By: Nana
Appiah Acquaye
Ghana has renewed its
partnership with TradeMark Africa through a new Memorandum of Understanding
aimed at strengthening trade facilitation, expanding export opportunities and
improving market access for Ghanaian businesses.
The agreement was signed by
the Ministry of Trade, Agribusiness and Industry as part of efforts to support
the country's drive towards a more competitive and export-oriented economy.
Under the renewed
partnership, Ghana and TradeMark Africa will work to improve trade facilitation
measures while supporting businesses, particularly women-led enterprises,
youth-owned businesses and small and medium-sized enterprises, to take greater
advantage of opportunities created by the African Continental Free Trade Area
(AfCFTA).
The collaboration will also
focus on modernising border systems and strengthening digital trade
infrastructure to make the movement of goods across Ghana's borders more
efficient.
According to Trade and
Industry Minister Elizabeth Ofosu-Adjare, the partnership is expected to help
reduce the time and cost associated with moving goods across borders while
improving the overall trading environment for businesses.
The renewed cooperation
comes as Ghana seeks to increase its participation in intra-African trade and
position local businesses to benefit from the expanding continental market
created by AfCFTA.
The Ministry said the
partnership would contribute to efforts to improve Ghana's trade
competitiveness, facilitate exports and create a more enabling environment for
businesses to access regional and international markets.
The collaboration is also
expected to support the country's broader digital trade agenda by promoting
more efficient border processes and the adoption of digital systems that can
simplify cross-border commerce.
Minister Ofosu-Adjare
expressed confidence that the renewed partnership would contribute
significantly to Ghana's objective of building a stronger, more competitive and
export-driven economy.
