Export Portal - Solving the Problems With International Trade in Ghana

International trade has always had challenges in many developing countries. This is especially true in Ghana and other African countries, where a significant section of the GDP depends on the export of different raw materials such as cocoa. Despite this, international trade in Ghana has significantly improved over recent years. 

However, international trade in Ghana still has a long way to go to capitalize on its foreign trade opportunities fully. For this reason, Export Portal presents a lifeline for small businesses, especially businesses that are looking for an online trade hub to sell their products with new markets.

Problems With International Trade in Ghana  

According to a 2018 article published by the California International Business University, the issues with international trade in Ghana have been divided into two categories, internal and external challenges. 

Internal Challenges

These are challenges originating from hindrances within the country. Mainly, these are due to the country's inability to meet specific standards in the world market. 

Examples of some of these internal hindrances include inadequate technology to facilitate the selling and distribution of goods to international buyers. 

External Challenges

External challenges are the constraints businesses within the country face due to outside factors. These factors could either be specific rules and regulations, or lack of access to the right marketplace. 

Ultimately, advances in technology all over the world have not fully benefited small and medium enterprises in many developing countries. As such, many exporters in developing countries like Ghana still rely on traditional methods of doing business.

Furthermore, the slower growth of the payment processing industry in the developing world has adversely affected international trade in Ghana. This has been the case – even though the government of Ghana has endeavored to place international trade at the heart of the country's development plans as a way of maximizing the benefits of Ghana's trade partnerships abroad. 

Overcoming These Challenges With Export Portal

Export Portal offers a resounding solution for all these challenges in the form of its B2B marketplace. With this trading platform, businesses in Ghana have the opportunity to: 

    • Find legitimate, verified buyers from around the world

    • Access sophisticated blockchain technology that facilitates and secures payments and business transactions. 

    • Use the built-in technology of Export Portal to maintain communication with industry experts and other verified companies around the world. 

    • Get help with documentation and shipping arrangements through the Logistics hub. 

The list goes on. Also, there are resources available on the portal to educate businesses about subjects such as free trade agreements, tariffs on international trade, and many more. 

You can overcome these challenges by registering on Export Portal today for access to buyers from different industries all over the world. Or you can subscribe to our newsletter to receive the latest information and updates from around the world.