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Ghana and Côte d’Ivoire recorded the highest trade surpluses of approximately $4.1 billion and $2 billion respectively in West Africa in 2024. According to advisory firm, Bridgewater Advisors, West Africa’s trade balances, however, exhibited significant negative variation across its countries, driven by commodity price fluctuations, exchange rate volatility, and domesticContinue Reading

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Ghana’s gross international reserves increased by $US1.101 billion in December 2024 to hit US$8.982 billion. This is equivalent to 4.0 months of import cover. According to data from the Bank of Ghana, the country’s reserves stood at $6.31 billion in January 2024 but dropped to $5.99 billion in March 2024.Continue Reading

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