{"id":184162,"date":"2024-05-29T23:32:45","date_gmt":"2024-05-29T23:32:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/29\/patronise-local-businesses-to-boost-economy-trade-minister\/"},"modified":"2024-05-29T23:32:45","modified_gmt":"2024-05-29T23:32:45","slug":"patronise-local-businesses-to-boost-economy-trade-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/29\/patronise-local-businesses-to-boost-economy-trade-minister\/","title":{"rendered":"Patronise Local Businesses To Boost Economy &#8211; Trade Minister"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>K T Hammond (2nd L) Mavis Nkansah Boadu (M) with other officials opening the <\/strong><strong>fair<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Ghanaians have been urged to patronise made-in-Ghana products given its distinct quality in recent times in order to boost the local economy.<\/p>\n<p>Minister of Trade and Industry, K. T Hammond who made the call at the 3<sup>rd<\/sup>\u00a0 made-in-Ghana Bazaar in Accra yesterday said the patronage does not only\u00a0 satisfy the needs of consumers but also goes a long way to strengthen other productive sectors of the economy.<\/p>\n<p>\u201cEvery purchase made here today helps to sustain livelihoods and promote productivity and sustainability in our communities.<\/p>\n<p>\u201cBy supporting your local businesses and artisans, you are not only satisfying your needs but you are also investing in the local economy,\u201d he said.<\/p>\n<p>He noted that the NPP government, under the leadership of President Akufo-Addo, has embarked on several initiatives aimed at supporting local businesses.<\/p>\n<p>The Minister stated that such initiatives have also helped to boost production in the industrial sector and expanded market access especially in sectors linked to the processing of local raw materials.<\/p>\n<p>Among these initiatives, he mentioned, include the One District, One Factory (1D1F) initiative which is a fitting example of how the government can stimulate private sector investment in expanding manufacturing and job creation across several districts in the country.<\/p>\n<p>He mentioned that the government has also made strides in attracting foreign and domestic investment into new strategic industries in 11 major vehicle brands citing examples of Volkswagen Toyota, Suzuki and Nissan among others.<\/p>\n<p>He further commended the private sector for keeping faith and responding positively to the NPP government\u2019s bold vision of industrial transformation.<\/p>\n<p>\u201cIt is your investment and entrepreneurial resilience that has made it possible to come this far and sustained progress despite the difficult hurdle of the COVID-19 pandemic\u201d he added.<\/p>\n<p>Deputy Minister of Foreign Affairs and Regional Integration, Mavis Nkansah Boadu, said the potential of strategic economic diplomacy has become so evident today that States are increasing collaboration between non-State actors thereby increasing their importance to World Trade Organisation (WTO) issues.<\/p>\n<p>She said the Ministry has been executing its economic diplomacy agenda together with its diplomatic Missions abroad and partner institutions by assisting Ghanaian businesses to have access to foreign markets for their goods and services.<\/p>\n<p>The Deputy Minister therefore indicated that the Bazaar would therefore facilitate the penetration of Ghanaian products and services into foreign markets through the network of Ghana\u2019s Missions abroad and Diplomatic Missions accredited to Ghana.<\/p>\n<p>That, she said, would invariably support the growth of SMEs and provide them with the needed impetus to expand their reach into markets including the African Continental Free Trade Area (AfCFTA).<\/p>\n<p><strong><u>Bazaar<\/u><\/strong><\/p>\n<p>Made-in-Ghana\u2019 Bazaar is a flagship programme of the Ministry of Foreign Affairs and Regional Integration launched in 2018 following the government\u2019s decision to re-establish the Economic, Trade and Investment Bureau of the Ministry in 2017.<\/p>\n<p>The 3-Day event under the theme, \u201cPromoting Made-In Ghana Goods and Services for Economic Prosperity\u201d brought together over 150 exhibitors and expected to attract over 2000 visitors.<\/p>\n<p>Some of the products being exhibited at the event which ends on Saturday May 25, 2024 include food and ingredients, beverage products skin and beauty care products, textiles, garments, leather wares footwear, slippers among several others.<\/p>\n<p><strong>By Ebenezer K. Amponsah<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>K T Hammond (2nd L) Mavis Nkansah Boadu (M) with other officials opening the fair \u00a0 Ghanaians have been urged to patronise made-in-Ghana products given its distinct quality in recent times in order to boost the local economy. Minister of Trade and Industry, K. T Hammond who made the call at the 3rd\u00a0 made-in-Ghana Bazaar [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":184163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184162","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Patronise Local Businesses To Boost Economy - Trade Minister - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/29\/patronise-local-businesses-to-boost-economy-trade-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Patronise Local Businesses To Boost Economy - Trade Minister - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"K T Hammond (2nd L) Mavis Nkansah Boadu (M) with other officials opening the fair \u00a0 Ghanaians have been urged to patronise made-in-Ghana products given its distinct quality in recent times in order to boost the local economy. 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