As part of Hon. Kennedy Agyapong submission at TESCON University of Ghana meeting recently monitored by straightnewsonline.com, he revealed that Ghana has made strides in agricultural production since 2018 which reflected in trade surplus.
Trade surplus in Economics means the value of a country’s exports to imports. When the the difference between exports and imports is positive, then there is trade surplus. When it’s negative, it is trade deficit, when it is zero(0) it is called trade balance.
According to Assin Central Member of Parliament, from 2018-2019 Ghana’s trade surplus in agricultural sector was $1.3bn and 2020 when the COVID-19 was devastating the economy it was $759m.