Ghana contributes $211,118 to WTO’s 2023 budget
Ghana contributed an amount of 189,635 swiss franc ($211,118) to the 2023 budget of the World Trade Organization (WTO).
Ghana’s contribution the world’s trade regulatory body, made it the sixth African country with the highest contribution to the WTO.
South Africa, Nigeria and Egypt were the top three African countries with the highest contributions to the 2023 budget of the WTO.
The three countries contributed 856,290 swiss franc ($953,397), 523,940 swiss franc ($583,357) and 502,435 swiss franc ($559,453) respectively.
|Rank||Country||Contribution in CHF|
|8.||Democratic Republic of the Congo||125,120|
The World Trade Organization (WTO) is an intergovernmental body responsible for regulating and facilitating international commerce.
It is an organisation that is crucial in regulating global trade and ensuring that it operates fairly and predictably.
Established in 1995, the WTO provides a platform for member countries to negotiate trade agreements, resolve trade disputes, and promote a rules-based international trading system. To carry out its functions effectively, the WTO requires financial resources.
The WTO is funded annually by contributions from its 164 members. As for the procedure that follows, this is typically under the jurisdiction of the organisation’s committee on Budget, Finance, and Administration.