Accra, March 6, 2025 – Ghana’s export sector experienced remarkable growth in 2024, recording a total export value of GH₵294.9 billion, significantly surpassing imports of GH₵250.2 billion. This resulted in a trade surplus of GH₵44.7 billion, according to the latest Ghana Statistical Service (GSS) Trade Report.
Major Export Drivers
The report highlighted that gold, petroleum, and cocoa remained Ghana’s top export commodities, collectively contributing 78.2% of total export revenue.
- Gold bullion emerged as the leading export product, generating GH₵162.99 billion (55.3% of total exports).
- Crude petroleum oils followed with GH₵52.58 billion (17.8%).
- Cocoa beans and cocoa paste contributed a combined GH₵21.55 billion (8.4%).
Top 10 Export Products in 2024
| Rank | Export Item | Value (GH₵ Billion) | Percentage Share (%) |
|---|---|---|---|
| 1 | Gold bullion | 162.99 | 55.3 |
| 2 | Crude petroleum oils | 52.58 | 17.8 |
| 3 | Cocoa beans | 14.95 | 5.1 |
| 4 | Cocoa paste | 6.60 | 2.2 |
| 5 | Manganese ores & concentrates | 3.43 | 1.2 |
| 6 | Natural cocoa butter | 3.18 | 1.1 |
| 7 | Cashew nuts (in shell) | 2.65 | 0.9 |
| 8 | Tuna, skipjack & Atlantic bonito | 2.23 | 0.8 |
| 9 | Iron/Steel (h/r, irregular coils) | 1.93 | 0.7 |
| 10 | Shea (karite) oil & fractions, crude | 1.93 | 0.7 |
Economic Outlook
Ghana’s strong export performance highlights the country’s resilience in global commodity markets. Analysts predict continued growth in the sector, supported by stable global demand for gold, petroleum, and cocoa.
The GH₵44.7 billion trade surplus is expected to boost economic stability, strengthen the cedi, and support government initiatives aimed at industrialization and economic transformation.
“Ghana’s export strength reaffirms its position as a key player in the global commodities market. The sustained demand for gold, crude oil, and cocoa bodes well for the country’s economic future,” said an economic analyst.
With this positive trajectory, Ghana’s government is expected to focus on expanding value-added exports, diversifying trade, and investing in infrastructure to sustain economic momentum.
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