As soccer stars move from one country to another (possibly jeopardising upcoming international matches), so too do Ghanaian goods and services.
Unfortunately, trade and development haven’t made Ghana into the economic hub that Former President John Agyekum Kufuor would have expected to see. He cites his party’s loss in the 2012 election as a main cause for Ghana’s current status. His plan to institute offshore banking was swept away by the Late President John Evans Atta Mills. And this, claims Kufuor, would have transformed the economic landscape of the country.
The claim is problematic at best. Surely it would have taken longer than four years for offshore banking to make Ghana into an economic super hub in Africa and the world. Although the premise can’t be held as truth, that doesn’t mean that Ghana shouldn’t be more developed than it is.
But, maybe it will be.
According to the British High Commissioner to Ghana, Jon Benjamin, Ghana can still take advantage of the Economic Partnership Agreement to export goods to the United Kingdom. Exporters participate in a duty quota on goods exported to the UK, as per the current arrangement with the European Union. Things will change as the United Kingdom parts ways with the EU as per the Brexit referendum.
It certainly gives hope to Ghanaian producers that they won’t be left on the sideline as Britain renegotiates trade agreements with every country on the planet.
And, it’s hardly as if the UK is the only spot for international cooperation and development. Recently, Russia’s nuclear utility, Rosatom Corporation, has been guiding Ghanaian officials on the premises and basic guidelines of establishing itself as a nuclear power. No, not missiles; but energy – and a lot more of it than Ghanaians have come to expect from their government.
More developed talks with Russia could develop mean more bilateral trade between the two countries and that’s always a good thing.
And, just maybe, the government will actually make it so much easier for business and trade to occur. Talks are in play with various suppliers, including South African Airways, to redevelop and launch the defunct Ghana International Airlines. The hope is to get it going by… can you believe it… October!
Perhaps it will help to develop Ghana’s position in Africa and the world. At the very least, it’s another issue to add to the election discussion.