KEY POINTS
- Ghana’s export boom hit $9.33 billion in April 2025.
- Gold and cocoa drove the increase in trade earnings.
- Trade surplus rose as foreign reserves strengthened.
According to the report, Ghana’s trade surplus increased to approximately $4.14 billion, or 4.7% of GDP. High commodities revenues and careful fiscal management were cited by officials as the reasons for this excess.
Gold drives Ghana’s export boom in April 2025
With $5.24 billion in revenue and 56% of all exports in April, gold continued to be the biggest export earner. This amount represents a significant rise from approximately $3.72 billion in March. The increase was caused by a spike in gold prices worldwide, which hit about $3,218 an ounce during the study period.
Despite declining global prices, cocoa also had a solid April, earning €1.84 billion. Compared to the ~$1.50 billion in cocoa earnings in March, this represents a significant improvement. According to analysts, lower prices were partially compensated by favorable export volumes and market demand.
With a reasonably consistent contribution of ~$972 million, crude oil shipments helped to maintain Ghana’s overall export growth. Gains in these three industries—oil, cocoa, and gold—have combined to make the nation more resilient to outside shocks.
Ghana’s export boom strengthens external financial position
Ghana’s gross overseas reserves rose to about $10.67 billion as a result of the export boom. The Bank of Ghana claims that this is enough to cover imports for 4.7 months, which is a crucial sign of macroeconomic stability.
According to myjoyonline, the central bank cautions that Ghana is still susceptible to international economic challenges in spite of the positive performance. The nation’s export revenue and fiscal balance may be impacted by abrupt changes in interest rates, commodity prices, and geopolitical conflicts.
To lessen reliance on primary commodities, authorities underlined the necessity of ongoing economic diversification and investment in value-added industries.
Economists also emphasize that in order to continue growth and protect the economy from outside turbulence, it will be crucial to maintain robust foreign reserves and a strict fiscal policy.
