I Have Solutions – Alans K.

Alan KyeremantenAlan John Kwadwo Kyerematen, a presidential aspirant of the New Patriotic Party (NPP) has stressed the need for government to develop and champion an export-led growth strategy at the centre of national development agenda.

According to him, putting export-led growth at the center of national development is the sure way to boost foreign exchange in the country and accelerate the country’s development.

Mr. Kyerematen was speaking at the 2nd Graphic/Fidelity Economic Dialogue held in Accra yesterday under the theme: “Maximising Value of Exports to Improve Ghana’s Trade Balance”.

The dialogue was to solicit ideas from current and former Ghanaian Ministers of Trade on how to better grow exports and the national economy.

He noted that the remarkable growth of China into a global economic power country was due to exports and investments, stressing that: “I think they did so with clarity by developing an export-led strategy agenda.”

He said it should be clear to everyone that this is a national policy, following which new strategic growth pillars need to be identified to expand the export base of the country.

Mr. Kyerematen, who is a former Trade and Industry Minister expressed worry that little action goes into brilliant policies in this country, stressing that, the talking must cease for some action to begin on boosting the country’s exports.

“I’m beginning to lose appetite for gatherings of this nature because our country is gradually turning itself into a NATO country, no action, talk only,” he said.

Mr. Kyerematen said instead of policy makers talking all the time about the same issues on challenges confronting the country’s trade, they should strive to develop practical steps which would usher the nation into its desired development.

He proposed that government should develop and implement a structured programme which would enhance export development in the country, suggesting that, there should be a targeted infrastructure development in the electricity, water and roads to enhance trade.

Additionally, government should establish a high level Export Coordination and Harmonisation Committee, chaired by the president to facilitate smooth exports of Ghanaian products onto the international markets.

Dr. Kofi Konadu Apraku, an NPP Presidential aspirant and also a former Minister of Trade and Industry also expressed worry that Ghana’s imports had increased drastically than its exports over the years.

He charged local banks to support in financing local companies to export their products onto the international markets.

He also charged government to institute measures to control the rising inflation and depreciation of the country’s currency.

The Minister of Trade and Industry, Haruna Iddrisu reiterated government’s commitment to boost exports to enhance the country’s trade balance.

According to him, the mandate of the Export Development and Agricultural Investment Fund (EDAIF) had been reviewed to be responsive to the needs of local companies.

Mr. Iddrisu said Ghanaian exporters must take advantage of the large and expanded ECOWAS market to expand their businesses and create jobs, stressing that government is putting in place measures to reduce the cost of doing business in the country.

Source: myjoyonline.com

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