Ghana ended 2025 with a total value of export earnings of a record US$31.1 billion.

This is compared with US$19.1 billion in 2024.

The revelation was captured in the Summary of   Economic and Financial Data by the Bank of Ghana on 27 January 2026.

The data showed that gold led the pack, as earnings stood at US$20billion, compared to US$10.3 billion in 2024.

It was followed by cocoa, which fetched the country US$3.8 billion in 2025, representing a significant increase from the US$1.9 billion in 2024.

The development, according to some industry watchers, can be described as interesting, based on the declining prices of the commodity on the international market.

The total oil exports, however, decreased from US$3.8 billion to US$2.6 billion, obviously linked to the declining prices of crude oil on the international market in recent times.

Other exports got the country some US$3.6billion.

Imports Expenditure

The summary of Economic and Financial Data for the month of January also showed that Ghana spent US$17.4 billion on imports in 2025.

Oil imports went up to US$5.1 billion, from US$4.6 billion in December 2025. 

Similarly, non-oil imports went up to US$12.3 billion in 2025, from US$10.7 billion in 2024.

The development resulted in  Ghana’s trade balance going up by some significant margin to US$13.6 billion.

Gross Reserves

Meanwhile, the country's gross international reserves in 2025 stood at a record value of US$13.8 billion.

The current account balance ending December 2025 stood at more than US$9.0 billion.

This is compared to US$1.5bn (1.8% of GDP) a year earlier.

According to the data, the growth was driven by a strong performance in the trade account, which recorded a surplus of US$13.7 billion versus a surplus of US$3.8 billion in 2024. Underpinning the large surplus on the trade account was the 62% surge in exports on the back of a 103% spike in gold export revenues

The total value of Ghana’s economy in monetary terms was pegged at  US$1.4 trillion.