Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports
The report first reviews macroeconomic aspects in Ghana, identifying that much of the non-traditional exports' expansion, reflects sporadic foreign investments in key agro-processing activities - which enjoy preferential treatment in European markets - but, its value-added seems at best marginal, questioning its sustainability, should preferences be removed. Besides compliance with a growing number of European Union regulations on environmental, and food safety standards, Ghana will need to create a favorable business environment to attract foreign investment, and raise competitiveness of exporting firms. The study then analyzes microeconomic competitiveness, through four case studies on natural resource-based exports; efficient import substitution, and expansion into regional markets; labor-intensive, light manufactures and services; and, culture and arts manufactures. Constraints identified by exporters are industry specific, while, main cross-cutting issues, relate to the trade regime, and the provision of infrastructure. Findings of this report suggest that an export strategy for a country at Ghana's stage of development, should be based on two basic principles: maximizing the returns to current comparative advantage; and, over time, "catalizing" export diversification towards more sophisticated sources of advantage.
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dig-okr-10986155092024-08-08T18:01:38Z Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports World Bank ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION The report first reviews macroeconomic aspects in Ghana, identifying that much of the non-traditional exports' expansion, reflects sporadic foreign investments in key agro-processing activities - which enjoy preferential treatment in European markets - but, its value-added seems at best marginal, questioning its sustainability, should preferences be removed. Besides compliance with a growing number of European Union regulations on environmental, and food safety standards, Ghana will need to create a favorable business environment to attract foreign investment, and raise competitiveness of exporting firms. The study then analyzes microeconomic competitiveness, through four case studies on natural resource-based exports; efficient import substitution, and expansion into regional markets; labor-intensive, light manufactures and services; and, culture and arts manufactures. Constraints identified by exporters are industry specific, while, main cross-cutting issues, relate to the trade regime, and the provision of infrastructure. Findings of this report suggest that an export strategy for a country at Ghana's stage of development, should be based on two basic principles: maximizing the returns to current comparative advantage; and, over time, "catalizing" export diversification towards more sophisticated sources of advantage. 2013-08-30T16:04:28Z 2013-08-30T16:04:28Z 2001-06-21 http://documents.worldbank.org/curated/en/2001/06/1490226/ghana-international-competitiveness-opportunities-challenges-facing-non-traditional-exports https://hdl.handle.net/10986/15509 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank application/pdf text/plain Washington, DC |
institution |
Banco Mundial |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-okr |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English en_US |
topic |
ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION |
spellingShingle |
ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION World Bank Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
description |
The report first reviews macroeconomic
aspects in Ghana, identifying that much of the
non-traditional exports' expansion, reflects sporadic
foreign investments in key agro-processing activities -
which enjoy preferential treatment in European markets -
but, its value-added seems at best marginal, questioning its
sustainability, should preferences be removed. Besides
compliance with a growing number of European Union
regulations on environmental, and food safety standards,
Ghana will need to create a favorable business environment
to attract foreign investment, and raise competitiveness of
exporting firms. The study then analyzes microeconomic
competitiveness, through four case studies on natural
resource-based exports; efficient import substitution, and
expansion into regional markets; labor-intensive, light
manufactures and services; and, culture and arts
manufactures. Constraints identified by exporters are
industry specific, while, main cross-cutting issues, relate
to the trade regime, and the provision of infrastructure.
Findings of this report suggest that an export strategy for
a country at Ghana's stage of development, should be
based on two basic principles: maximizing the returns to
current comparative advantage; and, over time,
"catalizing" export diversification towards more
sophisticated sources of advantage. |
topic_facet |
ADB ADJUSTMENT PROGRAM AGRICULTURE ARABLE LAND AVERAGE TARIFF BANKING SYSTEM BRAIN DRAIN BUSINESS ENVIRONMENT COMPARATIVE ADVANTAGE COMPETITIVE POSITION COMPETITIVENESS CONSUMER PRICE INDEX CONSUMER PRICES CONSUMERS COST OF CAPITAL CPI CURRENCY CUSTOMS PROCEDURES DEVALUATION DOMESTIC INFLATION DUTY DRAWBACKS ECONOMIC GROWTH ECONOMIES OF SCALE EMPIRICAL EVIDENCE EMPLOYMENT EXCHANGE RATE EXCHANGE RATE POLICY EXCHANGE RATES EXCLUSIVE RIGHTS EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICES EXPORT PROCESSING EXPORT PROCESSING ZONE EXPORT PROSPECTS EXPORT SECTORS EXPORT SHARE EXPORT STRUCTURE EXPORTERS EXPORTS EXTERNAL CREDIT EXTERNAL SHOCKS FACE VALUE FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SERVICES FISCAL ADJUSTMENT FISCAL POLICIES FISCAL YEAR FISHERIES FISHING FLEXIBLE EXCHANGE RATE FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTMENTS FOREIGN INVESTORS FOREIGN MARKETS FOREIGN TECHNOLOGIES FOREIGN TRADE FORESTRY GDP GDP DEFLATOR GENERALIZED SYSTEM OF PREFERENCES GLOBAL MARKETS GROSS DOMESTIC PRODUCT GROWTH RATE GROWTH RATES HIGH TARIFFS HUMAN CAPITAL IMPORT PRICES IMPORT SUBSTITUTION IMPORTS INCOME INCOME INEQUALITY INDUSTRIAL RELATIONS INDUSTRIALIZATION INFLATION INSURANCE INTEREST RATES INTERMEDIATE GOODS INTERNATIONAL COMPETITIVENESS INTERNATIONAL MARKETS LABOR COSTS LABOR FORCE LABOR PRODUCTIVITY LABOR UNIONS LAWS COMPETITIVENESS EXPORT CAPACITY EXPORT COMPETITIVENESS NON-TRADITIONAL EXPORTS FOREIGN INVESTMENT AGRO-INDUSTRY EXPORTS PREFERENTIAL TREATMENT EUROPEAN UNION ENVIRONMENTAL REGULATIONS FOOD SAFETY BUSINESS ENVIRONMENT MICROECONOMIC ANALYSIS CASE STUDIES NATURAL RESOURCE DEVELOPMENT IMPORTS REGIONAL TRADE LABOR INTENSIVE INDUSTRIES HANDICRAFTS INFRASTRUCTURE DEVELOPMENT COMPARATIVE ADVANTAGE EXPORT DIVERSIFICATION |
author |
World Bank |
author_facet |
World Bank |
author_sort |
World Bank |
title |
Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
title_short |
Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
title_full |
Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
title_fullStr |
Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
title_full_unstemmed |
Ghana - International Competitiveness : Opportunities and Challenges Facing Non-Traditional Exports |
title_sort |
ghana - international competitiveness : opportunities and challenges facing non-traditional exports |
publisher |
Washington, DC |
publishDate |
2001-06-21 |
url |
http://documents.worldbank.org/curated/en/2001/06/1490226/ghana-international-competitiveness-opportunities-challenges-facing-non-traditional-exports https://hdl.handle.net/10986/15509 |
work_keys_str_mv |
AT worldbank ghanainternationalcompetitivenessopportunitiesandchallengesfacingnontraditionalexports |
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1807156462681587712 |