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Mr. Pau M\u00e4rz, Managing Director of fairtrade, has noted that, with almost 40 million population, Ghana has a huge food market for Investment.<\/p>\n
He added that the country’s expenditure in the food and beverage sector is growing steadily and is “by far the largest segment of the Ghanaian processing industry”.<\/p>\n
According to the World Trade Organization (WTO), Ghana imported food worth USD 1.2 billion and exported food worth USD 1.7 billion in 2021.<\/p>\n
“Thus, food trade with Ghana is a USD 8.5 billion business,” he stressed.<\/p>\n
Mr. M\u00e4rz was speaking in an interview at the 6th International Trade Show for West Africa agro-food and West Africa plast printpack conference and exhibition in Accra on Tuesday, November 21, 2023.<\/p>\n
Ghana’s investment in food and packaging technology shows an annual growth of 8.6% between 2017 and 2022, from 59 million Euros in 2017 to 89 million Euros in 2022.<\/p>\n
The event, which is jointly organised by the AHK Delegation of German Industry and Commerce in Ghana and Fairtrade Messe, aims to help increase Ghana’s self-sufficiency and improve supply.<\/p>\n
On her part, the Italian Ambassador to Ghana and Togo, H.E. Daniela d’Oriandi, noted that trade in technical goods between Ghana and Italy grew by 30% reaching 90 million Euros in 2022.<\/p>\n
According to H.E., this growth suggests that many more Ghanaian companies are looking for Italian solutions.<\/p>\n
“We invest in innovation, training, provide technical assistance, and out products are reliable, \u00a0and there are many initiatives to promote the trade between Ghana and Italy,” she emphasized.<\/p>\n
The Exhibition<\/p>\n
This year the organizers havr succeeded in bringing exhibitors from over 12 countries and hope to establish business relationships among the various companies during the exhibition.<\/p>\n
Mr. M\u00e4rz announced that two industry awards will be presented during the exhibition and this will be led by the Chamber of Agribusiness Ghana.<\/p>\n
He also mentioned that there’s a subsidized package for agricultural machinery.<\/p>\n
The major participants in this year’s show are Ghana Export Promotion Authority (GEPA), GIZ AgriBiz and more.<\/p>\n
In total some 70 exhibitors from 12 countries are presenting products, technologies and solutions specifically tailored for the Ghanian and West African market.<\/p>\n
The exhibitors are from Ghana, Austria, China, France, Germany, Italy, the Netherlands, South Africa, Nigeria, Poland, Thailand and Ukraine .<\/p>\n
Source: Peacefmonline.com <\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n
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