Accra, Feb. 23, – Ghana achieved a trade surplus of US$13.66 billion in 2025, up from US$9.88 billion in 2024, according to the latest Monetary Policy Report by the Bank of Ghana.
The strong surplus was mainly supported by higher export earnings from gold and cocoa.
Total export receipts reached US$31.11 billion by December 2025, compared with US$19.16 billion in the same period of 2024.
Gold remained the leading export earner, with receipts soaring to US$20.98 billion from US$10.31 billion the previous year. The increase was driven by both larger export volumes and higher international prices. Export volumes rose by 35.7 percent to 6.17 million fine ounces, while the average price per ounce climbed 49.9 percent to US$3,400.35, reflecting global economic uncertainties.
Cocoa exports, encompassing beans and processed products, also recorded impressive gains, generating US$3.86 billion in 2025 compared with US$1.94 billion in 2024.
Conversely, crude oil export revenues declined by 32.3 percent to US$2.62 billion, down from US$3.87 billion the previous year.
GHBUSS
23 Feb. 2026
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