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Ghana

Ghana Flag

AGOA Status: Ghana is eligible for AGOA this year. It also qualifies for textile and apparel benefits.

Trade Agreements: The U.S. and Ghana signed a Trade & Investment Framework Agreement (TIFA) in 1999. The fifth U.S.-Ghanaian TIFA Council Meeting was held in January 2008. Later that year, the United States and Mauritius launched bilateral investment treaty negotiations. That year, the U.S. and Ghana also opened exploratory discussions on the possibility of negotiating a bilateral investment treaty (BIT).

U.S. - Ghana Trade Facts

Ghana is currently our 89th largest goods trading partner with $1.5 billion in total (two way) goods trade during 2014. Goods exports totaled $1.2 billion; goods imports totaled $272 million. The U.S. goods trade surplus with Ghana was $915 million in 2014.

According to the Department of Commerce, U.S. exports of Goods to Ghana supported an estimated 5 thousand jobs in 2014.

Exports

Ghana was the United States' 77th largest goods export market in 2014.

U.S. goods exports to Ghana in 2014 were $1.2 billion, up 20.8% ($204 million) from 2013, and up 283% from 2004.

The top export categories (2-digit HS) in 2014 were: mineral fuels (oil) ($429 million), machinery ($177 million), vehicles ($159 million), meat (poultry) ($69 million), and plastics ($41 million).

U.S. exports of agricultural products to Ghana totaled $129 million in 2014. Leading categories include: poultry meat & prods. (ex. eggs) ($69 million), wheat ($21 million), rice ($11 million), soybean meal ($9 million), and processed vegetables ($7 million).

Imports

Ghana was the United States' 105th largest supplier of goods imports in 2014.

U.S. goods imports from Ghana totaled $272 million in 2014, down 25.8% ($94 million) from 2013, and up 86.8% from 2004.

The five largest import categories in 2014 were: cocoa ($190 million), wood and wood products ($22 million), precious metal and stone (gold) ($14 million), vegetables (yams) ($9 million), and special other (returns) ($7 million).

U.S. imports of agricultural products from Ghana totaled $216 million in 2014. Leading categories include: cocoa beans ($158 million), cocoa paste & cocoa butter ($33 million), fresh vegetables ($9 million), tree nuts ($7 million), and rubber & allied products ($4 million).

Trade Balance

The U.S. goods trade surplus with Ghana was $915 million in 2014, a 48.4% increase ($298 million) over 2013.

Investment

U.S. foreign direct investment (FDI) in Ghana (stock) was $3.6 billion in 2013 (latest data available), a .5% decrease from 2012.

There is no information on the distribution of U.S. FDI in Ghana.

Ghana's FDI in the United States (stock) was $37 million in 2014, up 32.1% from 2013.

The distribution of Ghana’s FDI in the United States is not available.

 

NOTE: No services trade data with Ghana are available.