Tag: imports
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Ghana’s Balance of Trade hit $780m in February 2020 – BoG
Ghana’s total exports exceeded imports by 780 million dollars as at February this year, representing 1.1 percent of the total value of all goods and services produced in the country. This year’s figure is also an increase compared to the 378 million dollars or 0.6 percent of Gross Domestic Product (GDP), recorded in February 2019.…
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Bulk of exports responsible for Ghana’s trade surplus coming from foreign entities — Economist
Economist Professor Godfred Bokpin is warning that the full benefits of the recent trade surpluses that Ghana has been recording, will not be enjoyed if the local content contribution to Ghana’s export figures is not improved. According to Professor Bokpin, Ghana’s exports are currently dominated by the activity of foreign firms, especially in areas like…
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Revised benchmark values : Importers access actual figures on goods
Calculation and payment of new benchmark values on imports have been made easier following the publication of detailed documents by the valuation agencies at Ghana’s ports. The Vice President, Dr. Mahamudu Bawumia on April 3, 2019 announced cabinet’s decision to slash the benchmark values by fifty percent (50%) for all imports and thirty percent (30%)…
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Crude oil, LPG top 2016 maritime imports
Ghana’s economy still remains a highly import driven one despite calls and the need to diversify the country’s exports and move it to a highly export driven one. Latest figures from the Ghana Shippers’ Authority have shown that total imports via the country’s maritime trade routes were twice the total exports for 2016 as compared…
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Spio-Garbrah persuades Ghanaians over Made in Ghana campaign
The Minister of Trade and Industry, Dr. Ekow Spio-Garbrah says persuasion and appeal to the national pride, will culminate in achieving the objectives of the made in Ghana campaign. Though the Minister admits the 23 priority products will face competition from imported ones, he is confident an appeal to Ghanaians will increase patronage. “All the…