Ghana’s Trade Surplus Grows 12.5% in H1 2024 Amid Gold Export Surge
Ghana’s trade surplus expanded by 12.5% in the first half of 2024, reaching $1.8 billion, driven by a 47% increase in gold exports. Despite this growth, cocoa revenue dropped by 48%, highlighting challenges in the agricultural sector. The Ghanaian cedi weakened by 23% against the dollar, reflecting economic pressures. Key indicators show mixed results, with oil exports rising by 17% and gross international reserves increasing to $6.9 billion. As Ghana faces fluctuating commodity prices and rising public debt, strategic measures are essential for sustainable economic growth.
Italian Exports Surge by 10.7% in April, Led by Growth in Key Markets
Italian exports surged by 10.7% in April compared to last year, with positive growth seen in trade with both EU and non-EU countries. The trade balance showed a surplus of +4,807 million euros, indicating a strong recovery in trade performance. The increase in exports to Germany is particularly noteworthy, signaling a positive outlook for Italy’s export sector.