Oil reserves in Ghana
Ghana: Oil reserves was 104.93 million cubic meters in 2021. ◆ Volatile
Oil reserves in Ghana, 1980–2021
Source: U.S. Energy Information Administration (2022) – with major processing by Our World in Data. Measured in cubic meters.
Analysis
Ghana recorded 104.93 million cubic meters for oil reserves in 2021. That is the highest value across all 42 years on record.
The figure is unchanged over ten years.
Over the whole period, oil reserves in Ghana peaked at 104.93 million cubic meters in 2011 and was at its lowest, 79,494 cubic meters, in 1991.
That places Ghana 43rd out of 216 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Oil reserves in Ghana, year by year
| Year | cubic meters | Change |
|---|---|---|
| 1980 | 1.11 million cubic meters | — |
| 1981 | 1.00 million cubic meters | -10.0% |
| 1982 | 367,261 cubic meters | -63.3% |
| 1983 | 858,531 cubic meters | +133.8% |
| 1984 | 604,152 cubic meters | -29.6% |
| 1985 | 604,152 cubic meters | +0.0% |
| 1986 | 604,152 cubic meters | +0.0% |
| 1987 | 373,620 cubic meters | -38.2% |
| 1988 | 158,987 cubic meters | -57.4% |
| 1989 | 158,987 cubic meters | +0.0% |
| 1990 | 158,987 cubic meters | +0.0% |
| 1991 | 79,494 cubic meters | -50.0% |
| 1992 | 79,494 cubic meters | +0.0% |
| 1993 | 79,494 cubic meters | +0.0% |
| 1994 | 79,494 cubic meters | +0.0% |
| 1995 | 79,494 cubic meters | +0.0% |
| 1996 | 2.54 million cubic meters | +3100.0% |
| 1997 | 2.62 million cubic meters | +3.2% |
| 1998 | 2.62 million cubic meters | +0.0% |
| 1999 | 2.62 million cubic meters | +0.0% |
| 2000 | 2.62 million cubic meters | +0.0% |
| 2001 | 2.62 million cubic meters | +0.0% |
| 2002 | 2.62 million cubic meters | +0.0% |
| 2003 | 2.62 million cubic meters | +0.0% |
| 2004 | 2.62 million cubic meters | +0.0% |
| 2005 | 2.62 million cubic meters | +0.0% |
| 2006 | 2.62 million cubic meters | -0.1% |
| 2007 | 2.38 million cubic meters | -9.1% |
| 2008 | 2.38 million cubic meters | +0.0% |
| 2009 | 2.38 million cubic meters | +0.0% |
| 2010 | 2.38 million cubic meters | +0.0% |
| 2011 | 104.93 million cubic meters | +4300.0% |
| 2012 | 104.93 million cubic meters | +0.0% |
| 2013 | 104.93 million cubic meters | +0.0% |
| 2014 | 104.93 million cubic meters | +0.0% |
| 2015 | 104.93 million cubic meters | +0.0% |
| 2016 | 104.93 million cubic meters | +0.0% |
| 2017 | 104.93 million cubic meters | +0.0% |
| 2018 | 104.93 million cubic meters | +0.0% |
| 2019 | 104.93 million cubic meters | +0.0% |
| 2020 | 104.93 million cubic meters | +0.0% |
| 2021 | 104.93 million cubic meters | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 584,437 cubic meters | 158,987 cubic meters | 1.11 million cubic meters | 10 |
| 1990s | 1.10 million cubic meters | 79,494 cubic meters | 2.62 million cubic meters | 10 |
| 2000s | 2.55 million cubic meters | 2.38 million cubic meters | 2.62 million cubic meters | 10 |
| 2010s | 94.68 million cubic meters | 2.38 million cubic meters | 104.93 million cubic meters | 10 |
| 2020s | 104.93 million cubic meters | 104.93 million cubic meters | 104.93 million cubic meters | 2 |
Countries ranked near Ghana
- 40 Brunei 174.89 million cubic meters compare
- 40 Equatorial Guinea 174.89 million cubic meters compare
- 42 Peru 136.55 million cubic meters compare
- 44 Romania 95.39 million cubic meters compare
- 44 Turkmenistan 95.39 million cubic meters compare
- 46 Uzbekistan 94.44 million cubic meters compare
More energy & mining data for Ghana
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate 5.27 % change on previous year (2024)
- Coal consumption, per capita 0 terawatt-hours per person (2024)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0 terawatt-hours per person (2024)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 32.1% (2023)
Frequently asked questions
- What is oil reserves in Ghana?
- Oil reserves in Ghana was 104.93 million cubic meters in 2021, according to U.S. Energy Information Administration (2022) – with major processing by Our World in Data.
- What is the highest oil reserves recorded in Ghana?
- The highest recorded value was 104.93 million cubic meters in 2011.
- What is the lowest oil reserves recorded in Ghana?
- The lowest recorded value was 79,494 cubic meters in 1991.
- How does Ghana rank for oil reserves?
- Ghana ranks 43rd out of 216 countries with data for 2021.
- Is oil reserves rising or falling in Ghana?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from U.S. Energy Information Administration (2022) – with major processing by Our World in Data, published as part of Oil reserves. Statizoid updates them automatically from the source API.
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About this data
Proved reserves, measured in cubic meters, are generally those quantities that can be recovered in the future from known reservoirs under existing economic and operating conditions, according to geological and engineering information. Includes crude oil and lease condensate.