Total trade between the European Union (EU) and Ghana in 2023 decreased by 3 percent, recording six billion Euros compared to 2022.
EU’s exports to Ghana decreased by 11 percent from 3.7 billion Euros in 2022 to 3.3 billion Euros in 2023.
Imports from Ghana increased by eight percent, from 2.4 billion Euros to 2.6 billion Euros.
Minister of Trade and Industry, K.T. Hammond, explained that the trade between the two countries has improved foreign direct investment inflows and created an enabling environment for Ghana to become a hub for investment.
He said this at the second edition of the Ghana-EU Business Forum, held in Accra.
Mr. Hammond said the government is putting in place measures to adopt compliance and standards to connect rural suppliers to the global supply chain.
Source: gbcghanaonline.com
