September 29, 2017

TRADE MINISTER CHARGES GEPA TO CREATE VISIBILITY TO INCREASE NTES

The Minister of Trade and Industry, Mr. Alan Kerementen has charged the Ghana Export Promotion Authority (GEPA) to work diligently to heighten public awareness of its mandate to create the needed publicity to entice businesses to venture into exports, especially the youth” as “People know little about GEPA and what it does” He said this when he inaugurated a new governing Board for the Ghana Export Promotion Authority (GEPA).

 ENSURE RIGHT STANDARDS AND CERTIFICATION

The Minister added that GEPA must look at standardization and certification of export companies to ensure that only qualified and licensed businesses are allowed to export.

ADD VALUE TO OUR EXPORTS

Hon Alan Kyeremanten further pointed out that the country’s over reliance on unprocessed gold, which has accounted for over 85 percent of the country’s export revenue should not be the rule; there must be conscious efforts to add value to our export products. “The agenda is not to abandon our traditional exports but we must focus more on our non-traditional exports with added value” he said.

RESOURCING GEPA

The Chairman of the Board Mr. Sandy Osei-Agyeman took the opportunity to pledge that GEPA will undertake strategic measures to ensure consistent increase earnings from the Non-traditional Export Sector. He said that some of the measures would include resourcing the Authority to take responsibility of managing, coordinating and guiding policies to grow exports by educating businesses on the production requirements and diversifying into other markets like the US Markets.

INCREASED PRODUCTION

On education and awareness, Mr. Osei- Agyeman said that “We must go back to educate exporters and work with the farmers and put emphasis on production. That will ensure confidence and boost exports. ‘I don’t think we – GEPA have done enough.” He said.

CAPTURE OF USA MARKET

He disclosed that the country’s total exports to the United States, for instance, for several decades has hovered around 3% of total NTE Earnings. He added Ghana’s NTEs, in 2016, raked in US$2.5 billion, but GEPA will re-strategize to increase trade to other countries. He therefore reiterated that GEPA would emplace and strengthen good measures to increase our share of the US Market in addition to the ECOWAS and the EU where most our current exports.

ONE DISTRICT, ONE EXPORTABLE PRODUCT

Mr. Osei- Agyeman included that GEPA will be committed to the full implementation of the National Export Strategy, which focuses on the development and promotion of one exportable product from each district in Ghana for export. “As part of the new direction, the board will put emphasis on some key exportable products that GEPA can focus on and rebrand, as well” he said.

BOARD MEMBERS

Members of the board include, Sandy Osei-Agyeman, Gifty Kekeli Klenam, Yofi Grant, Seth Twum-Akwaboah Frank Kofi Nagetey, Grace Akrofi, Victoria M.E. Hajar, Derrick Mawuli Agboka, Kobena Ebo Quaison and Zakariah Yakubu.

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