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IMF advises Ghana to diversify export commodities

Posted on 11 April 2014

Division Chief of Research at the International Monetary Fund (IMF), Thomas Helbling, has asked managers of Ghana’s economy to diversify the country’s exports to minimize shocks that come with declining prices of gold and cocoa.
Ghana has lost about $1.5 billion over the last few years because of declining prices of gold and cocoa on the international market. According to the Bank of Ghana, earnings from gold exports dropped to $5 billion from 5.6 billion dollars for last year, while cocoa also declined to $1.6 billion from $2.2 billion in 2012………………………………………..Full Article: Source


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