April 1, 2019

UNIDO to boost industrial development and strengthen export competitiveness

The Director General of the United Nations Industrial Development Organization (UNIDO), LI Yong, and the Minister of Trade and Industry, Mr. Alan John Kwadwo Kyerematen, signed the Country Programme (CP) for Ghana that will boost industrial development, trade and export competitiveness.

The Country Programme is scheduled to be implemented from 2019-2022, and will constitute the reference framework for UNIDO technical cooperation activities with Ghana. The CP is aligned with the national development agenda, including the President’s ‘Ghana Beyond Aid’ agenda and Ghana Vision 2020, and focuses on potential high-growth sectors to achieve the Sustainable Development Goals (SDGs). Furthermore, the CP will help build synergies and will help Ghana leverage additional investment by facilitating the mobilization of partners and resources to achieve larger development impact.

Furthermore, LI Yong, Mr. Kyerematen, and the EU Ambassador to Ghana, Ms. Diana Acconcia, signed a cooperation agreement to strengthen the Ghanaian economy’s export competitiveness through enhanced value-added, low carbon, sustainable production and processing.

The agreement will build on recent EU support toward competitiveness-related issues, and will capitalize on lessons learnt as well as complement ongoing interventions in Ghana. The agreement is to be implemented under the West Africa Competitiveness Programme (WACP) that aims at improving the performance and growth of selected value chains, including cassava, fruits (mango and pineapple) and cosmetics, as well as personal care products. These sectors are in line with the priorities of the Ghanaian government and have a high potential for industrialisation and job creation.

The four-year programme will run from 2019 to 2022, and will help develop value chains, improve the competitiveness of MSMEs, strengthen the supporting intermediate organizations, create better linkages among the selected value chain actors, and increase access to regional and international markets.

Source: thebftonline.com

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