Trade and Business in Ghana

The objectives of the subject “Foreign Trade and Business in the Republic of Ghana” are the following:

1. To analyze the Ghanaian Economy and International Trade;
2. To know the business opportunities in the Republic of Ghana;
3. To explore the Ghanaian trade relations with the country of the student;
4. To know the Ghanaian Free Trade Agreements;
5. To examine the profile of Ghanaian Companies;
6. To develop a business plan for the Ghanaian Market.

The Subject “Foreign Trade and Business in Ghana” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): Business in Africa, International Business, Foreign Trade.

Doctorate (DIB): African Business, World Trade.

Course: Business in West Africa.

Learning materials in or Ghana Gana Ghana.

1. Credits of the subject “Foreign Trade and Business in Ghana”: 2 ;
2. Duration: two weeks.

Area of Knowledge: Africa.

1. Ports of Tema and Takoradi;
2. Dakar-Lagos Corridor.

Ghanaian Preferential Access and Free Trade Agreements:

1. Ghana and the West African Economic Area;
2. West African Monetary Zone (WAMZ);
3. African Continental Free-Trade Area (AfCFTA);
4. Economic Community of West African States (ECOWAS)
   1. ECOWAS Regional Road Transport and Transit Facilitation Programme.
5. Community of Sahel-Saharan States (CEN-SAD);
6. United Kingdom-Ghana Free Trade Agreement (FTA);
7. Ghana-European Union:
   1. Africa-European Union Strategic Partnership;
   2. Generalized System of Preferences (GSP).
8. African Growth and Opportunity Act (AGOA US);
9. Global System of Trade Preferences among Developing Countries (GSTP);
10. Free Trade Agreement (FTA) with India.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Trade Facilitation Agreement (TFA);
   3. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   4. WTO Agreement on Technical Barriers to Trade (TBT);
   5. WTO Agreement on Preshipment Inspection (PSI);
   6. WTO Agreement on Safeguards (SG).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention).
4. Customs Convention on Containers (CCC, UN) - not a member;
5. Convention on the Carriage of Goods by Sea (Hamburg Rules, UN);
6. Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea (Rotterdam Rules, UN).

Sample:

African Trade and Economic Organizations:

1. Economic Commission for Africa (ECA);
2. African Union (AU)
   1. African Union Convention on Preventing and Combating Corruption;
   2. African Union Development Agency (AUDA-NEPAD);
   3. Comprehensive Africa Agriculture Development Programme (CAADP).
3. African Development Bank (AfDB);
4. Africa-India Framework for Cooperation;
5. Africa-BRICS (Brazil, Russia, India, China, South Africa);
6. Africa-Turkey Partnership;
7. Afro-Arab Cooperation;
8. Arab Bank for Economic Development in Africa (BADEA);
9. Africa-Asia Strategic Partnership (NAASP);
10. Africa-Korea Partnership;
11. Africa-Japan Cooperation (TICAD);
12. Africa-South America Summit (ASA);
13. Forum on China-Africa Cooperation.

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF).

Ghana is an observer country of the International Organization of the Francophonie.

The Republic of Ghana

1. Official language of the Republic of Ghana: English. 100 local languages;
2. Ghanaian Capital: Accra;
3. Borders of Ghana: Burkina Faso, Ivory Coast, and Togo;
4. Ghanaian Area: 238,535 square kilometers;
5. Population of Ghana: 29 million people
   1. Lobi;
   2. Mossi.
6. Regions of Ghana: Greater Accra, Ashanti, Brong Ahafo, Central Region, Eastern Region, Northern Region, Upper East, Upper West, Volta Region, and Western Region;
7. Kofi Annan (former Secretary-General of the United Nations) was born in 1938 in Ghana.

More information about Ghana (EENI African Business Portal).

Main religions in Ghana:

1. Christians (63% of the Ghanaian population)
   1. 7 million Protestants.
2. African Traditional Religions;
3. Muslims (20%).

Ghana belongs to the West African Economic Area (African Civilization).

Economy of Ghana:

1. Ghana is a Middle-income country (ODA);
2. Ghana is an African Frontier market;
3. Ghanaian GDP: 103 billion dollars;
4. GDP growth: 4.4% (7.9 in 2012) (estimation for 2015: 8%);
5. The Service-oriented sector is the most dynamic of the Ghanaian economy (50% of the GDP);
6. Ghanaian petroleum sector. Petroleum reserves: 2.0 billion barrels. 22% of the total value of exports;
7. Ghana is the second African gold producer;
8. Ghanaian Industry: 27% of the GDP;
9. Vigorous economic growth (6% over the past six years), mainly due to the petrol and petroleum production;
10. Agriculture: 20% of the GDP. Crop production: 16% of the GDP;
11. Ghanaian Inflation: 9.9%;
12. Free Export Zone;
13. FDI Stock in Ghana: 2 billion dollars;
14. Greater Accra region: 15% of the Ghanaian population;
15. Ashanti region: Cocoa and gold mining industry;
16. Ghanaian currency: Ghana Cedi;
17. Ghana has a universal health system.

Sample:
Exporting from Ghana:

Sample:

Sample:

(c) EENI Global Business School (1995-2022)
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