Business News of Sunday, 15 December 2019
Source: classfmonline.com
2019-12-15
Dr Nana Apiagyei Dankawusu is President of the Ghana Chamber of Commerce and Industries
The Ghana Chamber of Commerce and Industries is projecting positive times next year as more investors, particularly American’s, explore business opportunities in Ghana.
According to its President, Dr Nana Apiagyei Dankawusu, American investors are convinced that Ghana, indeed, has become the gateway to Africa because she hosts the headquarters of the Africa Continental Free Trade coupled with the improvement in the ease of doing business in Ghana.
Speaking to Class Business at the end of the Africa Growth Opportunities Act (AGOA) Trade Expo in the USA, Dr Nana Apiagyei Dankawusu said: “2020 is going to be an amazing year; seriously, the Americans have now been convinced that Ghana has now become the gateway to Africa, especially with the Continental Free Trade which is being hosted and also the enabling environment in the ease of doing business in Ghana.”
The AGOA Trade Expo saw over 50 Africa-American businesses seal deals with their Ghanaian counterparts.
The President of the Ghana Chamber of Commerce and Industries said the engagement will expand business opportunities in 2020.
The African Growth and Opportunity Act (AGOA) is a non-reciprocal trade preference programme that provides duty-free and quota-free treatment for exports of over 6,400 products into the US market from eligible sub-Saharan African countries.
The goal is to encourage export-led growth, economic development and improve U.S. economic relations with Africa. Since its enactment on 18 May 2000 by President George Bush, the Act has gone through many amendments to enable AGOA beneficiaries take advantage of it.
Last year, US$748 million was registered from AGOA proceeds.
