Fuel and mineral products accounted for about 30 percent of Ghana’s total imports in the second quarter of 2026, highlighting the country’s continued dependence on imported petroleum products and the pressure this places on the trade balance.
Data from the Ghana Statistical Service (GSS) shows that diesel, also known as gas oil, was Ghana’s largest single import during the period, with an import value of GH¢12.2 billion.
Super petrol also accounted for a significant portion of the country’s import bill, valued at GH¢8 billion during the quarter.
The figures underline the significant role petroleum products play in Ghana’s import structure and the country’s exposure to developments in international commodity and energy markets.
The GSS is therefore calling for increased local processing and value addition as part of measures to reduce Ghana’s dependence on imported products and strengthen the domestic economy.
According to the Service, expanding local processing could help retain more value within the Ghanaian economy while reducing the country’s exposure to external economic shocks, including fluctuations in global commodity prices.
The GSS is also advocating expanded market access for Ghanaian businesses, particularly through stronger implementation of the African Continental Free Trade Area, AfCFTA.
It says effective participation in the continental market would create opportunities for Ghanaian producers and exporters to expand beyond the domestic market, increase exports and improve the country’s trade position.
The Service has further recommended improvements in transport and border infrastructure to make it easier and more cost-effective for businesses to move goods and access regional markets.
It is also calling for better access to financing for exporters, noting that limited access to affordable funding can constrain the ability of Ghanaian businesses to increase production and compete in international markets.
The GSS says strengthening domestic production, processing capacity, export financing and market access would help Ghana reduce its vulnerability to external shocks while supporting export growth.
The recommendations come as Ghana continues to grapple with the high cost of importing petroleum products, making increased local processing and diversification of exports important components of efforts to strengthen the country’s trade position.
Story by Ama Frimpomaa