'Ghana lauded for good performance under AGOA'

'Ghana lauded for good performance under AGOA'
Thursday, 15 February 2018 ~ Belinda Ayamgha

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:



View related news articles

'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

Africa Media Hub - telephonic press briefing with US Dep Asst Sec of State Peter Haas [incl. transcript and sound file]

EVENT: Please join us on Tuesday, August 21 at 09:00 EDT/13:00 GMT/15:00 CAT for a telephonic press conference with State Department Economic and Business Affairs Deputy Assistant Secretary of State for Trade Policy and Negotiations, Peter Haas where he will preview his travel to South Africa and Ethiopia to promote agricultural innovation, science-based regulatory policy, and increased trade.  Mr. Haas will participate as a...

20 August 2018

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 executive order under President Obama in August of 2014, “to...

07 July 2018

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, which included stops in Ethiopia, Kenya, and Côte D’Ivoire,...

06 July 2018

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 standards for the textiles and garments industry. It is determined to...

22 May 2018

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 Africa, U.S. organisations must come clear on their resources in...

02 May 2018