TRALAC - Trade Law Centre

'Ghana lauded for good performance under AGOA'

Thursday, 15 February 2018 Published: | Belinda Ayamgha

Source: Ghana News Agency

Ghana has been lauded for its performance under African Growth and Opportunities Act (AGOA); more than doubling its exports to the United States to about $300 million between 2016 and 2017, reflecting a general growth of African exports to the US under AGOA. 

Mr. Harry Sullivan, Acting Director for Economic and Regional Affairs of the Bureau of African Affairs, said African non-oil exports to the US under AGOA had grown from 1.3 billion in 2001, the year that the legislation was passed, to 4.2 billion in 2016, with the trend continuing to be positive since then. 

He was addressing a press conference via telephone from Washington on AGOA and the US Government’s Economic Policy for Africa.

“We also saw another encouraging trend, which was that additional countries are taking more advantage of AGOA, so between 2016 and 2017, Ghana saw its exports to the United States more than double, with exports under AGOA quadrupling to more than $300 million,” he stated.

Mr Sullivan said Ghana could build on its good performance under the programme so far, by focusing more on value addition to its exports, especially agricultural exports like cocoa and Shea Butter and exporting them to the US.

“…Everybody knows, you provide a huge portion of cocoa to the world, so if you could do some first-class processing in Ghana, that would add value to your economy,” he said. 

“Shea butter, I believe, is also present in northern Africa,” he said, and urged Ghana to look at those kinds of agricultural products as well as light industry.

He noted that Ghana was a success story in Africa and could build on those attributes by moving from a market entrepreneurship to larger scale industries. 

“…And that can happen perhaps through cooperatives,” he advised.

He, however, urged Ghanaians and other Africans to link up with potential purchasers in the United States. 

He added that although the American market had huge benefits, there was the need to produce to the quality and quantity necessitated, and sometimes cooperatives could provide a mechanism for pooling resources in order to reach the required quantities.

Statistics on US-Africa Trade through 2017 showed that total U.S. trade with sub-Saharan Africa rose 16.8%: $33 billion in 2016, to $38.5 billion in 2017. 

U.S. exports to Africa also increased by four per cent to 13.1 billion, while African exports to the United States rose by more than 24 per cent to more than 24 billion. 

“Increased oil exports did account for a large share of this increase, but we also saw some encouraging signs of diversification,” he said. African exports of agricultural products to the United States rose by 10% to 2.7 billion in 2017.

 

Listen to the media briefing below:

 

 

Related News

US steps up its game in Africa, a continent open for business

US steps up its game in Africa, a continent open for business

“The U.S. needs to step up its game in Africa,” said U.S. Secretary of Commerce Wilbur Ross in Accra, Ghana, Thursday in an expected and welcome assessment.  The secretary was in Ghana to close out the four-country mission of the President’s Advisory Council on Doing Business in Africa (PAC-DBIA), originally established by...

07 July, 2018
US Secretary of Commerce Wilbur Ross, announces $1 billion in deals during Africa mission

US Secretary of Commerce Wilbur Ross, announces $1 billion in deals during Africa mission

U.S. Secretary of Commerce Wilbur Ross and a delegation from the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) announced over $1 billion in private-sector deals during their mission to four sub-Saharan nations. PAC-DBIA members expect to quickly conclude more than $2 billion in additional deals in the coming days.   The four-nation visit,...

06 July, 2018
Ghana: Textile and garments committee inaugurated

Ghana: Textile and garments committee inaugurated

The reconstituted National Technical Committee for Textiles  and Garments was on Friday inaugurated to ensure that Ghana meets the requirements for the production of textiles and garments for the local and the international markets. The committee, which has been expanded in size from 12 experts to 22, would be responsible for the development and implementation of...

22 May, 2018
Position yourselves to take advantage of opportunities under AGOA - Ghana Minister

Position yourselves to take advantage of opportunities under AGOA - Ghana Minister

Minister of Trade and Industry, Alan Kyerematen has appealed for an effective coordination between U.S. development agencies and organizations with regards to what they are willing to offer for the growth and implementation of the African Growth and Opportunity Act (AGOA). According to him, although AGOA seeks to expand trade investment between the U.S.A. and sub-Saharan...

02 May, 2018
Ghana taking greater advantage of AGOA — Ambassador Robert Jackson

Ghana taking greater advantage of AGOA — Ambassador Robert Jackson

Ghana is taking greater advantage of the African Growth and Opportunity Act (AGOA), the outgoing American Ambassador to Ghana, Mr Robert Jackson, has said. “Ghanaian non-oil exports to the United States (US) doubled in 2017. We saw continued growth in apparel, as well as new products such as frozen orange juice and dried mango. Ghana’s apparel exports increased from...

20 March, 2018