Ghana’s total export earnings rose sharply to a record US$31.1 billion in 2025. This was a big increase from US$19.1 billion recorded in 2024. Gold was the main driver, earning about US$20 billion, almost double the previous year. Cocoa exports also improved strongly, rising to US$3.8 billion despite lower global prices. Oil exports fell to US$2.6 billion due to declining crude oil prices worldwide.
Ghana spent US$17.4 billion on imports, with both oil and non-oil imports increasing. As a result, the country recorded a historic trade surplus of US$13.6 billion. Gross international reserves reached US$13.8 billion, reflecting stronger external stability.
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