April 9, 2019

Ghana Export Promotion Authority (GEPA) to Host Trade for Sustainability (T4SD) Hub in Ghana

Launch of the T4SD Hub in Ghana – Hon Carlos Ahenkorah delivering the keynote address

The Ghana Export Promotion Authority (GEPA) has signed an MOU with the International Trade Centre (ITC) for the hosting of the Trade for Sustainability (T4SD) Hub in Ghana, at an event organised jointly by the two organizations in Accra and attended by over one hundred MSMEs.

T4SD Hubs offer the needed technical assistance for SMEs to build the capacity and knowledge to implement green business practices through its services focusing on key aspects such as sustainability standards, climate resilience and resource efficiency.

GEPA will receive comprehensive support from ITC in 2019-2020 and will incorporate the T4SD services within its regular portfolio of services. Ghana was selected as one of the 6 countries and GEPA won the right to host the Hub after rigorous selection process.

                       CEO of GEPA A.A. Asabea

Welcoming the participants, the CEO of GEPA, Afua Asabea Asare impressed on the MSMEs to incorporate sustainability practices in their operations if they want to carve a strategic niche for themselves in the global market place, especially in the EU and North America. She intimated that there is a huge global demand for global value chains to adopt green practices.

“The issue of sustainable trade has become a prime subject in global value chains so much so that any TPO or a Government that relegates it to the background does so at the peril of their exporters and other players in the international trade ecosystem. It has become even more critical given the alarming surge in world population and the attendant environmental ramifications brought about by poor agricultural, manufacturing and heavy industrial practices”, the CEO of GEPA stressed.

In his keynote address, the Deputy Minister of Trade and Industry, Hon. Carlos Ahenkorah who doubled as the Chair of the event, echoed the issues raised by the CEO of GEPA. He emphasized that he was confident that if SMEs adopt and abide by acceptable sustainable practices, they will gain access to profitable markets which will help to augment the  foreign exchange resources of Ghana.

  Vanessa Erogbogbo

The Chief of Sustainable and Inclusive value chains at the International Trade Center Vanessa Erogbogbo, who signed the Memorandum of Understanding for the establishment of the T4SD Hub on behalf of the ITC categorically stated that businesses that fail to incorporate green strategies will not survive the competition in the long term.

About the Trade for Sustainable Development (T4SD) project

Trade for Sustainable Development (T4SD) is a partnership-based programme which helps businesses, regardless of their position in the value chain, chart their path to more sustainable trade by better understanding the sustainability initiatives landscape and to connect with business partners.

T4SD will serve as a coaching program aimed at strengthening the implementation of sustainable business practices of SMEs.

The objective of the Ghana hub is to assist export-ready small and medium sized enterprises ease their participation in sustainable global value chains by better understanding and implementing sustainable trade issues such as climate change adaptation, resource efficiency, circular economy, green finance, market access, and voluntary sustainability standards.

Similar launch will also be performed in Kumasi on Wednesday 10th April.

 

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