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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.


Ghana Rises: Moves To Double Exports In Two Years

Monday, July 21, 2014 > 08:49:59

(Ventures Africa)

Ghanaian minister for Trade and Industry, Haruna Idrissu, has indicated the intentions of the Ghanaian government to create a non‐partisan export advisory council with the objective to improve the exports of the economy.

He said “I am accordingly advised by President John Dramani Mahama to consider establishing a non‐partisan export advisory council which should have former ministers of trade and industry, former chief executives of the Ghana Investment Promotion Council (GIPC) and the Ghana Investment Promotion Authority together with other private sector players to advise government on future opportunities of expanding our exports.”

In recent times, the Ghananian government has been interested in improving trade relations with the European Union. With such an export council in place, the government can be advised on how to take advantage of opportunities for exports. Overall, Ghana believes it can double its exports by 2015.

Ghana has been on a transition path, just like Kenya and Tanzania, to boost and diversify its economy. The necessary fundamentals for economic growth have been established in Ghana, these fundamentals include the social and political stability. The exports boost coupled with these fundamentals in place will further position Ghana in the league of top potential African economies.

The minister also revealed the government’s intentions to leverage commercial agricultural opportunities with the expansion of the Export Development and Investment Fund (EDIF). This will support more indigenous farmers to produce for international markets.

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