{
  "id": 11228059,
  "title": "Ghana’s trade surplus drops 70% to US$1.3bn in second quarter of 2026 as imports surge",
  "url": "https://urgent.news/2026/10/01/ghanas-trade-surplus-drops-70-to-us-1-3bn-in-second-quarter-of-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T16:07:18.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/ghanas-trade-surplus-drops-70-to-us1-3bn-in-second-quarter-of-2026-as-imports-surge/"
  },
  "original_language": "en",
  "account": "Ghana's trade surplus reduced by 70% in the second quarter of 2026, reaching US$1.3 billion, as reported by the Ghana Statistical Services. The decline was primarily due to a sharp increase in imports, which rose by 47.5%, while exports only grew by 1.6%. The country's exports totalled GH₵108.5 billion (US$9.6 billion), and imports amounted to GH₵94.7 billion (US$8.3 billion), resulting in a total trade value of US$17.9 billion. The surplus was largely attributed to high prices of gold, which accounted for 72.3% of all exports, followed by crude petroleum at 10.7%. Import prices increased significantly faster than export prices, with fuel prices rising by 54.1%, leading the surge. China, South Africa, and the United Arab Emirates were the top destinations for Ghana's exports, accounting for 76.2% of the total. African countries, particularly South Africa, were the primary buyers and suppliers of Ghana's exports, with exports to Africa comprising 81.5% of total exports to the continent.",
  "summary": "Ghana’s trade surplus shrank by about 70.0% from US$4.3 billion in the first quarter of 2026 to US$1.3 billion in the second quarter of 2026. This was captured by the quarterly trade statistics report by the Ghana Statistical Services. According to the GSS, exports barely increased as it went down by 1.6%, while imports jumped […]",
  "key_points": [
    "Ghana's trade surplus fell 70% to $1.3 billion in Q2 2026",
    "Imports surged 47.5%, while exports grew only 1.6%",
    "High gold prices (72.3%) and fuel price rise (54.1%) drove imbalance"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Ghana’s trade surplus shrinks by 70% to US$1.3bn in quarter 2, 2026 – GSS",
        "url": "https://urgent.news/2026/10/01/ghanas-trade-surplus-shrinks-by-70-to-us-1-3bn-in-quarter-2-2026-gss",
        "published": "2026-10-01T15:04:05.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}