Policy Summary

Title
Ghana Trade Policy
Edition
First Edition
Sector
Trade
Development Dimension
International Relations
Initiated By
Ministry of Trade, Agribusiness and Industry
Document formulation period
N/A
Reference Date
MMM. DD, YYYY
Publication Date
Feb. 25, 2005
Last Revised Date
MMM. DD, YYYY
Approving Authority
Government of Ghana
Background
The Ghana Trade Policy (2005) was developed to provide a coherent and comprehensive framework for guiding Ghana’s trade and industrial transformation agenda. It responds to the need for structural change in Ghana’s economy, which has long depended on the export of a few primary commodities. Ghana’s aspiration to achieve middle-income status required accelerated economic growth driven by trade, investment, and industrial development. However, key challenges—including limited export diversification, weak institutional capacity, non-tariff barriers, high transaction costs, and inadequate infrastructure—had constrained trade expansion. The policy therefore articulates strategies to reposition Ghana as a globally competitive trading nation.
Aims & Objectives
The goal of the Ghana Trade Policy is to promote a stable, transparent, and predictable trade and business environment that enables private sector growth, enhances export competitiveness, and ensures consumer protection.
Strategies
The policy is structured around seven thematic areas: Multilateral Trade – ensuring effective participation in WTO, ECOWAS, and bilateral trade negotiations; Import-Export Regime – establishing a transparent, predictable, and fair tariff system; Trade Facilitation – improving customs and logistics efficiency; Production Capacity – enhancing industrial, agricultural, and SME competitiveness; Standards and Consumer Protection – ensuring quality, safety, and fair competition; Domestic Trade and Distribution – modernising domestic markets and promoting Made-in-Ghana goods; and Intellectual Property Rights – fostering innovation and safeguarding intellectual assets.
Conclusion
Implementation of the policy is operationalised through the Trade Sector Support Programme (TSSP), a five-year action plan (2006–2010) comprising 27 interrelated projects under ten thematic components. The TSSP aims to increase Ghana’s competitiveness in global markets by improving the legal, regulatory, and institutional environment for business, boosting exports, and attracting investment. Institutionally, the Ministry of Trade and Industry leads policy implementation, supported by the Trade Policy Coordinating Committee, an Inter-Ministerial Coordinating Group, and technical working groups. The National Development Planning Commission (NDPC), the private sector, development partners, and civil society organisations also play integral roles. Through these coordinated efforts, the Ghana Trade Policy and its accompanying TSSP provide a foundation for transforming Ghana into a dynamic trade-driven economy—enhancing productivity, creating employment, and ensuring equitable participation in global and regional markets.