Economic Relations between Ghana, Germany and the European Union
The Republic of Ghana and the European Union installed an interim-Economic Partnership Agreement (interim-EPA), which offers Ghanaian exporters continued access to the markets of the European Union. This agreement partially liberalises the
access of European exporters to the Ghanaian market. Up to now this agreement has not been signed by the Government of Ghana.
Signing this agreement will be crucial to continue preferential market access to the European Union.
The German-Ghanaian treaty on protection of investments came into force on November 23, 1998 and the treaty on the avoidance of double taxation on January 1, 2008.
The bilateral trade volume between Germany and Ghana rose by 17 per cent to 414 million Euros in 2011. This is due to a strong rise of German exports to Ghana (32 %). At the same time, Ghanaian exports to Germany fell by 9.1 % to 137.7 million Euros.
Ghana’s most important export goods to Germany are cocoa, wood and aluminium. Germany exports motor vehicles, machines and chemical products to Ghana.
The Ghana-German Economic Association and the Delegation of German Industry and Commerce (AHK Ghana) promote business between Ghana and Germany and strive to foster industrial and economic development and growth in Ghana.