Ghana’s gold export earnings glittered in the fourth quarter of 2025, surging to around $21 billion, a striking 58% jump from $13.3 billion in Q3, underscoring the metal’s enduring dominance in the country’s export economy.
Earnings from cocoa added a rich complement, rising to roughly $3.9 billion, up 51% quarter-on-quarter, while oil export receipts contributed about $2.6 billion, climbing 34% over Q3.
Revenues from other goods, including timber, industrial inputs, and agricultural products, together fetched approximately $3.6 billion, up 32%, reflecting broad-based strength across Ghana’s commodity mix.
The quarter’s surge pushed total export earnings to around $31.1 billion, a 52% increase from $20.5 billion in the previous quarter, helping widen the trade surplus to roughly $13.7 billion.
Gold may be the headline act, but cocoa, oil, and other exports are proving they can hold their own, forming a resilient supporting cast.
Over the course of 2025, gold export earnings climbed steadily from just over $2 billion in Q1, with cocoa and oil following similar upward arcs, creating a year of sustained momentum.
The strong Q4 2025 export performance sets an encouraging tone for 2026. With gold leading the way and cocoa, oil, and other commodities contributing steadily, Ghana’s external sector enters the new year on a solid footing, providing momentum for foreign exchange inflows and trade stability in the months ahead.
