Mer de glace
Ghana Exporting Agricultural Produce to the European Market
Date: 7.11.2011
INTRODUCTION
Ghana was the 1st country in the Sub-Saharan Africa to get its
Independance. Ghana's economy is very high, and there two reasons
to that:
Because of its agriculture, which makes the main economic grow
sector of the country
The country exports those agricultural produce to the European
Market in exchange to technical futures such as machinery,
electrical equipment, vehicles.....
Ghana's Economy
The economy of Ghana is mostly based on Agriculture.
She uses those agricultural produce for trading with Europe,
that makes increase the country economy.
Ghana is the World's Fastest Growing Economy in 2011.
The country has one of the highest GDP per capita in Africa.
Ghana's Agriculture
Agriculture its Ghana's most important economic sector,
employing more then half the population with 70% labor force and
35.5% GDP.
Cocoa is the most agricultural products harvested in the
country.
Most European countries use it to make some industrial resources
and some other nutritional resources such as chocolate, Beauty oils
and can even use it to cure some diseases.
Cocoa Products
Other Products
Gold too is a major produce of the country that help improve his
economy. It is Ghanas highest foreign exchange earner, it has been
widely used throughout the world as a vehicle
formonetaryexchange.
Palm oil can be transform into different kind of diesel, and we
all know that they are some cars that only use diesel as fuel.
Manganese is essential to iron and steel productionby virtue of
its sulfur-fixing, deoxyizing.
Most of Ghanaian populations are farmers, they put all their
energy in producing many different crops and because of the climate
of the country, which is sometimes dry and some other times humid,
agriculture is more efficient.
Since the economy of the country is mostly based on agricultural
produces, the government trades those crops to the European Market
in exchange to non-food materials.
Labor forces
The needs of Europe
Europe cannot easily produce agricultural products. Even if they
do it will not be as good as those produce in some African
countries like Ghana, Cameroon, Cote d'Ivoire, etc...
Most European countries are industrialize , means that they take
some products and transform them into different kind of resources.
Europe has lot of factories, machines , that can be useful to
transform those produce into cream for hand, beauty oil, milk, ice
cream, chocolate, etc...
Europe also need Palm oil to make diesel for cars and even
Maganese to make some chemical reactions.
Ghana's Exchange with Europe
The structure and composition of Ghanas exports is still
dominated by the production of primary resources, which make up 85%
of total merchandise exports. Cocoa and cocoa preparations are
Ghanas leading export, contributing 42% to the total export base.
But Ghana need supply of non-food industrial resources such as
plant machinery, vehicles, raw materials etc..
Ghana's Export Market
The EU is by far Ghanas largest export market, accounting for
more than half of all exports. Trade with EU represent nearly 55%
of the Ghana's total export. But they are also some other countries
like USA , China, India that also represent something in their
export.
Ghana's Export and the EPA Market Access
The EPA Market Access is solution of agreement founded by the EU
replace the old one which has expired in 2007.
This new agreement will give the opportunity to African
countries to keep their preferences and their Market Access, but it
will not guarantee an improvement in the Ghana's Market Access to
the EU.
Ghana's Export and the EPA Market Access
Ghanas exports to the EU are governed by three alternative
arrangements: The Most Favored Nation (MFN) , rate available for
all African countries
The standard Generalized System of Preferences (standard-GSP)
available to all developing countries
The Cotonou Agreement available to all ACP countries which is
the most favorable amoung all of them in the way that, even if it
expired, an increase in the tariffs will not affect the trade
between Ghana and Europe.
Ghana has lot of agricultural produce that are exported to the
European Market in exchange to machinery, vehicles, electrical
equipment etc.
Europe is a very wide and develop continent, with lot of
industries, factories, huge buildings and with a high economy, but
the continent needs some support from others countries such as
Ghana in terms of agricultural produce.
The European Union continues to be an important trade partner
for Ghana. Not only is the EU the leading source of Ghana's
imports, it is also a major destination of Ghana's export.
CONCLUSION
Thank you for your attention and we hope you enjoyed it.
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