Ghana recorded its highest-ever export earnings for the first six months of a year, with receipts reaching $18.2 billion by the end of June 2026, according to the latest data from the Bank of Ghana.
The figures, published in the central bank’s Summary of Economic and Financial Data, show exports rose sharply from the $13.7 billion recorded over the same period in 2025, buoyed by strong gold shipments.
Gold remained the country’s dominant export commodity, generating $12.5 billion in revenue during the period.
This marks a substantial increase from the $8.3 billion earned from gold exports in the first half of last year, underscoring the sector’s continued role in supporting Ghana’s external trade.
Cocoa also made a modest contribution to the improved export performance. Earnings from the crop edged up to $2.2 billion from $2.1 billion a year earlier.
Crude oil exports brought in $1.7 billion, while earnings from other export commodities also stood at $1.7 billion, slightly below the $1.8 billion recorded in the corresponding period of 2025.
Imports, meanwhile, totalled about $9.4 billion during the first half of the year, reflecting a marginal increase compared with the same period last year. Of that amount, petroleum imports accounted for $3.3 billion.
The widening gap between exports and imports pushed Ghana’s trade surplus to $8.8 billion by the end of June 2026, up from $5.7 billion in the first half of 2025.
The stronger trade position is expected to bolster the country’s foreign exchange reserves and support the stability of the cedi as export receipts continue to outpace import spending.
The outlook could improve further in the coming months, with Ghana anticipating development partner inflows of more than $500 million before the end of the third quarter of 2026, a development that could further strengthen the country’s external reserve position.
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