Ghana’s exports hit $22.4b as gold leads foreign exchange earnings

Ghana's export earnings reached $22.4 billion in August 2026, with gold exports playing a pivotal role, as reported by the Bank of Ghana. Total exports grew from $17.97 billion in August 2025 to $22.41 billion in August 2026, marking a notable improvement in the country's external sector. Gold exports, totaling $14.86 billion, led the way, up from $11.18 billion in the same period last year.

This mineral contributed roughly two-thirds of the country's export earnings, emphasizing its critical role in generating foreign currency and bolstering economic stability. Cocoa exports expanded from $2.47 billion to $2.76 billion, while oil exports climbed from $1.83 billion to $2.42 billion. Other exports contributed $2.39 billion, up from $2.46 billion.

The export surge bolstered Ghana's trade position, with a trade surplus expanding from $6.69 billion to $8.86 billion. Imports rose from $11.24 billion to $13.55 billion, but export growth outpaced import growth, widening the trade surplus. Enhanced export earnings also bolstered the nation's reserve position, which stood at over $12 billion by September 2026.

The figures underscore the extractive sector's expanding role in driving economic activity and foreign exchange inflows, as policymakers aim to diversify Ghana's export portfolio and boost value addition in agriculture and industry.