US-Ghana bilateral trade rises 56% to $1.9b in 2011 – White House

The total value of trade between the United States and Ghana recorded a significant growth of 56% over the 2010 figures to $1.9 billion in 2011, according to a White House factsheet obtained by ghanabusinessnews.com March 9, 2012.

The factsheet indicated that US exports to Ghana were valued at $1.2 billion in 2011, up from $963 million in 2010.

“Two-way total trade between the United States and Ghana was valued at $1.9 billion in 2011, a 56% increase over 2010. US exports to Ghana were valued at $1.2 billion, up from $963 million in 2010,” the White House factsheet said.

Over the past five years exports of US goods and services have increased over 186%, it added.

A US Department of Commerce data on Ghana-US trade seen by ghanabusinessnews.com disclosed that Ghana’s total export to the US in 2011 was $778 million.

By Ekow Quandzie