Ghana’s current account reached a surplus of US$3.8 billion in the first nine months of 2025, a significant improvement from US$553.6 million in the same period of 2024.
This growth was driven by a trade surplus of US$7.5 billion, supported largely by increased gold and cocoa exports. Private inward transfers remained strong at US$6.0 billion by the end of the third quarter.
The Bank of Ghana reported that the current account surplus, along with favourable capital and financial account balances, led to an overall balance of payment surplus of US$1.8 billion. This contributed to a buildup in reserve assets to US$11.4 billion by October 2025, equivalent to 4.8 months of import cover, with projections indicating further reserve growth by year-end.
The Central Bank emphasized that these reserve accumulation efforts have helped strengthen the Ghanaian cedi, which is appreciated by 32.2% against the US dollar in the year leading up to November 21, 2025.
The improved external position and currency strength reflect the positive impact of export performance, particularly in gold and cocoa sectors, and stable financial inflows supporting Ghana’s external sector stability.
Story by: Mercy Addai Turkson #ahotoronline.com