Fidelity Bank Holds Export Seminar
Anthony Bennin (3rd from left) and Gideon Quarcoo(middle) flanked by exporters at the Summit
Fidelity Bank Ghana Limited, in collaboration with the Ghana Export Promotion Authority (GEPA), has organized an export seminar for exporters in the Ashanti and Brong Ahafo regions to sensitize them on their rights and responsibilities.
The Export Summit was a follow up to the Graphic-Fidelity Breakfast Meeting held recently on the theme, ‘Maximizing the Value of Exports to Improve Ghana’s Trade Balance.’
Anthony Benin, Director of Corporate Banking for Local and Multinational Corporate at Fidelity Bank, said the bank was committed to providing platform for exporters in the regions to catalogue challenges in the sector for redress.
‘This summit is expected to build your capacity to enable you identify the right financial products to support and grow your businesses. It further seeks to draw awareness and educate exporters on the new banking regulations from the Bank of Ghana (BoG) and also its impact on your business,’ he said.
The Chief Executive of the Ghana Export Promotion Authority, Gideon Quarcoo, urged exporters to adhere to standards and quality principles to ensure that products meet international requirements.
He was also unhappy with the manner in which the country spends huge sums to import basic goods like rice, fish, chicken and toothpick, which could easily be produced internally.
He called for attitudinal change towards ‘Made in Ghana goods’ and encouraged Ghanaians to support the initiative to promote locally-produced goods to reduce imports and rather increase export to achieve trade balance.
Mr. Quarcoo said that the total revenue from Non-Traditional Export (NTE) in 2013 stood at US$2.436 billion, adding that for Ghana to achieve an increase in NTE revenues to US$ 5billion by 2017, which is the goal of the National Export strategy, there must be concerted efforts from all stakeholders.
The participants were also introduced to the Fidelity Export Bonus Account, which has been specifically designed to reduce transactional costs for exporters.
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Caption: Anthony Bennin (3rd from Left), Director, Corporate Banking, Fidelity Bank and Mr. Gideon Quarcoo, (Middle) CEO, Ghana. Export Promotion Authority, flanked by exporters at the Summit.
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