Ghana-Germany trade hits €180.9M in first quarter of 2025

Ghana’s trade volume with Germany reached €180,923,000 in the first quarter of 2025, Mr Daniel Krull, German Ambassador to Ghana, has said.

Total exports to Germany stood at €85,660,000, while imports amounted to €95,263,000, reflecting a growth rate of approximately 49 per cent from the same period in 2024.

In the first quarter of 2024, trade totalled €127,673,000, with exports at €63,682,000 and imports at €63,991,000, representing a 44 per cent growth from 2023.

Mr. Krull made this known during a press briefing at his residence to introduce a project titled “New Northern Dimensions – Delights from Northern Ghana and Northern Germany.”

The project is a cultural and diplomatic initiative that blends culinary creativity, cultural exchange, and outreach. It forms part of activities marking the 836th anniversary of Hamburg, a city in northern Germany.

The initiative aims to highlight the rich cultures of northern Ghana and northern Germany while strengthening ties between the two regions.

Mr. Krull said the trade figures were encouraging, noting that over recent years, trade volumes had ranged between $500 million and $700 million.

He explained that Ghana’s exports largely comprised cocoa, gold, tropical foods, and other raw materials, while Germany’s exports included vehicles, machinery, and spare parts.

The Ambassador stressed the importance of sustained bilateral trade, particularly given Ghana’s preferential access to the German and broader European market—an advantage not extended to all countries.

“We have a strong and stable market to enable Ghanaian manufacturers and agribusiness people to focus their businesses on. They must have a reliable framework of investment and planning,” he said.

Mr. Krull added: “Germany is not only the home of car manufacturers but trade fairs, so we organised some of the specialised trade fairs for machinery, construction and mining. If you take food logistics for instance, it is the basic route for the Ghanaian investor to enter the European market.”

The 836th Hamburg anniversary celebration will be held on Thursday, May 29, at the Ambassador’s residence, with members of the Diplomatic Corps, business community, government officials, and private sector representatives expected to attend.

By Patrick Ofoe Nudzi

GNA 

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