Ghana’s primary source of imports in 2022 was China, accounting for a value of approximately GH¢25 billion.
The Ghana 2022 Trade Vulnerability report, released by the Ghana Statistical Service (GSS) on August 15, 2023, revealed that no other country’s imports exceeded GH¢20 billion.
Import values from all African countries remained below GH¢5 billion.
The report highlighted China as the foremost country of import origin, contributing GH¢26.4 billion.
The top five import countries collectively represented GH¢74.3 billion, which is half of the total import value for 2022.
Following China were the United Kingdom, the Netherlands, the United States of America, and India.
Mineral fuels and oils formed the predominant trading commodities for the United Kingdom (84.1%) and the Netherlands (82.3%).
However, for the other countries in the top five, no single commodity accounted for more than half of the imports.
Vehicles and automotive parts constituted the leading import items from the United States of America (38.5%). Machinery and electrical equipment made up the highest share for China (25.1%), while other products (26.4%) were prominent for India.
Produced in collaboration with the Ghana Revenue Authority (GRA), the Ghana 2022 Trade Vulnerability Report utilized data for analysis.
The report also indicated that total imports in 2022 amounted to GH¢148.6 billion, while total exports stood at GH¢144.1 billion, resulting in a trade deficit of GH¢4.5 billion.