In the first half of 2023, Ghana experienced a trade surplus of $1.77 billion, which accounts for approximately 2.4% of its Gross Domestic Product (GDP), per a report from the Central Bank.

This figure is higher than the $1.47 billion trade surplus (2.0% of GDP) recorded during the same period in the previous year.

According to the July 2023 Summary of Economic and Financial Data from the Bank of Ghana, total exports as of June 2023 were estimated at $8.17 billion, while total imports amounted to $6.40 billion.

Gold remained the dominant export, generating $3.45 billion in June 2023, an increase from $3.03 billion in the corresponding period the previous year.

Crude oil exports ranked second, contributing $1.66 billion in June 2023, compared to $2.83 billion during the same month in the previous year.

Cocoa proceeds for the first six months of 2023 stood at $1.48 billion, up from $1.41 billion in the previous year.

Total imports for the first six months of 2023 amounted to $6.40 billion, a decrease from $7.40 billion in the same period last year.

Despite the improvement in trade surplus, the country's Balance of Payment at the end of June 2023 still showed a deficit of $107.8 million, approximately 0.1% of GDP. However, this deficit is significantly lower than the $2.49 billion recorded during the same period in 2022.

The Capital and Financial Account Balance had a deficit of $897.3 million in June 2023, primarily due to a net portfolio of investments outflow. On the other hand, the current account balance stood at $849.2 million, approximately 1.1% of GDP in April 2023.

Gross International Reserves in June 2023 stood at $5.34 billion, providing approximately 2.5 months of import cover. This figure is lower than the $7.68 billion recorded in June 2022.