Ghana’s total exports rose sharply to $9.3 billion as of April 2025, up from $5.8 billion recorded in the same period in 2024, the Bank of Ghana’s Summary of Economic and Financial Data says.
The surge was largely driven by strong performances in gold and cocoa exports. Gold exports hit $5.24 billion, accounting for 56% of total exports, almost double the $2.97 billion recorded in April 2024.
Cocoa exports also saw a significant increase to $1.84 billion (19.7% of total exports), compared to $576 million during the same period last year.
However, oil exports declined to $972 million, representing 10.4% of total exports, down from $1.28 billion in April 2024.
On the import side, Ghana recorded $5.19 billion in total imports as of April 2025, a marginal increase from $5.05 billion a year earlier. Oil imports stood at $1.68 billion, up from $1.58 billion, making up 18% of the total.
As a result of the export growth, Ghana’s trade surplus climbed to $4.1 billion, representing 4.7% of GDP, a significant rise from the $759 million (0.9% of GDP) surplus recorded in April 2024.
