The United Arab Emirates (UAE) remains Ghana’s top export destination, for the second quarter of 2024, accounting for GH₵15.0 billion, data from the Ghana Statistical Service (GSS) has revealed.
According to the GSS, this represents 23.3 percent of total exports.
“Switzerland followed closely with exports valued at GH₵13.2 billion representing 20.5%, while South Africa ranked third, with exports amounting to GH₵8.3 billion (12.9%)”, the data captured.
A breakdown of the data shows that Ghana’s import market was predominated by gas oil (GH₵7.3 billion) and motor spirit super (GH₵7.2 billion), which together contributed a quarter (24.7%) of the total import value of GH₵58.8 billion.
China remained the primary source of Ghana’s imports, contributing GH₵12.3 billion (20.9% of total imports), followed by the UAE with a value of GH₵9.1 billion (15.4%) and the United Kingdom with an import value of GH₵5.2 billion (8.8%).
The Export and Import Unit Value Indices (UVIs) revealed price shifts in key commodities.
“Export prices recorded a 40.5 percent year-on-year increase, driven largely by surging gold prices while import prices increased by 18.9 percent”.
Source: Joy Business
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