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Ghana’s merchandise trade increases to US$52.5bn in 2025 from US$6bn in 2004
August 11, 2026
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Ghana’s merchandise trade increases to US$52.5bn in 2025 from US$6bn in 2004

Money
Policy
Opportunity
Growth

Key Points

  • Ghana's merchandise trade significantly grew from US$6 billion in 2004 to US$52.5 billion in 2025, according to the GSS report.
  • The country transitioned from trade deficits to recording substantial surpluses, reaching GH¢148.3 billion in 2025.
  • Gold solidified its position as the dominant export, increasing its share to 63.1% by 2025, while cocoa beans declined, though cocoa products and other non-traditional exports saw growth.
  • Asia has become Ghana's largest trading partner for both exports and imports, displacing Europe as the primary region.
  • The GSS recommends strengthening domestic value addition in key sectors, expanding non-traditional exports, and supporting SMEs to meet international market standards.

Why This Matters

This report provides a critical long-term perspective on Ghana's economic health and trade strategy. The shift to consistent trade surpluses is a positive indicator for macroeconomic stability, while the changing composition of exports and partners highlights areas for policy intervention, diversification efforts, and new market opportunities for Ghanaian businesses.

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