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
Ex-footballer says he was wrongfully jailed after ‘hook-up’ encounter; claims police freed key suspect after allegedly taking bribe
12:38
Mahama to receive landmark Constitutional Review report on December 22
12:38
Forestry Commission hosts students from Finland and UCC
13:15
Former PNC flagbearer urges NDC to step aside in Kpandai rerun
12:49
Ghana, Qatar begin full implementation of labour mobility agreement
13:48
NDC Legal Director expresses concern over confusion surrounding Daddy Lumba’s funeral
12:20
Energy Minister bags PhD in Development Finance from University of Stellenbosch
12:28
CCAL proposes Atewa centenary and green festival to Okyenhene
13:06
Ghanaians happy with NDC’s first-year performance — Party communicator claims
12:38
Solomon Owusu claims NPP is seeing defeat in Kpandai re-run
13:28
