Weekly price of petrol in Ghana 2020-2024
As of November 11, 2024, the price of gasoline in Ghana stood at 15.59 Ghanaian cedis (GHS) per liter, corresponding to 0.95 U.S. dollar. The price of gasoline increased by 10 cents compared to the prices in October of the same year.
Increasing petroleum consumption
In November 2023, about 155.000 metric tons of gasoline were consumed in Ghana, which represented an increase in consumption compared to the preceding month. Furthermore, in 2022, over 4.2 million metric tons of petroleum products were consumed in the country, of which around 1.6 million metric tons were Automotive Gas Oil (AGO).
Ghana’s oil production and trade
In 2020, 173 thousand barrels of crude oil per day were produced in Ghana. In 2022, 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 12.44 billion Ghanaian cedis (GHS), roughly 1.03 billion 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 4.63 billion GHS, some 385.8 million U.S. dollars.
