Ghana’s Top 10 Exports in 2024

Ghana’s Top 10 Exports in 2024: A Booming Trade Sector

In 2024, Ghana’s export sector grew significantly, with total exports amounting to GH₵294.9 billion. The country’s imports, which totaled GH₵250.2 billion, were outpaced by this increase, leaving GH₵44.7 billion in trade surplus. Gold, petroleum, and cocoa were the three main commodities that dominated the country’s exports, making up 78.2% of total revenue, according to the Ghana Statistical Service’s (GSS) Trade Report.

Gold, Petroleum, and Cocoa Lead the Export Market

Gold bullion continued to be Ghana’s top export, bringing in an astounding GH₵163.0 billion, or 55.3% of the nation’s total export revenue. The next largest contributor, GH₵52.6 billion (17.8%), was crude petroleum oils. Together, cocoa products—such as premium cocoa beans and cocoa paste—generated GH₵21.5 billion, or 8.4% of total export revenue.

Breakdown of Ghana’s Top 10 Exports in 2024

1. Gold bullion– GH₵162.99 billion (55.3%)

2. Crude petroleum oils– GH₵52.58 billion (17.8%)

3. Cocoa beans (superior quality raw beans) – GH₵14.95 billion (5.1%)

4. Cocoa paste (not defatted)– GH₵6.60 billion (2.2%)

5. Manganese ores and concentrates– GH₵3.43 billion (1.2%)

6. Natural cocoa butter– GH₵3.18 billion (1.1%)

7. Cashew nuts (in shell) – GH₵2.65 billion (0.9%)

8. Tuna, skipjack, and Atlantic bonito (prepared or preserved, not minced) – GH₵2.23 billion (0.8%)

9. Iron/Steel (hot-rolled, irregular coils, not further forged)– GH₵1.93 billion (0.7%)

10. Shea (karite) oil and fractions, crude– GH₵1.93 billion (0.7%)

Future Outlook for Ghana’s Exports

Government policies aimed at increasing production and improving trade agreements will be crucial in shaping the future of exports. As Ghana fortifies its economic foundation, these vital commodities will continue to propel the country’s prosperity. Ghana’s export industry is poised for further growth with ongoing investment in industrialization and value addition.

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