• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

Fresh study unlocks Burkina-Ghana trade opportunities

Simon Osuji by Simon Osuji
May 20, 2025
in Finance
0
Fresh study unlocks Burkina-Ghana trade opportunities
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

  • Burkina-Ghana border post suffers from poor management, weak agency coordination, and widespread non-compliance.
  • Burkina Faso’s exit from ECOWAS continues to negatively impact future trade policies, border protocols, and regional cooperation. 
  • For decades, Burkina Faso has depended good relations with Ghana to access the sea, so it can ship its minerals and cotton to overseas markets.

A new study has unveiled a number of reforms to rev up opportunities that cross-border investors eyeing Burkina-Ghana trade corridor can bank on to grow. For years, landlocked Burkina Faso has depended establishing good relations with Ghana in order to access the sea, so it can ship its minerals and cotton to overseas markets.

However, red tape has always hampered the movement of goods, and labour along the border. The situation worsened even further with the start of insurgency in Burkina Fase about a decade ago. Ever since, traders – especially women – have to brave constant hijackings and theft, paralyzing business.

To improve safety and operations at the Paga-Dakola border, the International Trade Centre (ITC) and its partners spent 18 months studying the vital cross-border crossing, and a series of meetings has endorsed a suite of reforms that are poised to revive business in this vital corridor.

Traffic at the Paga-Dakola Ghana-Burkina border

Official data shows that Traffic at the Paga-Dakola border has soared as traders continue to reroute shipments away from insurgent-held regions. Yet, the border suffers from poor management, weak agency coordination, and widespread non-compliance, ITC explained in an update.

Inside Burkina Faso, traders use convoys for safety, but Ghana has no such system in place. Years of crisis have forced some banks to close in Burkina Faso, making the provision of crucial financial services even more difficult to access for entrepreneurs.

“Security is a major concern here,” said a female livestock trader in the study. “If we cannot guarantee the safety of our goods and the traders, then all the efforts to streamline the border processes will be in vain.”

From October 2023 to March 2025 researchers conducted field visits, interviews, and consultations. Their report recommended 78 specific reforms to improve border processes, upgrade infrastructure, digitalize systems, and better support women traders.

ITC, through the ECOWAS Agricultural Trade Programme (EAT), partnered with the ECOWAS Commission, German development agency GIZ, and national authorities to conduct the study.

The survey took place amid major changes in the region. In recent years, Burkina Faso has withdrawn from the Economic Community of West Africa States (ECOWAS), to form a new alliance with neighbours Mali and Niger, which have also found themselves in a leadership crisis. For member states of the ECOWAS bloc, the trio’s partnership continues to raise concerns about future trade policies, border protocols, and regional cooperation. However, businesses remain committed to strengthening cross-border trade.

On 3 March 2025, the Ghana Shippers Authority and ITC gathered more than 20 experts to review the study. ECOWAS officials, policymakers, customs officials, business leaders, and development partners took part.

They lauded the success of Burkina Faso’s Trade Portal (BurkTP), an online platform that gives step-by-step instructions on how to export and import into the mineral-rich country. Ghana was encouraged to set up a similar system, with support for transport services and with information in more languages.

Read also: AfDB, Ecowas sign $11.78m pact drive commercial rice production

Virtual Linkage System for Import and Export Operations could aid Burkina-Ghana trade

The Virtual Linkage System for Import and Export Operations (SYLVIE) has improved customs processes in Burkina Faso and is billed to to add flexibility to make corrections and to add costs that affect agrifood products.

A regional consultation in Accra on 6 and 7 March 2025 prioritized 18 of the study’s 78 recommendations. Key priorities include better agency coordination, digital tools, corridor security, and support for traders—especially women.

Going forward, targeted reforms in security, management, and access to trade information could make Paga-Dakola a more efficient, transparent, and inclusive trade hub that can withstand the region’s changes.





Source link

Related posts

Southern African FinTech Changes The Game in Financial Reconciliation

Southern African FinTech Changes The Game in Financial Reconciliation

February 3, 2026
Transaction Junction Tackles Reconciliation Risk as African Retail Payments Grow More Complex

Transaction Junction Tackles Reconciliation Risk as African Retail Payments Grow More Complex

February 3, 2026
Previous Post

Message to Sierra Leone (64th Independence Day)

Next Post

Minister Ronald Lamola attends Fourth Joint Cooperation Commission between South Africa and the Netherlands

Next Post
Minister Ronald Lamola attends Fourth Joint Cooperation Commission between South Africa and the Netherlands

Minister Ronald Lamola attends Fourth Joint Cooperation Commission between South Africa and the Netherlands

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Motshekga pledges support for military veterans

Motshekga pledges support for military veterans

2 years ago
Jaza Basi Twende Success Gardens Phase 2-Optiven

Jaza Basi Twende Success Gardens Phase 2-Optiven

3 years ago
Broad skillsets pave road to labour success in agriculture

Broad skillsets pave road to labour success in agriculture

4 weeks ago
Can SA remove itself from the dreaded grey list by early 2025?

Can SA remove itself from the dreaded grey list by early 2025?

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.