trade surplus

Ghana Achieves GH₵3.9Bn Trade Surplus In Months Of 2024 – GSS
05 Dec

Ghana Achieves GH₵3.9Bn Trade Surplus In Months Of 2024 – GSS

Wontumi10 CommentsBusiness,
Ghana recorded a trade surplus of GH₵3.9 billion in the months of 2024, the Ghana Statistical Service (GSS) has stated. According to the GSS, exports in the third quarter of 2024 amounted to GH₵74.8 billion, while imports totalled GH₵70.9 billion. This marked a significant improvement, with a turnaround of a trade deficit of GH₵2.3 billion in quarter 3 2023 to a surplus of GH₵3.9 billion in Q3 2024. In US dollar terms, the total trade amounted to US$9.6 billion, consisting of US$4.9 billion in exports and US$4.7 billion in imports. Gold Bullion Is Top Exporter Gold bullion, valued at GH₵46.5…
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Ghana Achieves GH¢11.5Bn Trade Surplus In Q1 2024
31 May

Ghana Achieves GH¢11.5Bn Trade Surplus In Q1 2024

Wontumi1Business
Ghana achieved a notable trade surplus of GH¢11.5 billion in the first quarter of 2024, buoyed by a 20.4% increase in the average prices of export commodities compared to Q1 2023, according to a recent report by the Ghana Statistical Service (GSS). This surge indicates a promising economic trend for the nation. In Q1 2024, exports totaled GH¢59.5 billion, while imports stood at GH¢48.1 billion, resulting in the substantial trade surplus. Gold bullion emerged as the leading export product, valued at GH¢29.7 billion, more than twice the value of crude petroleum, the second-highest export at GH¢12.2 billion. The top five…
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Ghana’s Gross Reserves Stood At 1.0 Month Of Import Cover In August 2023; Trade Surplus Hits $2.016Bn – BoG
25 Sep

Ghana’s Gross Reserves Stood At 1.0 Month Of Import Cover In August 2023; Trade Surplus Hits $2.016Bn – BoG

Wontumi1Business, ,
Ghana Gross International Reserves (GIR) excluding Encumbered Assets and Petroleum Fund stood at $2.08 billion in August 2023, about 1.0 month of import cover. According to the Bank of Ghana’s September 2023 Summary of Economic and Financial Data, the reserves grew from $1.406 billion (0.7 months of import cover) in April 2023 to $2.162 billion (1.0 month of import cover) in May 2023 and $2.235 billion in June 2023 (1.0 month of import cover) respectively. It stood at $2.239 billion (1.0 month of import cover) in July 2023 and $2.089 billion (1.0 month of import cover) in August 2023 correspondingly.…
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1H-2023: Ghana Bags US$1.8 Billion In Trade Surplus
26 Jul

1H-2023: Ghana Bags US$1.8 Billion In Trade Surplus

Wontumi2Business
In the first six months of 2023, Ghana's trade balance improved "significantly" to a surplus of US$1.8 billion, compared with US$1.5 billion a year earlier, mainly on account of a 13.4 per cent decline in imports which outweighed a 7.9 per cent drop in export earnings, the central bank has reported. The decline in total export earnings was due to lower earnings from crude oil, Governor Ernest Addison told journalists in Accra on Monday, 24 July 2023 after the last monetary policy committee meeting. He said "higher gold and cocoa exports earnings moderated the losses". "Crude oil exports dropped by…
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