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13th August 2023 9:25:59 AM
1 min readBy: Chris Kodo

Trade interactions between Ghana and the United States (US) reached a remarkable sum of $3.7 billion in the year 2022, as highlighted in data divulged by the US Embassy situated in Ghana. This notable achievement solidified the US's position as Ghana's fourth most significant export destination, further affirming the substantial economic ties between the two nations.
Ghana's exports to the US in 2022 amounted to $2.7 billion and the main exports from Ghana include crude oil, cocoa (bean, paste, and butter), apparel, rubber, and cassava.
Ghana's imports from the US in 2022 amounted to $1 billion, and the major imports include cars, machinery, paper products, plastics, medical devices, fertilizers, and agricultural goods.
Ghana’s trade surplus with the US in 2022 was $1.8 billion, while trade in services is also growing strongly, the information said.
It also indicated that in that same year, US bilateral assistance to Ghana was over $150 million; and that went into financing health, economic growth, agriculture, education, human rights, governance, and security.
The US government in 2022 provided over $32 million in agricultural assistance to Ghana.
It stated that more recently, the US 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 centers in Africa, including Ghana,” it added.Ghana registered a total of $421 million in foreign direct investment (FDI) from the US in 2021.
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