The country recorded a strong trade surplus in the 10 months of last year.
According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020.
The trade surplus is bigger than what was achieved during the same period last year and could even grow larger this year, exceeding the $2.2 billion dollars registerd.
The country recorded a strong trade surplus in the 10 months of this year.
According to the Summary of Economic and Financial Data by the Bank of Ghana, the nation recorded $1.7 billion dollars trade surplus, about 2.6% of Gross Domestic Product in October 2020.
The trade surplus is bigger than what was achieved during the same period last year and could even grow larger this year, exceeding the $2.2 billion dollars registerd.
Non Traditional Exports have also witnessed some growth this year as against last year’s performance despite the coronavirus pandemic.
Following the registration of a strong trade surplus, the nation’s currency would be the major beneficiary from increased gross international reserves, unless something untoward happens.
Source: Mynewsghana
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