African economies were hit in the post-Lehman Brothers collapse in 2008, and history is repeating itself, says South Africa's finance minister.
"The new epicentre of the crisis in the eurozone is having a damaging effect on our economies," saidMore »
The International Trade Centre (ITC) and the Ghana Export Promotion Authority (GEPA) has launched the Business Counselling component of the ACCESS programme for Ghanaian businesswomen with the aim to prepare their enterprises for exports and also improve More »
UAE-based Emirates SkyCargo has commenced weekly service to Ghana using a B747-400F capable of carrying 117 tonnes to Kotoka International Airport, every Friday. The aircraft will fly via Lome, Togo, outbound and via Frankfurt on the return to Dubai.
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The Ministry of Trade and Industry (MoTI) has challenged the country’s industrial community to manufacture quality products that can withstand the threat posed by foreign products rather than waiting on the government to encourage protectionism in the locMore »
For the first time in West Africa, the world’s biggest consumer-goods trade fair, Ambiente 2012 has been launched in Accra, Ghana November 21, 2011.The launch, according to the organisers – Messe Frankfurt, is to give more insight to Ghanaian handicraMore »
Ghana is about to thrust into the much fancied European Union food market with the first 20 tonnes of honey to be shipped to Ireland by January 2012.The feat was facilitated by Atlas Foods Ghana Limited, with support of the relevant regulatory organisatioMore »
Mr. Seth Adjei-Baah, President of Ghana National Chamber of Commerce and Industry (GNCCI) on Tuesday called on government to put premium on the development of the private sector to reduce poverty.More »
The Ghana Export Promotion Authority (GEPA) through its export school on Thursday began a two-day intensive training in export marketing for exporters, corporative farmers, smock and basket weavers from various districts in the Upper East Region. The traiMore »
Fidelity Bank Ghana Limited and the Ghana Export Promotion Authority (GEPA) will soon team up to improve promotion of indigenous products abroad.To this end, the bank, a member of the Fidelity Group, made up of Fidelity Bank, Fidelity Capital Partners LimMore »
The Cocoa Processing Company Limited, manufacturers of cocoa butter, has been adjudged the overall exporter of the year 2010 in the country, at the 21st National Awards for Export Achievement on the theme: “Motivating Competitiveness and Sustainable ExcelMore »
Vice President John Dramani Mahama, has called for the development of services export since the country could not afford to continue to ignore the sector in its export portfolio for economic development.More »
The Nigerian market for non-traditional exports from Ghana has become unattractive to the country’s exporters, making Togo the country’s biggest market in West Africa, the country’s data on exports show.In 2010 Ghana’s non-traditional exports to Togo More »
President John Evans Atta Mills and his Nigerian counterpart Goodluck Jonathan have underscored the need for free trade to be enhanced within the West African Sub-region. The two Presidents stated this when they briefed press men on the various discMore »
Ghana’s burgeoning non-traditional exports (NTEs) are diversifying more towards the West African and Maghreb markets this year, to offset imminent shortfalls in earnings from its main crisis-hit European market.
“Since Europe, which accounts for apprMore »
The 72nd Exporters’ Forum 2011 takes place at the main Auditorium of the Ghana Trade Fair Company, La on Wednesday, 28th September, 2011 at 9: am. The highlights of the programme are as follows: interaction with Stakeholders in the industry, Launch of thMore »
Unemployment situation in the Northern Region can be addressed through the development of shea, soya, beans, mangoes, chillies pepper and yam, Mr Seidu Saaka Bakari, Zonal Officer, Ghana Export Promotion Council (GEPC), has observed.More »
Norpalm Ghana Limited (NGL), a palm producing company in the Ahanta West District of the Western Region has in the first-half of the year produced 60,000 metric tonnes of Fresh Fruit Bunches (FFB) as against 50,000 metric tonnes produced last year during More »
Ghana's annual inflation rate rose to 8.41 per cent in August from 8.39 per cent in July, the Ghana's Statistical Service said in Accra today. The increase is the first since February after consistent monthly drops, culminating in the loMore »
Ghana’s vast expanse of arable land and favourable weather positions the country as a potential producer and processor of fresh fruits and vegetables on a large scale.More »
Member country of the West African Monetary Zone (WAMZ) will soon have wholesale and retail payment infrastructures for their national needs and also for harmonisation within the zone.More »
Ghana's Ambassador to Benin, Modestus Ahiable, has urged African countries to collaborate economically through bilateral trade. He said Benin and Ghana have a lot to share in the ECOWAS Protocol of Integration.
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Figures released by the Ministry of Trade reveals that, Ghana's current banana export has exceeded the World Bank's target of expected output of 60,000 annually. Ghana is currently exporting 65,000 metric tonnes of banana per year according to the TMore »
In the President’s recent sessional address to Parliament, the problem of unemployment was singled out for special treatment. High on the government’s macro-economic agenda is the very crucial resolve to generate employment through export diversificatioMore »
The Ghana National Chamber of Commerce and Industry (GNCCI) is leading establishment of a common trade platform that will increase trade flows among ECOWAS countries. The platform, the ECOWAS Business Directory (ECOBIZ) system, is an online business inforMore »
World trade recorded its largest ever annual increase in 2010 as merchandise exports surged 14.5%, buoyed by a 3.6% recovery in global output as measured by gross domestic product (GDP), says the 2011 World Trade Report.More »
The World Bank’s Board of Executive Directors has approved a total investment cost estimated at 53.8 million dollars, of which IDA would finance 50.3 million dollars and 3.5 million dollars would be financed by a grant from the Global Environmental FaciliMore »
Hannah Tetteh, Minister of Trade and Industry, says the establishment of a commodity exchange and development of a regulated warehouse receipt system, to create immense opportunities for the agricultural sector and ensure price-stability, will be ready byMore »
The primary objective of any business is to find customers or clients and keep them. If this is done, profit will be generated and the business will grow. A business attracts customers and clients with products, which may be goods or services. But a businMore »
Mrs Agnes Adjei-Sam, Head of the Ghana Export Trade Information Centre, on Tuesday called for a concerted effort towards enhancing the competitiveness of women for increased trade and economic transformation to alleviate poverty.
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The First Ghana ACCESS 2 Workshop for Businesswomen in both local and international trade export was launched in Accra today. In her welcome address, Mrs. Agnes Gifty Adjei-Sam, National Focal Point Person of the Ghana Export Promotion Council, stated thaMore »
The Republic of Togo will in November 2011, host the sixth Trade Fair of the Economic Community of West African States (ECOWAS), a statement from the regional bloc says.
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The Ghana-European Union Joint Monitoring and Review Mechanism (JMRM) for the Voluntary Partnership Agreement (VPA) on Wednesday met in Accra to deliberate on various issues concerning the implementation of the agreement.
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The Maiden International Conference and Exhibition on Food Processing has been opened in Accra today. The 3-day exhibition being the first of a kind, attracted participants from both International and national exhibitors of food production, processing aMore »
Poor packaging accounts for the appalling performance of Ghanaian products in both the domestic and international markets, Ms Hanna Tetteh, Minister of Trade and Industry, said on Monday.
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The country’s economy grew by an annual 23 percent in the first quarter of this year compared to the same period a year ago, latest real Gross Domestic Product (GDP) estimates show.
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Since its inauguration in 2008, Sahel – Sahara Bank (BSIC Ghana) has focused on its core mandate of bridging the trade imbalance within African economies. The Bank, established with a strong focus on trade finance, has established a common platform paymenMore »
Local businesses need to enter into partnerships with their foreign counterparts to improve international trade, the Trade Minister has said. Government has been pursuing the agenda of export-led growth strategy. “Our commitment to encourage the eMore »
Local citrus farmers from the Eastern and Central regions are to benefit from organized spraying services aimed to improve farm yields and incomes, thanks to ADVANCE, a US initiative to make Ghana’s agricultural products competitive.
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A Moroccan investment team on Monday met their Ghanaian counterparts to explore ways to deepen bilateral trade ties for the mutual benefit of both countries.
The investment team that is on a trade road show to four African countries is seeking parMore »
Ghana, in the first quarter of this year, recorded a total of 4.1 million metric tonnes of maritime trade. The Ghana Shippers Authority says this was made up of about 3.1 million metric tonnes of imports and 1.0 million tonnes of exports.
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The Ministry of Trade and Industry on Monday said it was keenly monitoring the outbreak of e-coli in some vegetables imported from Europe. It said any development that was deemed significant would be communicated to the public. More »
The African Growth and Opportunity Act (AGOA) which the US government describes as the centerpiece of its trade policy with sub-Saharan Africa due to end in 2015 is likely to be extended for another 10 years to 2025, as exports of products from African coMore »
Director-General Pascal Lamy, in launching the WTO and IDE-JETRO joint publication “Trade Patterns and Global Value Chains in East Asia” on 6 June 2011 at the WTO, said that “by focusing on gross values of exports and imports, traditional trade statisticsMore »
The outlook for Ghana's economy is "favorable" due to higher commodity export prices and new oil production, the International Monetary Fund said on Thursday, but warned against rising inflationary pressures.
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Ghana’s economy grew by 7.7 percent in 2010, after a temporary slowdown in 2009, reflecting continued buoyancy of commodity exports as well as stronger construction and service sector activities. Spillovers from instability in Côte d’Ivoire have been limiMore »
The Industrial Policy and Industrial Sector Support Programme (ISSP 2011-2015) of the Ministry of Trade and Industry were, yesterday, launched in Accra.
The policy gives clear guidelines for the implementation of government’s industrial development agendMore »
Food losses in sub-Saharan Africa could be greatly reduced and billions of dollars a year could be saved by tackling the problem of post-harvest waste, the UN's food agency said on Tuesday.
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As part of mechanisms to enhance and accelerate trade growth between the United States (US) and the African continent, a press briefing to discuss the 2011 African Growth and Opportunity Act (AGOA) forum has been held.
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Ghana and Burkina Faso are exploring strategies to improve rainwater management for sustainable agricultural productivity as part of efforts to reduce poverty in the two countries.More »
Government’s Rural Enterprise Project established to increase rural production, employment and income, has improved the livelihoods of many people, Ms. Hanna Tetteh, Minister for Trade and Industry stated yesterday.
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The Association of Ghana Industries, AGI, Ghana’s most influential business association has endorsed Integriti Media’s Corporate Social Responsibility, CSR, publication for companies in Ghana.
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There are some key forces both pushing and pulling China into Africa. First, China now has the world’s largest amount of foreign reserves, reaching $3 trillion, more than twice that of Japan and far larger than most other countries. More »
Government is constructing a GH˘ 400,000 Arts Village at Aburi in the Eastern Region in an effort to bring all artists in the vicinity under one roof for effective marketing of their produce.More »
Collins Dauda, Minister of Transport, has noted that new airlines are expected to commence operations in Ghana soon. Making this known recently in Accra during the 25th Anniversary celebration of the Ghana Civil Aviation Authority (GCAA), he said: “CurrenMore »
The Acting Deputy Executive Director of the National Board for Small Scale Industries (NBSSI), Dawarnoba Baeka, has revealed that a national policy on industry to provide the leverage for small and medium enterprises (SMEs) to expand effectively would sooMore »
Private remittances from abroad in the first quarter of this year shot up to $673.8 million, the Bank of Ghana (BoG) has said.
This is compared to $449.9 million during the same period of 2010.
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Concluding a week-long trip to the U.S., a Ghanaian delegation launched a national farm show and an agricultural-focused multi-media platform to gain North American agri-business support. The National Food and Agriculture Show (FAGRO) and Farm Channel shaMore »
The Executive Board of the International Monetary Fund (IMF) completed on May 25 the third and fourth reviews of Ghana’s performance under the economic program supported by the Extended Credit Facility (ECF). The completion of the reviews will enable an iMore »
Ghana realized €11,076,250 from the export of 33,330 cubic metres of wood products in March 2011. This was contained in a report on Export of Wood Products in March 2011, released by the Timber Industry Development Division (TIDD) at Takoradi on Tuesday.More »
The number of restrictive trade measures taken by G20 economies increased over the past six months, a new monitoring report for the period from October 2010 to April 2011 has highlighted.More »
Vice President John Dramani Mahama, on Tuesday reiterated Government’s commitment to promoting mechanized farming to increase food production on relatively small-size land.He said the days of using hoe and cutlass for farming should give way to modern meMore »
The global economic climate is at its brightest since 2007, but there may be trouble ahead, according to the latest quarterly World Economic Survey by the International Chamber of Commerce (ICC) and the Munich-based Ifo Institute for Economic Research, puMore »
German air traffic officials have allowed traffic to resume at northern airports that had been closed due to elevated levels of ash Dubai: Airports in northern Germany have started to reopen as ash cloud dissipates. The airport in Bremen resumed flights aMore »
Philip Hammond: "We know much more about the composition, direction and size of the plume than we did last year". Ash from a volcanic eruption in Iceland could begin to drift across the UK towards the end of the week, forecasters have said.More »
The value of trade between Nigeria and Ghana has peaked at $620 million (N97.1billion), the Deputy Minister, Ghana Ministry of Trade and Industry, Mr Joseph Anna said.
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The Export Development and Investment Fund (EDIF) has introduced butternut squash, a fruit as a new export product from Ghana. Butternut, belongs to a group of crops collectively called cucurbit (a member of the gourd family, which includes pumpkin, melonMore »
Latest figures show Gross Domestic Product (GPD) rate for Ghana recording 7.7 percent growth for 2010, which is higher than the 6.5 percent projected by the Mills’ administration last year.More »
Africa’s Small and Medium Enterprises (SMEs) sector must be developed in order to ensure increased growth and sustainable development, explained Robert Zegers, AfDB’s Private Sector Coordinator for SME Finance and Idit Miller, EMRC VP & Managing Director,More »
Ghana's total exports increased 62 percent to $3 billion in the first quarter of 2011, boosted by shipments of oil from its nascent energy industry, Bank of Ghana Governor Kwesi Amissah-Arthur said.
Oil exports were worth $484.2 million, he told reportMore »
The number of middle class Africans has tripled over the last 30 years to 313 million people, or more than 34% of the continent’s population, according to a new report from the African Development Bank (AfDB). The reasons for the increase in size and purcMore »
Under the distinguished patronage of the Office of the Vice President and under the auspices of the Ministry of Trade and Industry, in collaboration with the ECOWAS Commission, the Ghana Investment Promotion Centre, the West African Business Development WMore »
Mr Dawarnoba Baeka, the Acting Deputy Executive Director, National Board for Small Scale Industries (NBSSI), has said the soon to be launched national policy on industry would provide the leverage for small and medium enterprises (SMEs) to expand effectivMore »
The Ghanaian economy grew by 7.7 percent last year while the total value of goods and services produced was valued at 46 billion Ghana cedis.
That is according to the revised GDP estimate released by the Ghana Statistical Service for 2010.
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Ghana’s trade deficit narrowed year-on-year to US$284.6 million in the first quarter of 2011 as oil exports of US$484.2 million provided a boost to the country’s total export receipts.
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Stakeholders at a Ghana-European Union (EU) Business forum in Accra last week came to a consensus that there is a need for Ghana to consolidate the Interim Economic Partnership Agreement (IEPA) initialed with the European Union and the need to speed up neMore »
Ghana’s economic growth accelerated to an annual 9.5 percent in the fourth quarter, bolstered by manufacturing and transportation, the Ghana Statistical Service said.
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Ghana Investment Promotion Centre (GIPC) in collaboration with the Ghana Embassy in Rome will hold a 2-day Business Forum in Italy.
The dates of the meetings fixed for 17th and 18th May will be held in Rome, at the Conference Hall of Italy’s Ministry of More »
The Chief Executive of Ghana Export Promotion Council (GEPC), Kojo Owusu Agyemang, says the Council is prepared to collaborate with local private sector associations and international organizations to build more export opportunities for Ghanaians.More »
The annual rate of inflation fell to 9.02 per cent in April from 9.13 per cent in March, helped by low food prices, the Ghana Statistical Service (GSS) said on Wednesday.
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President John Evans Atta Mills on Thursday received a special message from the President of Belarus, Alexander Lukashenko, indicating the interest of the Eastern European nation to forge stronger economic ties with Ghana.More »
The Ghana Export Promotion Council (GEPC) in collaboration with Open Trade Gate Sweden, the Swedish National Board for Trade and the Ghana National Chamber of Commerce & Industry (GNCCI) warmly invite you to a one-day seminar on “Exporting to Sweden” oMore »
The West Africa Building and Water Exhibition has opened in Accra on the theme “Infrastructure Challenges Facing Ghana in the 21st Century”.
The event is being organised by ACE Event Management from the United Kingdom and seeks to create a platform foMore »
The Ghana Embassy in Bamako, Mali, in conjunction with the Association of Ghana Industries, has held a nine-day Solo Trade Exhibition of made-in-Ghana products as part of its trade promotion activities in Mali as well as towards the enhancement of commercMore »
The rate of inflation fell to 9.13 per cent from 9.16 per cent in March, a marginal decline of 0.03 percentage points from February, the Ghana Statistical Service (GSS) said on Wednesday.More »
Ghana and Spain have initialled a bilateral Air Services Agreement and signed a Memorandum of Understanding (MoU) to allow direct flights between both countries.
More »
An Export Development Officer of the Ghana Export and Promotion Council (GEPC) has appealed to young entrepreneurs to go into export of non-traditional products.More »
The price of seed cotton has gone up by 43.3 per cent as the government seeks to revamp the sector and make it a major income earner for farmers.
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Trade and Industry Minister, Ms Hannah Tetteh said plans were underway to amend the Export Development and Investment Fund (EDIF) Act to include agriculture.
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Pan-African Bank, Ecobank Transnational Incorporated, formally launched its China Desk on Monday to help facilitate international trade, infrastructure projects and investments between Africa and Asia.More »
Alhaji Muhammad Mumuni, Ghana's Minister of Foreign Affairs and Regional Integration, has called for the elimination of obstacles to trade and economic relations between Ghana and Burkina-Faso while enforcing the laws against fraudulent activities.More »
The price of cotton is breaking new records to the upside, and mills in China and other Asian countries are struggling to meet supply needs. In Northern and Western Texas, cotton farmers have abandoned agreements to mills and traders. During the planting More »
The Minister of Trade and Industries, Ms Hannah Tetteh, has inaugurated two cold stores for two women's groups at Apam and Awutu-Bereku with a pledge that the government would not renege on its promise to offer strategic assistance to private businesses.More »
The Ghana Institution of Engineers (GIE) has been urged to collaborate with other industrial-based organizations to mount effective sensitization and training programmes to help to achieve acceptable standards of safety at the workplace.More »
Ghana is considered Turkey's third largest trade partner, Turkish President Abdullah Gul, said on Thursday at a trade investment forum organised in Accra.More »
The Minister of Trade and Industry, Hanna Tetteh, has called for a continental effort aimed at diversifying national economies away from primary production to ensure sustainable growth.
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Director, Africa and Regional Integration Bureau, Ministry of Foreign Affairs, on Wednesday urged the business community to take advantage of the numerous benefits under the ECOWAS Trade Liberalization Scheme (ETLS) to expand their businesses.
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Japanese ports handling as much as 7 percent of the country's industrial output sustained major damage from last week's earthquake, disrupting global supply chains and causing billions of dollars in losses, industry officials said.
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President John Evans Atta Mills yesterday expressed condolences to the families of those who lost their lives in a massive earthquake that hit north-eastern Japan, triggering a tsunami that has caused extensive damage.More »
Dr Joseph Annan, the Deputy Minister of Trade, on Thursday said the Ayensu Starch Company would restart production within the second quarter of 2011.More »
Japanese trade and investment in Ghana have increased within the last two years, and Japan wants to use Ghana as a point to create the African Tigers like that of Asia.
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Ghana at the weekend stepped up efforts to globalize the indigenous "Smock," a traditional outfit originally associated with the northern sector of the country, through a contemporary fashion exhibition to showcase the uniqueness of the fabric.
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The United Nations' Industrial Development Organisation (UNIDO) has pledged to work with government to ensure the diversification of the Ghanaian economy to become globally competitive.
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Vice President John Dramani Mahama on Monday announced that the government, in collaboration with the World Bank and the African Development Bank, have put in measures to revive the cotton industry in Ghana.
More »
Ghana has acquired 20,000 hectares of land for mango cultivation and has now asked a group of top Indian businessmen to see how it could fit in their investment plans.
A 35-member delegation of the Federation of Indian Chamber of Commerce and IndustryMore »
The onset of oil production should push Ghana's economic growth to 12 percent this year, but inflation looks set to creep nearer double digits, a Reuters survey showed on Thursday.
Ghana looks set to be Africa's fastest growing country in 2011 because More »
Nigeria’s huge deficit in local rice supply, with an estimated gap of two million metric tonnes (mt), offers a huge potential market for neighbouring Ghana’s surplus par-boiled rice.
A study by USAID’s Expanded Agribusiness and Trade Promotion (E-ATP)More »
Ghana has the potential to produce 250,000 metric tons of lint cotton in the medium term, Mr Kwesi Ahwoi, Minister of Food and Agriculture has said. He said such tonnage would require the involvement of about 500,000 farmers in cotton cultivation across tMore »
The Northern Star Tomato
Factory (NSTF) has started buying tomatoes from local
farmers in the Upper East Region. Speaking in an interview with the Ghana News Agency, to
find out how MOTI was facilitating the tomato industry in the
Upper East RMore »
The Agricultural Development Bank is to open a branch at Tumu in Upper West to support cotton farmers and the Ministry of Food and Agriculture programmes, Alhaji Ibrahim Adam, Board Chairman of the Bank has announced.
More »
In 2009/10 season, according to predominant data of cocoa purchases declared by private buyers to COCOBOD (Ghana Cocoa Board) since the start of the year-long season in October 2009, the best reflection of output from the West African state, hit 615,880 tMore »
Mr Kojo Atta Krah, Managing Director of the Produce Buying Company said on Tuesday that the corporate body was vigorously pursuing plans to add value to shea nut for export. He said construction work on the 10-million-dollar processing plant wa= s progresMore »
U.S. Trade With Ghana Rose 48%
...to $1.3 Billion in 2010
Trade between the U.S. and Ghana rose 48 percent to $1.3 billion in 2010, Deputy U.S. Trade Representative Demetrios Marantis told reporters in Accra, today.
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President John Evans Atta Mills has pledged to support the cocoa sector in order to ensure that Ghana becomes the leading cocoa producer in the world.
He said this while commissioning a new cocoa processing plant in Takoradi this Friday.
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Government would launch a programme to revive the cotton industry next month dubbed: "White Gold" campaign at the cotton producing zones.
A statement signed by Nana Akrasi Sarpong, Acting Director of Communications and Public Affairs of the MinistrMore »
Mr Henry Bellingham, UK Foreign and Commonwealth Office Minister on Friday said Ghana ranked the 10th largest export market and the 12th largest import market in Africa to his country.
"Ghana's export partners includes The Netherlands 13.45 per cent;More »
Britain said on Friday it intends to double its bilateral trade with Ghana by 2015.
The European nation commended Ghana as a country with a reputation of good governance and expressed the desire to intensify bilateral trade with Ghana and other key AfMore »
The French government, through the French Development Agency (AFD), on Tuesday said a new format has been developed for developmental support for Ghana to revamp the economy.
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China will support Ghana to expand energy and transport infrastructure as well as facilitate exports of Ghanaian products, Mr Chen Deming, Chinese Minister of Commerce said on Wednesday.
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Ghana’s Gross International Reserves (GIR) has slightly increased to US$4.6 billion from US$4.4 billion by the close of January this year, translating to an average of 3.6 months import cover for goods and services from.
More »
The 15th International Trade Fair, which will be held at the Trade Fair Site, La, Accra from February 25 to March 18, 2011, promises to be an interesting one since a lot of foreign companies are expected to take part in the event.
More »
Yaw Adu Gyamfi, Chief Executive Officer (CEO) of DANADAMS Pharmaceutical Limited, has appealed to government to review the free zones tariffs, especially those that cover the export of finished products.
He made the appeal during a tour of some export coMore »
Ms Hannah Tetteh, Minister of Trade and Industry (MOTI) on Friday reiterated government’s support and participation at regional, bilateral and multilateral trade levels to ensure that Ghana’s interests are secured for the development of the country.
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Mr Frank Obeng, Upper East Regional Director of the Export Development and Investment Fund (EDIF) has reiterated Government's commitment to ensure growth and development of the economy through trade.
More »
The European Union (EU) and the Economic Community of West African States (ECOWAS) have signed an agreement in the Nigerian capital, Abuja, under which the EU would provide 37 million Euros for the construction of three joint border posts in West Africa.
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The Export Development and Investment Fund (EDIF) is hopeful of disbursing approximately GH˘56.91million for the year 2011 to promote the growth of small businesses in the county, acting Chief Executive Mr. Agyabeng Antwi-Agyei told B&FT.More »
Ms Hanna Tetteh, the Minister of Trade and Industry, on Wednesday appealed to players in the micro, small and medium-scale enterprises (SMEs) industry to be more professional in their record-keeping if the sector was to contribute to Ghana's Gross DomestiMore »
Ghana is ranked at 114th on the World Economic Forum’s (WEF) Global Competitiveness Index report for the year 2010 to 2011. The first report was released in 1979.
The country has been cited for its strong public institutions and relatively high governmenMore »
Ghana’s Export Development and Investment Fund has reached a deal with British produce buying company Minor, Weir and Willis that should help address the age-old problem of access to foreign markets experienced by local farmers.
More »
The Export Development and Investment Fund (EDIF)= , has reached a marketing partnership deal with British Produce Buying Company; Minor, Weirs and Willis, to purchase the produce under its mango development project.More »
The Governments of the Republics of Ghana and Japan have signed and exchanged notes for a Multi-Donor Budget Support Programme, (MDBS), of $4.1 million for 2011, in Accra, on Friday.
More »
”Oil is money and we need money to do the schools, the roads, the hospitals. Even without oil, we are doing so well already. Now, with oil as a shot in the arm, we are going to fly.”- Former President J.A. Kufuor.
More »
Algeria’s economy, dominated by its oil and natural gas industry, must diversify its exports and create jobs to help tackle its problem of high youth unemployment, says the IMF.
More »
The European Parliament on Thursday backed an agreement aimed at ending the 16-year banana war, the longest-running dispute in the history of international trade.
More »
The Shea nut industry is estimated to employ about 6000 women and men across the entire Northern Ghana. This was made known at a Shea nut forum organized by Trade Aid Integrated in Bolgatanga and financed by Oxfam GB.
More »
The European Parliament on Thursday (3 February) approved a tariff deal between the EU and Latin American banana producers, marking the end of a 16-year long trade war. MEPs also urged the bloc to boost its compensation aid to the 10 former European colonMore »
The Ghana Export Promotion Council (GEPC) is to strengthen and enhance its relationship with new and existing export companies in the promotion of export activities.
More »
Mr Mahama Ayariga, Deputy Minister of Trade and Industry (MOTI) said on Thursday that Ghana is poised for growth through government's prudent economic policies and programmes.
More »
Venture Capital Trust Fund (VCTF), a project- financing public institution, is to focus on the funding of yellow maize production this year to support the country's poultry and livestock industry.
More »
Ghana: World Bank approves US$215 million for Ghana
Accra, Ghana - The World Bank board has approved a US$215 million Poverty Reduction Support Credit (PRSC) to the Government of Ghana. The goal of the credit is to support the government's efforts to cMore »
Ghana, the latest entrant to the club of African oil producers, has sold its first oil exports to ExxonMobil.
The US oil company has bought cargoes of Jubilee crude loading on 1-7 January and 8-18 January from trading companies Vitol and Trafigura, ReuMore »
Oil revenue or oil production has never brought an enormous abject poverty to Western nations. But the desperation, apathy, migration, an economic system void of middle class among Africa or third world oil producing nations is alarming and disheartening.More »
President John Evans Atta Mills on Thursday said Government would nurture the cocoa, coffee and sheanut industries and improve the lot of farmers to make them effective partners in building the Ghanaian economy.
More »
The Government of Ghana and the European Union (EU) have signed four financial agreements, totaling 26.0 million Euros to help reinforce the democratic environment for peaceful, transparent and credible elections in 2012.
More »
The World Bank has projected that Ghana would be the fastest growing economy in Sub-Saharan Africa, with growth rate of 13.4 per cent in 2011, dropping to 10 per cent in 2012.
More »
The rate of inflation fell to 8.58 per cent year-on-year in December, down from 9.08 per cent in November.
The rate is the lowest since June 1992, when it stood at 8.4 per cent.
More »
Increased trade is one of the best ways to fight poverty, so rich countries should do more to open their markets to goods from developing countries, a report issued on Monday said.
More »
At Business Sense 2011 conference, delegates will be addressed by officials from a joint Italian-Ghanaian initiative (Ghana Private Sector Development Facility), established to provide credit facilities for Ghanaian SMEs.
More »
The global economy will slow this year, with developing countries such as India and China providing a greater share of growth, the World Bank has predicted.
The bank estimates that global GDP growth will be 3.3% this year against 3.9% in 2010, with emeMore »
Tullow Oil plc, an oil and gas exploration and production group, on Monday announced that it has discovered gas offshore Ghana.
It said its concession called the Tweneboa-3 appraisal well in the Deepwater Tano licence offshore had successfully encounteMore »
Kosmos Energy has encountered gas/condensate in the Tweneboa-3 appraisal well offshore Republic of Ghana. The Deepwater Tanto block well confirms the Greater Tweneboa Area potential, Kosmos says.
More »
The Bolgatanga Basket Weavers Co-operative Club (BBWCC) has inaugurated a showroom in Accra, to serve as a point to market their products in the country.
More »
Ms Hannah Tetteh, Minister of Trade and Industry on Wednesday said Ghana was targeting about five billion dollars from non-traditional exports by 2015.
More »
The Minister for Trade and Industry, Ms. Hannah Tetteh has said government will empower the private sector to stimulate growth and create the needed employment in the country.
More »
Ghana is very busy improving the quality of its fruit and vegetable products even further. A logistic centre is being built at Kotoka International Airport in Accra.
More »
About 30 exporters in Ghana have lost an estimated $72,000 as a result of the grounding of 7,000 flights in Europe, due to the excessive snow that hit the continent during the yuletide. They also lost an estimated $148,000 in freight charges.
More »
The International Trade Centre (ITC) announces for the information of its clients that its online market analysis tools will remain free of charge for users from developing countries in 2011. ITC has developed five web portals: Trade Map, Market Access MaMore »
As of January 1, 2011 the eighth edition, Incoterms 2010 have effect. Incoterms 2010 were launched in mid-September 2010. The changes therein affect all of the five terms previously listed in section D, which are now obsoleted and replaced with these thrMore »
The Export Marketing and Quality Awareness Project (EMQAP) has organized a field day on good agricultural practices (GAPS) in pineapple production for farmers in the Kwaebibirem District.
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Mr Zafer Caglayan, Turkish State Minister of Foreign Trade on Tuesday called on entrepreneurs in Ghana and Turkey to collaborate to survive in the global economy.
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Vice President John Dramani Mahama on Tuesday announced closer economic relations between Ghana and Turkey in the coming years.
"Our relations dates back to 1958, but due to some strange happenings, that relationship ended in 1981, but I am so happy tMore »
Ghana on Wednesday joined the league of oil producing countries when it officially poured its first oil at the Jubilee Oil Field offshore Cape Three Points in the Western Region.
At exactly 1000 hours, President John Evans Atta Mills steered the wMore »
The rate of inflation fell to a near 20-year low of 9.08% in November, a decline of 0.30 percentage points from October, the Ghana Statistical Service (GSS) said on Wednesday.
The rate is the lowest in about two decades since the 8.4% recorded in JMore »
About 67 Turkish companies on Tuesday began a four-day exhibition of their products in Accra, with a call on the Ghanaian authorities to put in place measures to check double taxation of foreign entrepreneurs.
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The Upper East Regional Minister, has called on the Tariff Advisory Board (TAB) to liaise with the Ministry of Trade and Industry (MOTI) to stem the negative activities of foreign companies and their local agents.More »
The oil-rich Saudi Kingdom has expressed interest in investing in Ghana’s oil and gas industry. Ghana starts drilling oil commercially from 15th December 2010.
The Crown Prince of the Saudi Kingdom gave hints of his country’s interest when he spoke to CiMore »
The preoccupation of the Economic Community of West African States (ECOWAS) to tackle political upheavals in the Sub-region is diverting the attention of the body in achieving its core objectives of economic and social integration.More »
Ms Hanna Tetteh, Minister of Trade and Industry at the weekend said effective communication was the key to the success of businesses at it reflected the company's policies and ideologies for better understanding. She said government was considering collabMore »
The Food and Beverages Association of Ghana (FABAG) on Thursday appealed to government not to implement the proposed Economic Community of West African States (ECOWAS) tariff harmonisation until neighbouring countries were ready to do so.
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Government would collaborate with citrus and oil palm processing Companies in the Nsamfo municipality of the Central Region to arrest post-harvest losses.
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Ghanaian entrepreneurs and companies that participated in the just-ended Solo Exhibition of Made in Ghana goods in Equatorial Guinea have secured promising business deals worth thousands of euros in that country.
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The Association of Ghana Industries (AGI) is asking government to waive the duty on specific imported raw materials used mainly for manufacturing, to increase production levels and to accelerate the pace of industrialization.
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Management of Continental Christian Traders (CCT) Limited plans to penetrate the Equatorial Guinea market by March 2011 to represent Ghana's Trade Centre in the capital, Malabo.
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Ghana Export Promotion Council (GEPC) is to establish a Ghana Trade Centre in Malabo, Equatorial Guinea to facilitate daily trade in Made-in-Ghana goods, Mr. Kwadwo Owusu Agyemang, Chief Executive Officer of GEPC disclosed to journalists on Wednesday 24thMore »
The Minister for Finance and Economic Planning, Dr. Kwabena Duffuor, yesterday recounted the government's major achievements in the 2010 budget, saying significant progress have been made to ensure a resilient and stable economy.
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Mr. Gregorio Boho Camo, the Equatorial Guinea President of the Bioko Chambers of Commerce, Agriculture and Forestry, has lauded Ghana's diversified and stable economy.More »
The 20th National Awards for Export Achievement, 2009 comes off on Friday, 19th November 2010 at the Banquet Hall, State House, Accra At 6:30 Pm.
The National Awards for Export Achievement Scheme was introduced in 1989 by Ghana Export Promotion CouncMore »
A new initiative is being undertaken to revive the local jewellery industry, which is almost on the verge of collapse.
The initiative, a collaboration between Development Dimensions Limited - a jewellery manufacturing firm - and the College of Arts andMore »
Dr Stephen Opuni, Chief Executive Officer of Food and Drugs Board, (FBD) in Ghana has said it is unfortunate Ghana is still struggling with product quality, expertise and knowledge in current food safety management systems.
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A new industrial policy aimed at ensuring that local businesses are able to offer high and competitive products, in order to gain access to the global market will be launched by government soon.
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Ghana's Gross Domestic Product (GDP) has gone up more than 60 per cent after a statistical re-basing of the economy to capture new sectors such as oil exploration, forestation and telecommunications, Dr Grace Bediako Government Statistician, said in AccraMore »
Ghana on Monday reaffirmed its faith and commitment to trade and bilateral ties with Sweden and gave an assurance to finding ways to increase and strengthen the ties for mutual benefits.
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The Ghana Community Networks Services Limited, a Ghanaian Public-Private Partnership (PPP), has been adjudged theBest Public-Private Partnership Company in West Africa.
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Ghana realized Euro 12,506,030 from the export of 36,145 cubic metres of wood products in August, according to the Timber Industry Development Division (TIDD) Report on Export of Wood Products for August 2010.
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The Ghana Investment Promotion Centre (GIPC) has acquired tracts of land in strategic parts of the country to facilitate the location of investments in the country.
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The Minister of Chieftaincy and Culture Mr Asum Ahinsan has announced that the Government would support the local industry to grow in order to generate more employment. More »
Ms Hannah Tetteh, Minister of Trade and Industry (MOTI) has attributed the problems faced in the West African sub-region on trade issues to lack of communication.
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The government of Ghana is developing a trade and investment program dubbed the “Middle East Strategy” to engage the Arab World to tap experience for Ghana’s economic growth, Mahama Ayariga, deputy minister of Trade and Industry, said Thursday during a meMore »
The Ghanaian German Association (GGEA) has said that to attract the necessary investments from Germany and the European Union (EU) into the ECOWAS sub-region, trade barriers must be eliminated.
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Maize farmers in the Brong-Ahafo Region can now have value for their products following the commissioning of a certified warehouse receipt center at Nkoranza, a farming community in the region.
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The services sector has displaced agriculture as the biggest contributor to national income, that’s according to the first ever half-year national income estimates released by the Ghana Statistical Service.
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Mr. Roy Ayariga, Co-ordinator of the Northern Rural Growth Programme (NRGP) has observed that Ghana has a huge potential to produce and process soybeans for local consumption and export.
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Ghana is to collaborate with Egypt in the fields of research, private sector investment, seed and textile production, marketing, and transfer of knowledge and skills towards the revival of the cotton industry in Ghana.More »
Mr. Abraham Koomson, General Secretary of the Textile Workers Union, announced on Thursday that the textiles companies in collaboration with the security agencies have stepped up the network to arrest and destroy all pirated fabrics.
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The Deputy Trade Minister, Mahama Ayariga on Wednesday said a West African-wide Economic Partnership Agreement (EPA) with the European Union would be implemented sooner than later.
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The Export Development and Investment Fund (EDIF) has donated farm inputs worth GH˘99,952.50 to a Pineapple Farmers' Association in Mfantseman.
The association called Blue Skies Organic Collective (BSOC) is made up of pineapple farmers from Abor, NMore »
The Second Phase of the Business Sector Advocacy Challenge (BUSAC) Fund was on Wednesday launched in Accra to offer about 500 business organisations grants totalling 14 million dollars to invest and expand their businesses.
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A high-powered Indian business delegation from the Confederation of India Industry (CII), led by Mr. K. S. Aswathanarayana, chief executive officer of Jaguar Overseas Limited, New Delhi, held a round table meeting with their Ghanaian counterparts in AccraMore »
A stakeholders' forum on the revamping of the ailing cotton industry has issued a communiqué calling on the government to take urgent steps to revamp the industry.
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Produce Buying Company (PBC) Limited is investing in a 10-million dollar facility to enable its subsidiary company, PBC Shea Limited, process sheanuts into butter for export to Brazil by the end of 2010More »
The ECOWAS Commission would organise a week-long sensitisation workshop on the ongoing negotiation of an Economic Partnership Agreement (EPA) between West Africa and European Union for a free trade area between the two regions.More »
Mr. Mahama Ayariga, Deputy Minister of Trade and Industry, on Wednesday announced that the government had secured GH˘5 million to revamp the cotton industry to make it viable and productive.
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The Ministry of Trade and Industry is in the process of formulating a five-year national export strategy, focusing mainly on increasing non-traditional export earnings from $1.2 billion to $5 billion by 2015.
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The 19th Dakar International Fair comes on from the 2nd – 13th of December 2010 in Dakar, Senegal under the theme; ‘The Development of Agriculture: A Means to Boost Regional Economic Integration’.
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The Vice President of Ghana, John Dramani Mahama has said the shea industry is an attractive business earning about 30 million dollars of foreign exchange for the national economy.
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Ms Hanna Tetteh, Minister of Trade and Industry, on Monday said Ghana's economic growth depends largely on the ability of industrialists to add value to raw and unprocessed materials for export.More »
An experiment has proved that the shea tree could be matured or bear fruits in a gestation period of between three to six years.
Dr. Joshua Yidana, Head of the Horticultural Department of the University for Development Studies (UDS) who is conductiMore »
Ghana's bid to become the Business Process Outsourcing (BPO) hub for English Speaking West Africa would receive a boost when delegates from around the world converge in Accra for the Ghana Outsourcing Leadership Summit 2010.
The IT Enabled Services SecMore »
The Business Sense 2011 conference is aimed at existing and new businesses in Ghana. Business Sense aims to bring thought leaders, business experts, etc to share and mentor entrepreneurs to embrace efficient and sustainable business practices in a modern More »
Ghana is the third best Sub-Saharan African country to live in terms of education, health, quality of life, economic competitiveness, and political environment, a Newsweek magazine ranking has said.
According to the magazine's first-ever Best CountrieMore »
Ms Hanna Tetteh, Ghana's Minister of Trade and Industry (MOTI) on Wednesday inaugurated a 16-member Task force to be responsible for the seizure and disposal of imported and pirated Ghanaian textiles on the marketMore »
Ghana, in the first quarter of this year, recorded a total of 3,370,757 metric tons of maritime trade.
The total maritime trade consisted of 2,413,711 metric tons of import trade, and 957,046 metric tons of export trade through the Tema and TMore »
Observers at a one-day workshop on the new Ghana Customs Trade Lane (GCe-TRAK) system for Customs, Excise and Preventive Service (CEPS) at Aflao have cautioned that the scheme's high service charge would make import-export business expensive and unattractMore »
The United Nations Conference on Trade and Development (UNCATD) said on Thursday that global foreign direct investment (FDI) flows bottomed out in the later half 2009 and then achieved a modest recovery in the first half of this year.More »
GCNet has contracted Infotech, its technology partner that has proven track-record in Asia, Africa and the Middle East, to carry out the electronic registration of businesses in GhanaMore »
Exporters and businesses who engage the Ghana Export Promotion Council will now have dedicated business oriented officials to assist them in their dealings.
This follows an overhaul in the Council’s approach to business.
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Ghana has signed a development agreement with African Centre for Economic Transformation (ACET) to provide technology, knowledge and skills to transform the country's economic fortunes.
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Mr. Kobina Ade Coker, Board Chairman of the Ghana Export Promotion Council (GEPC) has appealed to the government to seed two per cent of proceeds from the Export Development and Investment Fund to the Council.
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As part of activities to notify stakeholders of these changing requirements, the Ghana Standards Board (GSB) in collaboration with the Ministry of Trade and Industry and the Standards Council of Canada, have developed an Export Alert Notification System.
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A 17-Member Russian and Belarus trade delegation including five Ministers of State is to visit Ghana next week to meet President John Evans Atta Mills to discuss trilateral investment cooperationMore »
The Ghana Export Promotion Council (GEPC) has held an Export Week to dialogue and interact with the exporter community on how they could collaborate to grow the economy through exports. The key activity for the week was a Press Soiree to launch GEPC’s Re-More »
The Kotoka International Airport is gradually becoming the hub of air transport in the West African sub-region as nine new international airlines have expressed interest to operate in Ghana in the near future.More »
The Dubai Chamber of Commerce and Industry on Sunday hosted a delegation of 20 Ghanaian businessmen, as part of its efforts to reach out to the promising economies of Africa.More »
This notification indicates the required documentation that should accompany exports from Ghana to the Nigerian Market, under ECOWAS ETLS arrangement.More »
Transit reforms initiated by Government of Ghana to streamline activities in the import and transit sector have attracted applause from the World Bank Group. These reforms, which it believes were a huge success, the World Bank Group has also recommended fMore »
Ghana Dot Com Limited, a descendant of Network Computer Systems, has become the third company in Africa to be accredited Registrar of Internet domain names in the generic Top Level Domain (gTLD) names registries.More »
Brussels Airlines,a new addition to airliners operating in Ghana, would commence flights from Accra to Brussels in July 2010.There would also be a multitude of connections to over 50 destinations in Europe and more than 900 destinations world wide, througMore »
Inflation has reduced again for the tenth consecutive month. The rate for April dropped to 11.66 per cent from the previous month’s figure of 13.3 per cent.
This is the lowest in more than 27 months. It means even though prices of goods and services geMore »
Mr Mahama Ayariga, the Deputy Minister of Trade and Industry, has said the first batch of Ghanaian entrepreneurs, manufacturers and investors seeking to participate in the Shanghai Expo 2010 would leave Accra mid-May to China.More »
Eminent development economist Dr. Paul Collier, Director of the Center for the Study of African Economies at Oxford University, warned on Monday that expanding the trade preferences currently reserved for eligible African nations by the African Growth andMore »
The Vice President of Ghana, John Dramani Mahama has asked all people with ideas and interest in government policy to take advantage of the ongoing Ghana Policy Fair.
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The Committee on Safeguards, on 26 April 2010, reviewed five notifications of new or amended legislation and 43 safeguard actions by WTO members, including reports of termination of investigations without imposition of measures.
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Barclays Bank Ghana will in September send a group of small and medium scale entrepreneurs to China to explore opportunities, an official of the bank said on Monday. The trip, being sponsored under the bank's local business club initiative, will enable thMore »
Britain has expressed confidence in the prospects of Ghana’s economic growth and development. The British High Commissioner to Ghana, Dr Nicholas Westcott, said the confidence was buoyed by the number of British companies doing business in Ghana and the iMore »
The Government of Ghana is to build an additional airport in the Western Region to serve the needs of the business community, especially the budding oil sector and other emerging business opportunities.
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Provisional data on the external sector indicate that Ghana’s total merchandise exports for the first quarter of 2010 amounted to 1.7 billion dollars, a growth of 20.9 per cent on year-on-year basisMore »
The discovery of oil and gas in the Tano Basin in the Western Region has presented many challenges to the authorities of the Takoradi Port, with the greatest being the non-availability of space.
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Ghanaian businesses, especially exporters of perishable cargos, are beginning to feel the pinch of the European airports closure. Most of the airports in Europe have remained shut to airlines since last Thursday as a result of the volcanic ash clouds thatMore »
From now onwards, illegal importers of textile and other items would face difficult times as a taskforce comprising various stakeholders has been set up to deal with smuggled products that flood the Ghanaian market.
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The Ghana Embassy in Senegal is embarking on a programme to promote made-in-Ghana goods in Dakar, through the participation of Ghanaian companies in fairs being organised by the Senegalese authorities.
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Swiss Migros supermarkets ran out of roses today. Exotic fruit and asparagus from the U.S. may be the next items European shoppers won’t be able to find.
Retailers in Europe are reporting shortages after authorities started grounding airplanes April 15 bMore »
The committee undertook a review of the macroeconomic situation against the background of developments in the global economy. The Committee also assessed developments in the pace of domestic economic activity and evaluated results of surveys on businessesMore »
Some 60 companies from Ghana are participating at the on-going 5th Abuja International Trade Fair, the Director in charge of the General Promotions Division of Ghana Export Promotion Council, Mr. Gerald Nyarko- Mensah, said.
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The volcanic ash cloud that has grounded many flights could deal a bigger economic blow to the airline industry than the attacks on the United States on September 11, 2001, the EU's transport commissioner said on Monday.
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The Ministry’s attention has been drawn to growing anxiety among our compatriots holding manually written or non-machine readable passports which are to be phased out following the introduction of the Biometric Passports and wishes to assure the general pMore »
Delta Airlines, the world's leading airlines, would start direct flights from Accra to Atlanta U.S.A. on June 3, 2010, Mr Bobby Bryan, Commercial Manager of East and West Africa, announced in Accra on Tuesday April 13 2010.
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The Ghana Export Promotion Council (GEPC) is organizing Ghana’s participation in the 39th Tripoli International Fair which takes place in Tripoli from the 20th to 30th April 2010. The Ministry of Food and Agriculture, Federation of Associations of GhanaiaMore »
Ghana Export Promotion Council (GEPC) has organised 20 producers and exporters to participate in the Abuja International Fair currently underway in Nigeria from 8th to 20th April 2010. The delegation was led by the Chief Executive Officer of GEPC, Mr. KwaMore »
As part of its expansion policy in Africa, Turkish Airlines, a Star Alliance member, said it will commenced flight operations to Accra, Ghana, enroute Lagos in June.More »
Hon. Mahama Ayariga, Deputy Minister of Trade and Industry has concluded arrangements with the Ghana Embassy in Beijing – China and the leadership of the China-Africa Business Council for the hosting of Ghanaian companies and entrepreneurs who will particMore »
The Ministry of Trade and Industry (MOTI) on Tuesday announced the opening of the receipt of Expressions of Interest for companies that wish to participate in the Ghana-China Business Partnership component of the 2010 Shanghai Expo.
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The Association of Ghana Industries (AGI) has called on the government of Ghana to review the country's trade policy to facilitate industrial growth and economic development.More »
Economists have underscored the need for African countries to diversify and add value to export commodities to compete with the industrialised nations.
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Ghana would participate in World Expo 2010 scheduled for Shanghai, China, between May and October this year. Under the theme "Better City, Better Life", it would offer Ghana, an opportunity to showcase her unique and enviable experiences of urban developmMore »
The International Monetary Fund (IMF) projects Ghana's economy to expand by four to five per cent this year, boosted by investments linked to the offshore oil sector, which will come on stream in 2011.
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According to a recent IMF [International Monetary Fund] report, West African nation Ghana are ranked as favourites for the 2010 World Cup in South Africa – but in the financial sector, not on the pitch.
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Delta Air Lines today announced introductory fares from all Delta domestic markets for travel to Accra, Ghana via the world's largest airline hub at Hartsfield Jackson Atlanta International Airport. Delta's nonstop flight from Atlanta to Accra, which begiMore »
The government of Ghana is developing environmental management and safety standards aimed at reducing greenhouse gas emissions in Ghana’s oil fields, says Environment, Science and Technology Minister, Sherry Ayittey.
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The Ghana Export Promotion Council’s (GEPC) Chief Executive Mr. Kwadwo Owusu Agyeman has said his organisation is focusing on expanding Ghana’s non-traditional exports (NTE) market to enable it achieve its targetted export revenue of US$5billion by 2015
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Ghana Export Promotion Council (GEPC) in collaboration with the International Trade Centre (ITC) in Geneva has organised two separate workshops for the export community in Ghana on voluntary sustainable practices affecting trade developmentMore »
Brazil and India told the Committee on Trade and Development on 18 March 2010 that they are pushing ahead with commitments to provide duty-free, quota-free treatment of imports from the least-developed countries (LDCs). The Committee elected Amb. ErwidodoMore »
Serbian Minister of Foreign Affairs Vuk Jeremic attended last week in Accra the celebration of Ghana’s Independence Day. During the day he will talk with Foreign Minister of Ghana Alhaji Mohammed Mumini and other state officials about expansion of bilateMore »
Ghana and her neighbour Nigeria will sign a bilateral agreement in a couple of weeks to govern trade between the two countries, a move that is expected to bring a great relief to Ghanaian exporters who have always yearned to enter that market.
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The Chairman and Chief Executive Officer of Edmark International, Mr. Sam Low Ban Chai has indicated that Ghana abounds in huge investment opportunities which could be explored by all potential investors.
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The Ghana Shippers' Council (GSC) has been re-named Ghana Shippers Authority (GSA), Mr Kofi Mbiah, the Chief Executive, disclosed this on Thursday.
To this end, he said, GSA would institute a legal and administrative framework, and also put in plaMore »
The European Union (EU) has released 28 million Ghana cedis to support a project that seeks to promote bamboo as a new source of energy in Ghana and EthiopiaMore »
The Ghana Shippers' Council (GSC) has been re-named Ghana Shippers Authority (GSA), Mr Kofi Mbiah, the Chief Executive, disclosed this on Thursday.
To this end, he said, GSA would institute a legal and administrative framework, and also put in plaMore »
A stakeholders meeting on Ghana's investment and business activities on Monday agreed that better networking and access to information among the business community, regulatory bodies, and security agencies can significantly enhance business growth.
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The World Bank says the continuous dependence on aid by developing countries especially Ghana will not lead to economic growth and therefore there was the need for the country to diversify its economy in order to raise more revenue to meet its expenditureMore »
Ghana has experienced a healthy growth, registering some 300 projects in the non-mining and petroleum sectors, with an estimated cash inflow of more than $700 million, President J.E.A. Mills has said.
He said if total inflows into mining, petroleum andMore »
The Ghana Export Promotion Council (GEPC) is to market the Ghanaian Kente at the 2010 FIFA World Cup finals in South Africa to secure investment into the sector.
Consequently, GEPC is negotiating with Ghana's Consulate in South Africa to secure a deal More »
Ghana Exports Promotion Authority (GEPA) is aiming at increasing the value of Ghana’s Non-Traditional Exports to $ 5 billion by 2015.This, it believes, it can do by increasing the export base of the country, which if successful, would see the export sectoMore »
The Ghana Export Promotion Council (GEPC) is to implement interventions to increase the growth of the country's non-traditional exports from the current 1.4 billion dollars to five billion dollars by 2015.
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Mr. Seth Adjei-Baah, First Vice Chairman of Ghana National Chamber of Commerce and Industry (GNCCI) on Wednesday said the nation's resources, fledging democracy and dynamic economy had made it Africa's best destination for investmentMore »
Ghana and European Union trade has been guided by a non-reciprocal trade regime offering tariff preferences for Ghanaian products entering the EU market under the Lome Convention from 1975 to 2000 and of late the Cotonou Partnership Agreement (CPA) from 2More »
Member countries of the Economic Community of West African States (ECOWAS) are determined to collectively fight pervasive poverty in the sub-region according to a regional poverty reduction strategy that was unveiled in Accra, Ghana on Monday 11 January 2More »
The German Ministry for Economic Cooperation and Development has made a commitment of 130 million Euros to Ghana under its financial and technical cooperation with Ghana for the period from 2009 to 2011.
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The Ghana Minister of Foreign Affairs, Alhaji Mohammed Mummuni, has reiterated the need for Ghana to strengthen bilateral relations with South Korea. This according to him will boost Ghana’s economy and expand trade opportunities for both countries.More »
A U.K. based Minister, Educationist, author and social commentator has said Ghana can benefit greatly from the mass exodus of her trained and highly skilled professionals to other countries in search of greener pastures what is usually referred to as ‘braMore »
The Government of Ghana expects a real GDP growth of 6.5 per cent and overall fiscal deficit equivalent to 7.5 per cent of GDP in 2010, the Minister of Finance and Economic Planning, Dr Kwabena Duffuor has said.More »
The International Organization for Migration says an increasing number of qualified, educated young Ghanaians are migrating to foreign countries. It says this so-called "brain drain" could affect the country's economic and development prospects.
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Cocoa purchases declared by buyers to Ghana's industry regulator Cocobod totalled 378,738 tonnes by December 24, up 0.5 percent on the previous season, according to Cocobod data seen by Reuters on Wednesday.
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The European Union (EU) has disbursed about EUR 35 million (an equivalent of 70 million Ghana cedis and approximately 52 million dollars) to Ghana for economic stabilisation.
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The Ministry of International Trade and Industry (MITI) in Malaysia and its agencies are set for an aggressive drive in 2010 to promote trade and boost Malaysia's export growth in view of global competition in the current economic scenario.
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Uganda is to establish a Diaspora department in the foreign affairs ministry to handle issues related to investment of Ugandans working abroad, but willing to invest in the country. More »
Chinese companies top the list of companies registered in terms of Foreign Direct Investment (FDI) in Ghana, the CEO of the Ghana Investment Promotion Centre (GIPC) has said.
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In spite of the global financial crisis experienced by the world economy Ghana continues to make significant strides in attracting more investments. During the third quarter of this year the country recorded 81new projects with China topping the list of cMore »
Trade between Ghana and China has reached over $189.395 million as at the end of October 2009 according to official statistics published in the Chinese media.
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In spite of the global financial crisis experienced by the world economy Ghana continues to make significant strides in attracting more investments. During the third quarter of this year the country recorded 81new projects with China topping the list of cMore »
Ghana could earn up to $2 billion annually exporting salt to neighbouring countries in West Africa, particularly Nigeria, the region's leading economy which currently buys $2.3 billion worth of salt yearly from Brazil and Australia, experts have said.
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The ECOWAS Bank for Investment and Development (EBID), at its 27th board meeting in Accra at the weekend, granted a total of $57 million loan to five member countries including Ghana.
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The government has stated that it has not introduced or imposed new taxes in the 2010 budget statement. It said contrary to media speculations, the government sought to improve the efficiency of the existing tax regime through “a shift from specific to adMore »
The newly constituted eight-member Board of Directors of Ghana Export Promotion Council (GEPC), has been tasked to ensure that Ghana's non-traditional exports had access to the Asian market.
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Ghana on Monday 15 December 2009, dialogued with stakeholders to fine-tune the country's Aid Policy, intended to guide engagement with her Development Partners (DP's) to finalize the policy.
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After many years of a long running dispute between Latin America banana producing nations, the United States and the European Union over trade in bananas a comprehensive agreement has now been reached.
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Mr. YU Wenzhe, Chinese Ambassador, on Friday 11 December 2009 said the two countries are exploring new opportunities for faster developments as the world undergoes unprecedented changes and adjustment.
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ECOWAS is working to create a single investment jurisdiction among member countries to ensure accelerated development of Small and Medium Scale Enterprises(SMEs) and to attract extra-regional Foreign Direct Investment, Professor N'galadjo Lambert Bamba, CMore »
Government is to harness the economic potential of Information Technology Enabled Services (ITES) to create 45,000 jobs to reduce the unemployment situation in the country by 2011, Mr. Haruna Iddrisu, Minister of Communication said on Saturday 14 DecemberMore »
The cashew industry holds tremendous economic potential for Ghana, Mr. Christian Dahm, Managing Director of African Cashew Alliance, an international NGO, has said.
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Director-General Pascal Lamy, in a speech at the International Trade Centre (ITC) 43rd Joint Advisory Group meeting in Geneva on 14 December 2009, said “our cooperation on Aid for Trade continues and I am encouraged by the energy with which the ITC has enMore »
The Ghana Chamber of Commerce and Industry (GNCCI), will host the first ever workshop of the Federation of West African Chambers of Commerce and Industry (FWACCI) in Accra from December 8 to 10, 2009.More »
Costa Rica's pineapple exports in the first nine months of 2009 overtook those of bananas in value for the first time, the daily newspaper La Nación reported. More »
Mexico, the world's 14th largest country and one of the leading fruit and vegetable producing nations in Latin America, is the official partner country for the Fruit Logistica 2010 international fruit and vegetable trade fair, which takes place in Berlin More »
Coca Cola Bottling Company Ltd, manufacturers of soft drink and beverages, is to purchase pineapples from Ghana for processing into the company’s products. This came to light during the recent trip of the Vice-President, Mr John Dramani Mahama, to the USAMore »
The Ghana Export Trade Information Centre (GETIC) was established on 16th November 2005 and has since provided invaluable trade information and referral services to the business community, particularly, the exporter community in Ghana. More »
Ten Ghanaian consultants and one Nigerian have undergone training and received certification as International Enterprise Management Development Advisers in a ceremony in Accra, Ghana in September 2009. More »
GHANA is confident of achieving its production target of 1m tonnes of cocoa by 2012, which would see it reclaim the position of the world's largest cocoa producer. More »
Searching for a solution to the EU banana dispute
Tuesday October 20 2009
Issue: 284
As World Trade Organisation (WTO) talks on bananas and other tropical products move towards at least an outline agreement, supermarkets in the UK and elsewhere in EuroMore »
11 Consultants Certified by ITC as first EMD Advisers in Ghana
Ten Ghanaian consultants and one Nigerian consultant have undergone training and received certification as International Enterprise Management Development Advisers in a ceremony in Accra More »
Dr Yaw Baah, Deputy Secretary-General of Ghana Trades Union Congress (GTUC), on Thursday said the future of Ghana and Africa in the next two decades would be defined by their relationship with China.
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PEANUT farmers in Senegal are protesting against the lack of financial aid and the poor quality of their peanut seeds, which they used for planting this year in the central region of Kaolack. More »
The EU market for fresh fruit and vegetables is declining in volume but growing in value. In much of the eastern European Union consumption is still growing and consumers are shifting from basic fruit and vegetables towards more diverse produce, includingMore »
A strategy to boost local and foreign investor interest in the salt industry to promote employment, revenue generation and export has been launched in Accra.
More »
Founded in 1969, as an agency of the Ministry of Trade and Industry, the Ghana Export Promotion Council (GEPC) is the organisation responsible for promoting Ghana’s non-traditional exports in world markets.
Recently, the country has received an enormoMore »
Ghana earns about $45 million annually from the Business Process Outsourcing industry, the GNA has reported. Mr. Alhassan Umar, Executive Secretary of the Information Technology Enabled Services (ITES) Secretariat of the Ministry of Communications told thMore »
MALAYSIA'S Foreign Ministry will ask the Malaysian Palm Oil Board (MPOB) to appeal against the recent ban on sustainable palm oil advertising by a UK advertising watchdog for alleged misleading claims, its deputy minister Senator A. Kohilan Pillay said toMore »
UTZ Certified has announced Barry Callebaut is the latest company to join its cocoa programme.
Barry Callebaut joins a number of other companies and NGOs all of whom are working with UTZ Certified towards sustainability in mainstream cocoa production.
More »
A MAGAZINE advert that endorsed the sustainability of palm oil has been banned by the UK's Advertising Standards Agency (ASA) for making unsubstantiated and untruthful claims.
The advert, produced by the Malaysia Palm Oil Council (MPOC) and entitled "PMore »
A factory to process Sunflower into bio-diesel was inaugurated at Tema with the call on the government and financial institutions to help expand the facility. The 217,000 US dollar facility could process four metric tonnes of sunflower grains daily while More »
GLOBAL food manufacturer, Nestle, has launched a plan to help small-scale cocoa farmers, including the thousands living in Africa, take advantage of rising market prices by increasing their yields.
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REPRESENTATIVES from Ecuador's passion fruit juice industry and researchers from the National Programme for Fruit Growers have met in the past week to organise the growing and processing of a new variety of passion fruit, which will be introduced at tMore »
Trade Minister explains impediments to EPAs signing
Government has given the strongest indication yet, that it will need to sign the Economic Partnership Agreements.
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THE world's biggest supplier of cashews, Olam International, has made it to the Forbes Asia Fab 50 league - an annual list of big-cap and profitable firms in the region.
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GHANA'S full season 2008/09 cocoa harvest hit 710,638 tonnes, marking a 4.5% rise over the previous season and the third best performance since 1965, the country's industry regulator, Cocobod said on Friday 9 October 2009
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Spanish households purchased 3% more fruit and vegetables in the first half of 2009 compared with January-June 2008. But as prices were lower, expenditure did not rise in line with purchased volumes.
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Although the German horticulture sector is growing, output continues to fall far short of meeting domestic demand for fruit and vegetables, with a self-sufficiency rate of just 35%, according to a study by the Dutch journal Agrarisch Dagblad.Germany is trMore »
INDIAN peanut shipments into the EU nosedived 94% in the first five months of the current financial year due to strict quality standards adhered by exporters to lift the Indian commodity to global standards.
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GEPC launches book on winning foreign contracts
The Ghana Export Promotion Council (GEPC) on Wednesday launched an export trade services strategy guide book, entitled "Winning Foreign Contracts", to provide information to Ghanaian consultants on how toMore »
They are mindful of their expenditure
They respect any small amount of money
Culturally Ghanaian businessmen and women are usually very friendly and hospitable
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SUMMERPRIDE Foods, South Africa's only pineapple processing plant and the country's largest commercial pineapple grower, expects production of the fruit to decline by around a fifth next year More »
A nine-day training of trainers programme on fruits and vegetables control has been organized for SPS officers in Accra form July 23 to 3 August 2009. More »
Banana exporters from Ecuador, the world's top exporter of the fruit, have called on the government to sanction the EU if the bloc fails to cut banana import tariffs.More »
UK demand for organic produce is starting to rise again, suggesting that the recession-hit market may be on the way to recovery, new figures from Tesco suggest.More »
The global economic crisis is hitting Ghana’s timber industry very hard. Since the first quarter of 2009 the export of timber products from Ghana has continued to suffer decline.More »
Director-General Pascal Lamy, in a speech before the International Food and Agricultural Trade Policy Council in Salzburg, Austria, on 10 May 2009, said “food and agricultural trade policy does not operate in a vacuum. In other words, no matter how sophisMore »
Mr Alhassan Attah, Executive Director of the Timber Industry Development Division (TIDD), has said the division would introduce Forest Law Enforcement, Governance and Trade (FLEGT) license by December 2010 as part of export documentation particularly for More »
A REPORT by the UK's Department for Environment, Food and Rural Affairs (Defra) suggests there could be unexpected benefits to climate change with exotic fruits and vegetables thriving.More »
The Ghana Export Promotion Council in collaboration with the Dutch import promotion agency (CBI), and the International Trade Center (ITC), a joint body of United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO),More »
GHANAIAN EXPORTERS PARTICIPATE IN ABUJA INTERNATIONAL FAIR
As part of the objective of the Ghana Export Promotion Council (GEPC) to facilitate market access for Ghanaian exporters in Africa, GEPC led a Ghana delegation to the 2009 Abuja International FMore »
The World Trade Organization (WTO), the United Nations Conference on Trade and Development (UNCTAD) and the International Trade Centre (ITC) have jointly published a new edition of World Tariff Profiles. The World Tariff Profiles 2008 is the second editioMore »
The Ghana Export Promotion Council (GEPC) has established the Ghana Export Trade Information System to provide the business community in Ghana with resources to access and use trade information.More »
A recent publication in the Daily Graphic of January 18, 2007, page 49 makes interesting reading especially as it has to do with the current campaign and counter campaign on the scrap metal industry and its subsequent effects on the economy.More »
The country has successfully completed her first commercial export of MD2 pineapple variety of 42,000 tonnes at the close of last year. The export of the new variety earned the country $20m in foreign currency.More »
The search for market opportunities is part and parcel of any growing business. For many years now, has relied heavily on the export of goods. The country is now looking for ways to diversify into services exportsMore »
Ghana’s Trade Policy: Trade liberalization has helped to achieve higher economic growth. Since its last Review in 2001, Ghana’s macroeconomic fundamentals have improved considerably.More »
Exporters registered with the Ghana Export Promotion Council and other members of the exporter community can now access Trade Map, Product Map, Market Access Map and Investment Map through a Common Management User System.More »
Ghana’s export earnings from timber products fell by 7.56 percent between January and December 2006, according to the figures released by the Forestry Commission.More »
The Timber Industry Development Division of the forestry Commission has announced an increase in demand for Ghana’s wood and wood products from ECOWAS countries.More »
The Ministry of Food and Agriculture (MOFA), has established a Coconut Sector Development Unit (CSDU), with its headquarters at Sekondi, to continue the work of the Coconut Sector Development Project (CSDP), which has ended.
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Mr Rene Haveman, an agronomist from the Netherlands, has initiated a mechanism to help Ghana to develop viable and dynamic middle class farming for the next five years with an investment capital of US$ 25 million.More »
The Ghana Export Promotion Authority (GEPA) says it is intensifying efforts to boost non-traditional exports (NTE) to the West African sub-region to offset any losses in markets in Europe.More »