The latest data from the Ghana Statistical Service indicates that Ghana recorded a trade surplus of GH¢5.4 billion in the second quarter of 2024.
In Q2 2024, Ghana’s total trade value was GH¢123.0 billion, with exports totalling GH¢64.2 billion and imports totalling GH¢58.8 billion.
The country recorded a trade surplus of GH¢5.4 billion, marking a substantial reversal from a deficit of GH¢3.1 billion recorded in the same period in 2023. In US dollar terms, the total trade amounted to $9.0 billion.
Although this marks a significant development for the country’s economy, this however represents a decline compared to the trade surplus of GH¢11.5 billion in the first quarter of 2024.
Gold also led Ghana’s exports with a value of GH¢37.0 billion, accounting for 57.6 percent of total exports. Other major exports included crude petroleum which accounted for GH¢12.6 billion and cashew nuts at GH¢1.2 billion.
For the second quarter of 2024 specifically, a total of GH¢64.2 billion worth of goods were exported, while GH¢58.8 billion worth of goods were imported.
