African exporters and entrepreneurs are set to benefit from a new package of UK trade reforms unveiled on July 10. The reforms are aimed at simplifying access to the UK market and deepening economic ties between the UK and developing countries. The reforms include upgrades to the Developing Countries Trading Scheme (DCTS), notably simplified rules […]
Ghana’s export sector experienced a \surge in 2024, with total exports reaching GH₵294.9 billion, significantly surpassing imports of GH₵250.2 billion and generating a trade surplus of GH₵44.7 billion, according to the Ghana Statistical Service (GSS) Trade Report. The report highlights that just three commodities—gold, petroleum, and cocoa—accounted for 78.2 percent of Ghana’s total export revenue. […]
Ghana has recorded a significant trade surplus of GH₵44.7 billion in 2024, as total exports soared to GH₵294.9 billion, surpassing imports, which stood at GH₵250.2 billion, according to the latest Ghana Statistical Service (GSS) Trade Report. The 2024 Annual Trade Report and the Quarter Four (Q4) Trade Newsletter, launched in Accra yesterday, highlighted Ghana’s strengthening […]
Recent data from the Ghana Statistical Service indicates a significant drop in the export value of cocoa beans for the second quarter (Q1) of 2024. The export value fell from GH₵ 1.57 billion in the second quarter (Q2) of 2023 to GH₵ 1.15 billion in the second quarter (Q2) of 2024, marking a 26% decrease. This decline is part […]
Dr Benjamin K.D. Asante, the CEO of Ghana Gas Company, is encouraging African leaders to capitalize on the Russia-Ukraine conflict to expand gas distribution to Europe. During a public lecture at the Kwame Nkrumah University of Science and Technology’s College of Engineering, themed “Gas Commercialization: Fostering a Sustainable Petroleum Economy, Opportunities and Setbacks,” he highlighted […]
The Standard Chartered Bank has projected that Africa’s total exports would reach $1 trillion by 2035, with a potential 29 per cent increase after the full implementation of the African Continental Free Trade Area (AfCFTA). This was revealed at the launch of a comprehensive report on the AfCFTA to empower businesses and stakeholders to take […]
Ghana bagged US$2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 percent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 percent of total exports last year. Over the […]
By John Elliot HAGAN, Accra Minister for Food and Agriculture, Dr Owusu Afriyie Akoto has revealed that Ghana exported 150,000 metric tonnes (MT) of food items worth GH₵400 million to neighbouring countries, including Togo, Cote d’Ivoire, Niger, Mali, Burkina Faso, Benin and Northern Nigeria, last year. GH₵3.3 billion generated at the farm-gate Additionally, he said […]
