International Trade in Ghana

International Trade in Ghana

After a decade of good economic performance, marked by strong and sustained growth (6% of growth on average since 2004), Ghana was affected by the global recession. The GDP growth fell in 2009 to 4.1% and has since slowly increased, to 5% in 2010. An acceleration of the growth is expected... Read more

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Overview About International Trade in Ghana

Economic Overview

After a decade of good economic performance, marked by strong and sustained growth (6% of growth on average since 2004), Ghana was affected by the global recession. The GDP growth fell in 2009 to 4.1% and has since slowly increased, to 5% in 2010. An acceleration of the growth is expected for 2011 (10%) along with the world economic recovery, large public investment in the oil sector and the expected income from new petroleum fields. 

In the face of the preoccupying declining budget deficit of the current account, which is exposing the Ghanaian economy to strong punishement, the government has adopted a new Credit Law in 2009. This law, which also aims to contain inflation, is in line with the economic policy emphasized by the IMF. A three-year accord under the IMF's Extended Credit Facility also emphasizes spending reduction and a futher boost of income.

Ghana has accomplished significant progres in reducing poverty. It is well on its way to accomplishing the MDGs (Millenium Development Goals) and reaching a medium income country status by 2015.  Nevertheless, the unemployment rate remains high.

 

FDI in Figures

FDIs into Ghana have been increasing in the past years;

News Related to International Trade in Ghana

  • Mastercard Foundation to bring 3 million employment opportunities to Ghana - Sep 03, 2019

    The Mastercard Foundation – founded in 2006 by global financial services company, Mastercard – announced the launch of a new initiative set to begin in Ghana aims to enable three million young people to access ‘dignified and fulfilling’ work by 2030. Young Africa Works programmes aim to support entrepreneurs, small and medium-sized businesses, and key [&hellip

    Source: IT News Africa

  • Africa Code Week equips teachers in Ghana with digital skills - Aug 21, 2019

    In Ghana, close to 700 teachers completed digital skills training in August as part of the country’s preparations for SAP Africa Code Week, which aims to introduce 1.5 million young Africans to digital and coding skills in 2019.  Claire Gillissen-Duval, Africa Code Week Global Lead, says, ??the great strides Ghana has made toward improving access [&hellip

    Source: IT News Africa

  • Big-data healthcare service launches in Ghana - Aug 20, 2019

    Korean telecommunication provider, KT, announced the launch of the Global Epidemic Prevention Platform (GEPP) in Ghana on Sunday, 18 August 2019. The project, in conjunction with the Ghana Health Service (GHS), is the first public-private partnership between Korea and the West African country. The platform is the result of a joint effort by KT and [&hellip

    Source: IT News Africa