Exporting is the outflow of goods and services from one country, and its sale to another. It is important for all countries, particularly developing countries, as it brings in vital foreign exchange needed for development and payment of goods and services. The greater the inflow of earnings, the better the balance of payment position and consequently the faster the rate of development.
Products that can be exported are classified as either Traditional or Non-Traditional.Traditional exports are Cocoa beans, Timber, Minerals and Electricity. All other products are classified as Non-Traditional exports. For ease of reference the products have been grouped as Agricultural, Processed and Semi-Processed and Handicrafts.
Register your business at the Registrar Generals Department. Your business may be a limited liability, public limited liability, sole proprietorship, a partnership or co-operative. Open a bank account at a bank of your choice.
The GEPA registers exporters to enable us have a profile on the companies. Registration forms can be obtained from its head office or any of its zonal offices in Kumasi, Takoradi, Tamale, Bolgatanga and Ho. The registration and renewals attract a fee. Click here to register
A transaction of a secured order should contain the essential facts about the desired merchandise.
Exporters must check the background of the buyer or importer. GEPA could assist in checking on the background of the buyer.
The exporter should obtain:
CEPS
Commercial Banks
Letter of Undertaking
60 Days Credit
Bilateral Account
External Accounts
Cash
Cheque
Mail Transfer
Electronic Transfer
A confirmed irrevocable Letter of Credit:
Bills of Collection
All Non-Traditional exports are free from taxation and should be covered by the Ghana Export Form.
