Joseph Otsibah 
Ghana is seeing a major boost in its export earnings, with revenues hitting US$31.1 billion, thanks largely to a strong performance in gold exports.
Gold once again proved to be the country’s biggest foreign exchange earner, helped by higher global prices and steady production. At a time when other key exports like cocoa and oil have faced challenges, gold helped keep Ghana’s export numbers strong.
The rise in export earnings means more foreign currency flowing into the country, which economists say could ease pressure on the cedi and support overall economic stability. For many Ghanaians, this brings cautious optimism that improved export performance could translate into better economic conditions.
Government officials say tighter control and better regulation of the gold sector have played a role in the improved figures, with more gold now passing through official export channels instead of being lost to smuggling.
Beyond the numbers, the gold surge is expected to increase government revenue through taxes and royalties, providing more funds for public services and development projects.
However, experts continue to stress that Ghana must go beyond exporting raw gold by investing in local refining and processing to fully benefit from its mineral wealth.
For now, the figures underline one clear reality: gold remains central to Ghana’s economy, and how it is managed will shape the country’s financial future.
News Source: Citynewsroom
About The Author
Joseph Attoh 
