Ghana’s gold exports surged to $11.2 billion in August 2025, marking the highest monthly figure in recent years and contributing significantly to the country’s growing trade surplus, according to Bank of Ghana data.
Gold continues to dominate Ghana’s export sector, accounting for more than 60% of total exports. In August, total exports reached $17.99 billion, outpacing imports of $11.80 billion, and pushing the trade surplus to $6.19 billion, equivalent to 7.1% of GDP.
The increase reflects higher global gold prices and sustained domestic production. Compared with $3.73 billion in March 2025, gold exports have nearly tripled over the first eight months of the year, highlighting the sector’s strong performance.
Rising gold export earnings also strengthen Ghana’s foreign exchange reserves, support the cedi, and provide resources for imports and economic activities. Beyond its macroeconomic impact, gold exports remain critical for employment in mining regions.
Alongside gold, other commodities such as cocoa and crude oil contributed to export growth, but gold remains the backbone of Ghana’s external earnings.
