Ghana And Its Trade (1)

Question 0

Ghana’s imports

Answer 0

Oil, machinery, tools, vehicles
Also medical equipment
And all manufactured goods

Question 1

Ghana’s exports

Answer 1

Gold, cocoa, timber

All primary products - have not been processed

Question 2

How else does Ghana make money

Answer 2

By attracting foreign tourists

Question 3

Problems with international trade

Answer 3

Can't rely on free trade
Low tariff (3%) tax goods, however on cocoa it is about 7.7% to help protect the manufacturers - discouraged growth in Ghana 
Imported food is sold cheaply so people do not buy local produce

Question 4

Improvements and success

Answer 4

Ghana signed an EPA with the EU. makes lower tariffs on its exports to the EU until 2022
Zero tariff on cocoa beans and cocoa butter - free trade