Ghana’s export earnings climbed to $11.1 billion by the end of April 2026, supported mainly by strong gold exports and rising global gold prices, according to the latest Summary of Economic and Financial Data released by the Bank of Ghana.

The figure represents a significant increase from the $9.2 billion recorded during the same period in 2025, highlighting the country’s improving external trade performance in the first four months of the year.

Gold remained Ghana’s top export commodity, generating $6.8 billion in earnings by the end of April 2026. This was higher than the $5.2 billion recorded during the same period last year, reflecting stronger export volumes and favourable prices on the international market.

Cocoa exports also contributed strongly to the country’s earnings, bringing in $1.8 billion during the review period. The figure remained unchanged compared to the same period in 2025.

Crude oil exports generated $1.2 billion between January and April 2026, while other exports accounted for an additional $1.1 billion.

On the import side, Ghana’s import bill increased to $5.8 billion in the first four months of 2026, compared to $5 billion during the same period last year. The rise suggests increased demand for goods and services from abroad as economic activity continues to recover.

Despite the higher import bill, the country still recorded a trade surplus of $5.2 billion, slightly above the $5 billion surplus posted during the same period in 2025. A trade surplus occurs when a country earns more from exports than it spends on imports.

The data also showed that Ghana’s current account balance reached $3 billion by the end of March 2026, indicating continued improvement in the country’s external financial position.

Meanwhile, Ghana’s international reserves increased to $14.4 billion in April 2026, up from $13.8 billion recorded in December 2025. The increase in reserves is expected to strengthen the country’s ability to support the local currency and meet external payment obligations.

The Bank of Ghana further reported that the country’s total gold reserves rose to 22.3 tonnes in April 2026, compared to 18.6 tonnes at the end of 2025, as the central bank continues efforts to build reserve buffers through its domestic gold purchase programme.