Switzerland imported over $2 billion worth of gold from Ghana in 2016 alone for conversion to finished products for the world market.

This shows an overwhelming increase of about $90 million over the 2015 figure of $1 billion.

Charge de Affairs of the Swiss Embassy in Ghana, Roland Fischer, announced this at the annual Swiss-Ghanaian Chamber of Commerce (SGCC) cocktail and business executives meeting in Accra.

Trade statistics

In 2014 alone, the volume of trade between Switzerland and Ghana hit $1.8 billion and has since been rising every year.

Within the same period, Ghana imported $14.8 billion, making it the 87th largest importer in the world.

Over the last five years, the imports of Ghana, have increased at an annualized rate of 13.7 percent from $7.8 billion in 2009 to $14.8 billion in 2014.

The most recent imports are led by refined petroleum which represents 14.7 percent of the total imports of Ghana, followed by crude petroleum which accounts for 3.68 percent.

Source: Daily Guide Africa