of 621.420 USD/Ton for Feb 2025. China Import Price: Crude Oil: Africa: Ghana data is updated monthly, averaging 513.042 USD/Ton from Sep 2011 (Median) to Mar 2025, with 122 observations. The data reached an all-time high of 962.918 USD/Ton in Jul 2022 and a record low of 185.176 USD/Ton in May 2020. China Import Price: Crude Oil: Africa: Ghana data remains active status in CEIC and is reported by CEIC Data. The data is categorized under China Premium Database’s Price – Table CN.PH: Crude Oil Import and Export Price.

In 2023, approx. 95 tons of olive oil and its fractions were imported into Ghana; reducing by -68.8% against 2022 figures.

In 2023, exports of crude petroleum oil from Ghana dropped to 6.4M tons, reducing by -8.3% compared with 2022 figures.

For the third year in a row, the Ghanian palm oil market recorded decline in sales value, which decreased by -11.9% to $293M in 2024. Overall, consumption, however, posted a tangible increase. As a result, consumption attained the peak level of $548M. From 2022 to 2024, the growth of the market failed to regain momentum.

Birth rate, crude (per 1,000 people) in Ghana was reported at 26.31 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Birth rate, crude - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Death rate, crude (per 1,000 people) in Ghana was reported at 7.04 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Ghana - Death rate, crude - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In 2024, the Ghanian olive oil market increased by 157% to $821K for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption saw a significant increase. As a result, consumption reached the peak level of $1.1M. From 2022 to 2024, the growth of the market remained at a somewhat lower figure.

This dataset provides values for GASOLINE PRICES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The West African Oil & Gas Upstream market, encompassing Nigeria, Ghana, Ivory Coast, Senegal, and the Rest of West Africa, exhibits robust growth potential, driven by increasing energy demand, significant untapped reserves, and ongoing exploration activities. The market's compound annual growth rate (CAGR) exceeding 6.50% from 2025 to 2033 signifies a substantial expansion. Key drivers include substantial investments in new oil and gas projects, government incentives to boost domestic production, and the strategic importance of the region as a global energy supplier. However, challenges remain, such as volatile oil prices, regulatory hurdles, and the growing emphasis on transitioning to renewable energy sources. The market is segmented geographically, with Nigeria, boasting the largest reserves and production capacity, dominating the market share. Ghana, Ivory Coast, and Senegal are witnessing significant growth due to discoveries and increasing investment. Major players, including Shell, TotalEnergies, Eni, ExxonMobil, and national oil companies, are actively engaged in exploration, production, and infrastructure development within the region, shaping the market's competitive landscape. The onshore segment currently holds a larger share compared to offshore, although offshore exploration and production are gaining momentum due to technological advancements and the discovery of substantial deepwater reserves. The market's future growth trajectory will depend on successful exploration, the effective management of geopolitical factors, and the overall global energy landscape. A continued focus on optimizing production efficiency and mitigating environmental impact will be crucial for sustainable market expansion. The substantial investment in exploration and infrastructure development underscores the commitment to increasing production capacity. The presence of major international oil companies (IOCs) and national oil companies (NOCs) contributes to the robust competitiveness of the West African oil and gas upstream market. While the transition to renewable energy presents challenges, the high demand for oil and gas in both domestic and international markets ensures continued growth in the foreseeable future. The market’s success will rely on adapting to fluctuating oil prices, navigating regulatory frameworks, and addressing environmental concerns effectively. Technological advancements in offshore exploration and production are expected to further unlock the region's untapped potential. Recent developments include: July 2022: Tullow Energy announced that the company was finalizing the development concept for its Tweneboa-Enyenra-Ntomme (TEN) field offshore Ghana. The development concept aims to tap 750 million barrels of oil., July 2022: TotalEnergies SE started production from the Ikike field in Nigeria, which is expected to deliver peak production of 50,000 barrels of oil equivalent per day by the end of 2022.. Notable trends are: The Offshore Segment is Expected to be the Fastest-growing Segment.

In 2023, overseas purchases of crude maize (corn) oil were finally on the rise to reach 837 kg for the first time since 2020, thus ending a two-year declining trend.

In 2021, the inflation rate in Ghana amounted to about 9.98 percent compared to the previous year. Ghana’s inflation peaked at almost 17.5 percent in 2016 and is predicted to decrease to 8 percent by 2030. Steady is best for inflationAccording to economists, a steady inflation rate between two and three percent is desirable to achieve a stable economy in a country. Inflation is the increase in the price level of consumer goods and services over a certain time period. A high inflation rate is often caused by excessive money supply and can turn into hyperinflation, i.e. if inflation occurs too quickly and rapidly, it can devalue currency and cause a recession and even economic collapse. This scenario is currently taking place in Venezuela , for example. The opposite of inflation, the decrease in the price level of goods and services below zero percent, is called deflation. While hyperinflation devalues money, deflation usually increases its value. Both events can damage an economy severely. Is Ghana’s economy at risk?Ghana’s economy is considered quite stable and fast-growing, and is rich in oil, diamonds, and gold. After struggling in the years around 2015 due to increased government spending and plummeting oil prices, it is now on an upswing again. This is also reflected in the decreasing inflation rate, and other key indicators like unemployment and rapid GDP growth support this theory. However, Ghana’s government debt is still struggling with the consequences of the 2015 crisis and forecast to keep skyrocketing during the next few years.

The West African Platform Supply Vessel (PSV) market, encompassing Nigeria, Senegal, Ghana, and the Rest of West Africa, presents a dynamic landscape characterized by moderate yet consistent growth. Driven by increasing offshore oil and gas exploration and production activities, coupled with the development of renewable energy projects requiring specialized vessel support, the market is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 1.50% from 2025 to 2033. This growth is further fueled by government initiatives promoting energy security and infrastructure development across the region. However, market expansion faces certain restraints, including fluctuating oil prices, the need for enhanced regulatory frameworks, and the potential impact of geopolitical instability in certain areas. The market's segmentation reveals Nigeria as the largest contributor, reflecting its established oil and gas sector. Senegal and Ghana are also key players, benefiting from significant investments in their respective energy industries. The presence of established players like Team Offshore Nigeria Limited, Petromarine Nigeria Limited, and Aquashield Oil & Marine Services Limited, alongside international entrants, indicates a competitive yet evolving market structure. The historical period (2019-2024) likely saw varying growth rates depending on global oil prices and regional political climates, but a generally upward trend is expected, considering the long-term investments in offshore energy infrastructure. To illustrate, let's assume a 2025 market size of $200 million (based on a reasonable estimation for a regional PSV market of this nature). With a CAGR of 1.5%, this implies a steady, albeit incremental, increase in market value over the forecast period. This sustained growth indicates opportunities for established players to expand operations and for new entrants to capitalize on the market’s expanding needs. However, strategic planning is crucial for companies operating in this environment, considering the inherent risks associated with energy market volatility and regional geopolitical factors. Understanding the specific regulatory landscapes and market dynamics within each West African nation will be critical to long-term success. Recent developments include: In September 2021, Norwegian offshore vessel owner Solstad Offshore secured contracts for seven platform supply vessels in West Africa. The total firm duration of the contracts is approximately 1,000 vessel days, starting from the fourth quarter of 2021.. Notable trends are: Upcoming Upstream Activities are Likely to Drive the Market.

In 2023, the amount of crude rape, colza or mustard oil imported into Ghana surged to 23 tons, growing by 799% compared with 2022 figures.

West Africa had a total supply of ** offshore oil and gas rigs in the week of June 13, 2025. Of these, the marketed supply was ** rigs. The utilization rate of marketed offshore rigs in the region was ** percent that month.

In 2023, crude soybean oil imports into Ghana fell rapidly to 562 kg, reducing by -38.6% against 2022 figures.

Cocoa fell to 8,211.11 USD/T on August 1, 2025, down 3.47% from the previous day. Over the past month, Cocoa's price has fallen 0.17%, but it is still 9.00% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Cocoa - values, historical data, forecasts and news - updated on August of 2025.