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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
Ghana’s exports to the European Union (EU) increased by 8% in 2023, reaching €2.6 billion from €2.4 billion in the previous year, while imports from the EU to Ghana fell from €3.7 billion in 2022 to €3.3 billion in 2023.
This shift resulted in a total trade volume of €6 billion between Ghana and the EU in 2023, according to the Ministry of Trade and Industry.
Addressing the 2nd Ghana-EU Business Forum, KT Hammond, Ghana’s Minister for Trade and Industry, highlighted the country’s favorable investment climate.