Ghana’s Trade Landscape: Key Insights from the 2022 Trade Vulnerability Report

The Ghana Statistical Service’s 2022 Trade Vulnerability Report has shed light on significant trends in the country’s trade dynamics. Here are the key findings:

Exports and Imports Concentration

  • Four countries, namely Switzerland, China, Canada, and South Africa, account for over half of all exports.
  • Six countries are responsible for about half of all imports.

Major Export and Import Commodities

  • Over two-thirds of all exports are primarily derived from just two products: gold bullion and crude petroleum oil.
  • Imports, on the other hand, rely on approximately 126 commodities, contributing to two-thirds of the total import volume.

Principal Export Products

  • Ghana’s three main export products are gold (37.5%), mineral fuels and oils (30.6%), and cocoa beans and products (12.4%), collectively making up more than 80.0% of all exports.

Key Imports Categories

  • Mineral fuels and oils constitute the largest share of imports, accounting for 26.8% of total imports.
  • Machinery and electrical equipment contribute 13.3%, while chemical products make up 10.7% of imports.

Trade Relations

  • Ghana’s trade relations are predominantly with Europe, constituting more than a third of all exports (35.9%) and imports (39.2%).
  • Asia follows closely, representing 28.5% of all exports and 37.2% of imports.

Significance and Implications

Professor Samuel Kobina Annim, the Government Statistician, emphasized that the data presented in the report is a valuable tool for policymakers, economists, and stakeholders. It provides crucial insights that can guide future strategies to foster a balanced and resilient trade environment in Ghana.


This report underscores the importance of diversifying trade partners and products to enhance Ghana’s trade resilience and stability.

Source: Citibusinessnews