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LIST: See Ghana’s top 10 imports in 2024

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Ghana’s import landscape in 2024 was dominated by fuel, machinery, and agricultural products, with ten key commodities accounting for 33.4 percent of total imports, according to the latest Ghana Statistical Service (GSS) Trade Report.

The highest-value import was Diesel (Automotive Gas Oil – AGO) for the Tema Oil Refinery (TOR), amounting to GH₵28.9 billion and constituting 11.6 percent of total imports.

It was closely followed by light oils and motor spirit (super), which stood at GH₵24.1 billion, or 9.6 percent.

Other notable imports included self-propelled bulldozers, cement clinker, and used vehicles (1,500cc–3,000cc).

Breakdown of Ghana’s top 10 imports in 2024

Diesel – Automotive Gas Oil (AGO) for TOR – GH₵28.93 billion (11.6%)

Light oils, motor spirit, super – GH₵24.12 billion (9.6%)

Self-propelled bulldozers with 360° revolving superstructure – GH₵6.20 billion (2.5%)

Cement clinker – GH₵4.83 billion (1.9%)

Used vehicles (1,500cc–3,000cc) – GH₵4.20 billion (1.7%)

Cereal grains, worked but not rolled or flaked – GH₵3.37 billion (1.3%)

Petroleum oils and oils obtained from bituminous minerals, crude – GH₵3.34 billion (1.3%)

Medium oils, Kerosene-type jet fuel (ATK) – GH₵3.16 billion (1.3%)

Guts, bladders, and stomachs of animals (excluding fish) – GH₵2.69 billion (1.1%)

Herbicides, anti-sprouting products, and plant-growth regulators – GH₵2.61 billion (1.0%)

Ghana’s trade surplus strengthens economic outlook

Despite the high import bill, Ghana’s total exports soared to GH₵294.9 billion, surpassing imports of GH₵250.2 billion and resulting in a GH₵44.7 billion trade surplus. This marks a significant improvement from the previous year, driven by strong performances in gold, petroleum, and cocoa exports.

The 2024 Annual Trade Report also highlights Ghana’s increasing trade activity with African nations, with exports to the continent nearly doubling compared to imports. Experts attribute this to Ghana’s strategic role in the African Continental Free Trade Area (AfCFTA).

In the final quarter of 2024, Ghana recorded a GH₵20.5 billion trade surplus, up from GH₵6.1 billion in Q4 2023, as exports hit GH₵92.9 billion against imports of GH₵72.4 billion.

While fuel and industrial machinery continue to dominate Ghana’s import list, the nation’s growing export strength signals a positive economic trajectory heading into 2025.

Source: Graphic Online

 

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Business

NEIP and MoFA Partner to Boost Poultry Agribusiness Under Adwumawura Programme

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The National Entrepreneurship and Innovation Programme (NEIP) has signed a Memorandum of Understanding (MoU) with the Ministry of Food and Agriculture (MoFA) to scale up support for agricultural entrepreneurs through the Adwumawura Programme.

 

The partnership seeks to strengthen Ghana’s agribusiness sector by combining MoFA’s technical expertise with NEIP’s entrepreneurship training initiatives.

 

As part of the agreement, MoFA will provide high-quality poultry feed and deliver technical and field support to programme beneficiaries. NEIP, on the other hand, will equip entrepreneurs with practical business training and essential resources, including hen coops, to help them establish and expand their poultry ventures.

 

At the signing ceremony, officials from both institutions emphasized that the collaboration is tailored to empower small-scale poultry farmers, especially “nkoko nketenkete” entrepreneurs, to create jobs, grow agribusinesses, and contribute to sustainable economic development.

 

The initiative falls under NEIP’s broader Reset Agenda, which is focused on driving innovation, supporting small enterprises, and positioning agriculture as a central pillar of Ghana’s economic transformation.

 

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Commercial Transport Operators Threaten Strike Over Soaring Spare Parts Prices

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Commercial Transport Operators have issued a stern warning to government, demanding immediate action to reduce the high cost of spare parts or risk facing major disruptions in the transport sector.

 

In a statement dated September 9, 2025, the operators said they felt “compelled” to call on the Ministry of Transport, Ministry of Trade and Industry, Ministry of Finance, and the Parliamentary Select Committees on Trade, Industry, and Transport to swiftly intervene.

 

They recalled that in March 2025, during engagements with spare parts dealers and government officials, a promise was made to bring down spare parts prices, but nothing had been done since.

 

“Unfortunately, this promise has not been fulfilled, and the prices remain exorbitant,” the operators lamented.

 

The statement further warned: “If immediate action is not taken, we fear that the situation will escalate, and we may be forced to take drastic measures that could disrupt transportation services. We cannot continue to operate under these unsustainable conditions.”

 

They urged the relevant ministries and parliamentary committees to ensure that spare parts dealers adhere to their commitments, stressing that the survival of the transport industry—and by extension, the economy—depends on swift action.

 

“Failure to address this pressing issue will have severe consequences for our industry and the economy as a whole,” the statement concluded.

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GoldBod Unveils Bold Reforms to Transform Ghana’s Mining Sector

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The Chief Executive Officer of the Ghana Gold Board (GoldBod), Mr. Sammy Gyamfi, has announced sweeping reforms and strategic initiatives to position Ghana’s mining sector as a globally competitive and sustainable industry.

 

Speaking at the maiden edition of the Mining and Minerals Convention at the Kempinski Gold Coast Hotel, Mr. Gyamfi said the GoldBod was driving a paradigm shift from raw mineral extraction to value retention, with the goal of maximising national benefit from Ghana’s mineral wealth.

 

Between January and August 2025, small-scale gold exports facilitated by GoldBod reached a record 66.7 tonnes valued at $6 billion, surpassing the entire 2024 figure of 63 tonnes worth $4.6 billion. For the first time, small-scale gold exports outperformed large-scale mining exports over the same period.

 

Key reforms announced include:

 

Aggressive licensing reforms to promote responsible sourcing.

 

Scrapping of the 1.5% withholding tax on unprocessed small-scale gold.

 

Introduction of a nationwide traceability system to ensure transparency and compliance.

 

Partnerships requiring large-scale miners to supply 20% of their output to the Bank of Ghana for reserve accumulation.

 

 

To combat illegal mining, the GoldBod has pledged ₵5 million and five Toyota Hilux pickups to enforcement agencies, alongside a program to reclaim 1,000 hectares of degraded forest reserves beginning November 2025.

 

On value addition, Mr. Gyamfi announced plans for a state-owned gold refinery and an ISO-certified Assay Laboratory at Kotoka International Airport. Discussions are also underway to establish a “Gold Village” as a continental hub for jewellery production.

 

Calling for stronger investment, he urged local banks, pension funds, and financiers to channel resources into mining, stressing Africa’s need to transition from raw exports to beneficiation, from middlemen to tech-driven trade, and from youth as labourers to youth as innovators and owners.

 

“Ghana is resetting and Africa is rising. The GoldBod is ready. All we need now is courage and capital. Let us fund the minerals and mining sector differently. Let us transform it together,” Mr. Gyamfi concluded.

 

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