Ghana Oil Imports 2026 Market Overview & Trends

Unlocking Opportunities in Ghana Oil Imports Market: Trends, Strategies, and Growth Insights

$122.5 m

Market Size

missing data

Import Volume

United States

Key Trading Partner

~18346.32%

Market Growth Rate

Oil Market Overview in Ghana

AI Insight

Ghana's oil import market has entered a phase of exponential expansion, with import values rising from 3,600 in 2021 to over 122 million in 2023. This trajectory is defined by a staggering 18,346% growth rate, almost exclusively driven by petroleum crude oil (HS 270900). The United States has established a dominant competitive position as the top supplier (75.4M), followed by Kazakhstan (45.5M). This data suggests a strategic pivot toward high-volume energy imports from North American and Central Asian partners to meet domestic demand.

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5-Year Import Volume

AI Insight

Ghana's import value has experienced an extraordinary surge. Starting at a modest 3,600 in 2021, the value climbed to 709,070 in 2022, before skyrocketing to 122,496,000 in 2023. This exponential growth indicates a massive expansion in trade volume over just three years.

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Top 5 Supplier Countries

United States

61.7%

Kazakhstan

37.2%

Angola

0.76%

Greece

0.28%

Turkey (Turkiye)

0.06%

AI Insight

In 2023, the United States and Kazakhstan emerged as the dominant suppliers, with export values of 75,488,600 and 45,512,900 respectively. Together, they represent the vast majority of the market, significantly outpacing other partners like Angola, Greece, and Turkey.

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Import Growth Analysis

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18346.3%Annual Growth

AI Insight

The market has demonstrated an unprecedented growth rate of 18,346.32%. This figure highlights a rapid and aggressive expansion phase, reflecting a fundamental shift in the scale of import operations within the sector.

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Emerging Supply Markets

AI Insight

The United States is the leading emerging partner, showing a massive growth rate of 1,887,214 and a latest value of 75,488,600. While Kazakhstan and Angola also contribute significant values, the US growth trajectory is the primary driver of recent market changes.

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Related Products You May Import

AI Insight

The trade is concentrated in petroleum crude oil (HS 270900), which accounted for a total value of 122,496,340 in 2023. This single product category defines the sector's performance and trade focus for the year.

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Oil Import Requirements in Ghana

Before Shipment

Obtain NPA Import License and EPA permit. Secure Certificate of Quality (CoQ). Complete pre-shipment inspection by Ghana Standards Authority (GSA) approved agencies. Ensure compliance with national petroleum specifications and safety standards before vessel departure.

Documentation Required

Key documents: Bill of Lading, Commercial Invoice, Packing List, and Certificate of Origin. Must also include the Import Declaration Form (IDF) generated via ICUMS, plus the Certificate of Quality and NPA discharge authorization for final customs clearance and release.

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Oil Imports and Free Trade Agreements in Ghana

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African Continental Free Trade Area (AfCFTA)
ECOWAS Trade Liberalization Scheme (ETLS)
Ghana-EU Interim Economic Partnership Agreement (iEPA)
Ghana-UK Strategic Partnership Agreement
Global System of Trade Preferences (GSTP)

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Features

Tariff Tracker

Gain complete visibility into your import costs with a custom tariff watchlist. Track duty rates, policy changes, and compliance requirements for every imported product in a centralized dashboard. Benefit from instant insights and automated alerts, so you can proactively manage risks and optimize your supply chain.

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Import Requirements

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Market Opportunities

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