Ghana recorded a commerce surplus of GH₵20.5 billion within the fourth quarter of 2024, a rise from GH₵6.1 billion in the identical interval in 2023, in accordance with knowledge from the Ghana Statistical Service. The whole commerce worth for the quarter stood at GH₵165.4 billion, with GH₵92.9 billion in exports and GH₵72.4 billion in imports.
The report reveals that gold remained Ghana’s prime export totaling GH₵49.8 billion or 53.6% of whole exports. This represents a rise from 50.3% recorded within the fourth quarter of 2023. Different main exports included crude petroleum, cocoa beans, cocoa paste, and pure cocoa butter, respectively. In the meantime, the share of mineral fuels and oils in whole exports fell from 23.9% in This autumn 2023 to 14.4% in This autumn 2024.
On the import facet, diesel, motor spirit (tremendous), self-propelled bulldozers, shea oil and fractions, and crude petroleum had been the highest 5 merchandise imported within the quarter.
The 2 main import merchandise, diesel and motor spirit (tremendous), accounted for GH₵13.1 billion, with diesel alone amounting to GH₵7.2 billion, representing 23.4% of whole imports.
Nevertheless, this marks the third consecutive quarter wherein Ghana recorded a nominal commerce surplus, that means the worth of commerce (exports and imports) was measured at present market costs with out adjusting for inflation.
In distinction, actual commerce, which accounts for inflation, remained in deficit. Regardless of the reported surplus, the information reveals a GH₵2.2 billion actual commerce deficit within the fourth quarter of 2024.
Moreover, whereas the entire nominal commerce worth elevated by GH₵57.8 billion from the primary to the fourth quarter, the rise in actual phrases was solely GH₵7.0 billion.
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