30
Jan
Ghana’s trade balance declined marginally at the end of last year on the back of developments in the prices of the major export commodities, together with lower production levels in cocoa and crude oil, the Bank of Ghana has reported. The country’s trade account recorded a surplus of US$2.63 billion for 2023, lower than a surplus of US$2.87 billion recorded in 2022. “This decline in the trade surplus was attributed to a greater decline in export earnings relative to imports,” Governor of the central bank, Dr Ernest Addison, said yesterday at the end of the Monetary Policy Committee (MPC) meeting…