GNCC, Indian businesses strategize to boost Ghana’s exports

GNCC, Indian businesses strategize to boost Ghana’s exports

Mar 3, 2017: The Ghana National Chamber of Commerce (GNCC) has expressed its support for the Indian government and the Trade Promotion Council of India’s (TCPI) initiative of increasing trade relations.

The initiative seeks to promote economic growth in Ghana through trade, employment generation and value addition to the country’s raw materials.

“With respect to the industries in Ghana that are producing we want to be able to up our game by adding some kind of international touch to the finished products so that they can compete on the international market,” the GNCC Head of Marketing, Trade and Investment Promotion Frederick Adu Amoako said.

“We want to be able to partner them to be able to establish some joint ventures in Ghana. We don’t want to continue to export our goods in their raw state, we want to process them, and we want to add value to the raw materials that we are exporting,” he said.

Frederick Adu Amoako was speaking at the sidelines of the launch of ‘Source India Ghana 2017’ in Accra. The Business delegation comprises about 50 Indian companies.
It is expected that the bilateral trade will strengthen investment and business relations which will have a positive impact on the Ghanaian economy through joint venture initiatives. It is also expected to favour technology transfers which will lead to employment generation, output growth and achieve import competitiveness.

Indian investment in Ghana is around USD 998 million, making India the second largest foreign investor in Ghana.

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