Cocaine is set to become Colombia’s main export, overtaking oil, according to Bloomberg Economics. The Colombian government is taking a more lenient policy regarding drugs, thus production of the drug is expanding. According to Bloomberg Economics, 2022 exports were worth an estimated $18.2 billion. Oil exports posted a drop of …
Read More »Ghana Export Promotion Authority to step up campaign for Ghanaian chocolates
Ghana Export Promotion Authority (GEPA) is to step up the promotion of Ghanaian Chocolates in a move to harness the untapped potential of the industry. GEPA has identified chocolates and the entire processed cocoa value chain as one of the priority products in the National Export Development Strategy (NEDS). Dr …
Read More »Tanzania grain stuck at Kenya border due to new export requirement
Tanzania has imposed a new requirement on grain traders to get an export permit before shipping maize out of the country, in a policy shift that has locked already bought stocks of grain by Kenyan millers at the border. Kenyan millers say the new requirement could paralyze their operations at …
Read More »GUTA to export products of 1D1F companies
The Ghana Union of Traders Association (GUTA) says it has positioned itself to support Ghanaian manufacturing companies to export their products to countries they import from. This is to support the Government’s One District-One Factory (1D1F) initiative, promote Ghanaian products, help in shoring up the country’s foreign exchange and address …
Read More »Coronavirus: France calls on US to drop vaccine export bans
IMAGE COPYRIGHTREUTERSimage captionPresident Emmanuel Macron called for the US to drop restrictions on vaccine exports as a way to increase global supply French President Emmanuel Macron has called on the US to drop its restrictions on the export of Covid-19 vaccines and ingredients. His words came as a divide emerged …
Read More »Ghana to export banana, others to UK under a tariff-free agreement
Ghana is to export banana, tinned tuna, and cocoa to the United Kingdom (UK) under a tariff-free agreement. The UK exports are also in line to benefit from tariff liberalisation from 2023, including machinery, electronics, and chemical products. A statement issued by the UK High Commission in Accra, copied to …
Read More »Ghana bags $2.89bn in non-traditional Exports
Ghana bagged $2.89 billion from Non-Traditional Exports (NTEs) in 2019 according to figures from the Ghana Exports Promotions Authority (GEPA). The 2019 non-traditional exports earnings was 3.10 per cent higher than that of 2018 which was estimated at $2.83 billion. According to GEPA, non-traditional exports accounted for 8.53 per cent …
Read More »Ghanaian exporters face high import duties in Britain
Ghanaian exporters are in impending danger of being slapped with high import tariffs by Britain as the country is just weeks ago from a no-deal Brexit. While Ghana is part of a preferential trade terms deal involving the Economic Community of West African States (ECOWAS) and the European Union, Britain’s …
Read More »Ghana’s electricity export hits two-decade high
Ghana’s electricity export in 2019 reached the highest level in two decades, with 1,430 Gigawatt hours (GWh), representing 7.9 percent of total electricity generation, exported to neighbouring countries, the Energy Commission’s National Energy Statistics report has revealed. The country’s electricity import in 2019 fell to 127 GWh, equivalent to 0.7 …
Read More »Importers & Exporters skeptical about duty reduction
Importers and Exporters Association of Ghana (IEAG) has expressed skepticism about the reduction in benchmark value of import duties at all of the country’s ports. According to them, the announcement by the Vice President, Dr Mahamudu Bawumia at a Town Hall meeting, though laudable is vague. Executive Secretary of …
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