Ghana’s trade surplus hits ($2.058bn) – up 16%
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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
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