Businesses urged to grasp international trade treaties for enhanced global insights
The Ministry of Trade and Industry advocates that businesses develop an understanding of international business treaties to gain valuable insights into global market dynamics.
This approach is seen as instrumental in enabling local enterprises to access trade financing opportunities linked to these treaties.
Harnessing Trade Financing Benefits Embedded in Ghana’s International Agreements
Ghanaian businesses are encouraged to navigate trade financing avenues stemming from the country’s participation in various international treaties aimed at deepening economic and trade relationships.
The call to action was articulated by Nana Ama Dokua Asiamah-Adjei, Deputy Minister of Trade and Industry, during the 2023 CEOs Connect event organized by the Canada Ghana Chamber of Commerce.
She emphasized the strategic significance of leveraging international agreements and flagship initiatives to drive advantages for domestic businesses.
Supporting SMEs and Implementing Collaborative Growth Strategies
Nana Ama Dokua Asiamah-Adjei also proposed that medium and large-scale enterprises play a pivotal role as anchor industries, fostering growth among micro and small businesses through contracted and sub-contracted arrangements.
This cooperative strategy is intended to bolster the resilience and expansion of the broader business ecosystem.
Canadian Government’s Africa-Centric Economic Strategy
Her Excellency Martine Moreau, the Canadian High Commissioner to Ghana, unveiled the Canadian Government’s efforts in formulating an Economic Strategy geared towards forging a robust and enduring economic partnership with Africa.
The strategy’s design aims to navigate the shifting global landscape, catalyzed by advancements in technology including artificial intelligence.
Promoting Ethical Global Market Engagement
A call for transparency and accuracy in documentation is issued to businesses seeking to establish a presence in the global market.
Falsification of information, particularly in contexts like international events or industries, is cautioned against. The emphasis lies on unequivocal communication of intentions, aligned with authentic business activities.
Exploring Diverse Financing Strategies and Collaborative Ventures
Yofi Grant, Chief Executive Officer of the Ghana Investment Promotion Centre, underlined the multifaceted financing strategies available to businesses across different developmental stages.
Mr Grant also explored the potential of collaborations and partnerships to address the complexities of securing funding.
