Ghana's Export Earnings Hit Record High of US$31.1bn in 2025, Trade Balance Reaches US$13.6bn

Ghana has ended 2025 on a high note, with its total export earnings hitting a record US$31.1 billion, according to the Bank of Ghana's Summary of Economic and Financial Data released on January 27, 2026. This represents a significant increase from the US$19.1 billion recorded in 2024.

Gold led the charge, accounting for US$20 billion of the total export earnings, up from US$10.3 billion in 2024. Cocoa followed closely, fetching the country US$3.8 billion in 2025, a notable increase from the US$1.9 billion recorded in 2024. This is particularly interesting given the declining prices of the commodity on the international market.

However, the total oil exports decreased from US$3.8 billion to US$2.6 billion, likely due to the declining crude oil prices on the international market. Other exports brought in US$3.6 billion.

On the import side, Ghana spent US$17.4 billion in 2025, with oil imports increasing to US$5.1 billion from US$4.6 billion in December 2025. Non-oil imports also rose to US$12.3 billion in 2025, from US$10.7 billion in 2024.

The country's trade balance has consequently improved significantly, reaching a record US$13.6 billion.

Key Economic Indicators:

- Gross International Reserves: US$13.8 billion

- Current Account Balance: over US$900 million

- Total Value of Ghana's Economy: US$1.4 trillion

The data highlights Ghana's strong economic performance in 2025, driven by robust export earnings and a favourable trade balance.

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