Government Statistician, Professor Samuel Kobina Annim
Gold remains Ghana’s top export commodity, according to Government Statistician Professor Samuel Kobina Annim.
Gold exports in the fourth quarter of 2024 were valued at GH¢49.8 billion, accounting for 53.6% of total export earnings.
Professor Annim revealed that research conducted by the Ghana Statistical Service (GSS) showed that gold contributed 55.3% of the country’s total export revenue.
In Q4 2024, Ghana’s total trade value stood at GH¢165.4 billion, comprising GH¢92.9 billion in exports and GH¢72.4 billion in imports, resulting in a trade surplus of GH¢20.5 billion.
This marks a significant increase from the GH¢6.1 billion surplus recorded in Q4 2023.
In dollar terms, the total trade amounted to US$10.6 billion, consisting of US$6.0 billion in exports and US$4.6 billion in imports.
Aside from gold, Ghana’s main export commodities included crude petroleum, cocoa beans, cocoa paste, and natural cocoa butter.
Professor Annim made these disclosures while presenting the Ghana 2024 Trade Report at a press conference in Accra on Wednesday, February 26, 2025.
He stated, “Gold emerged as Ghana’s top export commodity, contributing 55.3 percent of total export revenue. Exports of petroleum and oils followed, making up 17.8 percent, while cocoa and cocoa products accounted for 8.4 percent.”
Ghana’s total exports stood at GH¢92.9 billion, while imports amounted to GH¢72.4 billion, leading to a trade surplus of GH¢20.5 billion.
This represents a substantial rise from the GH¢6.1 billion surplus recorded in Q4 2023. Imports remained stable, with mineral fuels and machinery being the most imported products.
The 2024 Annual Trade Report provides a comprehensive analysis of Ghana’s trade performance over the 12-month period.
The findings highlight Ghana’s growing export strength, with total exports reaching GH¢294.9 billion, compared to imports of GH¢250.2 billion.
This resulted in a trade surplus of GH¢44.7 billion, a significant increase compared to the previous year’s performance.
The report also highlights shifts in trading patterns, with exports to African countries nearly doubling compared to imports.
This strengthens Ghana’s role in intra-African trade under the African Continental Free Trade Area (AfCFTA).
SA/MA
Watch the latest edition of BizTech below:
