Turkish Exporters' Assembly (TİM) has addressed the Ghana market after South Korea with the 2nd leg of Export Compass event. Along with the risks and opportunities for Turkish exporters in the Ghana market, market entry strategies and transport, customs and insurance issues were also discussed in the meeting.
The meeting started with the opening speech of TİM Chairman Mehmet Büyükekşi. Republic of Ghana İstanbul Consul General Muhammed Nurudeen İsmaila, DEIK Turkey-Ghana Business Council Chairman Pelin Güneşoğlu, Secretary General of TIM Dr. H. Bader Arslan, Coface Commercial Group Deputy General Manager Ali Gençtürk, Ministry of Economy Former Accra Trade Counselor Ziya Çamur and Elvan Group Export Manager Adem Karaduman also participated in the event.
“Today, The Route is Ghana”
In his speech TIM Chairman Mehmet Büyükekşi said, “We informed exporters about South Korea. Today, our route is Ghana. Forty-five percent of Ghana's GDP was composed of agriculture 8 years ago. Now more than half of the national income comes from the service sector. Ghana has a wide range of products, including rich underground resources such as gold and petroleum, and its world famous cocoa.”
“We must overcome obstacles of the trade”
Büyükekşi added, “Our exports to Ghana in 2016 were $298 million. Our imports were $180 million. Our share in Ghana's $13 billion worth of imports were only 2.6 percent. We need to untap Ghana's potential together and improve our bilateral trade by overcoming the obstacles. The frequent change of customs duties in Ghana reduces the predictability of the market. This can be a deterrent for our companies. Ghana ports are used for export to non-coastal countries like Niger and Mali. However, there are time-consuming and costly applications for products coming to Ghana's ports.”
Republic of Ghana İstanbul Consul General Muhammed Nurudeen İsmaila told, “Turkey is a big market for us. We will strengthen the relations between the two countries together.”
DEIK Turkey-Ghana Business Council Chairman Pelin Güneşoğlu mentioned “In 2016, Ghana attracted $3 billion in foreign investment. There are great opportunities in Ghana for investors.”
Secretary General of TİM, Dr. H. Bader Arslan “Over 1000 Turkish companies export to Ghana. Ghana is the best country in Africa, in terms of ease of conducting trade.”