BOG Governor, Dr. Ernest Addison<\/em><\/strong><\/p>\n\u00a0<\/p>\n
The Bank of Ghana (BoG) recent data shows that the country recorded a trade surplus of $752.8 million in the first two months of 2023.<\/p>\n
The amount, which is about 1.0 per cent of the country\u2019s Gross Domestic Product is higher than the surplus of $205.8 million recorded during the same period in 2021.<\/p>\n
The significant growth in trade surplus was due to significant proceeds from gold exports, whilst net imports also fell.<\/p>\n
According to the BoG data, total exports in the first two months of 2023 went up by 11.19 per cent year-on-year to $2.76 billion.<\/p>\n
\u201cTotal exports for the first two months in 2022 were $2.48 billion,\u201d figure released by the BoG indicated.<\/p>\n
Crude oil exports in February 2022 stood at, $562.6 million, lower than the $688.8 million recorded in February 2022.<\/p>\n
This is mainly due to price effects as the crude oil price has gone down significantly from over $100 to about $73.<\/p>\n
Gold export earnings, however, went up by 35.7% to $1.11 billion, supported by increased production volumes triggered by the positive response from small-scale gold exporters.<\/p>\n
Cocoa receipts also went up by 11.63% year-year to $546 million in February 2023.<\/p>\n
This is despite lower prices and low cocoa purchases.<\/p>\n
By Jamila Akweley Okertchiri<\/strong><\/p>\n\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"
BOG Governor, Dr. Ernest Addison \u00a0 The Bank of Ghana (BoG) recent data shows that the country recorded a trade surplus of $752.8 million in the first two months of 2023. The amount, which is about 1.0 per cent of the country\u2019s Gross Domestic Product is higher than the surplus of $205.8 million recorded during […]<\/p>\n","protected":false},"author":1,"featured_media":50583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-50582","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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