Ghana gets $1.7bn trade surplus in 10 months

Summary of Economic and Financial Data by the Bank of Ghana has revealed that the country recorded a strong trade surplus in the 10 months of this year.

Per details of the report, Ghana recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020.

The trader surplus according, to the report, is bigger, than that of 2019.

It is estimated that it could grow larger this year and exceed the $2.2 billion dollars registered.

On gold and cocoa exports, Ghana managed to bag $5.72 billion and $1.81 billion respectively.

These figures are also larger than what was bagged in the same period of 2019 of $5.20 billion and $1.67 billion respectively from gold and cocoa exports.

Oil exports, however, dipped by about $1.4 billion dollars to $2.4 billion dollars in October 2020.

By: Rainbowradioonline.com

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