Agoa.info - African Growth and Opportunity Act
TRALAC - Trade Law Centre
You are here: Home/News/Article/Ghana: Chamber of commerce lauds trade minister’s ideas

Ghana: Chamber of commerce lauds trade minister’s ideas

Ghana: Chamber of commerce lauds trade minister’s ideas
Published date:
Monday, 06 February 2017
Author:
Anita Arthur

The Ghana National Chamber of Commerce has expressed satisfaction with the Trade and Industry Minister, Alan Kyerematen, for pledging to strengthen and boost local businesses in the country.

Alan Kyerematen during his vetting process mentioned the African Growth and Opportunity Act (AGOA) as one of the organizations he would use to increase Ghana’s trade market and export revenue.

Speaking with Citi Business News, the CEO of Ghana National Chamber of Commerce, Mr. Mark Badu-Aboagye said AGOA is ready to collaborate with the Trade Ministry to ensure that Ghanaian businesses expand beyond the borders.

“He was a minister when AGOA was first implemented and he has seen the need for us as a country to improve on our performance under the AGOA,” said Mr. Aboagye.

He added, “So we are happy about it and as a chamber with what we have been doing up to this time we want to collaborate with the Trade Ministry to be able to make sure that as a country we get the necessary benefits from AGOA, so we are going to sit down with him in the coming weeks and fashion out how we are going to go about this”. Mr Aboagye made these comments on the sidelines of the 7th AGOA Technical Workshop under the theme The U.S. Customs and Regulations for AGOA Eligible Products.

The workshop was aimed at equipping participants with the requisite information to enhance their level of understanding of the U.S. Customs and Regulations as well as proper solutions to address some challenges faced by Custom Officials, exporters and agents.

Meanwhile, business owners who belong to AGOA have lauded the move by the Trade Minister.

CEO of Alfie Designs, Adwoa Asare one of the business owners that are part of AGOA also spoke of the benefits.

“This workshop has been really good and I’m really taking advantage of it I’ll be going with the West African trade hub supported by the US AID to Las Vegas for a trade show to showcase our products and hopefully get brick and mortar outlets to manufacture with us.”

 

Read related news articles

'Nigeria missing as Kenya, Ghana tap AGOA opportunities to boost foreign exchange earnings'

Africa’s biggest economy is still failing to tap the opportunities that the African Growth and Opportunity Act (AGOA) present to boost its foreign exchange, amid acute dollar shortages. The AGOA has been on for over twenty-three years as it was enacted in 2020. In 2015, the program was modernised and extended to 2025, implying that there are only about 15 months before the window closes. Some countries have taken advantage of the AGOA more...

05 February 2024

AGOA extension crucial for Ghana’s industrialisation

The Deputy Minister of Trade and Industry Nana Ama Dokua Asiamah-Adjei is supporting the push for the extension of the African Growth and Opportunity Act (AGOA) to enhance trade between Ghana and the US. A United States Trade Act enacted on 18 May 2000 as Public Law 106 of the 200th Congress, the AGOA legislation has been renewed on different occasions, most recently in 2015, when its period of validity was extended to September 2025. The...

06 November 2023

We want more Ghanaian exports in US market – trade minister

Mr. Kobina Tahir Hammond, Minister of Trade and Industry, says Ghana desires to increase its exports to the United States (US) market, arguably the most lucrative consumer market globally. He indicated that the Government had stepped up support for the private sector, both domestic and foreign, to enhance production and export capacity, particularly in the manufacturing sector, with notable opportunities for export into the U.S. market. The...

11 August 2023

Ghana trade minister calls for strategic US investment in African agribusinesses

The Trade and Industry Minister, Alan Kyerematen, has advocated for intensive investment in the agricultural sector as part of major plans to economically empower the African continent. The Minister made this pronouncement during the recent summit of US- African leaders in Washington DC. The US-Africa Leaders’ Summit was anchored on the shared values of fostering new economic engagement; reinforcing the US-Africa commitment to democracy...

20 December 2022

United States, Ghana looking at deepening trade

The United States is relying on its Development Finance Corporation (DFC) to deepen trading activities with Ghana to create more employment for the youth. The US created the DFC a few years ago to help mobilise foreign direct investments to help support projects in Africa and partner industries on the continent. “I think that is also an important programme and I absolutely agree that working together to build trade between our two nations...

22 October 2021

'Funding challenges undermine SMEs’ growth in Africa'

Analysts who spoke at a recent webinar organised by the American Business Council in Nigeria, in collaboration with US Chamber of Commerce, Amcham Ghana and Amcham South Africa on the US-Africa relations, have identified lack of adequate funding as a major challenge to the growth of Small and Medium Enterprises (SMEs) in Africa. The analysts were of the view that SMEs across Africa are faced with serious funding challenges, despite their...

30 July 2021

Ghana Apparel Training Centre launched to develop garment industry

In efforts to support Ghana’s garment manufacturing industry, the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, together with its partners – Ethical Apparel Africa (EAA), Gerber, Groz Beckert, Freudenberg and Accra Technical Training College (ATTC), have officially launched the Ghana Apparel Training & Service Centre, in Accra. The launch forms part of a public-private partnership between the German Federal...

27 November 2020

US-Ghana trade deepens as 2019 local AGOA Expo ends

The Ghana Chamber of Commerce and Industry (GNCCI) has ended its Africa Growth Opportunity Act (AGOA) trade Expo with a high-powered business to business meeting which saw over 50 African American businesses strike business deals with Ghanaian businesses partaking of the event.  President of the Chamber, Dr Nana Appiagyei Dankawoso 1 was confident “the engagement will expand business opportunities in Ghana in 2020”. “This B2B...

11 December 2019

US delegation reaffirms commitment to Ghana’s apparel manufacturing industry

The United States of America has reaffirmed its commitment to supporting Ghana’s apparel manufacturing industry. This follows a visit of a high-level U.S Congressional Delegation including its Speaker, Nancy Pelosi, to Ghana’s largest apparel manufacturer in West Africa, Dignity Do the Right Thing (DTRT) located in Adabraka, Accra. Speaking to JoyBusiness at the visit to the DTRT Factory, the Managing Director of the manufacturing firm,...

30 July 2019

Ghana Chamber to build capacity of businesses to utilise opportunities in AGOA

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...

24 October 2018

Ghana: Exports under AGOA hit US$748m in 2017

Renewed confidence in the African Growth and Opportunity Act (AGOA) has resulted in an upward trend, with the country’s trade under the programme registering a total of US$748million last year, according to the Ghana National Chamber of Commerce and Industry (GNCCI).The surge in performance reflects the collective efforts by government and other stakeholders including the chamber in strengthening the country’s exports.After reaching its...

17 September 2018

You are here: Home/News/Article/Ghana: Chamber of commerce lauds trade minister’s ideas