Ghana will end Ghana’s mineral ores particularly bauxite and manganese by 2030, President John Dramani Mahama has disclosed.

Speaking at the Accra Reset Addis Reckoning event in Addis Ababa, President Mahama stated that processing these raw materials locally will create jobs and significantly boost Ghana's economy.

”We have the capacity to process 400,000 tonnes of beans, but because those beans are collateralised, we cannot allocate those beans to the local processors, so we have to ship all the beans outside. Since we produce the beans, we can provide the local processors with 400,000 tonnes of our beans to add value.

”I say in 2030 there will be no mineral ore leaving Ghana. We are not going to ship manganese ore, bauxite, iron ore out of Ghana raw. You must process all that locally. That is the only way we can provide opportunities for our people,” he said.

Meanwhile, the Ghana Bauxite Company Limited (GBC) has unveiled plans to hit six million tonnes in bauxite production by the end of 2025.

This ambitious target follows the recent US$122 million investment into infrastructure upgrades and efforts to resolve operational inefficiencies.

In the previous year, the company ramped up its production to 1.8 million tonnes, marking an increase of 500,000 tonnes compared to previous annual figures.

After the Ofori Poku Company Limited (OPCL) took over, a significant investment of US$122.97 million was made to modernize and enhance the company's operations.

In another development, data from the Bank of Ghana’s Summary of Macroeconomic and Financial Data reports an increase in the value of the country’s total exports as against total imports, leading to a trade surplus of $5.57 billion.

As of June 2025, Ghana’s total exports reached $13.8 billion, a monthly gain of over $2.3 billion from the $11.54 billion recorded in May 2025. In June, gold exports surged to $8.39 billion, cocoa exports reached $2.32 billion, and oil exports rose to $1.36 billion. Other exports were valued at $1.88 billion. In May, the value of exported gold stood at $6.85 billion, cocoa at $2.01 billion, oil at $1.09 billion, and other exports at $1.59 billion.

With regard to total imports for June 2025, the value stood at $8.23 billion. The value of imported oil stood at $2.59 billion and non-oil imports at $5.64 billion. In May, Ghana recorded relatively less for imported goods. Imports reached $6.68 billion, with oil imports at $2.11 billion and non-oil imports at $4.57 billion. The trade surplus for the month of May stood at $4.85 billion.

As of March 2025, total exports stood at $7.03 billion. Gold exports generated $3.73 billion, cocoa exports stood at $1.59 billion, oil exports raked in $780.2 million, and other exports at $924.9 million. However, imports for that totaled $3.73 billion, with oil at $1.27 billion and non-oil at $2.46 billion. A trade balance of $3.29 billion was reported.

In April 2025, exports rose to $9.26 billion, largely from increased gold exports at $5.25 billion, cocoa exports at $1.85 billion, oil exports at $908.5 million, and other exports at $1.25 billion. Total imports grew to USD 5.13 billion, with oil at $1.68 billion and non-oil at $3.45 billion. A trade surplus of $4.12 billion was reported.

Per the report, Gross International Reserves (GIR) increased steadily, from $5.99 billion in March 2024 to $11.22 billion by June 2025. Import cover improved from 2.7 months in early 2024 to 4.8 months in June 2025. The net international reserves (NIR) also expanded from $3.86 billion in March 2024 to $8.88 billion by mid-2025.

Private transfers (remittances) maintained strong growth, reaching $3.93 billion by June 2025, compared to $1.79 billion in March 2024—more than doubling within the 15-month period.

Meanwhile, the current account balance swung from a deficit of -$117.6 million in March 2024 to a surplus of $3.43 billion in June 2025. The financial account, which was negative in early 2024 (-$287 million), turned positive to $1.6 billion in May and $1.59 billion in June 2025.

Per the data provided by the Bank of Ghana, it can be reported that the country’s external sector developments show sustained improvements in 2025 compared to the same period in 2024. Key indicators such as exports, imports, current account balance, and international reserves showed growing trade activity and improved external sector stability.