UK pledges support for Ghanaian companies

By Iddi
Yire, GNA

Accra, Sept. 3, GNA –
Mr Jon Benjamin, the British High Commissioner to Ghana, has said with an
interim Economic Partnership Agreement duly ratified by the Ghanaian
Parliament, Ghana will continue to enjoy duty and quota free access to the
United Kingdom (UK) market.

This, he said, could
create the much needed employment opportunities amongst Ghanaian export

Mr Benjamin said
this during the launch of the UK-Ghana Chamber of Commerce (UKGCC) in Accra.

He said the UKGCC
would promote, foster, and represent UK business interest in Ghana; directly
helping UK companies to identify market opportunities and providing them with a
first point of call when looking to do business in and trade with Ghana.

Mr Benjamin said
this would also be another avenue for UK exporters to access high quality
market support.

“It will
represent the interests of UK investors looking to bring investments to Ghana
and provide tailored support to existing UK investors,” he stated.

He said the Chamber
would also support Ghanaian companies who want to connect with the UK to help
their companies grow.

He said as the
Chamber develops, it would be able to provide services to help Ghanaian
companies who want to export to, and invest in, the UK.

Mr Benjamin said it
is important to recognize that UK companies have a huge choice as to where they
trade and invest worldwide, as such; they were naturally driven by hard
business calculations, not sentiments.

He said, however,
market conditions and sound economic management in Ghana would be a key
consideration for those companies; they were encouraging to become involved

The High
Commissioner said in that respect, they have noted the continued progress the
Government of Ghana has made in tackling various macroeconomic challenges in
line with its programme with the International Monetary Fund.

He said such
progress was essential to boost investor confidence and growth, along with
action to tackle other potential barriers to business, such as the regulatory
environment, including licensing rules, customs procedures and land
registration issues.

Mr Benjamin said
they were happy to be making a major investment through its Department for
International Development to promote some of Ghana’s most promising start-ups
with the best potential for creating jobs for young Ghanaians, and to build up
a more structured public-private dialogue.

He said it was also
aimed at further improving the overall business environment; adding that as an
example of that support, their Business Enabling Environment Programme would be
hosting a Better Regulation Forum in Accra later this month.

Ms Hannah Tetteh,
Minister for Foreign Affairs and Regional Integration, tasked UKGCC to
establish a common platform where both countries could promote trade in all
products that could penetrate through the UK market from Ghana and vice versa.

She said Ghana is
the fifth largest trading partner of the UK in Sub- Saharan Africa and are both
members of the Commonwealth; which implies they have shared values within the
greater frame of the Commonwealth.

The Foreign Minister
said it was important to make use of this relationship to be able to set a
framework that does not only creates a platform for increased business between
Ghana and the UK, but Ghana, UK and other Commonwealth countries.

In his remarks, Mr
Tony Burkson, Chief Executive Officer for UKGCC, expressed gratitude to his
colleagues at the British High Commission and particularly the Department for
International Trade who have been supportive and helpful during the process of
setting up the Chamber.

He said the Chamber
currently has a membership of 20 companies and was hopeful of seeing more
companies would be joining with time.

He said in the
coming weeks, UKGCC would be organizing investment tours from the UK, breakfast
meetings with business leaders and networking events.


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