Ghana’s two dedicated petroleum funds; the Ghana Stabilisation Fund, and the Ghana Heritage Fund, collectively recorded a book value of US$1,424,530,233.56 as of June 30, 2025.
The semi-annual report for the first half of the year, covering January 1 to June 30, and published by the Bank of Ghana (BoG), said the figure indicates a sustained growth in the country’s petroleum savings vehicles.
The Ghana Heritage Fund (GHF), established to provide an endowment for future generations, reported a Closing Book Value of US$1,361,556,511.17 at the end of the period.
​It commenced the year with an Opening Book Value of US$1,258,860,023.12 and saw Receipt during the period, totalling US$19,057,851.20.
Its Net Return was calculated at US$23,918,736.85, derived primarily from Investment Income of US$23,942,965.36, after deducting Bank Charges of US$24,228.51.
​There were no withdrawals from the Heritage Fund during the review period, in line with the Petroleum Revenue Management Act (PRMA).
​The Ghana Stabilisation Fund (GSF), which serves as a buffer to support the national budget during periods of low oil revenues, closed the period with a Book Value of US$122,974,616.89.
​The GSF’s financial performance began with an Opening Book Value of US$196,915,182.98 and registered a Receipt during the period of US$44,468,319.46.
