The United Arab Emirates (UAE) continues to be Ghana’s leading export destination for the second quarter of 2024, with exports totaling GH₵15.0 billion, according to data from the Ghana Statistical Service (GSS).

This figure accounts for 23.3 percent of Ghana’s total exports.

Following closely is Switzerland, with exports valued at GH₵13.2 billion, representing 20.5%, while South Africa ranks third, with exports reaching GH₵8.3 billion (12.9%), as indicated by the data.

A detailed analysis reveals that Ghana’s import market is dominated by gas oil (GH₵7.3 billion) and motor spirit super (GH₵7.2 billion), which together account for 24.7% of the total import value of GH₵58.8 billion.

China remains the largest supplier of imports to Ghana, contributing GH₵12.3 billion (20.9% of total imports), followed by the UAE with GH₵9.1 billion (15.4%) and the United Kingdom at GH₵5.2 billion (8.8%).

The Export and Import Unit Value Indices (UVIs) indicate significant price changes 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”.