The trade in technical goods between Ghana and Italy experienced a significant surge of 30%, reaching a total of 90 million Euros in 2022.
Italian Ambassador to Ghana and Togo, H.E. Daniela d’Oriandi, highlighted that this notable growth indicates an increasing number of Ghanaian companies seeking solutions from Italy.
“We invest in innovation, training, provide technical assistance, and out products are reliable, and there are many initiatives to promote the trade between Ghana and Italy,” she emphasized.
The revelation was shared by the Italian Ambassador during the 6th International Trade Show for West Africa agrofood and West Africa Plastprintpack conference and exhibition held in Accra on Tuesday, November 21, 2023.
Organized in collaboration by the AHK Delegation of German Industry and Commerce in Ghana and Fairtrade Messe, the event seeks to enhance Ghana’s self-sufficiency and enhance its supply capabilities.
In his opening statements, Mr. Paul März, Managing Director of Fairtrade, highlighted that Ghana, with an approximate population of nearly 40 million, represents a substantial food market. He emphasized that the country’s expenditure in the food and beverage sector is consistently increasing and stands as the “largest segment of the Ghanaian processing industry.”
The World Trade Organization (WTO) estimates that in 2021, Ghana will import food worth US$1.2 billion and export food worth US$1.7 billion.
“Thus, food trade with Ghana is a US$8.5 billion business,” he stressed.
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.
The Exhibition
This year the organizers have succeeded in bringing exhibitors from over 12 countries and hope to establish business relationships among the various companies during the exhibition.
Mr. März announced that two industry awards will be presented during the exhibition and this will be led by the Chamber of Agribusiness Ghana.
He also mentioned that there’s a subsidized package for agricultural machinery.
The major participants in this year’s show are the Ghana Export Promotion Authority (GEPA), GIZ AgriBiz and more.
In total, some 70 exhibitors from 12 countries are presenting products, technologies and solutions specifically tailored for the Ghanaian and West African markets.
The exhibitors are from Ghana, Austria, China, France, Germany, Italy, the Netherlands, South Africa, Nigeria, Poland, Thailand and Ukraine.
This year, the organizers have successfully gathered exhibitors from over 12 countries, aiming to foster business relationships among the participating companies during the exhibition.
Mr. März announced the presentation of two industry awards during the exhibition, led by the Chamber of Agribusiness Ghana. Additionally, he highlighted a subsidized package for agricultural machinery.
Key participants in this year’s show include the Ghana Export Promotion Authority (GEPA), GIZ AgriBiz, and others.
In total, approximately 70 exhibitors from 12 countries are showcasing products, technologies, and solutions specifically tailored for the Ghanaian and West African markets.
The participating countries include Ghana, Austria, China, France, Germany, Italy, the Netherlands, South Africa, Nigeria, Poland, Thailand, and Ukraine.