Business News of Tuesday, 14 August 2018

Source: Solomon Anderson

Ministry of Trade and Industry urges Ghanaian businesses to increase exportation of goods

Carlos Kingsley Ahenkora, Deputy Minister of Trade and Industry Carlos Kingsley Ahenkora, Deputy Minister of Trade and Industry

The Deputy Minister of Trade and Industry, Carlos Kingsley Ahenkora has urged Ghanaians to reorient their focus on the use of made in Ghana product to help the economy to thrive.

He said for Ghana to survive its economic crisis there will be the need to increase export and Ghanaians patronizing products made in Ghana to help attain a surplus balance of payment.

He made this known in a one-day exhibition organized by the Ghana Free Zones Authority.

The free zones concept has been the main key component of the country`s effort to create jobs and boost technological skills of local manufacturers.

Companies under the free zones program showcased goods and services ranging from agro-processing and manufactured end products from Ghanaian companies. The Deputy Minister of Trade and Industry, Carlos Kingsley Ahenkora advised Ghanaians to reorient their focus on the use of made in Ghana products to help the economy to thrive.

He said for Ghana to survive from its economic crisis, there will be the need to increase export.

“Our concentration on the export market is based on the fact that if we refuse to export more out of the country our balance of payment becomes problematic. Currently, we are still existing or sitting in deficits and it will be the joy of the government of Ghana to see that we have surpluses in our balance of payment. That is only possible if people of Ghana decide to wear and eat what we produce in Ghana,” he noted.

The Deputy Executive Secretary of the Free Zones Authority, Kate Abbeo said her outfit is excited about the Continental Free Trade Agreement since it would open a lot of market opportunities for companies under the free zones program.

“We are excited about the agreement and we hope the licensed free zone enterprises will make the maximum of this opportunity to expand their frontiers and market to the whole of Africa,” she stated.

The Acting Managing Director of GN Electronic, Worlali Kwabla Amevor who is one of the exhibitors said they are collaborating with institutions to train more young people to help create innovation and employment.