Exports

Switzerland, China Two Other Countries Account For Half Of All Exports From Ghana
16 Aug

Switzerland, China Two Other Countries Account For Half Of All Exports From Ghana

wontumionlineBusiness, ,
Findings from the Ghana Statistical Service’s 2022 Trade Vulnerability Report indicate that four countries, account for over half of all exports while six countries are the source of about half of all imports. The countries are Switzerland, China, Canada and South Africa. The report further indicated that over two-thirds of all exports come from only two specific products, gold bullion and crude petroleum oil. Imports on the other hands have about 126 commodities contributing to two-thirds of all imports. Professor Samuel Kobina Annim, the Government Statistician, presenting the report’s findings, said the data serves as a valuable tool for policymakers,…
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Ghana’s Gross Reserves Fall To 2.9 Months Of Import Cover In September 2022
07 Oct

Ghana’s Gross Reserves Fall To 2.9 Months Of Import Cover In September 2022

wontumionlineBusiness, , , ,
Ghana’s Gross International Reserves fell to $6.6 billion, equivalent to 2.9 months of import cover for goods and services in September 2022, data from the Bank of Ghana has revealed. This is compared with the December 2021 position of $9.7 billion, equivalent to 4.3 months of import cover. However, net International Reserves, which exclude encumbered assets and petroleum funds, is estimated at US$2.7 billion as at September 2022. Trade surplus hits $1.7bn Meanwhile, Ghana recorded a trade surplus of $1.7 billion dollars in the eight months of this year. This far exceeds the surplus of $892.4 million dollars recorded in…
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