Ghana looking forward to more EU banana exports
This is as a result of the EU removing the quota and tariff that was imposed on the country, after the signing of an Interim Economic Partnership Agreement.
Banana production in Ghana has been increasing, largely as a result of foreign investment in the country and the sector specifically.
Currently, Ghana exports over 50,000 metric tonnes of banana annually to the EU, which is a jump from the 4000 metric tonnes the country was exporting about six years ago.
Ms Tetteh acknowledged the challenge posed to Ghana's banana industry by Latin American countries. She said that Ghana's growers needed to be able to produce at lower costs in order to be able to compete internationally.
The funds for improvements such as this are to come from the BAM - Banana Accompanying Measures, EU funds to assist banana producing countries with the liberalisation of the industry on the global stage.
The EU Ambassador to Ghana, Claude Maerten, said the trust of the EU trade and economic partnership with Ghana was to improve the lives of the citizen.
Source: ghana.gov.gh
