Ghana posted a significant trade surplus of US$5.57 billion in the first six months of 2025, which represents a 307.4% increase compared to the US$1.367 billion recorded during the same period in 2024.

The trade surplus is the amount by which the value of a country's exports exceeds the value of its imports.

According to the Bank of Ghana’s latest data, total exports for the first half of the year reached US$13.79 billion, while imports stood at US$8.225 billion as of June 2025.

The strong surplus was largely driven by booming gold exports, which brought in US$8.38 billion, supported by high global gold prices. Cocoa exports followed, generating US$2.167 billion during the period.

Additionally, crude oil exports were also notable, bringing in US$1.364 billion, while non-traditional exports, including processed foods, horticultural products, and crafts accounted for US$1.87 billion.

According to the BoG data, the country's gross international reserves stood at US$11.12 billion as of June 2025, providing about 4.8 months of import cover, while net international reserves stood at US$8.88 billion.

On the external accounts front, Ghana recorded a current account surplus of US$3.34 billion. The financial account was however estimated at US$1.596 billion, reflecting improved capital flows and external financing conditions.

MA