Entrepreneurship Seminar 2012

Embassy of the United States of AmericaTamale, Ghana

Sept, 2012

Ghana: GDP/FDI Trend

2003 2004 2005 2006 2007 2008 2009 2010 20110

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

FDI GDP

Investors Attracted to Ghana

• FDI projected to top $5 billion a year over the next five years – creating 45,000 jobs yearly

• FDI: GIPC’s 2012 first quarterly update shows U.S. ranked first with $407 million

• Strong democratic potential• Strong macroeconomic fundamentals • Ease of doing business– Ahead of Brazil, India, China, Russia (BRIC)

Agriculture Needs Investment

2008 2009 2010 20110

5

10

15

20

25

30

35

40

45

agri-cultureindustry

Sector Growth

U.S. Mission Assistance

– West Africa Trade Hub – helped over 200 West African local companies export value-added products to the U.S

– USAID Ghana – supported over 500 FBOs, CBOS, trade and business associations in 2011

– MCC – Trained over 66,900 farmers and assisted over 1,700 agribusinesses and 130 rural banks as part of MCC Compact I

– Technical advisors in Ministry of Finance, Ministry of Food and Agriculture, Bank of Ghana, Ghana Revenue Authority• Improve delivery of public services/revenue collection• Strengthen financial institutions

U.S. Mission Assistance II– Commercial partnerships • American Chamber of Commerce• Corporate Council of Africa/U.S. Africa Business Conference

– Infrastructure projects through concessional lending and feasibility studies – water/sanitation, healthcare, aviation, energy

– International Buyers Program/Trade Shows– International Visitors Leadership Program– Trade Missions

• Total two way trade has more than doubled over the last three years from $754 million in 2009 to $1.93 billion in 2011

2009 2010 2011$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

U.S. Exports to Ghana

Ghana Exports to U.S.

Ghana AGOA exports to U.S.

Thou

sand

Dol

larsAGOA

Top Four Export Sectors from Ghana to the U.S.

Energy

relat

ed 2009

Energy

relat

ed 2010

Energy

relat

ed 2011

Agricu

lture 2009

Agricu

lture 2010

Agricu

lture 2011

Forestr

y 2009

Forestr

y 2010

Forestr

y 2011

Minerals 2

009

Minerals 2

010

Minerals 2

011$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000AGOA eligible Non-AGOA

Thou

sand

Dol

lars