Time Programme

0830 Registration of Participants

hrs
0900 Welcoming Remarks
hrs Deputy Chief Executive Officer (Export Acceleration), MATRADE
0915 Presentation on “Malaysia’s Trade with African Countries” by MATRADE
hrs
0930 “Exploring Business Opportunities in Africa”
hrs Presentation by the speakers from Angola, Ghana, Kenya, Madagascar,
Mozambique, Uganda & Zimbabwe
1115 Panel Discussion and Q&A Session
hrs Moderator: Former MATRADE Trade Commissioner in South Africa
1135 Sharing of Experiences by Malaysian Company
hrs 1. Hyrax Oil Sdn Bhd
2. Iris Corporation Bhd
1215 Q&A Session
Emcee
Nurfatin Amirah Azmi
Assistant Manager
Unit Africa
MATRADE
Mohd Mustafa Abdul Aziz
Deputy Chief Executive Officer
Export Acceleration
MATRADE
Mark Badu-Aboagye
Chief Executive Officer
Ghana National Chamber of Commerse and Industry

Harriet Asiedu
Commercial Officer
Ministry of Trade and Industry
Background
Africa Map (with Ghana location) and
Ghana location Map
 Key Economy Data
Economy Indicators 2018
GDP Real Value and Growth USD $ 65,557million and Growth Rate 6.2%
GDP per Capital USD 2,202.00
GDP by sector (%) Agriculture : 19.7 %
Industry : 34 %
Manufacturing : 4.1%
Mining : 23.3 %
Services : 46.3%
Inflation rate 9.8%
Unemployment rate 6.71 %
Currency Ghana Cedis (GH ₵), USD1=GHS5.4
Major Banks Bank of Ghana, Ghana Commercial Bank and Agriculture
Development Bank
Lending Rate 26.86%
 Demography
Categories 2018
Population 30.42 million
Gender composition 50.9 % male and 49.1 % female
Age Group < 18 years old : 47.3 %
18-49 years old : 40.5 %
50-64 years old : 7.4 %
>65 : 4.6 %
Retirement Age 60 years
Life Expectancy Men: 59.8 years old
Women: 62.3 years old
Language Majority: English, Twi

Literacy Level 76.67 %

Religion Christian: 71.2%
Muslim: 17.6%
Traditional Faith: 5.2%
Ethnics Akan (47 %), Dagbani (17%), Ewe (14%), Ga-Adangbe (7%) etc.
 Main Ports of Entry &
Airports
Main Ports Main Airports

Tema Port Kotoka International Airport

Takoradi Port Kumasi Airport

Takoradi Airport

Tamale Airport

Wa Airport
External Trade &
Industry Updates
 Top 5 Trading Partners, Exports
Destinations & Import Sources 2018
Top 5 Major Trading Partners, Major Exports Destinations & Imports Sources:
Country Total Exports Total Imports
USD Mil Share (%) USD Mil Share (%)
(Global total) (Global total)

100.0 100.0
2689 18.7 China 2134 16.7
India
2381 16.6 United States 1200 9.4
China
Switzerland 1660 11.6 United Kingdom 1099 8.6

910 6.3 Spain 755 5.9

South Africa
Netherlands 885 6.2 Belgium 719 5.7
 Current Industry Developments
in Ghana (Top 5)
Industry Background
Cocoa (Raw beans and Processing) 1. What are the major companies in this industry?
Ghana Cocoa Board, CocoaProcessing Company Ltd,
Cargill Ghana Limited, Olam cocoa Processing Ghana
Ltd, Niche Cocoa Indsutry
Oil and Gas 1. Tullow oil, ENI, Aker

Mining 1. Ashanti Gold Company

2. Bibiani Gold Comapy
3. Bogoso Gold

None Traditional Products 1. Shea butter, yam, pineapple, Cashew nuts,

Mangoes, Vegetables, fish, root crops, oil pal , Craft
etc
Pharmaceuticals 1. Danpong, Mikado, Ernest Chemist, Tobinco etc
 Potential Export and Import
Products in Ghana
Potential Export Products of Ghana:
1. Gold
2. Cocoa and finished cocoa products
3. Crude petroleum
4. Cashew etc.
5. Garments and textile (Kente)
6. Pharmaceuticals
Potential Import Products into Ghana:

1. Manufactured goods
2. Rice
3. Sugar
4. Machinery
5. Medical Equipment and Pharmaceutical products
 Do’s and Don’ts
doing business in Ghana
• In Ghana's business environment is underpinned by impressive economic growth and
steady innovation in the business sector.
• Ensure your business is properly registered with the Registrar Generals Department.
• All taxes and other regulatory commitments must be paid on time.
• Register with relevant State Agencies such as the Standard Authority, Foods and Drugs
Authority.
• Avoid any illegalities such as money laundry, bribe etc
• Ensure you acquire land from the rightful owners by conducting all the necessary
checks.
• Don’t use the left hand when offering gifts to a business associate
• Don't embarrass a business contact at a meeting. Ghanaians value the concept of
'maintaining face' and will try to avoid uncomfortable situations.
 Investment Opportunities
in Ghana
Potential Industries/ Sectors for Investment:
1. Agro and agro processing
2. Infrastructure -Road, Railway, Housing
3. Mining
4. Oil and Gas
5. Energy
6. Tourism, Arts and Culture
7. Textile and Garment Industry
8. Automobile
9. Pharmaceuticals
10. Oil Palm
11. Industrial Starch
12. Industrial salt
 Incentives for Foreign
Investments in Ghana
• The extensive and generous incentives packages in the Free Zones Act (1995) for investors
interested in developing and operating free zone enclaves and single-factory free zones in Ghana
: Free Zone investors are permitted to operate foreign currency accounts with banks in Ghana.
• At least 70% of annual production of goods and services of free zone enterprises must be
exported; 30% of annual production of goods and services of a free zone enterprise are
authorized for sale in the local market free zone investments are guaranteed against
nationalization exportation

Monetary Incentives Offered:

100% exemption from payment of direct and indirect duties and levies on all imports for production
and exports from free zones.
100% exemption from payment of income tax on profits for 10 years and shall not exceed 8%
thereafter.
Total exemption from payment of withholding taxes from dividends arising out of free zone
investments;
Relief from double taxation foreign investors and employees
 Incentives for Foreign
Investments in Ghana
• Custom duty exemptions for capital goods

• Guarantee against expropriation

• Full repatriation of dividend and profit after tax

• Remittances of proceeds in the sale or liquidation of investment

• Automatic immigration quota depending on paid up capital

• Strategic investment incentives

SIX (6) REASONS TO INVEST IN GHANA
 SIX (6) REASONS TO INVEST IN GHANA

• Stable Democratic Climate

• Ease of Doing Business – EDB report by World Bank (114th Globally), 1st FDI destination
in West Africa (EY Attractiveness Index 2018)

• Accessibility – (Centre of the World, World class Airport, World class Seaports, 350 m
market through ECOWAS and 1.2 billion through AfCFTA)

• Competitive and Educative Labour Force

• Growing population and Middle Class (Population growth of 2% pa. with high
marginal propensity to consume)

• Strong Resource Base (Cocoa, Gold, Diamond, Oil and Gas, Timber, Non Traditional
Products)
 TRADE STATISTICS BETWEEN GHANA AND
MALAYSIA

Years Ghana's export to Ghana's imports from Trade

Malaysia Malaysia balance USD
USD 000 USD 000 000

2016 141,139 215,021 73,882

2017 303,467 454,298 150,831

2018 230,816 1,109,464 878,648

 Insert Your
Country’s Flag

Insert Your
Organisation’s
logo