Ghana has not been left out of the retail boom across Africa. We have had startups Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email. The charts below provide more details. Aviation fuel also increased from US$1.24 million in Q2 2020 to US$12.82 million in Q2 2021. If youd like to receive updates when we publish new reports and content, click here to sign up for our newsletter. imports. and food with 14.4%. In 2021, Ghana imported about $1.9 billion in agricultural and related products. Nigeria's Top Imports 2021 opportunities for prospective investors. Note: Figures for social media users shown here and in our complete Digital 2021 reports may not equate to unique individuals. The number of mobile connections in Ghana increased by 3.1million (+8.1%) between January 2020 and January 2021. Switzerland Imports from Ghana was US$2.45 Billion during 2021, according to the United Nations COMTRADE database on international trade. Ghana annual NTE export statistics; Country factsheets; CBI EU market information; . See the U.S. Foreign Agricultural Services March 17, 2022 GAIN report on Ghanas Agriculture Subsidy Program for more details on the status of government subsidies for fertilizer. Ghana flag (FlagPictures.org) A West African nation that shares its southern coastline with the Gulf of Guinea and Atlantic Ocean, the Republic of Ghana shipped an estimated US$12.75 billion worth of goods around the globe in 2021. There are several downloadable publications available: Annual statistics (one pager summary with highlights) Annual statistics (full report) Organic - 219 MTs Montana agricultural statistics 2019 - spbdqq.saal-bauzentrum.de Ghanas population increased by 655thousand (+2.1%) between January 2020 and January 2021. Over 16 sub-categories of food are imported It is also part of the information that we share to our content providers ("Contributors") who contribute Content for free for your use. Development Policy (GADP) seeks to develop a local automobile wheat, rice, oats and millet. Akufo-Addo, SEC Issues Directive to Market Operators to use the Mark-to-Market Valuation Method in Valuation of Investment Assets, Petroleum hub: Involve experts with state-of-the-art knowledge in management team- Dr Sulemana, the countrys planned investment in the proposed petroleum hub, Ghana: Outlook of Port Infrastructure to remain positive into the long-term, AngloGold Ashanti Records 20% Jump in 3rd Quarter Production, Brings Down Cost By 6%, Countries could cut emissions by 70% by 2050- World Bank Report, Ghanas New Climate Goals Are Largely Realizable CJID, Strikes at the Pre-tertiary Levels Could Have Been Avoided Clement Apaak, WHO Urges Stakeholders To Take Action To Improve Distribution Of Doctors In Ghana, ISSER Boss Calls For Downsizing Of Govt Appointees, Teacher Unions Strikes May Delay Academic Calendar Reset Kofi Asare. Ghana | Imports and Exports | World | Tomatoes, fresh or chilled The government of Ghana through the Ghana Automotive It's main exports partners are Netherlands, Burkina Faso, South Africa and United Kingdom. guide to the subject matter. (0.2%). Imports of commodity group 2009 reached 25% of total imports of group "" to Ghana in 2019 (imports of commodity group to Ghana totalled $60 million in 2019). By some estimates, 80% of the local fertilizer market is subsidized to some extent. machines as well as nuclear reactors and other heavy machinery used Other important food imports are meat (11% of total food This has created several investment opportunities in Ghana for both local manufacturing and trading. At the same year, Raw Sugar was the 24th most imported product in Ghana. A lock ( The population has grown almost five-fold since the first post-independence census was conducted in 1960. Ghana Exports October 2022 Data - 2004-2021 Historical - TRADING ECONOMICS Ghanaian farmers ability to purchase fertilizer is additionally negatively affected by the depreciation of the Ghanaian cedi versus the dollar by 15% since the start of 2022. Knowing what Ghanaians are spending on will certainly Ghana's population figure from the 2021 PHC is 30.8 million. There were 15.70million internet users in Ghana in January 2021. Trade Facilitation and Export Guides for Exporters. factor in understanding demand and consumption levels within a Commercial Service Ghana is seeking interested U.S. companies that would like to pursue these opportunities and can assist to introduce new traders and new products to major end users and government authorities. 451,881 (thousand US dollars) in 2018. Here are a few suggestions: Click here to see all of our published reports for Ghana. cranes or gantry cranes, team turbines for marine propulsion, businesses in Ghana. The next category of items imported most into Ghana are Food comprises the commodities in SITC sections 0 (food and live animals), 1 (beverages and tobacco), and 4 (animal and vegetable oils and fats) and SITC division 22 (oil seeds, oil nuts, and oil kernels). Ghana: Trade Statistics >> globalEDGE: Your source for Global Business 57.7% of Ghanas population lives in urban centres, while 42.3% lives in rural areas. beverage, home and personal care segment. Nigeria's 3 most top imported products are refined petroleum oils, cars and smartphones. POPULAR ARTICLES ON: Finance and Banking from Ghana. Total Imports (2019) $10,439,795,453 : Trade Balance (2019) $6,328,479,736 : Exports of goods and services (% of GDP) (2020) 32.22%: Imports of goods and services (% of GDP) (2020) 35.82% Switzerland Imports from Ghana - 2022 Data 2023 Forecast 1993-2021 The remaining 2.5% is split between ship and . Ghana imports mostly industrial supplies, capital and consumer goods and foodstuffs. Ghana Statistical Service (GSS) - 2021 PHC Report - PDF - flatprofile The number of internet users in Ghana increased by 943thousand (+6.4%) between 2020 and 2021. This is followed by machinery, nuclear reactors, and mechanical appliance with 15% and food with 14.4%. Ghana had a population of 31.40million in January 2021. Others include tuna, aluminum, manganese ore, diamonds and horticulture. In 2018, rice imports for Ghana was 451,881 thousand US dollars. It is important to state that there is a limitation period to which a debt can be recovered in Nigeria. 4.23% ($441 million): 8704 - Motor vehicles for the transport of goods. The main crops grown in Ghana requiring fertilizer are cassava, rice, maize, millet, rice, and yams. The rise in the global freight-on-board (FOB) cost of imported fertilizer by 200-300% in 2021 negatively affected the market. Mondaq Ltd 1994 - 2022. In 2019, food imports for Ghana was 17.4 %. What are the main imports of Ghana? Ghanaians spending and consumption have increased over the last few In 2021, goods worth around 13.63 billion U.S. dollars were imported to Ghana. dominant product category in Ghana's imports, constituting as Box GP 1098, Head Office Building, Location: Finance Close, Accra, Ghana Contact Information +233 59 147 6884 +233 59 147 6895 2021phc@statsghana.gov.gh www.statsghana.gov.gh Organic compost comprises only 1% of consumption and there is low production domestically; mainly is it a by-product of the domestic cattle and poultry industry. Price subsidy levels are currently decreasing. for milling ((5% of total food imports). Youll find our complete #Digital2021 report for Ghana in the SlideShare embed above (click here if thats not working for you). Imports of goods and services represent the value of all goods and other market services received from the rest of the world. Ghana annual NTE export statistics - GEPA Exporters Portal Ghana uses primarily nitrogen, phosphorus, potassium (NPK), urea, sulfate of ammonia and organic compost. Specialist advice should be sought This site contains PDF documents. Ghana | Imports and Exports | World | Maize (corn) | Value (US$) and Note: many people have more than one mobile connection, so figures for mobile connections may exceed 100% of the total population. boats (1.4%), railway equipment (0.8%) and aircraft and articles harvesting machines. The Ghanaian fertilizer market is price sensitive. Ghana | United States Trade Representative Ghanaians are generally open to trying new brands, if the Spending patterns are a defining Ghana: share of palm oil imports by origin | Statista Vehicles (15.60%), Machineries (12.50%), Electrical, Machinery, Equipment (5.80%), Cereals (4.70%) and Plastics (4.30%) were the top 5 imports of Ghana in 2021. In terms of import volumes, LPG consisted 64,687MT in Q2 2020 and declined to 58,892MT in Q2 2021 whereas aviation fuel increased from 5,080MT in Q2 2020 to 23,719MT in Q2 2021. and economic expansion. Washington, DC 20230. average value of GHC 1.15 billion of different types of cereals A Comparative Approach to Professional Secrecy and Attorney-Client Privilege in Criminal Proceedings, Mondaq Ltd 1994 - 2022. Ghana | Imports and Exports | World | Fruit juices, grape must Urea - 90 million MTs That dollar amount reflects an -11.2% decrease compared to the $14.4 billion worth of exported goods in 2017, and a -9.5% drop from $14.1 billion during 2020. Ghanas imports of all types of fertilizers were $173 million in 2019, $109 million in 2020, and $79 million in 2021. 25Y. Ghana - Agricultural Sectors - International Trade Administration Ghana (GHA) Exports, Imports, and Trade Partners | OEC The value of imports of commodity group 1201 "Soya beans, whether or not broken." to Ghana totalled $ 323 thousand in 2019.Sales of commodity group 1201 to Ghana decreased by 96% in value terms compared to 2018. imports of commodity group 1201 "Soya beans, whether or not broken." decreased by $ 8.25 million (the value of imports of commodity group 1201 to Ghana was equal to $8.58 million in 2018) For the new market entrant starting a business in Ghana, inflation sept 2022 37.2% | provisional real gdp growth rate for quarter 2 2022 sept 2022 4.8% | provisional real gdp growth rate for quarter 2 2022 sept 2022 4.8% | provisional real gdp growth rate for quarter 1 2022 jun 2022 4.1% | real gdp growth rate in quarter 4 apr 2022 7.0% | provisional annual gdp growth rate for 2021 apr 2022 5.4% The share of commodity group 1005 in total imports to Ghana decreased by 0.115 p.p. the top 3 product categories is further emphasized. Please enter your username or email address to reset your password. Sugar and sugar confectionery also follows with an annual manufacturer or importer already operating in Ghana, how are you Between 2011 and 2019, an Head Office, P. O. Switzerland Imports from Ghana. The third category of items imported most into Ghana is food His Excellency, President Muhammadu Buhari, GCFR, has presented the 2023 Federal Government Budget Proposals at the joint session of the National Assembly in Abuja. that food commodities, vehicles, machinery, electrical appliance, If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. Digital in Ghana: All the Statistics You Need in 2021 - DataReportal Ghana Statistical Services. READ ALSO: Ghana: Outlook of Port Infrastructure to remain positive into the long-term, Your email address will not be published. According to the Bank of Ghana Statistical bulletin, the value of crude oil imports declined on a year-on-year basis, registering a 79.43 per cent decline from US$64.06 million in Q2 2020 to US$13.18 million in Q2 2021. Ghana: Import of Petroleum products increase by 84% in Q2 2021 From the time line, Ghana will have an explosive growth in November 2021, and the monthly import value will account 3.59% ($374 million): 1006 - Rice. We have also included new sources in this years social media figures, so numbers shown here and in our Digital 2021 reports will not be comparable with numbers published in our previous reports. Ghana - Rice imports. The value of imports of commodity group 0702 "Tomatoes, fresh or chilled." to Ghana totalled $ 850 thousand in 2019.Sales of commodity group 0702 to Ghana decreased by 53% in value terms compared to 2018. imports of commodity group 0702 "Tomatoes, fresh or chilled." decreased by $ 988 thousand (the value of imports of commodity group 0702 to Ghana was equal to $1.83 million in 2018) Typically, these sectors include the transport, the aviation sectors and the ports. For instance, given available data, international passenger arrivals as of May 2021 surged to 43,376 compared with only 775 in May 2020. The number of social media users in Ghana was equivalent to 26.1% of the total population in January 2021. There were 8.20million social media users in Ghana in January 2021. The number of mobile connections in Ghana in January 2021 was equivalent to 132.8% of the total population. (Source: IMF) Ghana is currently our 83rd largest goods trading partner with $1.8 billion in total (two way) goods trade during 2019. Likewise, other fuels combined, declined from US$23.08 million in Q2 2020 to 18.69 million in Q2 2021, reflecting a 19.02 per cent decline in the importation of other fuels. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Federal Government Of Nigeria Budget Proposals For 2023 Fiscal Year, New Digital Money Lender Regulations In Nigeria: Some Legal Issues, Taking Security: A Review Of Mortgage Creation Under Nigerian Law, 85% Chance Of South Africa Being Grey Listed, Establishing A Digital Bank In Nigeria Legal Requirements, Realising Security Interest Without A Court Order In Ghana. Please check your download folder. The share of commodity group 2009 in total imports to Ghana decreased by 0.029 p.p. imports), dairy products (5% of total food imports), preparations There are three fundamental healthcare products, apparels, electronics to building Tourist arrivals into Ghana to grow by 47% in 2021 - Report 10Y. strategy adopted for your business or products should be backed by high as 16.5% of total non-oil imports every year. Cereal is the primary food category imported with an spending power. (excluding beverages). Explore all of our reports for countries across Western Africa. Volume of gas oil imports increased from 399,053MT in Q2 2020 to 532,846MT in the similar period in 2021. Ghana imports Raw Sugar primarily from: Brazil ($98.8M), Morocco ($20.2M), Guatemala ($15M), France ($6.94M), and India ($2.1M). Ranking; Production (Gross) 45. . For an overview of the Ghanaian market please visit www.trade.gov/Ghana, International Trade Administration for cereals and milk (5% of total food imports) and food products independent research. compared to 2018 (it was 0.177% in 2018 and cumulative imports to Ghana were equal to $ 11.8 billion). Source: Ghana Statistical Service Vehicles, both used and new and all its articles, is the most dominant product category in Ghana's imports, constituting as high as 16.5% of total non-oil imports every year. Imports by volume, therefore declined from 6,685,343 MMBTu in Q2 2020 to 5,662,655MMBTu in Q2 2021. Switzerland Imports from Ghana - data, historical chart and statistics - was last updated on October of 2022. Some top imported items under this category are transporter Ghana Food imports, 1960-2021 - knoema.com accessories) tops vehicle imports, constituting about 97.5% of hardware. Official websites use .gov Assess your export readiness now! In 2019, Ghana GDP was an estimated $67.1 billion (current market exchange rates); real GDP was up by an estimated 6.1%; and the population was 30 million. If you use our datasets on your site or blog, we ask that you provide attribution via a link back to this page. Correspondingly, the volume of crude oil imports declined from 2,188,215 bbl in 2020 to 201,821 bbl. country. Nigeria Imports from Ghana - data, historical chart and statistics - was last updated on November of 2022. country. Backlinks from other websites and blogs are the lifeblood of our site and are our primary source of new traffic. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Ghana spends $1bn on rice importation - MyJoyOnline.com by machinery, nuclear reactors, and mechanical appliance with 15% USA.gov|FOIA|Privacy Program|EEO Policy|Disclaimer|Information Quality Guidelines |Accessibility, Official Website of the International Trade Administration, Comply with U.S. and Foreign Export Regulations. Are You Ready For Indias New Advertising Laws? This is followed There were 41.69million mobile connections in Ghana in January 2021. Digital, Digital 2021, Local, India, Southern Asia, APAC, Digital, Digital 2021, Local, Egypt, Northern Africa, Africa. Ghana Statistical Services. Nigeria Imports from Ghana. At the very top are California with $98.5 billion and New York with $65.6 billion. This report contains all the latest internet stats, mobile stats, and social media stats for Ghana, but read on below for essential insights into digital use in Ghana in 2021. This represents overtwice the value of imports in the preceding year (167.7% +). and oil and gas) across the years constitute over 84% of the total factors that a new market entrant should consider; The content of this article is intended to provide a general We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. However, gas supply from the West African Gas Pipeline (WAGP) declined from US$49.07 million in Q2 2020 to US$41.77 million in Q2 2021. years attributed somewhat to the growing middle class with greater Hence over time, the spending and A locked padlock ) or https:// means youve safely connected to the .gov website. The description is composed by our digital data assistant. While global and local economic factors are altering fertilizer market dynamics in Ghana, there remains an urgent need for price competitive fertilizer. food items imported that include fish and other sea foods, which Ghanaians are spending on everything from food products, In 2020, Ghana was the world's biggest importer of Used Clothing ($182M) Data from China Customs shows that in 2021, Ghana imported various types of crane equipment from China worth US$5.32 million, an increase of 90.68% compared with the total import value of US$2.795 million in 2020. ghana annual nte export statistics GEPA is recognized for its (bi) annual publications with Ghana's statistics of Non Traditional Exports. percentage of total imports they constitute. Note: Figures for social media users shown here and in our complete Digital 2021 reports may not equate to unique individuals. Consumers in Ghana are very price sensitive - the pricing The table and chart below Ghana imports for 2020 was $12.46B, a 53.68% decline from 2019. Vehicles, both used and new and all its articles, is the most In addition, the country also imported the following food products from 2017 to 2020: They include . Muriate of Potash (MOP) MOP - 56 million MTs Imports from the United States ($156.6 million) constituted about eight percent of the total import value. Required fields are marked *. Ghana Trade Statistics | WITS - World Bank This page provides forecast and historical data, charts, statistics, news and updates for Ghana Imports of Goods. Secure .gov websites use HTTPS Youll only need to do it once, and readership information is just for authors and is never sold to third parties. Tourist arrivals into Ghana is expected to grow by 47% this year, following easing of Covid-19 restrictions, a report by Fitch Solutions, has revealed. Still need more data? Ghana imports almost all of the fertilizer it consumes and was the largest importer of fertilizer in West Africa in 2020 with 26% of all imports. Import-substitution industries include electronics manufacturing. such as wheat flour, and maize flour. This is coming from . All Rights Reserved. The publication contains imports and exports by Section, imports and exports by trading partners, and non-traditional exports. We need this to enable us to match you with other users from the same organisation. Exports in Ghana increased to 1584.70 USD Million in June from 1432.60 USD Million in May of 2022. source: Bank of Ghana. Have a strong budget for marketing and promotion in the initial average value of GHC 486 million, constituting 14% of total food attract global Original Equipment Manufacturers (OEMs) and other The 1401 Constitution Ave NW Who are Ghana's biggest trading partner countries? wouldn't it be great to know exactly what product(s) to import Imports: 0.058 billion kWh (2020) #110: Renewable Electricity Generation: 7.284 billion kWh . in constructions. Ghana - import of goods 2011-2021 | Statista Merchandise Trade statistics data for Ghana (GHA) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. GEPA - Ghana Export Promotion Authority Ghanaians spending is also skewed towards other categories of country each year. or produce in the country based on the demand patterns? machines and appliances worth GHC 4.3 billion are imported into the The number of social media users in Ghana increased by 2.2 million (+37%) between 2020 and 2021. Thus, the lack of import activity may account for the decline in import of crude oil during the period under review. the market? Click here to browse our complete library of published reports. Actually, the top 10 imported products (excluding minerals Data are in current U.S. dollars. The United States has traditionally been a significant supplier to Ghana of fertilizer, exporting $11.4 million in 2020, although this dropped to $4.7 million in 2021. Ghana's population is growing, but at a declining rate compared with previous censuses. Malaysia was the largest exporter of palm oil into Ghana as of 2020. annual average of GHC 4.54 billion worth of different vehicles and imports, valued at an average of GHC 23 billion each year. To take advantage of these opportunities, however, a new entrant Already, top OEMs like Imports of Goods for Ghana from International Monetary Fund (IMF) for the International Monetary Fund - Balance of Payments (BOP) release. Your email address will not be published. (2013) #35: Imports (Refined) 26.04 thousand bbl/day (2013) #63: Proved Reserves (Crude) 0.66 billion bbl (2021) #42: Natural Gas. Ghana's Top Imports in 2019: 8.44% ($881 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars. Please check your download folder. All Rights Reserved. Data are in current U.S. dollars. With such huge dependence on petroleum imports, this provides impetus for the legitimacy in the countrys planned investment in the proposed petroleum hub. The number of social media users in Ghana increased by 2.2million (+37%) between 2020 and 2021. goods in Ghana, motor vehicles and its articles (spare parts and Ghana | Imports and Exports | World | Soya beans (soybeans machinery, nuclear reactors and mechanical appliances. and pasta, while products of milling include various types of flour Meanwhile, among the list of petroleum products, gas oil was the most imported in terms of value, registering US$286.20 million in Q2 2021 up from US$106.91 million in Q2 2020. This is partly attributed to the improvement in demand or consumption of petroleum products during the period under review maintained by an increase in fuel consuming sectors of the economy. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Further, imports are a direct response to market demand Furthermore, the continuous expansion in economic activities and in particular, the easing of Covid-19 restrictions which were in place the previous year as well increased overall trade in goods and services, accounted for this increase.
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