Ghanaian businesses must be abreast of global trade policies

By
Stephen Asante, GNA

Kumasi, Aug 26, GNA – Ghanaian businesses have
been asked to make deliberate effort to become more abreast of global trade
policies to take advantage of them to grow.

Mr. Fredrick Alipui, Policy Advisor to the
Trade and Industry Ministry, said they should be conversant with the Economic
Partnership Agreement (EPA), African Growth and Opportunity Act (AGOA),
Economic Community of West Africa States (ECOWAS) Trade Liberalization Scheme
and the ECOWAS External Tariff and their relevance to trade.

He was speaking at a day’s stakeholders’
meeting held in Kumasi to build the capacity of the local industries to explore
opportunities to expand their operations.

The programme was organized by the Ghana
Chamber of Commerce and Industry (GCCI) and was part of its “Business network
session”, a project designed to bring efficiency into the business value chain.

It was held under the theme “Promoting Ghana’s
domestic trade and industry for the ECOWAS market”.

Mr. Alipui, who is also the Greater Accra
Regional Chairman of the Chamber, underlined the need for the local businesses
to adopt best practices and said that was vital to penetrate the international
market.

He said, it was refreshing, the considerable
improvement of the economic performance of the continent over the past 15 years
and said the momentum should be sustained.

A recent Africa competitiveness report of the
World Economic Forum, said Africa’s economic performance had improved.

After two decades of negative per capita
growth, the Gross Domestic Product (GDP) growth, has averaged five per cent per
year.

Mr. Alipui, however indicated that, despite
the significant achievement, the region’s participation in the global trade and
investment flows remained relatively low compared with other continents.

It was to help change the trend that GCCI was
increasing its engagement with members to expose them to the dynamics of the
global trade for their own benefit.

Nana Appiagyei Dankawoso, President of the
Chamber, said the National Export Development Programme developed by MoTI was
meant to empower the local industries – for a vibrant private sector.

The goal, he said, was to turn the nation into
an export-driven economy, delivering high levels of productivity and decent
jobs on a scale significant to achieving equitable socio-economic development.

Nana Dankawoso appealed to the government to
make private sector growth an urgent priority.

GNA

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