
Audio By Carbonatix
While the global spice market is projected to exceed over $10 billion by 2019, Ghana cannot play an active role in this business venture because 90 per cent of spices found in the country is imported.
At the Nima market which has about 50 per cent of items being spices, the brisk spice business is however associated with the high foreign exchange, which affects the businesses of these traders.
The Nima market houses the biggest spice market in Ghana on Wednesdays. On Mondays and Tuesday, the streets of Nima are choked with heavy trucks of goods mostly spices ready for business.
Majority of these trucks are from other African countries.
Spices are dried parts of plants that usually have strong and special smells which comes from different parts of a plant like the seeds, fruit, roots, bark and stems.
Despite the challenges these traders face to import spices from other countries, the spice business here in Ghana seems to be lucrative.
A spice trader, Nimatu Ali said the business in Ghana is lucrative but complained of high import duty.
“We have difficulty importing our products here in Ghana. The duty is high and the exchange rate makes it worse,” she lamented.
The common spices found at the Nima market are bay leaves, ani star, rosemary, negro pepper and cloves. Others are garlic, ginger, nutmeg, coriander among other spices and all these spices are imported from other countries.
Unlike the market women who heavily depend on foreign spices to ply their trade, the country indeed grows spices and even exports them.
Esther Asante is the owner of Organic trade and investment. Her online company exports indigenous Ghanaian products including spices.
According to her, the Ghanaian spice farms are organic hence the inability for Ghanaians to even appreciate their own products.
“My company has taken upon ourselves to promote indigenous products which are organic and also to thank our farmers who are doing a great job”, she added.
She, however, lamented about the difficulty in exporting her products to other countries and therefore called on the government to make the export duty of their products cheaper and easier.
For years, Africa has been an important player in the global spice trade. Currently, the African continent produces less than 10 per cent of the spices produced worldwide.
According to the Food and Agriculture Organisation (FOA), some of the leading producers of spices in Africa are Nigeria, Madagascar, Tanzania, Uganda, Kenya and Ghana.
Although the soil and climate in many parts of Africa are favourable to growing spices, the continent is yet to fully exploit this huge business potential.
Watch a full report below:
Latest Stories
-
A response to Prof Kwaku Asare’s defence of “useless” degrees
7 minutes -
When mentorship becomes bullying: The hidden abuse of power in academia
8 minutes -
Mahama pledges to make Upper West a hub for academic excellence in Northern Ghana
11 minutes -
Mr Oduro releases ‘Gishiri’ to raise awareness about excessive salt consumption
14 minutes -
CSA warns of rise in online hookup blackmail, urges public to report cyber extortion
17 minutes -
Government identifies 50 locations for Farmers Service Centres nationwide – Mahama
18 minutes -
Support Leadership, Not Division: Why Kurt E.S. Okraku deserves our backing
19 minutes -
Ghana football deserves better: A reckoning after the 2026 World Cup
23 minutes -
Governance should be measured by completed projects, not promises – Mahama
26 minutes -
Government begins procurement process for new Wa Airport – Mahama
27 minutes -
Mahama proposes greater role for chiefs in monitoring district development projects
30 minutes -
Upper West has strategic potential; government will support its growth – Mahama
32 minutes -
Financial sector fraud cases surge to nearly 25,000, exceeds GH¢100 million in value at risk
32 minutes -
Government to transform Upper West into commercial and logistics hub – Mahama
32 minutes -
Police clamp down on unauthorised sirens and other traffic violations in Kumasi
37 minutes