Gold surge pushes Ghana’s export earnings to US$18.29bn
Ghana recorded US$18.29 billion in export earnings during the first half of 2026, largely on the back of a surge in gold exports, according to new data released by the Bank of Ghana (BoG).
The strong export performance boosted the country’s trade surplus to US$8.81 billion by the end of June 2026, up from US$5.76 billion during the same period in 2025.
BoG figures showed that export revenues increased by US$4.50 billion, rising from US$13.79 billion in the first six months of 2025 to US$18.29 billion this year.
Gold remained Ghana’s leading export, generating US$12.50 billion between January and June 2026, compared with US$8.39 billion in the corresponding period last year. The precious metal accounted for more than two-thirds of the country’s total export earnings.
Revenue from cocoa exports also improved, increasing to US$2.29 billion from US$2.17 billion, while crude oil exports climbed to US$1.71 billion, up from US$1.36 billion over the same period.
In contrast, earnings from other exports dipped slightly to US$1.79 billion, compared with US$1.88 billion in the first half of 2025.
The central bank said the increase in export receipts also strengthened Ghana’s current account balance and contributed to a rise in the country’s international reserves.
According to the BoG, the improved performance reflects stronger earnings from the country’s key export commodities—gold, cocoa and crude oil—during the first six months of 2026.
Source: GNA
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