Business News of Tuesday, 25 April 2017

Source: starrfmonline.com

Ghana records 3.2m metric tonnes of imports from Africa region

Imports from the Africa region to Ghana in 2016 amounted to 3.2 million metric tonnes. This represented an increase of 1.1 million metric tonnes or 57% increase over the 2015 figure.

The Ghana Shippers Authority’s shipping quarter and outlook cites major items imported from the Africa regions as liquid bulk cargoes mainly crude oil, LPG and petroleum products.

Liquid bulk cargo therefore saw an increase of 94% over the 2015 figure. The chief Executive Officer of the Ghana Shippers’ Authority, Dr. Kofi Mbiah underscored that trade between Ghana and the West African sub-region is nothing to write home about.

“Imports from other African countries accounted for 27% share of Ghana’s import trade and the large part of it is as a result of the importation of crude oil and that impact is significantly because indeed trade between our country and the West African sub-region is very small, nothing to write home about,” Mbiah noted.