Exports in Ghana Market Analysis 2025 - by Country & Company | Tendata

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ten data blog2026-04-16

I. Overview of Ghana's Total Exports in 2025

According to recent economic reports, Exports in Ghana ended 2025 with its highest-ever export earnings, totaling approximately USD 31.1 billion. This figure represents a dramatic increase from the USD 19.1 billion recorded in 2024, marking a year-over-year growth rate of roughly 63%. This surge was largely fueled by the gold sector, where exports alone surpassed USD 5 billion in the first half of 2025, already exceeding the total export value of previous years. In addition the cocoa sector showed remarkable recovery, with exports in the first four months of 2025 reaching USD 405 million, a 92% increase compared to the entire previous year.


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II. Major Export Products in 2025

The composition of exports In Ghana in 2025 was overwhelmingly dominated by the gold sector, which experienced a historic surge, alongside a remarkable recovery in cocoa earnings. While traditional commodities like oil and manganese remained significant, the dramatic growth in precious metals and agricultural products reshaped the export portfolio for exporters In Ghana.


Export Value Share by Category:>>Get More Ghana Export Data via Tendata


Export Category

Export Value (USD Billion)

Value Share (%)

Growth Trend (YoY)

Key Drivers

Gold

$20.00

64.3%

↗↗ Rapidly Growing

Record high prices, increased production, formalization of artisanal mining

Cocoa & Products

$3.90

12.5%

↗↗ Rapidly Growing

Recovery from disease, higher global prices, improved harvest

Crude Petroleum

$3.80

12.2%

→ Stable / ↘ Declining Share

Stable production volumes, offset by price volatility

Manganese Ore

$1.20

3.9%

→ Stable

Consistent demand from steel industries

Timber & Wood

$0.80

2.6%

↘ Declining

Stricter sustainability regulations, reduced logging quotas

Other (Tuna, Aluminum, etc.)

$1.40

4.5%

Mixed

Niche market demand

Total

$31.10

100%

+63% Total Growth

Gold & Cocoa Boom

Data Source: Tendata Platform


· Rapidly Growing Categories:

Cocoa


· Declining Categories:

Crude petroleum

Timber


The landscape of exports In Ghana in 2025 was defined by a "dual boom" in gold and cocoa, which together accounted for nearly 77% of the nation's total export earnings. Gold emerged as the undisputed leader, with earnings doubling to approximately $20 billion, driven by both elevated global prices and increased output from large-scale and regulated small-scale mining operations. This surge fundamentally altered the export mix, reducing the relative share of other commodities even where their absolute values remained stable.


III. Major Export Destinations in 2025

The landscape of exports in Ghana has undergone a notable transformation, with traditional partners being complemented by emerging markets in the Middle East and Asia.


Market Share by Country:>>Get More Ghana Export Data via Tendata


Rank

Destination Country

Export Value (GH₵ Billion)

Market Share (%)

Primary Commodities

1

United Arab Emirates (UAE)

104.0

25.9%

Gold, Crude Oil

2

India

64.3

16.0%

Gold, Cocoa, Oil

3

Switzerland

56.8

14.2%

Gold (Refined)

4

China

48.5

12.1%

Crude Oil, Minerals

5

United States

32.4

8.1%

Crude Oil, Cocoa

6

Netherlands

24.6

6.1%

Cocoa, Oil Products

7

South Africa

18.2

4.5%

Manufactured Goods

8

United Kingdom

15.8

3.9%

Cocoa, Gold

9

Turkey

12.4

3.1%

Cocoa, Minerals

10

Other Markets

24.6

6.1%

Diversified

Data Source: Tendata Platform


For businesses engaged in exporting in Ghana, diversification beyond the top three markets is advisable to mitigate concentration risk. Emerging markets in Asia, the Middle East, and within Africa present significant growth opportunities. Additionally, value-added processing of cocoa and minerals before export could enhance profit margins and reduce vulnerability to commodity price fluctuations.


IV. Trade Partners and Buyer Data in 2025

Ghana's export sector demonstrated remarkable growth in 2025, recording $17 billion in export earnings by August 2025 and achieving a record $6.2 billion trade surplus. The nation's export portfolio remains dominated by gold, crude petroleum, and cocoa products, with India emerging as the primary destination market.


Ghana's Major Export Companies by Transaction Value(2024-2025):>>Get More Ghana Export Data via Tendata

Exporter Name

Trade Count

Export Value (USD)

Value Share

Primary Product

Standard Chartered Bank

287

$2.48 billion

28.2%

Gold

HSBC Bank PLC

133

$1.87 billion

21.3%

Gold

GoldBod Ghana Gold Board

1,964

$1.58 billion

18.0%

Gold Dore Bars

Ghana Gold Board Bank of Ghana

895

$568.4 million

6.5%

Gold

Wellgold DMCC

568

$454.9 million

5.2%

Gold

MKS PAMP SA

36

$253.7 million

2.9%

Gold

Glencore Energy UK Ltd

7

$234.7 million

2.7%

Crude Oil

TOTSA Total Energies Trading SA

6

$210.2 million

2.4%

Crude Oil

Gold Saddle FZCO

217

$168.0 million

1.9%

Gold

Ghana Gold Board

6

$143.0 million

1.6%

Gold

Data Source: Tendata Platform


Overseas Buyers by Purchase Value(2024-2025):>>Get More Ghana Export Data via Tendata

Buyer Company

Country

Trade Count

Purchase Value (USD)

Value Share

Product Category

MMTC PAMP India Pvt Ltd

India

456

$4.61 billion

52.4%

Gold

Edelweiss Metals Limited

India

2,920

$2.32 billion

26.4%

Gold Dore Bars

Augmont Enterprises Limited

India

669

$515.7 million

5.9%

Gold

Hindustan Petroleum Corporation Ltd

India

10

$295.0 million

3.4%

Crude Oil

Indian Oil Corporation Ltd

India

13

$286.8 million

3.3%

Crude Oil

Narrondass Manordass

India

180

$141.0 million

1.6%

Gold

Chennai Petroleum Corporation Ltd

India

2

$138.3 million

1.6%

Crude Oil

IGR Ausom LLP

India

223

$132.2 million

1.5%

Gold

Bharat Petroleum Corporation Ltd

India

1

$74.6 million

0.8%

Crude Oil

Zaveri and Co Pvt Ltd

India

147

$66.4 million

0.8%

Gold

Data Source: Tendata Platform


Actual Transaction Records (Selected Months 2024-2025):>>Get More Ghana Export Data via Tendata

Month

Trade Count

Export Value (USD)

Quantity (units)

Weight (kg)

Avg. Unit Price

December 2025

1,110

$1.18 billion

5.31 million

18.3 million

$221.88

November 2025

602

$1.00 billion

4.50 million

518.4 million

$222.45

October 2025

813

$980.9 million

3.97 million

7.08 million

$246.89

September 2025

981

$794.8 million

2.57 million

11.80 million

$308.75

August 2025

789

$725.0 million

3.16 million

135.1 million

$229.62

July 2025

616

$649.6 million

2.07 million

158.3 million

$313.35

Data Source: Tendata Platform


The concentration of exports in Ghana toward India and the dominance of gold in the export portfolio present both opportunities and risks. Diversification into value-added cocoa products and expansion into European markets (Belgium, Netherlands, Germany) could reduce dependency on single-market exposure. Additionally, the presence of major international banks as export facilitators underscores the importance of maintaining robust financial infrastructure to support exporters in Ghana as they navigate global trade dynamics.


V. Tendata and Its Ghana Data Sources and Reliability

Tendata’s Ghana trade database is built on a multi-source integration model combining official customs data, port shipment records, and international statistical datasets. Specifically, core data originates from the Ghana Revenue Authority and national statistical systems, which compile export records under standardized international trade frameworks, ensuring consistency and credibility . To improve coverage, Tendata also incorporates mirrored trade data from global partners and commercial shipping intelligence, allowing users to fully analyze exports In Ghana even when certain direct disclosures are limited. This hybrid approach aligns with how global trade data is typically constructed—leveraging both official national sources and cross-country reporting to enhance completeness .


In terms of authority, Ghana’s export data is considered reliable because it is fundamentally derived from government-controlled customs systems responsible for supervising and recording all cross-border transactions. These datasets are further cleaned, standardized, and cross-verified across multiple sources, ensuring high accuracy for analyzing exporting In Ghana, including key metrics such as HS codes, shipment values, buyers, and trade routes. Moreover, Tendata offers more advanced paid data services, providing shipment-level granularity (e.g., bill of lading details, importer/exporter names, pricing, and transaction frequency), which enables deeper market intelligence, precise buyer identification, and actionable export strategy development .


Overall, Tendata not only ensures authoritative and structured access to Ghana trade data, but also enhances it with high-resolution, commercially actionable insights—making it a practical tool for businesses seeking to understand exports In Ghana and optimize their global exporting In Ghana strategies.


FAQ: Ghana Export Data and Market Insights

1.What are the key drivers behind exports In Ghana in 2025?

The strong growth of exports In Ghana in 2025 was mainly driven by the gold and cocoa sectors. Gold alone contributed a dominant share of export earnings, benefiting from rising global prices and increased production. Meanwhile, cocoa exports showed a strong recovery, making these two sectors the backbone of Ghana’s export expansion.


2.Who are the main exporters In Ghana?

The leading exporters In Ghana include large-scale mining companies, state-linked oil producers, and major agricultural exporters, particularly in cocoa. In addition, international financial institutions and trading firms play a key role in facilitating export transactions, especially for high-value commodities like gold and crude petroleum.


3.Which countries are the top destinations for exports In Ghana?

India stands out as a primary destination for exports In Ghana, especially for gold. Other important markets include countries in Europe such as Belgium, the Netherlands, and Germany, as well as emerging markets in Asia and the Middle East. For exporters In Ghana, expanding into these diversified markets is critical to reducing dependency on a single buyer country.


4.What challenges do exporters In Ghana face?

Despite strong growth, exporters In Ghana face risks related to over-reliance on commodities like gold and limited market diversification. Price volatility in global commodity markets can significantly impact export earnings. Additionally, insufficient value-added processing in sectors like cocoa limits profit margins and competitiveness in global trade.


5.How can businesses access detailed exports In Ghana data?

Businesses can use platforms like Tendata to access comprehensive exports In Ghana data, including shipment-level records, buyer details, and pricing trends. This helps exporters In Ghana identify reliable buyers, analyze demand patterns, and develop data-driven export strategies to improve global competitiveness.

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