Outlook of Ghana’s external sector remains positive for second-half of 2026 – BoG
According to the July 2026 Monetary Policy Report, sustained safe-haven demand is expected to keep gold prices firm, supporting export receipts, while cocoa exports should benefit from higher prices and improving supply conditions.
The Bank of Ghana maintains a positive outlook for Ghana's external sector in the second half of 2026, despite global uncertainties. This optimism stems from strong export receipts, bolstered by safe-haven demand for gold and improved cocoa export conditions. However, the country's crude oil market faces vulnerability due to Middle Eastern developments, potentially leading to higher import costs.
The trade balance for the first half of 2026 showed a surplus of US$8.81 billion, reflecting higher export earnings that surpassed the rise in imports. Gold exports surged by 49.0% to US$12.50 billion, while cocoa exports saw a modest increase to US$2.29 billion.
Brief written by urgent.news from MyJoyOnline Ghana's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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