April 17, 2022

GEPA announces formation of sector group/committees to guide export strategy

The Ghana Export Promotion Authority (GEPA) has engaged stakeholders in the exports sector towards the formation of specific sectors groups/committees to supervise the development of key products that have been identified in the National Export Development Strategy (NEDS) to hold huge potential for boosting the country’s exports.

The specific sector groups will create a platform for knowledge sharing and experience on the priority products as well as encourage concerted efforts towards the development of the respective products.

Minister of Trade and Industry, Alan Kyerematen, in a speech read on his behalf, by the Deputy Trade Minister, Herbert Krapa indicated that the successful implementation of the NEDS will quicken the pace of the development of the exports sector and give impetus to the government’s efforts to take advantage of the huge opportunities that are offered by the African Continental Free Trade Area (AfCFTA).

“A strong collaboration between key implementing partners and all players within the non-traditional exports sector is vital in ensuring an effective implementation of the interventions for the 17 priority products identified in the NEDS,” he said.

Mr. Kyerematen said that his Ministry remains committed to playing its supervisory role to ensure that the NEDS is fully implemented and urged all stakeholders to support the initiative.

In a speech read on her behalf, Chief Executive Officer of GEPA, Dr. Afua Asabea Asare said the setting up of the sector groups and committees to serve as the fulcrum around which the strategy would be implemented, is in fulfillment of one key recommendation of the NEDS.

“It is my expectation that we will all be committed to the tasks ahead of us, so that working together, we can achieve the desired results,” she said.

The NEDS is an initiative of the Ministry of Trade and Industry and mainly implemented by GEPA to develop the potential of non-traditional exports through industrialization and intense collaboration between government and the private sector.

To ensure the successful implementation of the NEDS, the strategy document proposed a governance structure comprising an inter-ministerial oversight committee, the steering committee, the NEDS Secretariat and sector group committees to provide the needed guidance and supervision for the strategy.

Sector groups and the various committees will be based on the priority product groupings including non-agro products, trade and investment facilitation, agro-products, tech and innovation, services export, transport and logistics, finance, infrastructure and utilities, local government and creative and industrial arts.

The NEDS is a key policy enabler for ensuring that Ghanaian traders and enterprises are equipped  to compete on the gobal market and meet its 25.3 billion dollar target. The NEDS can only be implemented effectively if it has a well-defined framework that includes policy, technical, and input from both the government and the business sector. The inclusion of the NEDS Secretariat will enable Ghana to take a consistent approach to achieve the 10-year goal of increasing the Non-Traditional Exports from the current 2.8 billion dollars to 25.3 billion dollars.

 

 

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