• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

AGOA: Ghana’s access to the US market extended for 4 more years

4 years ago
in highlights, Home, home-news, latest News, Trade, Uncategorized
2 min read
0 0
0
123
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Enacted in 2000, the United States’ African Growth and Opportunity Act (AGOA) which provides duty-free exports for African countries into the US market has been extended for four (4) more years.

The extension of the AGOA, therefore allows Ghanaian exporters to continue exporting duty-free goods into the US market.

Making the disclosure in an interview, US Ambassador to Ghana, Stephanie Sullivan noted the extension of the programme is due to the high demand for Ghanaian products by US consumers.

“AGOA is in force till 2025 and that gives us predictability and certain. There are 18 products that can be exported through the West African Trade Hub. We have done some capacity building to help them meet those standards. One other issue is packaging of which we are dealing with,” she noted.

“There is a huge market for Ghanaian products and my team and I are eager to work this out,” she added.

Read: Amazon, Google and Facebook will be hit hard by the G-7 tax deal, here’s how they responded

Renewed confidence in the African Growth and Opportunity Act (AGOA) has resulted in an upward trend, with the country’s trade under the programme registering a total of $748million last year, according to the Ghana National Chamber of Commerce and Industry (GNCCI).

RelatedPosts

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

The surge in performance reflects the collective efforts by government and other stakeholders including the chamber in strengthening the country’s exports.

After reaching its peak in 2011 with exports earnings of $779 million and subsequent decline in 2012, when it recorded $292 million.

Ghana’s performance under AGOA has been sustained by its broadly diversified exports to the USA in the areas of textiles and apparel, energy-related products, agricultural products, footwear, and minerals and metals.

Also: Deutsche Bank warns of global ‘time bomb’ coming due to rising inflation

The African Growth and Opportunity Act (AGOA) has been at the core of U.S. economic policy and commercial engagement with Africa.  AGOA provides eligible sub-Saharan African countries with duty-free access to the U.S. market for over 1,800 products, in addition to the more than 5,000 products that are eligible for duty-free access under the Generalized System of Preferences program.

To meet AGOA’s rigorous eligibility requirements, countries must establish or make continual progress toward establishing a market-based economy, the rule of law, political pluralism, and the right to due process.  

Additionally, countries must eliminate barriers to U.S. trade and investment, enact policies to reduce poverty, combat corruption and protect human rights.

By providing new market opportunities, AGOA has helped bolster economic growth, promoted economic and political reform, and improved U.S. economic relations in Sub-Saharan Africa.

Tags: duty-free exports for African countriesGhana National Chamber of Commerce and Industry (GNCCI)Stephanie SullivanUnited States' African Growth and Opportunity Act (AGOA)US Ambassador to Ghana
No Result
View All Result

Highlights

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

Value of Mobile Money Transactions Hit GHS 323.2bn in June

Alex Mould Questions BoG’s 25% Policy Rate Amid Ample Market Liquidity and Falling Inflation

Chamber of Agribusiness Calls for Sector-Wide Price Cuts and Urgent Government Support to Curb Food Crisis

The Perils of Market Interventionism: When Political Pressures Threatens Ghana’s Economic Gains – The Way Forward

Trending

Features

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain

August 4, 2025

2025 Mid-Year Economic Review: Fiscal Discipline is a Necessary Pain Finance Minister Ato Forson’s 2025 mid-year budget...

Ledecky’s Heroics Highlight Underwhelming US Campaign at World Aquatics Championships

August 4, 2025

CAF Establishes New Infrastructure Department to Enhance Stadium Development Across Africa

August 4, 2025

Bibiani Gold Stars Set to Begin GPL Title Defence Against Bechem United as Fixtures for 2025/26 Season Are Released

August 4, 2025

Gov’t Increases Producer Price of Cocoa to GHS 51,660 per Tonne for 2025/2026 Season

August 4, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.