Ghana’s trade with the US hits a record high $1.8 billion trade surplus

“Trade in services is also strong and growing. With the African Growth and Opportunities Act (AGOA) trade preferences, Ghanaians can export more than 6,500 products to the United States duty-free,” as stated by the Embassy.

In 2022, the value of all commodities exchanged between the US and Ghana reached an all-time high of $3.7 billion. According to the US Embassy in Accra, Ghana had a $1.8 billion trade surplus with the US in 2022.

Additionally, the US government gave Ghana about $32 million in agricultural aid last year. The U.S. Development Finance Corporation has announced expanded support for micro, small, and medium-sized firms in the agricultural sector in Northern Ghana totaling $25 million in finance.