Ghana recorded a widened Trade surplus of US$1.7 billion at the end of August this year, far exceeding the surplus of US$ 92.4 million recorded in August 2021.
This was driven by higher receipts from gold, crude oil and non-traditional exports, notwithstanding increased demand for oil and gas imports.
Total exports went up by 19.5 per cent year-on-year to US$11.8 billion.
Crude oil exports totalled US$3.8 billion, 56.5 per cent higher than observed in 2021, mainly due to price effects.
Ghana’s main export commodities saw mixed developments in the international markets.
The strong rally in Brent crude oil prices since the start of 2022 slowed somewhat to settle at US$97.74 per barrel, representing 30.7 per cent.
On cocoa, prices have ceased to US$85.96 per tonnes, representing a contraction of 3.9 per cent on a year-to-date basis.
-Ghana
