May 15, 2024

5-day Northern Trade Industry & Investment Summit begins in Tamale

The Ghana Export Promotion Authority (GEPA) has partnered with the Centre for Policy Development (CPD), and other trade-facilitating agencies to organise the second edition of the Northern Trade Industry and Investment Summit (NTIIS).

The five-day event, which is currently underway in Tamale, aims to promote non-traditional exports from the five northern regions.

Speaking on behalf of the CEO of GEPA, Osafohene Dr. Afua Asabea Asare I, the Northern Regional Director of GEPA, Chief Seidu Saaka Bakari, reiterated the authority’s commitment to boosting non-traditional exports from the five Northern Regions.

The NTIIS, has brought together stakeholders from the trade and investment sectors to promote economic growth and development in the region.

Chief Bakari highlighted the potential of the Northern Regions, which are endowed with high-value agricultural and handicraft products.

He noted that GEPA has taken strategic action to support the development and promotion of these products for the export market.

Chief Seidu Saaka Bakari (Northern Regional Director, GEPA)

GEPA is leading the implementation of the 10-year National Export Development Strategy (NEDS), which aims to increase non-traditional exports from $3.94 billion in 2023 to $25.3 billion by 2029.

He said achieving the target requires the cooperation of all stakeholders, including SMEs, exporters, and trade-facilitating agencies.

GEPA has implemented several regional programmes and interventions to boost exports, including the Export School and the Youth in Export Programme (YiEP).

The Export School aims to increase the capacity of SMEs to produce high-quality goods that meet international standards and specifications, while YiEP provides mentorship and training for young entrepreneurs in agribusiness and crafts.

Chief Bakari encouraged SMEs in the five Northern Regions to take advantage of GEPA’s programmes and services to enhance their export capabilities.

Delivering the keynote address, the Speaker of Parliament of Ghana, Rt. Hon. Alban Sumana Bagbin, said the Parliament of Ghana is committed to improving and approving policies that empower entrepreneurs to enhance the skills of workers to attract investment into the country.

He said one of the main objectives of the NTIIS is to promote investment in sectors that have the potential to drive economic growth and create employment opportunities in the Northern part of Ghana.

He urged business owners to adopt sustainable practices, promote inclusive growth, and empower marginalised communities to ensure that the benefits of economic progress are shared equitably across the country

Rt. Hon. Alban Sumana Bagbin (Speaker of Parliament, Ghana)

Rt. Hon Bagbin also urged stakeholders to utilise the exhibition platform provided during the summit to showcase their products and services and create lasting business networks and synergies.

The summit has brought together over 500 participants, including entrepreneurs, investors, and policymakers, to discuss ways to promote economic growth and development in the region.

The event features seminars, workshops, and exhibitions, and provides a platform for stakeholders to share ideas and explore business opportunities.

GEPA’s partnership with stakeholders in the region is expected to boost non-traditional exports and contribute to the achievement of the NEDS target.

 

Meanwhile, GEPA has officially released the 2023 Annual Non-Traditional Exports Statistics Report. The document, launched in Accra, on Monday, May 6, 2024, revealed an 11.75% growth rate in NTE earnings.

Click here for the full report.

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