Ghana's agri-food trade with Dubai increases by 25% in 2018

Company News of Monday, July 8, 2019

Source: goldstreetbusiness.com

2019-07-08

Ghana's export trade in agricultural products with Dubai recorded a significant 25% growth in 2018, with exports of US $ 25 million, up from US $ 20 million in 2017.

This was revealed by Cyril K. Darkwa, head of the Dubai Chamber of Representatives in Ghana, in an interview with Goldstreet Business, at the launch of the Meet the Farmer conference.

Earlier this year, the House was optimistic about the increase in non-oil trade with Ghana from 2019 to deepen bilateral relations between Ghana and Dubai.

With 72% of the Ghanaian population living in agriculture, trade professionals have plenty of opportunity to tap into the $ 100 billion US market in Dubai, home to around 16,500 outlets. food.

The current volume of trade is expected to increase further with the launch of the Meet the Farmers' Conference (MTFC), which is expected to connect large-scale buyers of agri-food producers.

Non-oil trade between Ghana and Dubai has been steadily increasing in recent years, reaching US $ 1.2 billion in 2017, while the number of Ghanaian companies listed in the Dubai Chamber of Commerce continues to grow. increase.

In total, the total volume of trade between Ghana and the United Arab Emirates (UAE) in November 2018 has hovered around 3.5 billion USD, the amount to reach 4 billion USD by the end of the year. 39; year.

In April 2018, the Dubai Chamber of Commerce in Ghana facilitated the visit of a high-level business delegation of government officials and business leaders to the UAE. This visit resulted in 175 bilateral meetings aimed at strengthening trade links.

Last September, the Chamber joined the Ghana Investment Promotion Center (GIPC) to host the United Arab Emirates Under-Secretary of the Economy and UAE High-Level Enterprises on a mission. in Ghana. This visit resulted in more than 70 bilateral meetings in Accra.