The plastic processing industry is a popular choice for investment and export in Ghana
The plastic processing industry is a popular choice for investment and export in Ghana
Most companies in the plastic processing industry rely on imported resins in the Middle East or Asia, and lack of adequate polymer production is the biggest challenge. The rise in local currencies against the dollar has added to market uncertainty, making it difficult to compete with cheap Chinese imports. Plastics are clearly playing a vital role in changing the continent. In the next five years, according to AMI, annual growth in demand from South Africa's coast of cote d 'ivoire is 5% to 15%, an average of 8% a year. Ghana is facing transition, the gold, cocoa, diamond, timber, manganese, bauxite and other traditional export items, Ghana, more and more with machining and product exports, the resulting demand for plastic packaging is becoming more and more big. In 2010, Ghana's packaging industry was worth about $200 million and reached $5 billion in 2015. The ghanaian government agency is working to promote the development of packaging industry in Ghana. Between 2010 and 2012, the import of food processing and packaging machinery in west Africa reached 341 million to 567 million euros, up 66 percent. Imports of plastic equipment rose from 96 million euros to 135 million euros, up 40 percent. Printing machinery rose to 88.2 million euros from 68.5 million euros. Ghana is the fastest growing economy in Africa, stable in political situation and rich in resources. In 2015, many enterprises in China have targeted the Ghana market and established many printing plants in Ghana. West African agriculture: according to the German engineering association, the import of agricultural machinery in west Africa reached 17.53 billion euros in 2013, up from 18.05 billion euros in 2012 and 16.78 billion euros in 2011. West African food and beverage machinery: imports of west African food production and packaging machinery rose by 75 percent from 341 million euros in 2010 to 600 million euros in 2013. West African food: according to the world trade organization (wto) data show that west African food imports reached $2013 in 13.89 billion, west food exports to $2013 in 12.28 billion, import and export volume of $26.17 billion. In the first quarter of 2013, China's bilateral trade volume with Ghana reached us $111.31 billion, ranking the eighth in Africa and the 3rd among 24 west African countries, with a year-on-year growth of 26.9%. Among them, China exported $929 million to Ghana, up 32 percent. China imported $202 million from Ghana, up 7.7 percent. The bank of Ghana has introduced the renminbi to the foreign exchange market at the end of 2013. The bank's move to meet the growing demand for yuan in the commercial sector will help business people effectively avoid currency losses. The rapid increase in the number of young and middle-aged people in Ghana has increased demand for carbonated drinks, fruit juices and functional beverages. The development of tourism, one of the top ten tourism countries in Africa, the change of the lifestyle of the top income family, the increase in the number of fast food chains and supermarkets. With a vast market of 250 million in west Africa, China has also been increasing its imports of food and drink from China in recent years. Economic and trade cooperation between China and Ghana lock in food and beverage areas, increased in the development of the field between the two countries, the government's policy in 2016, the government will invest 120 million ghanaian cedi (about 193 million yuan) to support the agricultural development, especially to increase of rice, shea butter, cashew and agricultural products processing industry, in order to improve agricultural production capacity. Ghana (vice President, Mr - Arthur also said it will take hundreds of tractors, harvesters and other agricultural machinery also distributed to farmers across the country, by speeding up the agricultural modernization and realize the sustainable use of resources to promote the economic transformation of Ghana which is urgent to the government to attract investment. To this end, the ghanaian government has put the number of agricultural mechanization service center from 57 in 2009 increased to 2014 in 89, the coverage rate increased by 56%, the government will invest 3 billion Ghana in the next five years to support cocoa area road construction. With the implementation and development of this series of measures, plastic processing industry has become a popular choice for investment and export in Ghana. China as a big country, the development of plastic packaging industry has been occupying very important position, mature technology, combined with the situation of fit, it has a very broad prospects for development in Ghana. Plus response area power strategy, all the way through the policy support and the ghanaian government friendly attitude, numerous exhibitions such as China's trade week good business platform, believe that Chinese enterprises can be accomplished in Ghana!
