Businesses have been urged to cultivate interest in appreciating international business treaties to give them better perspective of global business dynamics.
This, according to the Ministry of Trade and Industry, would help local businesses explore trade financing that were embedded in these treaties.
Ghana is signatory to many international treaties which seek to deepen economic and trade relations.
Speaking at the 2023 Chief Executive Officers’ Connect organised by the Canada Ghana Chamber of Commerce here in Accra under the theme: ‘Financing and Growing Businesses’, a Deputy Minister of Trade and Industry, Nana Ama DokuaAsiamah- Adjei, encouraged Ghanaian businesses to explore trade finance avenues that come along with it several international treaties.
“As leaders in the trade and industry sector, I would like to use this opportunity to encourage you to take keen interest in these international agreements and flagship programmes, and explore them to benefit our businesses,” he said.
She further rallied support for Small and Medium Scale Enterprises, saying, “I also want to urge the medium and the large-scale businesses to serve as an anchor industry to pull along the micro and the small businesses by contracting them and sub-contracting them with some business processes to them.”
On her part, the Canadian High Commissioner in Accra, Martine Moreau, disclosed that the Canadian government was working on an economic strategy which would offer support to the economic viability of the African continent.
“The Canadian government is developing a Canada Africa Cooperation Strategy in order to support the advancement of a robust broad ranging and long-lasting economic partnership with Africa. To some extent the strategy will be a reflection of the rapid changes we are experiencing globally; changes driven by advancement in technology, including artificial intelligence,” she added.
Meanwhile, Ghanaian Businesses have been urged to eschew falsification of documents, especially those seeking to establish presence in the global market space.
The Chief Executive Officer of the Ghana Investment Promotion Centre, Yofi Grant, also touched on the various financing strategies available for businesses at various phases, and ways in which businesses could explore partnerships to address their financing issues. – Citinewsroom.com
