June 17, 2022

SECTOR COMMITTEES INAUGURATED TO DRIVE NATIONAL EXPORT DEVELOPMENT STRATEGY

Ten (10) target sector committees have been inaugurated by the Deputy Minister for Trade & Industry, Hon. Herbert Krapa to kick off the implementation work of the National Export Development Strategy.

As already outlined in the strategy, members of the committees were drawn from  private and public sector organizations to focus on the following areas:

  1. Local Government
  2. Agro Products
  3. Non-Agro Products
  4. Trade & Investment Facilitation
  5. Services Export
  6. Creative & Industrial Arts
  7. Transport & Logistics
  8. Technology & Innovation
  9. Infrastructure & Utilities
  10. Finance

Each of these committees had representatives nominated from private and public sector organizations.

Mr. Samuel Dentu, Deputy Chief Executive in charge of Operations & Finance who represented the CEO of Ghana Export Promotion Authority reiterated that the NEDS was neither a project for the Ministry of Trade and Industry nor for  GEPA, but rather a national strategy that collaborating partners assisted in formulating. It was therefore only logical that committee members are responsible for its implementation and can together take credit when success is attained.

Performing the inauguration, Hon. Herbert Krapa charged Members of the Sector Committees to build on the interdependencies of the various organizations to effectively drive the implementation of the National Export Development Strategy. “If we are going to drive the NEDS, it has to be driven by the sector groups”. He explained that the NEDS will set Ghana on the path of prosperity through industrialization and pledged his Ministry’s support in implementing the strategy. He consequently encouraged the sector committee members to consider the enormous opportunities that complemented the similarly enormous target of Usd25.3billion by 2029.

The 10-year National Export Development Strategy seeks to grow Ghana’s Non-Traditional Export sector and will employ a private-sector-driven approach. It is expected to give a significant boost to Ghana’s export volumes by growing NTEs from US$2.8 billion in 2020 to US$25.3 billion by 2029.

The Committees will be expected to provide the necessary guidance, advice, expertise and concrete implementation actions within their sectoral value chains based on the various interventions outlined in the NEDS.

Maiden meetings for the various committees are expected to kick off in the first week of July 2022 and subsequently run on agreed-on schedules.

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