Ghana’s trade surplus hits ($2.058bn) – up 16%
Business
Money, oil barrel and gold bars
Ghana's trade surplus has increased by 16%, reaching $2.058 billion, according to the latest data from the Bank of Ghana (BoG).
The trade balance grew by $310 million between July and October, representing a 2.7% share of the Gross Domestic Product (GDP).
The year-on-year analysis indicates a 10 percentage point increase from October 2022.
Total exports, currently at $13.45 billion, saw a 6.5% drop compared to October 2022.
Gold remains the leading contributor to exports, followed by crude oil and cocoa.
The balance of payments remained negative, with a deficit of $617.0 million as of September 30.
Source: classfmonline.com
Trending News
Nathaniel Jonah: Community Relations Specialist calls for responsible gold mining practices in Ghana
12:57
V/R: Water tankers to supply water to hospitals and critical institutions – Minister
22:53
8 distinguished personalities receive 2025 Africa Prosperity Champions Awards
22:16
Attorney-General urges Constitutional Review Committee to work diligently
08:28
Pooley’s death: Police arrest female suspect
12:19
Ministry of Education clarifies position on Teacher Trainee Allowance
20:28
Volta Regional Minister Seeks media support for regional transformation
12:36
Comoros President Azali Assoumani in Ghana for Africa Prosperity Dialogue 2025
08:17
Ousted SIC boss sues Acting MD over dismissal
10:55
Appointments Committee chaos: Speaker Bagbin lifts suspension of 4 MPs
17:50
