- Ghana’s export earnings surged to a record US$31.1 billion in 2025, up from US$19.1 billion in 2024
- Gold exports doubled to US$20 billion, remaining the country’s top foreign exchange earner
- Cocoa earnings rose sharply to US$3.8 billion despite declining global prices
Ghana closed 2025 with a record export earnings total of US$31.1 billion, a sharp increase from the US$19.1 billion recorded in 2024.
This was revealed in the Bank of Ghana’s Summary of Economic and Financial Data released on 27 January 2026.
The figures show that gold remained the country’s leading export, generating US$20 billion in earnings in 2025, nearly double the US$10.3 billion recorded in 2024. Cocoa followed, bringing in US$3.8 billion, up significantly from US$1.9 billion the previous year.
Industry analysts have described the performance as noteworthy, particularly in light of declining international cocoa prices during the period.
In contrast, oil export earnings declined from US$3.8 billion in 2024 to US$2.6 billion in 2025, a development largely attributed to falling global crude oil prices. Other exports contributed a combined US$3.6 billion.
Import Expenditure
The data also indicate that Ghana’s total import bill for 2025 stood at US$17.4 billion. Oil imports rose to US$5.1 billion from US$4.6 billion in 2024, while non-oil imports increased to US$12.3 billion from US$10.7 billion over the same period.
As a result, Ghana’s trade balance improved significantly, reaching a surplus of US$13.6 billion.
Gross Reserves
Meanwhile, the country’s gross international reserves reached a record US$13.8 billion in 2025. The current account balance as of December 2025 stood at over US$900 million. In monetary terms, the total size of Ghana’s economy was estimated at US$1.4 trillion.
