Ghana’s export sector witnessed significant growth in 2024, with total exports reaching GH₵294.9 billion, surpassing imports of GH₵250.2 billion and resulting in a trade surplus of GH₵44.7 billion, according to the Ghana Statistical Service (GSS) Trade Report.
The report highlights that three key commodities—gold, petroleum, and cocoa—were the primary drivers of the country’s export earnings, contributing 78.2 percent of total revenue. The strong performance of these sectors underscores their critical role in Ghana’s economy and trade balance.
The surplus marks a positive shift in Ghana’s trade position, reflecting increased export activity and a relatively lower import bill. Economic analysts suggest that sustaining this trend will require continued investment in the country’s key export industries and efforts to diversify the economy.
Breakdown of Ghana’s top 10 exports in 2024
- Gold bullion – GH₵162.99 billion (55.3%)
- Crude petroleum oils – GH₵52.58 billion (17.8%)
- Cocoa beans (superior quality raw beans) – GH₵14.95 billion (5.1%)
- Cocoa paste (not defatted) – GH₵6.60 billion (2.2%)
- Manganese ores and concentrates – GH₵3.43 billion (1.2%)
- Natural cocoa butter – GH₵3.18 billion (1.1%)
- Cashew nuts (in shell) – GH₵2.65 billion (0.9%)
- Tuna, skipjack, and Atlantic bonito (prepared or preserved, not minced) – GH₵2.23 billion (0.8%)
- Iron/Steel (h/r, irregular coils, not further forged) – GH₵1.93 billion (0.7%)
- Shea (karite) oil and fractions, crude – GH₵1.93 billion (0.7%)
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