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Ghana records consistent surplus as trade with U.S. hits 1.42 billion

Ghana records consistent surplus as trade with U.S. hits 1.42 billion

Ghana records consistent surplus as trade with the United States rose to $1.42 billion in the first half of 2025, according to recent government trade data. The impressive growth underscores Ghana’s expanding export capacity and its strengthening economic ties with the U.S.

The Ministry of Trade and Industry revealed that Ghana’s exports to the U.S. increased significantly, led by gold, cocoa, and agricultural goods. Imports, however, grew at a slower pace, helping sustain the positive trade balance. Analysts say this outcome highlights Ghana’s improving competitiveness and its focus on diversifying export markets.

Officials credited the trade surplus to value-added production and the government’s export diversification agenda. Emphasis on local processing, improved quality standards, and better logistics has strengthened Ghana’s international trade position. The report also cited enhanced private-sector collaboration and favourable trade agreements as key contributors to the surplus.

Experts have urged Ghana to sustain this performance by investing in infrastructure, technology, and export-oriented industries. They cautioned that global price volatility and logistical challenges could affect long-term gains if not carefully managed.

The government expressed optimism about maintaining the surplus through deeper cooperation with the U.S. and increased investment inflows. Trade delegations are expected to visit American states later this year to promote Ghanaian products and explore new opportunities in textiles, processed foods, and energy materials.

If current trends continue, Ghana may record its largest annual trade surplus with the U.S., bolstering investor confidence and contributing to broader economic growth in 2025.

source

#Vitus@GTS