The Africa Country Series is part of the efforts of the Pakistan Business Council (PBC) to bring into focus countries in Africa which have traditionally not been major trading partners for Pakistan. Prior to this Country Profile, the PBC has published country profiles on Ethiopia, Nigeria, South Africa, Angola and Mozambique.
Formed in 1957, Ghana is a low-middle income country, located in West Africa. Boosted by political stability, Ghana benefits from sizable foreign direct investment. With an economy based largely on the services sector, tourism, manufacturing and agro-processing industries are all thriving in Ghana. Ghana’s main exports are oil, gold, cocoa, bauxite and diamonds.
The table below shows a comparison of Pakistan and Ghana’s economies. With a population of just over 26 million, Ghana’s domestic market is small, but its proximity to the larger African region indicates great potential.
In 2014, bilateral trade between Pakistan and Ghana added up to just over $36 million, the bulk of which was made up by Pakistan’s exports to Ghana, which came in at $31.13 million. Pakistan’s imports from Ghana came up to just over $4.9 million in 2014. Despite relatively low bilateral trade, trade potential between the two countries is promising, coming in at over $13,269 million in 2014.
Despite relatively low bilateral trade, trade potential between the two countries is promising, coming in at over $13,269 million in 2014. Pakistan’s top potential export items to Ghana for the same year were Petroleum, Rice, Medicaments, Sugar, Cement and Cotton/Apparel, while the top potential import items comprised Petroleum, Lumber, Palm Oil, Aluminium and Gold.