Ghana recorded a trade surplus of $1.77 billion between January to June 2023, approximately 2.4% of the Gross Domestic Product (GDP).
This is higher than the $1.47 billion (2.0% of GDP) registered during the same period in 2022.
This was revealed in the July 2023 Summary of Economic and Financial Data by the Bank of Ghana.
Total exports as of June 2023 were estimated at $8.17 billion, whilst total imports stood at $6.40 billion.
Gold continued to dominate the total value of exports, recording $3.45 billion in June 2023, higher than the $3.03 billion recorded during the same period last year.
Crude oil exports came second. It brought in $1.66 billion in June 2023, compared to $2.83 billion in June 2023.
Proceeds from cocoa for the first six months of 2023 stood at $1.48 billion, as against $1.41 billion a year ago.
Total imports stood at $6.40 billion in the first six months of 2023, lower than $7.40 billion during the same period last year.
However, the country’s Balance of Payment at the end of June 2023 showed a deficit of $107.8 million, approximately 0.1% of GDP.
