Organic Food Market Ghana Essay

Main international avocation partners South Africa, Netherlands, India, coupled Kingdom, Malaysia, Switzerland, United States, France, Nigeria, Burkina, China, Spain, Italy, Turkey, Germany and and so forth Macro- stinting opportunities and risks The military personnel Banks hush of Doing Business rankings placed gold coast at 63 place among 183 countries in 2012 (1 = crush ranking), just behind Poland (62) and ahead of the Czechoslovakian Republic (64). gold coasts feat is defined as especially paltry in obtaining construction permits and resolving insolvency. Neverthe little, gold coast is among the top five countries in sub- Saharan Africa.Economic risks in gold coast embarrass a relatively high splashiness rate of 10. 4% estimated in 2013. systematically high unemployment over the years is some other negative factor keeping the state in poverty. About 28. 5% of the centre population is living at a lower place the poverty line. Other urgent challenges in Ghana a re the inadequacies in education and health care that limit neighborly outgrowth in the countrified. It also must organise crime. Underdeveloped infrastructure, poor management of rude(a) and human resources, and lack of a fully conducive and cordial business purlieu in the country also petition public sector attention.According to the cognition portal Global EDGE, Ghanas strategic goals focus on future tense economic growth, improving quality of life sentence by boosting employment and decreasing poverty, increase private investment and overall social and rural development. With such plans, international companies git expect incentives for initiating business in Ghana. menial corporate taxes, low equity requirements, exercise duty exemptions forplants, machinery, equipment and parts, and relief from double tax revenue are some of the incentives and guarantees that the government this instant offers to encourage future outside investment.Coca-Cola Co. and Heinz for k up already been operating successfully in Ghana while companies like Caterpillar, Unilever, IBM, AT& axerophtholT, to foretell a few, are undertaking new investments. Companies are support to establish themselves and operate in the countrys many potentially salaried marketplaces including hydro-power projects, pharmaceuticals and information technology. Subsequently, as African countries bring fully implementing the African Economic corporation (AEC) established in 1991, Ghanas trading access to other African nations could increase significantly in the approaching years.Ghana is a member of the World Trade Organization and has quota-free access to United States and European Union markets. The country has trade free zones where goods can be traded without customs duty duties. The government is putting forth efforts to modify infrastructure to ensure hassle-free movement of goods and produce. epoch Ghana faces difficulties, all these factors make Ghana a promising market for foreign businesses. innate food market data General foodstuff size n. a. Market growth rate n. a. Domestic product n. a.Exports (US$, 2006) $75. 64 million Imports n. a. Shares/sizes of market segments merry fruits, vegetables, palm oil, cocoa, bananas, cashews, culinary herbs, cereals, cotton, shea butter and and so ontera Number of manufacturing businesss, names of big producers, all logical implicationant(p carmineicate) brands Benrod Group (producer and exporter), Ibrahim Jalilu Adventure (producer of spices), Botim Farms (group of cashew farmers), Joansspiceworld (producer of spices), Mercydan (black soap, red palm oil, coconut oil), Eagle luxurious Company (gold, diamond), Best Organic Fodd affect ( radical food) and etc.Smallholder farms dominate the agricultural sector, method of accounting for close to 80 percent of tote up take. ( constitutional agriculture in general is fountainhead suited to belittled farmers because usually small-scale farme rs do not have a good deal cash to purchase external inputs, chemical inputs, pesticides, or chemical fertilizers) Typical scattering channels The Ghana Organic culture Network, Afrikeco Organic Products Ltd, Andea-African Network for Development of bionomical Agriculture, Armajaro Ghana Limited, Black Volta Organic Society, Ebenut, Ecasard-Ecumenical Ass.For sustainable Agr. And Rur. , Eloc Farms Limited, Ghana Bio Network, Ghana Export progression Council, Ideal Providence Farms Accra, Integrated Tamale harvest-feast Company, Natures Best Fruit Ltd. , Quin Organics, Tracs Farms Ltd. , TOFA (Traditional Organic Farmers Association), Wad African Foods Ltd, Yayra Glover Limited Characteristics of the total food market Supply chiefly from the domestic market Production unex angstrom unitled fruits (mainly pineapple, bananas, watermelon), vegetables, palm oil, cocoa, cashews, culinary herbs, cereals, cotton, shea butter and etc.Distribution Just over 28% of the perfect produ cers in Ghana export their production and the remaining 72% do not export their production, but peradventure sell it domestically. With regards to exports, virtually all organic products (85%) are exported to Europe. The data is taken from a survey16 made in 2009 among 688 producers, marketers and consumers. Consumption world(a) sales of organic chocolate produced in Ghana increased to $304 million in 2005 from $171 million in 2002. However, the total market share of organic cocoa accounted for less than 0.5% of total cocoa production in the same period, possibly because ceremonious cocoa homecomings more and is more lucrative than organic cocoa. When a conventional producer converts to organic production, in that location is an immediate afford loss. Organic cocoa production has an estimated 30% lower yield than inorganic production. Additionally, a producer must wait third years for the organic certification that go forth allow him or her to be equilibrize with an organi c set subvention. at that placefore a sufficient and stable organic equipment casualty premium is needed.The current premium price of organic cocoa is far below the estimated premium needed to entice producers to counterchange to organic production. Information on yield loss and price premium tradeoff is very important to cocoa producers to mark off whether organic production is sufficiently juicy to be adopted. For manufacturers, the information indicates the price premium necessary to secure a true(p) supply of organic cocoa. Opportunities and risks in the organic food market for DEGs clients There are not many opportunities for import of organic food, because the organic market in Ghana is still relatively undeveloped.However, there are opportunities for export of organic agriculture, because about 19,132 hectares of land are under organic cultivation, which accounts for 0. 13 % of the total agricultural line of business in Ghana (IFOAM & axerophthol FiBL 2006). The risk s are definitely big. Additional information Ghana has had little exposure to the ball-shaped economic recession and will continue on its growth path. It is experiencing significant growth in 2011 and 2012 due to the start of oil production. macroeconomic stability and ongoing reforms have contributed to economic expansion, which is helping the country to raise incomes and abbreviate poverty.There has been limited exposure to the global financial crisis, as banks rely on domestic funding.Case ex international deoxyadenosine monophosphateereles n. a. 1 . http//www. gold coastembassy. org/index. php? rogue=population 2 . http//www. tradingeconomics. com/ghana/gross domestic product 3 . http//www. tradingeconomics. com/ghana/gdp-growth 4 . http//www. indexmundi. com/ghana/gdp_per_capita_%28ppp%29. hypertext markup language 5 . http//www. tradingeconomics. com/ghana/inflation-cpi 6 . http//www. tradingeconomics. com/ghana/unemployment-rate 7 . http//www. indexmundi.com/ghana/ gdp_composition_by_sector. hypertext mark-up language 8 .http//ageconsearch. umn. edu/bitstream/95955/2/54. %20Market%20potential%20for%20organic%20fruit%20in%20Ghana. pdf 9 . http//countries. bridgat. com/Ghana_Trade_Partners. html. UXRcpMo-mE0 10 . http//www. globalatlanta. com/article/25667/ghana-overview-of-economic-risks-rewards/ 11 . http//ageconsearch. umn. edu/bitstream/95955/2/54. %20Market%20potential%20for%20organic%20fruit%20in%20Ghana. pdf 12 . http//www. intracen. org/exporters/organic-products/country-focus/Country-Profile-Ghana/ 13 .http//gh. tradeford. com/suppliers/organic-spices 14 . http//www. organic-bio. com/en/advanced-search2/? prgrp1=0&prgrp2=0&prgrp3=0&prgrp4=&name=&certification=0&city=&prodgrp1=0&country=63&prodgrp2=0ion=0&prodgrp3=0&phone=&contact=&service=0& beauteous=0 15 . http//www. intracen. org/exporters/organic-products/country-focus/Country-Profile- Ghana/ 16 . http//www. ifoam. org/about_ifoam/ around_world/aosc_pages/pdf/Status-of-Organic-Agriculture-in-Ghana-Baseline-Survey-2009. pdf 17 . http//www3. ambest. com/ratings/cr/reports/Ghana. pdf.