Ghana: oil contribution to GDP 2014-2027

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In 2023, the oil and gas sector was projected to add 10.25 billion Ghanaian cedis (GHS), around 855.3 million U.S. dollars, to Gross Domestic Product (GDP) in Ghana. The value was measured at 11.62 billion GHS (roughly 969.4 million U.S. dollars) in 2021. Furthermore, the industry was expected to account for 13.52 billion GHS (around 1.13 billion U.S. dollars) of the country's GDP by 2027, the highest contribution within the period observed.

Contribution of the oil and gas sector to Gross Domestic Product (GDP) in Ghana from 2014 to 2027 (in billion Ghanaian cedis)

Characteristic	GDP in billion Ghanaian cedis
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Release date

November 2023

More information

Region

Ghana

Survey time period

2014 to 2027

Special properties

GDP at constant 2013 prices

Supplementary notes

* Provisional.
Data from 2022 are projections.
Figures are taken from several publications and rounded.

The currency conversion rate was as of 23.11.2023.

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