Ghana's Informal Cross-Border Trade
Ghana recorded GH¢7.4 billion worth of informal cross-border trade (ICBT) in Q4 2024, accounting for about 4.3% of total trade, according to the Ghana Statistical Service (GSS).
Dr. Alhassan Iddrisu, the Government Statistician, noted that the findings highlight the significant contribution of unrecorded trade to the economy, emphasizing the need to integrate informal traders into mainstream economic planning.
- The data was compiled from 321 border points across 10 regions.
- The survey measured both imports and exports of goods and services not captured in official trade records.
The findings highlighted the immense contribution of unrecorded trade to the economy and underscored the importance of integrating informal traders into mainstream economic planning.
Author's summary: Ghana's informal cross-border trade worth GH¢7.4 billion.