Ghana EARNED Over EUR200m Trade Surplus From Trading With France

French Ambassador to Ghana, Anne Sophie Avé, has said that Ghana made up to EUR200million as a surplus in trade balance from trading with France last year.

Accra-based Joy News quotes the French Ambassador as saying that Ghana’s imports from the European giant decreased while its exports increased and that that resulted in the trade surplus balance. 

 “Ghana earned over 200 million euros as surplus in trade balance last year and this is because imports from France decreased by 6% and exports from Ghana to France increased by 30%,” Ambassador Ave’ is quoted as saying.

She adds, “At the moment, France and the EU are in partnership to deepen trade ties with Ghana.”

Ghana is the 5th biggest supplier of oil to France in the West African sub-region, the report said. The country mainly supplies the European giant agricultural produce.

On the other hand, France exports mainly metallurgical products, refined petroleum products, food products and engineering equipment to Ghana according to the report.

The Ambassador highlighted that France’s biggest investment in Ghana to date is a US$1.5billion Tema Port Expansion project facilitated by a French company, Bolloré Transport & Logistics and APM Terminals with support from the International Finance Corporation (IFC).

“The $1.5 billion investment in the Tema Port expansion project with Bolloré Transport & Logistics investing over $500 million with support from the World Bank is our [France] biggest investment in Ghana. The country has a good business climate and is an attractive investment destination on the continent for French companies.”

According to Ambassador Ave’ this investment is because Ghana has a good business and investment climate.