Ghana, has banned the importation of some
products into the country.
According to Vanguard, the Ghanaian Minister
of Trade and Industry, Ekwow Spio-Garbrah, on
Wednesday, said that Ghana and Nigeria
account for about 68 per cent of the ECOWAS
region’s Gross Domestic Product.
It would be recalled that in a bid to protect the
Naira and Nigeria’s falling economy, the CBN
had recently prohibited the importation of about
41 items into Nigeria.
Many believe that Ghana is following Nigeria’s
foot steps, while others posit that Ghana is
retaliating against Nigeria’s ban on some
products from the country- a move which has
adversely affected businesses that export their
products from Ghana into Nigeria.
Ghana is said to be Nigeria’s largest trade
partner within the West African region, with
Nigeria accounting for 10 percent of Ghana’s
foreign exchange and Ghana being Nigeria’s 9th
largest trade partner.
The relationship between both countries has
been mutually beneficial, as Ghana is also the
largest importer of Nigeria’s oil within the West
African sub-region.
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Ennyolalekan
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