Ghana

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 93rd largest goods trading partner with $1.3 billion in total (exports plus imports) goods trade during 2010. Goods exports totaled $983 million; Goods imports totaled $273 million. The U.S. goods trade surplus with Ghana was $716 million in 2010.

Exports

Ghana was the United States' 78th largest goods export market in 2010.

U.S. goods exports to Ghana in 2010 were $983 million, up 37.3% from 2009.

The top export categories (2-digit HS) in 2010 were: Mineral Fuel (oil) ($305 million), Machinery ($198 million), Vehicles ($141 million), Special Other (low value estimates) ($35 million), and Iron and Steel Products ($35 million).

Imports

Ghana was the United States' 100th largest supplier of goods imports in 2010.

U.S. goods imports from Ghana totaled $273 million in 2010, a 102.5% increase ($138 million) from 2009.

The five largest import categories in 2010 were: Cocoa ($182 million), Mineral Fuel (oil) ($24 million), Wood ($19 million), Precious Stones (gold) ($19 million), and Vegetables (yams) ($6 million).

Trade Balance

The U.S. goods trade surplus with Ghana was $716 million in 2010, a 22.1% increase from 2009.