News
Ghana records GH¢44.7bn trade surplus in 2024

Published
4 weeks agoon

The country last year recorded a trade surplus of GH¢44.7 billion, the Ghana Statistical Service (GSS) 2024 Trade Report has revealed.
It said the country’s export in 2024 stood at GH¢294.9 billion exceeding imports of GH¢250.2 billion.
The trade surplus, which was about eight times more the trade surplus recorded in 2023 estimated at GH¢5.3 billion, the report said was driven by gold exports.
The value of Gold exports, which stood at GH¢162.98 billion, it said accounted for 55.3 per cent of total exports of the country.
Speaking at the launch of Ghana 2024 Trade Report and 2024 fourth quarter trade newsletter in Accra yesterday, the Government Statistician, Prof. Samuel K. Annim, said petroleum oils and oils drove the country’s exports, accounting for 17.8 per cent of exports at a value of GH¢54.2 billion.
Cocoa beans and product exports accounted for 5.1 per cent of exports last year, at a value of GH¢14. 96 billion.
Prof. Annim said exports recorded higher increases across all months in 2024 with an average month-on-month percentage change of 4.5 per cent compared to 3.7 per cent for imports.
He said in 2024, the highest trade surplus was recorded in December and May was the only month that recorded a deficit of GH¢14.7 billion.
The Government Statistician said Asia remained the highest export destination, followed by Europe and Africa.
On imports, he said in 2024, mineral fuels and oils were mainly imported from Europe, accounting for nearly 48.9 per cent of total imports.
He said a diverse range of commodities were imported from Asia with electrical equipment (20.5 per cent) and mineral fuels and oils (19.6 per cent) recording the highest shares.
“China (14.9 per cent), the United Arab Emirates (7.7 per cent) and India (13.7 per cent) were the primary source of imports from Asia in 2024, accounting for a combined 77.3 per cent of total imports from the continent,” Prof. Annim stated.
The Deputy Government Statistician, Faustina Frempong-Ainguah, said Ghana must take advantage of the Africa Continental Free Trade Area initiative to increase her exports.
She also said the country must take advantage of her competitive advantage to produce food for Africa.
The Deputy Government Statistician urged policymakers, academia and the business community to use the report to influence their policy and business decisions.
The President of Ghana Traders Union Association (GUTA), Dr Joseph Obeng, expressed worry about the drop of cocoa as a major export commodity for the country.
He called for a study to ascertain the cause of the fall of cocoa as a major export commodity.
You may like
Sam George authorises dismissal of about 100 Ghana Post staff over irregular recruitment
High Commissioner of Barbados to Ghana pays courtesy call on Minister of Health
‘Last Stop’ premieres on Friday, March 28
VP Opoku-Agyemang chairs Armed Forces Council
Muntaka sworn in as Member of Armed Forces Council
Pitch Invader in Ghana-Chad Game Sentenced to 100 Days Imprisonment
News
Sam George authorises dismissal of about 100 Ghana Post staff over irregular recruitment

Published
17 hours agoon
March 25, 2025
Communications Minister, Sam George, has authorised the dismissal of nearly 100 staff of the Ghana Post Limited, citing an irregular recruitment process.
The affected staff members were employed after the December 7, 2024, election, a period during which the minister says proper procedures were not followed.
Speaking about the decision, Sam George expressed his commitment to clearing the ministry of individuals whose recruitment was not in line with the established protocols.
He stated that as the head of the ministry, he could not work with staff members whose employment was marred by irregularities.
“If you are a minister and you take over a ministry that has 3,117 staff in the ministry and its agencies and 600 were recruited after December 7, you cannot expect me to come and inherit such a mess, and so the rationalisation is ongoing,” he told the press on Tuesday.
He added, “Today, I have authorised a termination of a few more at Ghana Post, almost 100 that were done post-election.”
The Communications Minister explained that the irregular recruitment had created a situation where positions were filled without following due process, leading to inefficiencies within the department.
The Ningo-Prampram legislator emphasised that he is on a mission to “Clean up the ministry to make sure that it is lean and efficient and carries out its works.”
The government has been reverting many post-election employment in the public sector, which it says was done without following the laid down procedures in various sectors of the economy.
Source: myjoyonline.com
News
High Commissioner of Barbados to Ghana pays courtesy call on Minister of Health

Published
18 hours agoon
March 25, 2025
The High Commissioner of Barbados to Ghana, Juliette Byone-Sutherland, paid a courtesy call on the Minister of Health, Kwabena Mintah Akandoh, to discuss key issues in the health sector.
During the meeting, Mr.Akandoh highlighted the need for increased funding to ensure the effective implementation of healthcare processes.
To address the challenges faced by health workers in rural areas, the Minister mentioned a proposed package of incentives, including an additional 20% of their basic salaries, quicker promotions, and scholarships for further training.




He also emphasised the importance of providing steady leave with pay to encourage health workers to remain in these areas.
Mr.Akandoh stressed the need for six additional hospitals to cater to the new regions created in Ghana. He also discussed plans to upgrade regional and teaching hospitals to attract more skilled health workers.
In response, High Commissioner Byone-Sutherland expressed her appreciation for the Minister and the government’s efforts to improve the health sector.
She also suggested that nurses from Barbados could benefit from health training programmes in Ghana, gaining practical experience in the field.
This courtesy call highlights the importance of collaboration and knowledge sharing between countries to improve healthcare outcomes.
The Ministry of Health remains committed to addressing the challenges faced by health workers and ensuring that Ghanaians receive quality healthcare services.

Vice President Naana Jane Opoku-Agyemang is chair of the newly appointed Armed Forces Council.
Established under Article 211 of the 1992 Constitution, the Council provides strategic leadership and oversight to ensure the Ghana Armed Forces remain effective, modern, and disciplined.
In his address to the Council members, President Mahama emphasised their critical role in the military’s governance and administration.
He underscored the government’s unwavering commitment to modernising the Armed Forces to address evolving security threats, ranging from terrorism and cybercrime to climate-related challenges.
“The responsibility placed on your shoulders as a Council is one of great national importance,” President Mahama stated.
He added that “The strength of our Armed Forces depends not only on the bravery of the men and women in uniform but also on the leadership policies and decisions that guide them.”
The president’s key priorities include capacity-building programs to enhance personnel skills, investment in modern military technology and equipment, enhanced infrastructure development, and improved welfare and support systems for military personnel and their families.
President Mahama also highlighted the increasing role of technology in modern warfare, urging the Council to embrace innovation and data-driven security solutions in developing the nation’s defence strategy.
The President emphasised the importance of strengthening partnerships with ECOWAS, the African Union, and international allies to address global security threats.
The President called on the Council to uphold the highest standards of ethical conduct, transparency, and accountability within the Armed Forces, stressing that corruption and misconduct have no place in the military.
He expressed gratitude to the outgoing members of the Armed Forces Council for their dedicated service. He congratulated the newly sworn-in members, expressing confidence in their ability to serve with honour, wisdom, and unwavering commitment to Ghana.

Sam George authorises dismissal of about 100 Ghana Post staff over irregular recruitment

High Commissioner of Barbados to Ghana pays courtesy call on Minister of Health

‘Last Stop’ premieres on Friday, March 28
Trending
- Politics7 months ago
Voter Register Discrepancies: NDC to stage nationwide protests against EC
- News8 months ago
Arise Royals Montessori School Marks 2nd Graduation.
- Entertainment9 months ago
Ghanaian musician Champions Gaza Peace with New Track
- News4 months ago
King of Igbo Community in Ghana congratulates Mahama as President-elect of Ghana.
- Entertainment9 months ago
Steps to receive an official GWR certificate – Details from mother of a Ghanaian record holder
- More7 months ago
Young people urged to develop their talents
- News9 months ago
Cancer Support Network Foundation holds gala
- News9 months ago
Dedicate a Portion of GDP for investment in AI to improve health and reduce poverty – Prof. Samuel Kojo Kwofie