Gold exports reaching $8.3b drive surge in Ghana’s trade balance – Report  

Ghana’s gold exports have surged significantly, contributing to a remarkable improvement in the country’s trade balance, according to the latest data released by the Bank of Ghana (BoG).   

The report shows that gold exports rose sharply from $4.65 billion in June 2024 to $8.39 billion in June 2025, underscoring the sector’s pivotal role in bolstering Ghana’s external trade performance.   

Gold remained the top foreign exchange earner, accounting for over 60% of total exports in some quarters. 

The second quarter of 2025 saw gold shipments hit $8.39 billion, up from $3.73 billion in the first quarter of the same year.   

The consistent growth in gold exports has been attributed to increased production, higher global prices, and government efforts to curb illegal mining while promoting responsible sourcing.   

The strong performance of gold, alongside cocoa and oil, pushed Ghana’s trade balance to a surplus of $5.57 billion in June 2025, up from $551.9 million in March 2024. 

The current account balance also improved significantly, recording a surplus of $3.44 billion 3.9 per cent of GDP by mid-2025, compared to a deficit of $117.6 million in March 2024.   

Gross International Reserves (GIR) expanded to $11.12 billion in June 2025, supported by rising gold holdings, which increased to 33.0 tonnes from 20.6 tonnes in March 2024.   

Source: GNA 

The post Gold exports reaching $8.3b drive surge in Ghana’s trade balance – Report   appeared first on Ghana Business News.

Read Full Story