2. INTRODUCTION
st
Ghana was the 1 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.....
3. 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.
4. 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.
6. Other Products
Gold too is a major produce of the country that help improve his economy.
It is Ghana’s highest foreign exchange earner, it has been widely used
throughout the world as a vehicle for monetary exchange.
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 production by virtue of its
sulfur-fixing, deoxyizing.
7. Labor forces
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.
8. 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.
9. Ghana's Exchange with Europe
The structure and composition of Ghana’s exports is still dominated by the
production of primary resources, which make up 85% of total merchandise
exports. Cocoa and cocoa preparations are Ghana’s 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..
10. Ghana's Export Market
The EU is by far Ghana’s 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.
11. 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.
12. Ghana's Export and the EPA
Market Access
Ghana’s 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.
13. CONCLUSION
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.
14. Thank you for your attention and we hope you
enjoyed it.