Ghana has carved a niche for itself as one of Africa’s retail powerhouses, achieving the impressive ranking of fourth in the 2023 Global Retail Development Index from eighth position in 2021. This remarkable achievement, coupled with recent economic growth figures and substantial import values in key sectors, underscores the upcoming Global Sourcing Accra 2024 event’s significance – set to transform the landscape of international trade and further reiterate how instrumental the retail market is to the country’s economic development.
Global Sourcing Accra 2024 is scheduled to be held at the Accra International Conference Centre from Tuesday 30th – Thursday 1st February 2024, and is a trade event that will further open up channels of trade and investment between Ghanaian companies and international suppliers and manufacturers. This exclusive event promises to be a pivotal moment in the realm of international trade, fostering connections, innovation and progress.
Ghana’s growing economy recorded a remarkable growth rate of 6.6% in the third quarter of 2023, showcasing its potential as a thriving marketplace. Beyond these, Ghana has also established itself as a significant hub for apparel manufacturing and exports in West Africa. With a skilled workforce, strategic location and a growing economy, Ghana has become a magnet for businesses in the fashion and textile sector. Its clothing and textile exports are renowned for their quality and craftsmanship, serving both regional and international markets.
Speaking on the Exhibition, Bunmi Aliyu, Managing Director-International Trade Exhibition & Conference Group Ltd. Said: “As the seminal producer of global sourcing events in Africa, we are committed to innovation and the long-term future of the event portfolio in Africa. The shows’ premise is to bring companies together for commerce, connection and education – and the appetite for all these elements is stronger than ever before,” she said.
Global Sourcing Accra is designed to provide a strategic gateway for businesses and exporters into thriving African markets, with a specific focus on the flourishing Ghanaian market. With the Ghana retail sector experiencing an impressive annual growth rate of 14.6%, demand for a wide range of products is on the rise. This demand comes from a variety of sources: including online and department retailers, independent and informal retail businesses, importers, distributors and contract buyers from the rapidly expanding retail and hospitality sectors.
Bruce Yaw Addo, Director of Infusion Africa Ghana, also shared his insights on the event. He emphasised the event’s strategic significance, stating: “Global Sourcing Accra 2024 presents an unparalleled opportunity for businesses in Ghana to expand their horizons and tap into global markets. The event aligns perfectly with our vision to unlock export opportunities and further strengthen Ghana’s position in the international trade arena”.
The portfolio of trade events provides a reliable forum for businesses to connect on an international scale – and in a dynamic trade show environment rich with sourcing opportunities and potential production and export partners, as well as education and industry insights.
