Ghana records GH¢11.5 billion trade surplus in Q1 2024

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• Capricorn 9 months ago

  Not true. This's a cooked figure. It would have reflected in our xchange rate. How can we record 11.5 billion trade surplus with this week currency? When your fundamentals are weak, the xchange rate will expose you.

  Not true. This's a cooked figure. It would have reflected in our xchange rate. How can we record 11.5 billion trade surplus with this week currency? When your fundamentals are weak, the xchange rate will expose you.

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• Zach 9 months ago

  Because of high debt levels and inflation that trade surplus cannot make the cedi strong

  Because of high debt levels and inflation that trade surplus cannot make the cedi strong

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• The Mask 9 months ago

  You know the figure doesn't make economic sense. A surplus will lead to falling interest rates and a stronger cedi, but the opposite is happening. Ghana must calculate the figure again.

  You know the figure doesn't make economic sense. A surplus will lead to falling interest rates and a stronger cedi, but the opposite is happening. Ghana must calculate the figure again.

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• The Mask 9 months ago

  Well I think this figure isn't as useful because we don't know the net foreign transfers. We need to know the capital account balance.

  Well I think this figure isn't as useful because we don't know the net foreign transfers. We need to know the capital account balance.

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• Thief of Staff - Akosua Frema 9 months ago

  Stop reporting and disturbing us with this trade surplus news. It is, mainly, due to crude oil exports which proceeds do not belong to Ghana. The volumes of crude oil exported made our exports and its proceeds to be more than ...
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  Stop reporting and disturbing us with this trade surplus news. It is, mainly, due to crude oil exports which proceeds do not belong to Ghana. The volumes of crude oil exported made our exports and its proceeds to be more than the imports and its proceeds. Apart from the report showing economic, financial and statistical importance, it's of no monetary benefits to Ghana.

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• Cooked figures 9 months ago

  This flies in the face of the hypothesis by Ghana's economic McGuire. It is highly probable that imports are under declared. There's no way we can have balance of trade surplus and experience this vicious depreciation of the ...
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  This flies in the face of the hypothesis by Ghana's economic McGuire. It is highly probable that imports are under declared. There's no way we can have balance of trade surplus and experience this vicious depreciation of the cedi.

  reply