NPA surplus jumps 76% to GH¢447million as revenue surges in 2025
The National Petroleum Authority (NPA), under the leadership of the Chief Executive Officer (CEO), Godwin Edudzi Tameklo has recorded a strong improvement in its financial performance in 2025, with total revenue increasing by 43.09% to GH¢819.50 million from GH¢572.71 million in 2024.
The growth in revenue was accompanied by a substantial rise in the Authority’s surplus, which increased by 75.89% to GH¢447.19 million, compared with GH¢254.24 million recorded a year earlier.
The figures, contained in the 2025 State Ownership Report, reflect stronger revenue mobilisation and improved returns from the NPA’s financial investments.
Internally Generated Funds (IGF) remained a major contributor to the Authority’s performance, rising by 38.40% from GH¢431 million in 2024 to GH¢596.50 million in 2025.
Finance income recorded the most significant growth among the NPA’s revenue streams, surging by 332.11% from GH¢17.35 million to GH¢74.99 million.
The report attributed the increase to improved returns on investments and treasury management activities, indicating that investment income played a growing role in boosting the Authority’s financial position.
Other income also increased during the period, rising by 19.22% from GH¢127.29 million in 2024 to GH¢151.76 million in 2025.
Although the NPA’s expenditure increased, the pace of growth was considerably lower than that of revenue.
Administrative expenses rose by 17.61% to GH¢354.86 million in 2025, from GH¢301.73 million the previous year, reflecting the expanded scope of the Authority’s regulatory, administrative and institutional activities.
Operating expenses increased by 4.15%, from GH¢16.30 million to GH¢17.32 million, while finance costs edged up by 22.25%, from GH¢0.11 million to GH¢0.13 million.
The stronger growth in revenue compared with expenditure ultimately widened the Authority’s surplus, resulting in the 75.89% increase to GH¢447.19 million.
The 2025 performance underscores the NPA’s strengthened revenue-generating capacity, while the significant growth in finance income highlights the increasing contribution of investment and treasury management activities to its overall financial performance.