Ghana is one of Malaysia’s biggest trading partners, with the total trade between the two countries registering US$337million in 2016.
Recent reports, show significant growth of Malaysian palm oil imports into Ghana.
Available data shows that in just the first three quarters of 2017, Ghana imported 213,000 tonnes of palm oil from Malaysia, valued at US$149.1million and representing more than 70 percent of total imports of the commodity within the period.
To consolidate these gains, the Malaysian Palm Oil Council (MPOC), an organisation that promotes the market expansion of Malaysian palm oil and its products, says it sees the Ghanaian market as a growing one and is targeting even more exports.
Speaking at the maiden Malaysia-Ghana Palm Oil Trade Fair and Seminar in Accra, the Chairman of MPOC, Dato Lee Yeow Chor stated that since statistics predict that Ghana is poised to grow in palm oil consumption, “Malaysia is interested in partnering with Ghana to actualize its palm oil export potential.”