Governor of the Bank of Ghana (BoG), Dr. Johnson Pandit Asiama, has revealed that Ghana recorded a trade surplus of GH₵4.14 billion in the first four months of 2025, largely driven by strong export performance in cocoa, gold, and oil.
Speaking at the Graphic Business/Ecobank Breakfast Meeting in Accra on Tuesday, Dr. Asiama stated that exports had grown by over 60 percent year-on-year—an outcome he described as a clear sign of renewed trade confidence and resilience in the Ghanaian economy.
He also disclosed that the current account surplus reached GH₵2.12 billion by the end of the first quarter of 2025, crediting the improvement to robust commodity earnings and enhanced export competitiveness.
“These outcomes represent more than just statistical improvement; they are a restoration of macroeconomic credibility—the kind that markets, investors, and citizens respond to with confidence,” Dr. Asiama noted.
He attributed the surplus to several policy measures instituted by the central bank, saying the BoG had “maintained a firm disinflation stance since we came in, raising and holding the monetary policy rate at 28 percent. We conducted active market operations to absorb excess liquidity and enforced discipline in the foreign exchange market through structured efforts and options.”
On remittances, Dr. Asiama added that if external loans remain stable and resilient, the broader trade environment will continue to improve—further boosting foreign exchange inflows and sustaining economic growth.
Source: Graphic Business
