Traders urged to exploit economic pacts

Nana Osei-Bonsu(second left),Mr Kwadwo.Asumaning(second right),Mr Sam Ato Gaisie(left),and Mr Joseph Spio-Garbrah(right),applauding after the launch of the conference.Photo.Ebo GormanTraders in the export and allied sectors have been urged to prepare to take advantage of the numerous benefits under the country’s international economic agreements and trade treaties.

The General Manager of the Ghana Economic Outlook and Business Strategy Conference (EOBS), Joseph Spio-Garbrah, who gave he advice in Accra yesterday, said the Economic Partnership Agreement (EPA) and the United State’s African Growth Opportunity Act (AGOA) presented significant opportunities to boost export trade.

He was speaking at the media launch of the third edition of the EOBS slated for next week, January 21.

The event will bring together all the key players in the business and finance sector to hold discussions on the theme, ‘Diversifying Ghana’s economy through sustained export trade’.

The Vice President, Kwesi Amissah-Arthur, is expected to deliver the keynote address.

Mr. Spio-Garbrah said in the light of Ghana being a signatory to the EPA and the likelihood that the United States would renew the AGOA, the conference would enable operators in the export and allied sectors to take advantage of the opportunities and benefits that existed under the EPA and AGOA.

“The conference is poised to generate ideas, suggestions and strategies from the government, the export and financial sectors, and other key stakeholders on the positive role that increased exports and related trade activities can play in promoting and sustaining the growth of the economy,” he said.

With the inauguration of the government’s Made-In-Ghana committee to promote locally manufactured goods and services, he said the conference would serve as a catalyst for the transformation of the economy through production and patronage of Made-In-Ghana products.

The Head of Export Desk, Fidelity Bank, Bright Darko, said countries like Japan, Malaysia, Korea, United Kingdom, and the United States had achieved economic growth on the back of export-led economies.

“We believe Ghana can do same if our export sector is given the needed boost,” he said and expressed optimism that the conference would generate ideas and suggestions from government and stakeholders on strategic ways of improving the country’s economy through sustained export trade.

By Yaw Kyei

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