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Thursday 28 January 2016

Gold surprisingly overtakes cocoa and crude oil in export ernings


The country’s earnings from the exports of gold, cocoa and crude oil for 2015 went down marginally compared to what the country got in 2014. According to the latest economic and financial data released by the central bank, Ghana...
got about 10 billion dollars for 2015, compared to 10.7 billion dollars in 2014. The data showed that cocoa exports earned 2.5 billion dollars2.5 billion dollars for crude oil and some 3.5 billion dollars for gold. Non-Traditional exports yielded 2.4 billion dollars, slightly lower than the 2.491 billion in 2014. For some analysts, the numbers released by the Bank of Ghana is interesting. This is because, gold which has not been doing that well actually brought in more, compared to cocoa and crude oil which had been initially doing very well on the international market.

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