Assessing Domestic and Regional Factors Influencing Ghana’s Export Trade in Africa
Open Access
- 1 January 2021
- journal article
- research article
- Published by Scientific Research Publishing, Inc. in Open Journal of Business and Management
- Vol. 09 (01), 103-113
- https://doi.org/10.4236/ojbm.2021.91006
Abstract
Ghana’s hopes of increasing export trade volumes and destinations to domestic economies within the African continent in order to foster growth and climb the economic ladder to become a middle income country is very much achievable. However, this objective to a great extent depends on regional integration and cooperation rather than the efforts of one single country or economy. Intermediary influencers such as distance play a major role in determining export destinations for Ghana, whilst endogenous issues like customs procedures and border related issues, tariffs and import quotas, and trade restrictions within the importing countries heavily affect Ghana’s trade volumes and destinations within the region. Thus the establishment of robust economic bodies and platforms to institutionalize universal trade regulations and reforms to enhance effective trade among member countries and reduce trade transactional processes, lengthy customs procedures and trade restrictions will not only affect Ghana positively but all other domestic economies within the region. Enjoying an effective export trade will also come as a result of the continent investing heavily in infrastructural development, complemented with effective transportation systems, better service provision via advanced technologies and human capital development.Keywords
This publication has 11 references indexed in Scilit:
- Geography in motion: Density, Distance, and Division in Sub-Saharan AfricaPublished by World Bank ,2008
- Road Network Upgrading And Overland Trade Expansion In Sub-Saharan AfricaPublished by World Bank ,2006
- Trading On TimePublished by World Bank ,2006
- New barriers hinder African tradeAfrica Renewal, 2006
- Breaking the Conflict Trap: Civil War and Development PolicyPublished by American Psychological Association (APA) ,2003
- Infrastructure, Geographical Disadvantage, Transport Costs, and TradeThe World Bank Economic Review, 2001
- Two Waves of Globalisation: Superficial Similarities, Fundamental DifferencesPublished by National Bureau of Economic Research ,1999
- Institutions, Institutional Change and Economic PerformancePublished by Cambridge University Press (CUP) ,1990
- Increasing Returns and Economic GeographyPublished by National Bureau of Economic Research ,1990
- Determinants of Bilateral Trade FlowsThe Journal of Business, 1986