The financial and economic data published by the Bank of Ghana (BoG) this month has revealed that gold and cocoa were major export earners in first half of 2023 as oil export receipts slump. Gold remains Ghana’s major export earner and contributor to GDP. At the end of June this year, gold export receipts amounted […]
Ghana’s Gold and Cocoa Export Earnings Rise as Oil Export Earnings Decline in First Four months of 2023
The Bank of Ghana’s summary of financial and economic data released this month show that for the first four months of 2023, gold and cocoa export earnings increased whilst oil exports earnings declined. At the end of April 2023, total gold export earnings rose by 15.9% year-on-year from US$1.9 billion in April 2022 to US$2.2 […]
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined
Ghana’s Gold and Oil export receipts jumped in 2022 whilst Cocoa export receipts declined. For decades, Ghana has been a commodity dependent country relying heavily on export revenues from the three major trading commodities: gold, cocoa and oil (since production commenced in 2011). Gold for decades remains the leading commodity export earner for the country. […]