Ghana’s Exports Reach $9.3 Billion in April 2025, Driven by Gold and Cocoa

Ghana recorded a significant surge in exports in April 2025, reaching $9.33 billion, according to the Bank of Ghana’s May Economic Summary Report. The boost was largely fueled by strong performances in gold and cocoa exports.

This export growth propelled the country’s trade surplus to $4.14 billion, representing 4.7% of Gross Domestic Product (GDP). Crude oil also played a steady role, contributing $972 million to the total export value.

The robust performance of the export sector has strengthened Ghana’s external position, with gross international reserves climbing to $10.67 billion—sufficient to cover 4.7 months of imports. The central bank attributed this improvement to both higher commodity revenues and enhanced fiscal discipline.

Gold remained the standout export, generating $5.24 billion in revenue in April. This marks a substantial increase from March’s $3.72 billion, buoyed by a rise in international gold prices, which hit $3,218 per ounce. Cocoa exports also showed resilience, earning €1.84 billion in April, up from $1.50 billion in March, despite a dip in global prices.

While the export sector demonstrates resilience, the Bank of Ghana and other institutions caution that the country remains exposed to fluctuations in commodity prices and global economic uncertainties.