The Second Quarter Trade Statistics show that, as of last year, Ghana has been exporting more than it is importing – GSS

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana continued to export more than what it imports since last year, according to the Second Quarter Trade Statistics released by the Ghana Statistical Service.

However, the report showed that the value recorded from April 2024 to June 2024 declined marginally to GH¢5.4 billion.

This also marks a substantial reversal in terms of what the country recorded in the first half of 2023.

Gold remained Ghana’s dominant export, contributing GH¢37.0 billion (57.6%) of total export value in the second quarter.

Gold’s share of exports increased by about 10% from 47.5% in quarter 2 2023 to 57.6% in quarter 2 2024.

The United Arab Emirates (UAE) surpassed Switzerland as the leading destination for Ghana’s gold exports, with 39.9% going to the UAE, followed by Switzerland (35.6%), South Africa (16.2%), and India (7.5%).

Source: newsthemegh.com