Doing Business in Ghana

Subject (Course): International Trade and Business in Ghana (West Africa). Accra.

Syllabus:

1. Introduction to the Republic of Ghana (West Africa).
2. Regions of Ghana.
3. Doing Business in Accra
4. The Economy of Ghana
5. Ghanaian Customs:
   - Importing to Ghana.
   - Exporting from Ghana
6. Business and Investment Opportunities in Ghana
7. Case Study:
   - Business Opportunities in the agriculture sector
   - Kasapreko Company
8. Ports of Tema and Takoradi
9. History of Ghana
10. Access to the Ghanaian Market
11. Business Plan for Ghana

Objectives of the subject “Doing Business in the Republic of Ghana”:

1. To analyse the Ghanaian economy and foreign trade
2. To evaluate business opportunities in the Republic of Ghana
3. To explore Ghana's trade relations with the student's country
4. To know Ghana's Free Trade Agreements (FTAs)
5. To examine the profile of Ghanaian Companies
6. To develop a business plan for the Ghanaian Market

Sample of the subject (Doing Business in Ghana):

Subject Description (Doing Business in Ghana).

The Republic of Ghana:

Ghana: African Frontier Market and second gold producer in Africa.

The centre for foreign direct investment (FDI) in West Africa.

1. The official language of Ghana: English. 100 local languages
2. Capital: Accra
3. Borders of Ghana: Burkina Faso, Ivory Coast, and Togo
4. Area: 238,535 square kilometres
5. The population of Ghana: 27 millions of people
6. Kofi Annan (former Secretary-General of the United Nations) was born in 1938 in Ghana.
7. Albert Adu Boahen Kwadwo was born in Ghana

Regions of Ghana: Greater Accra, Ashanti, Brong Ahafo, Central Region, Eastern Region, Northern Region, Upper East, Upper West, Volta Region, and Western Region.

The main religions of Ghana:

1. Christians (63%) - 7 millions of Protestants.
2. Muslims (20%)

Ghana belongs to the West African Economic Area of the African Civilisation.

Logistics: Dakar-Lagos Corridor

The economy of Ghana:

1. Middle-income country (ODA)
2. African Frontier market.
3. Ghanaian GDP: 103 billion dollars
4. GDP growth: 4,4% (7,9 in 2012) (estimation for 2015: 8%)
5. Service-oriented sector is the most dynamic (50% of GDP)
6. Ghanaian petroleum sector. Petroleum reserves: 2.0 billion barrels. 22% of the total value of exports
7. Ghana is the second gold producer of Africa
8. Industry: 27% of GDP
9. Vigorous economic growth (6% over the past six years), mainly due to petrol and petroleum production
10. Agriculture: 20% of GDP. Crop production: 16% of GDP.
11. The inflation: 9.9%
12. Free Zones for exports
13. FDI: 2 billion dollars
14. Greater Accra region: 15% of Ghana’s population.
15. Ashanti region: Cocoa and gold mining industry
16. Ghanaian currency: Ghana Cedi

Exporting from Ghana:

Ghana has preferential access to the markets of

1. West African Monetary Zone (WAMZ)
2. Economic Community of West African States (ECOWAS)
3. The European Union: the Cotonou Agreement and the Generalised System of Preferences (GSP)
4. African Growth and Opportunity Act (AGOA US)
5. Free Trade Agreement (FTA) with India

Ghana is a member of:

1. Economic Commission for Africa (ECA)
2. African Development Bank
3. New Partnership for Africa's Development (NEPAD)
4. African Union (AU)
5. Africa South America Summit
6. International Monetary Fund (IMF)
7. World Customs Organisation (WCO)
8. World Bank (WB)
9. Summit Africa-China and Africa-India