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A
PROGRAMME FOR DEVELOPING AND ENHANCING INDIA’S
TRADE WITH THE AFRICAN
REGION
(Continued from Issue No.
1)
GHANA- Economic Indicators
(Year 2001)
Population (mid year in
Million) 19.7
GDP (US$
Billion) 5.3
Average Annual p.c. Growth of GDP
Per
Capita 1.9
Percentage Growth in
GDP 4.0
Textile Product Groups of Ghana’s Global Imports
and India’s Share therein
Value in Million US$
| |
Global Imports |
Imports from India |
India's %age Share |
| Rank |
HS Chapter |
Description |
2000 |
2000 |
2000 |
| 9 |
63 |
Other made textile articles, sets, worn,
clothing etc. |
70.06 |
0.18 |
0.26 |
| 22 |
52 |
Cotton |
27.69 |
1.84 |
6.63 |
| 29 |
56 |
Wedding, felt, nonwovens, yarns, twine,
cordage, etc |
17.97 |
0.24 |
1.34 |
Principal Commodities
of India’s Bilateral Trade with Ghana
India’s
Imports from Ghana
Value in Million US$
| Commodity |
April 2001 March 2002 |
April 2002 March 2003 |
%age Share in 2002 - 2003 |
%age Growth / Decline 2003/2002 |
|
Total |
19.97 |
18.46 |
100 |
-7.54 |
Top Commodities of India’s
Exports to Ghana
Value in Million US$
| Commodity |
April 2001 March 2002 |
April 2002 March 2003 |
%age Share in 2002 - 2003 |
%age Growth / Decline 2003/2002 |
Total Exports
of which Cotton Yarn, Fabrics, madeups, etc. |
68.57
9.52 |
104.60
14.04 |
100
13.43 |
52.53
47.45 |
Key Contacts
Prof.
Michael A. Ocquaye,
High
Commissioner
Ghana High Commission
50-N, Satya Marg, Chanakyapuri
New Delhi - 110 021
Tel : 2688 3298/3315/3338,
Fax
: 26883 202
Email : ghstarin@vsnl.net
Mr. K K Framji
High
Commissioner
High Commissioner of India
Accra, Ghana
Telephone+
233-21-775601,775601,775602, Fax: 233-21-772176
E-mail : indiahc@ncs.com.gh
Useful Websites
News, business directory, travel, sports, music, etc.
http://www.africaonline.com.gh/
Official web page of the Government of Ghana
http://www.ghana.gov.gh/
Business directory/ yellow pages for Accra, Takoradi, and Kumasi Listings for associations,
NGOs, institutions, diplomatic missions, real estate, jobs, hotels, autombiles, freight
forwarders, shopping, repair services, restaurants, education, wanted posters, etc.
http://ghanacityguide.com/
Ghana lnvestment Promotion Centre Promotes attract Private Domestic and Foreign
Investment in Ghana. Has a directory of Ghana’s top 100 companies, consulting firms
directory, financial institutions directory (banks, insurance), investors guide to Ghana,
investment opportunities,
http;//www.gipc.org.gh/
Ghana Ministry of Finance - http://www.finance.gov.gh/
Ghana Ministry of Trade and Industry-How to do business in Ghana, Trade Information Centre
(with trade statistics), import/export procedures, divestiture program (privatization), their
publications, related trade agencies {KF}
http://www.ghanaclassifieds.com/moti/
Ghana Ministry of Transport and Communication
http://www.communication.gov.gh
Budget Statement for
2004
The Finance and Economic Planning Minister, Yaw Osafo-Masfo, presented Budget Statement
for the year 2004 in Parliament on February 5, 2004. Following are some of the highlights of the
budget statement :
Real GDP growth rate of 5.2% exceeded the target of 4.7% (6.1% growth in agriculture;
5.1% growth in industry sector; and 4.7% growth in services sector);
Inflation declined to 23.6% at the end of December, 2003; the target of single digit inflation
set for December 2004;
Gross foreign exchange reserve equivalent to 3.9 month’s of imports as against projected
2.3 month’s of imports (highest since liberalisation of the foreign exchange market in 1990)
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