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Ghana posts $17bn export earnings as gold and cocoa offset oil slump.
Ghana’s export earnings reached $17bn in the eight months to August, buoyed by a surge in gold and cocoa shipments that more than offset weaker oil exports, according to data published by the Bank of Ghana on Monday.
Gold sales rose to $11.7bn, up from $6.6bn a year earlier, underscoring the metal’s role as the country’s main foreign exchange earner. Cocoa exports nearly tripled to $2.4bn, driven by higher prices and favourable supply conditions. By contrast, oil revenues fell to $1.8bn from $2.7bn in the same period of 2024.
Imports over the January–August period stood at $11.7bn, up from $10.7bn a year ago, with non-oil imports climbing to $8bn. Oil imports fell sharply to $3.7bn from $10.2bn, reflecting lower global energy costs and domestic demand moderation.
