By: News Ghana

Official data shows gold constituted 61% of total export earnings, rising from 53% in March. Total exports reached $13.8 billion, a 96% increase from March’s $7.03 billion.

The trade surplus expanded to $5.57 billion, equivalent to 6.4% of GDP. Cocoa exports rose to $2.17 billion while petroleum exports reached $1.36 billion. Non-oil imports accounted for 69% of the $8.23 billion import total, according to central bank statistics released this week.

Gross international reserves increased to $11.12 billion. Current account data shifted from a $117.6 million deficit in March 2024 to a $2.32 billion surplus in March 2025. The financial account recorded $1.60 billion in net inflows during the period.

Ministry of Trade records indicate commodities represented 86% of export earnings. Gold’s performance drove the trade balance improvement despite import growth exceeding export expansion rates. Production volumes and international prices contributed to the results.