Virginia Palmer
The total trade in goods between the United States and Ghana hit an all-time high of $3.7 billion in 2022.
Also, Ghana had a $1.8 billion trade surplus with the United States in 2022, the US Embassy in Accra has disclosed.
According to the Embassy, “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.”
The United States government continues to support economic development as Ghana’s top development partner.
In 2022, U.S. bilateral assistance to Ghana totaled over $150 million with programs in health, economic growth, agriculture, education, human rights, governance, and security.
Last year, the U.S. government also provided over $32 million in agricultural assistance in Ghana.
More recently, the U.S. Development Finance Corporation announced new support for $25 million in financing for micro, small, and medium-sized enterprises in the agricultural sector in Northern Ghana.
Supporting digital economic development, the United States recently announced a $300 million investment in data centres in Africa, including Ghana.
A Business Desk Report