Trade Deficit Narrows As Oil Imports Decline

Ghana's companies sold fewer products overseas for the period January to May, 2014 but the trade deficit narrowed because of a big decline in gold and crude oil imports. The trade deficit narrowed significantly to $156.6 million from January to May 2014, compared with a deficit of $990.8 million in the corresponding period of 2013. It fell by 7.5% ($5.9 billion) from the $6.3 billion recorded in the same period of 2013. This was mainly due to lower earnings in gold and crude oil, the latest Monetary Policy Read Full Story