Gold, crude Oil, and cocoa propel Ghana to GH₵44.7 billion trade surplus in 2024

Ghana’s export sector achieved impressive growth in 2024, recording total exports of GH₵294.9 billion, far surpassing imports of GH₵250.2 billion. This led to a trade surplus of GH₵44.7 billion, according to the latest Ghana Statistical Service (GSS) Trade Report.

Gold, crude oil, and cocoa remained Ghana’s leading export earners, contributing 78.2% of total export revenue. Gold bullion topped the list, generating GH₵162.99 billion (55.3% of total exports). Crude petroleum oils followed with GH₵52.58 billion (17.8%), while cocoa beans and cocoa paste brought in GH₵21.55 billion (8.4%).

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Other notable exports included manganese ores (GH₵3.43 billion), natural cocoa butter (GH₵3.18 billion), and cashew nuts (GH₵2.65 billion).

The robust export performance reflects Ghana’s strong commodities market and reinforces optimism about the country’s economic prospects, driven by sustained global demand for these key exports.

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