• 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 Business Agribusiness

Chamber of Agribusiness Ghana Welcomes U.S. House Approval of AGOA Extension, Urges Strategic Repositioning to Boost Exports

3 months ago
in Agribusiness, Economy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
62
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Central Bank Gulps GHS 22.7 Billion in OMO to Further Tighten Liquidity

State of Play After Three Rounds: Ferrari Show Promise but Face Key Test in Title Fight

IFAB Unanimously Approves Red Card for Players Covering Their Mouths to Conceal Discriminatory Behaviour

Chamber of Agribusiness Ghana Welcomes U.S. House Approval of AGOA Extension, Urges Strategic Repositioning to Boost Exports

The Chamber of Agribusiness Ghana (CAG) has welcomed the approval by the United States House of Representatives to extend the African Growth and Opportunity Act (AGOA) for an additional three years, describing the decision as a renewed opportunity for Ghana to correct long-standing underperformance under the preferential trade scheme.

In a statement issued on January 14, 2026, the Chamber said the overwhelming bipartisan vote of 340–54 offers Ghana’s agribusiness sector a critical window to reposition and maximise access to the U.S. market, the world’s largest consumer economy.

According to CAG, Ghana has consistently fallen short of its agricultural export potential since AGOA’s inception in 2000. Between 2001 and 2023, total exports to the United States under AGOA averaged between $150 million and $200 million annually, with agricultural and agro-processed products accounting for less than 15 per cent. In 2022, agricultural exports under AGOA amounted to just $45 million, representing less than two per cent of Ghana’s agricultural export potential.

The Chamber attributed the weak performance to structural constraints, including inadequate infrastructure, low awareness of AGOA provisions among small and medium-sized agribusinesses, limited value addition, high compliance costs, and expensive export financing. It noted that Ghana loses an estimated 30–40 per cent of perishable produce annually due to insufficient cold chain facilities, while certification and compliance costs ranging from $5,000 to $25,000 per facility remain prohibitive for most exporters.

CAG, however, acknowledged recent progress, citing the implementation of the National Export Development Strategy, increased domestic cocoa processing capacity, growth in horticultural exports, and rising shea butter exports to the U.S. market. It, however, also stressed that significant gaps persist, with only 15–20 per cent of agribusinesses currently meeting U.S. export standards and cold chain infrastructure serving less than 10 per cent of export-ready fresh produce.

To fully leverage the AGOA extension, the Chamber called for immediate actions in 2026–2027, including the establishment of an AGOA Readiness Task Force, the creation of a $50 million AGOA Export Fund, and accelerated investment in cold storage and testing infrastructure. Medium-term priorities, it said, should focus on product diversification, expanded agro-processing, and stronger partnerships with U.S. distributors.

“The three-year AGOA extension represents both an opportunity and a mandate for transformation,” CAG stated, adding that coordinated public and private sector action will be critical to translating preferential access into sustainable export growth and job creation.

Tags: AGOA ExtensionChamber of Agribusiness GhanaChamber of Agribusiness Ghana Welcomes U.S. House Approval of AGOA ExtensionUrges Strategic Repositioning
No Result
View All Result

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.