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Ghana’s trade surplus remains pressured by low cocoa output

Cocoa Beans 4.jpeg The revenue from cocoa exports have been on the decline

Mon, 27 May 2024 Source: Bloomberg

Ghana's trade surplus narrowed in the first four months after revenue from cocoa exports declined.

The trade gap for the period ending April decreased by 47% from a year earlier to $744.3 million, Bank of Ghana said in a summary of economic and financial data.

This is the sixth straight month that the trade balance of the world’s second-biggest cocoa producer failed to expand compared with the previous year, according to the data.

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Source: Bloomberg