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Ghana has experienced a sudden economic downturn, a product of internal miscalculations and external shocks. Once ranked among the fastest growing economies in the world, Ghana has lost the steam that made it a shining example of a well-managed economy in Sub-Saharan Africa, and now finds itself in economic turmoil.
Ghana is a net importer of rice and wheat. Post forecasts rice exports to Ghana in MY 2014/2015 to reach 600,000 MT.
Along with other ECOWAS countries, Ghana has committed to a region-wide system of the common external tariffs (CET) to be implemented in January 2015.
The President of the Republic of Ghana signed the Ghana Biosafety Act, 2011 (Act 831) December 2011 following the passage of the Biosafety Bill by the Ghanaian Parliament, in June 21, 2011.