The Ghana’s 2024 Commerce Report in accordance with the Ghana Statistical Service (GSS), revealed an growing export power, with whole exports of GH¢294.9 billion in comparison with imports of GH¢250.2 billion.
The determine resulted in a commerce surplus of GH¢44.7 billion, growing astronomically compared to the earlier yr’s efficiency.
Gold emerged Ghana’s high export commodity, contributing 55.3 per cent of whole export income.
Exports of Petroleum and oils adopted, making up 17.8 per cent, whereas cocoa and cocoa merchandise accounted for 8.4 p.c.
This was introduced on the launch of the 2024 Annual Commerce Report and the Quarter 4 (This autumn) 2024 Commerce E-newsletter in Accra.
Professor Samuel Kobina Annim, the Authorities Statistician, emphasised the significance of utilizing dependable commerce knowledge to form insurance policies that promoted sustainable financial progress and world competitiveness.
The report, he mentioned, indicated a change in buying and selling patterns, with exports to African nations practically doubling in comparison with imports, strengthening Ghana’s position in intra-African commerce below the African Continental Free Commerce Space.
The studies, he burdened, supplied a transparent and accessible overview of Ghana’s worldwide commerce efficiency and clarify how the nation is increasing its position within the world market.
Mr Dominic Odoom, the Head of Commerce Statistics, GSS, emphasised the significance of correct and dependable commerce knowledge in guiding financial insurance policies.
He famous that Ghana had deepened its participation in world commerce, including that the necessity for well timed, complete, and high-quality data was important for efficient choice making.
The This autumn 2024 Commerce E-newsletter gives an in depth evaluation of commerce actions throughout the ultimate quarter of the yr.
Exports stood at GH¢92.9 billion, whereas imports accounted for GH¢72.4 billion, leading to a commerce surplus of GH₵20.5 billion.
This represents an increase from the GH¢6.1 billion surplus recorded in This autumn 2023.
Gold exports within the quarter had been valued at GH¢49.8 billion, making up 53.6 p.c of whole export earnings.
Crude petroleum, cocoa, and different cocoa merchandise additionally contributed 26.4 p.c.
Imports remained secure, with mineral fuels and equipment being essentially the most imported merchandise.
The 2024 Annual Commerce Report presents a complete evaluation of Ghana’s commerce efficiency over the 12-month interval.
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