Ghana a Top African Export Market for Germany

Ghana a Top African Export Market for Germany

From Ghana Web

The German Ministry for Economic Affairs and Germany Trade and Invest (GTAI) have identified six countries, including Ghana that will earn increased attention from the German export economy.

The German list of “Top Export Markets 2014” includes China, Columbia, Indonesia, South Korea and the United Kingdom.

An internet portal of the German Embassy, German Information Centre Africa, quoted the State Secretary in the Federal Ministry for Economic Affairs and Energy, Mr Stefan Kapferer, as saying, “Ghana is characterised by an above-average growth, a positive development in the core sectors of the German middle class and a stable business environment.”

Mr Kapferer said this when he was joined by the Spokesman of the management of GTAI, Dr Benno Bunse, and Mr Anton F. Börner, the President of the Federation of German Wholesale, Foreign Trade and Services (BGA), to present the global market analysis carried out by foreign trade experts.

The report also identified great opportunities opening up for mechanical engineering; an area where Germany is noted for its efficiency.

Trade, development relations

Europe, particularly Germany, remains the leading destination for Ghana’s exports.

Trade between Ghana and Germany is estimated at about €5 billion, heavily skewed towards Germany.

Read more at Ghana Web