Ghana records 3rd consecutive trade surplus but quarter 2 numbers decline marginally – GSS

Ghana continued to export more than it imported in the second quarter of 2024, with a trade surplus of GH¢5.4 billion, though slightly lower than the previous year.

Gold dominated exports, contributing GH¢37.0 billion (57.6%), with the UAE as the top destination. However, cocoa exports declined for the fifth consecutive quarter.

China remained the largest source of imports, while Asia emerged as the primary export destination.

Export prices rose by 40.5%, mainly due to higher gold prices, while import prices increased by 18.9%, indicating shifting trade patterns.