GNCCI to build capacity of businesses to utilise opportunities in AGOA

By
Patience Gbeze, GNA

Accra, Oct. 22, GNA – The Ghana National
Chamber of Commerce and Industry and its partners are working together to
increase Ghana’s utilisation of African Growth and Opportunity Act (AGOA).

AGOA accords sub Saharan African countries the
opportunity to export over 6,500 products on a duty-free and quota-free basis.

Over the years, Ghana had not been able to
derive much benefit from AGOA, hence the need to encourage them to form
partnerships to make strides, Nana Dr Appiagyei Dankawoso I, President of GNCCI
said.

He said this at a meeting called by the
Chamber for Producers and Exporters to encourage partnerships to penetrate the
U.S market to grow their businesses as well the economy.

Nana Dankawoso said at the just ended AGOA
Expo, which was a Trade Fair in New York, the Chamber explored a number of
opportunities to enable business access US market.

He said the Chamber also identified strategic
partners in U.S in the product areas such as shea butter and black soap, yam
and plantain, and garments.

“Particularly on garment, 800,000
hospitable scrubs will be sourced from Ghana to a Cincinnati based Standard
Textile.

“Golf shirts, shirt, pants, lab coat,
vest, apron, coverall, among others, will also be sourced from Ghana under
AGOA,” he added.

Nana Dankawoso I said they have put plans in
place to source one container a month, which would be increased as and when the
Ghanaian manufacturers were up to the speed.

The collaboration, he said, would impact
positively on the Ghanaian economy, contributing about 30 million dollars of
foreign exchange into the Ghanaian economy within five years.

It will also create employment opportunities
for 3,000 workers who will otherwise be unemployed as well as help stabilise
the cedi in relation to the U.S Dollar.

He said the collaboration will further provide
training for workers and senior management in the garment industry and will
place Ghana on the world map as a sourcing alternative to the Asian countries.

He said the Chamber was working with the Ghana
EximBank to build the technical and financial capacity of SMEs free of charge
to utilise the opportunities under AGOA.

He, therefore, urged interested exporters to
contact the Chamber for further assistance.

GNA

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