The Tano Basin in Ghana, situated within the South Atlantic margin, is a significant area for petroleum exploration. Previous studies have recognized the presence of source rocks rich in organic matter from the Cretaceous period in this basin. However, the specific origins of this organic matter, as well as the thermal maturity and depositional environment of the Cretaceous source strata, are not well characterized in existing literature. Here, geochemical data are reported on the bulk geochemical composition of 45 Maastrichtian to Albian-aged rock cuttings via pyrolysis and total organic carbon (TOC) analysis. Out of these samples, 29 were selected for further biomarker and stable carbon isotope (δ13C) analysis. The biomarker and isotopic signatures of the 29 rock extracts and 6 crude oils from the basin's productive Jubilee and TEN oil fields were compared to establish oil-oil and oil-source correlations. The Cenomanian and Turonian source rocks showed the greatest oil generation potential based on current bulk geochemical analysis. These rocks are dominated by oil-prone organic matter and are at a more favorable maturity stage compared to the Maastrichtian, Santonian, and Coniacian (M-S-C) rock suites. In contrast, the Albian rock samples, characterized by mixed Type II/III and Type III kerogen, and their high thermal maturity, indicate a high potential for the generation of gaseous hydrocarbons. The biomarker and isotope data from the Cenomanian, Turonian, and Albian (T-C-A) source rocks suggest that they were deposited in a Transitional Marine-Lacustrine environment characterized by reducing redox conditions. This environment effectively preserved organic matter from diverse sources such as bacteria, algae, and higher plants. Furthermore, biomarker ratios indicated that the T-C-A source rocks are in the early-peak mature window. On the other hand, the M-S-C source rocks appear to have been deposited under suboxic conditions in a Coastal Marine environment. Lower aquatic organisms dominate these rocks, which have an immature to marginally mature level. The analysis of lower molecular weight hydrocarbons (≤C20), characterized by an unresolved complex mixture, did not reveal any obvious correlation between the oils and the Cretaceous source rocks. However, the analysis of higher molecular weight hydrocarbons (≥C20) and isotopic ratios indicated that the commercial discoveries in the Jubilee and TEN fields share a genetic similarity and are primarily sourced from the T-C-A source rocks. Furthermore, the molecular and isotopic characteristics suggest that the M-S-C source rocks do not appear to have contributed to the oils found in the Jubilee and TEN fields. These new geochemical findings shed light on the paleoenvironmental conditions and source rock characteristics of the region, significantly contributing to our understanding of the petroleum evolution and potential of the Tano Basin.