{"id":19304,"date":"2024-07-04T14:00:56","date_gmt":"2024-07-04T14:00:56","guid":{"rendered":"https:\/\/sotnews.agency\/?p=19304"},"modified":"2024-07-04T15:14:17","modified_gmt":"2024-07-04T15:14:17","slug":"ghanas-exports-to-eu-surge-by-8-in-2023-reaching-e2-6bn","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=19304","title":{"rendered":"Ghana\u2019s exports to EU surge by 8% in 2023, reaching \u20ac2.6bn"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 55 Second <\/div>\n\n <\/div>

Ghana\u2019s exports to the European Union (EU) surged by 8% in 2023, reaching 2.6 billion euros, up from 2.4 billion euros the previous year.<\/p>\n

However, imports from the EU to Ghana declined from 3.7 billion euros in 2022 to 3.3 billion euros in 2023.<\/p>\n

According to the Ministry of Trade and Industry, the total trade volume between Ghana and the EU amounted to 6 billion cedis in 2023.<\/p>\n

Speaking at the 2nd Ghana-EU Business Forum, Minister for Trade and Industry, KT Hammond, reassured investors that Ghana remains a haven for investment.<\/p>\n

\u201c2023 export from Ghana saw an 8% increase, rising from some 2.4 billion euros to 2.6 billion euros while import from the opposite direction experienced, unfortunately, some 11% decline, 3.7 billion euros to 3. 3 billion euros.\u201d<\/p>\n

The forum, themed \u201cFostering Investment in Non-Traditional Chains Under EU Global Gateways Strategy,\u201d aimed to enhance trade and investment relations between Ghana and the EU.<\/p>\n

For her part, the Deputy Director-General of the European Commission, Directorate-General for International Partnerships, Myriam Ferran, emphasised the EU\u2019s commitment to enhancing trade and investment relations to achieve the Sustainable Development Goals (SDGs) during discussions.<\/p>\n

\u201cThis strategy is definitely the strategy of the European Union to engage with like-minded partners in building sustainable infrastructure and connectivity around the world and this is the EU\u2019s offer for sustainable bonds in full partnership.<\/p>\n

\u201cThis is extremely important for us because in the everyday more challenged world in which we live, not to speak about the geopolitical consequences of the Russia-Ukraine war or what\u2019s happening on Gaza.<\/p>\n

Meanwhile, at the same Forum, the European Union (EU) launched a 32 million Euros Special Measure on Manufacturing and Access to Vaccines, Medicines, and Health Technologies in Africa (MAV+) to support the development of vaccine manufacturing and the pharmaceutical industry in Ghana.<\/p>\n

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The post Ghana\u2019s exports to EU surge by 8% in 2023, reaching \u20ac2.6bn<\/a> appeared first on Citinewsroom – Comprehensive News in Ghana<\/a>.<\/p>

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