Trade Ministry urges Parliament to expedite
action on export, investment Bill
Trade Ministry urges Parliament to expedite
action on export, investment Bill
Accra (Greater Accra) 14 April 2000
The Ministry of Trade and Industry (MOTI) on Wednesday said it expects Parliament to quickly pass the Export Development and Investment Fund (EDIF) Bill to make it easy for exporters to access funds while making the export industry more robust and competitive.
This is in view of the huge constraint facing exporters who most often fail to meet the expectations of the export market and fizzle out after taking just a few orders. The Bill seeks to address most of the developmental and commercial financing problems facing the export sector.
Mr. Peter Wiafe Pepera, Deputy Minister of MOTI, said this at the launch of the Export Guidebook for Non-Traditional Exports, which is a collaboration among the Bank of Ghana, Ghana Export Promotion Council and Non-Traditional Exporters.
Mr. Pepera noted that the government places great premium on the human resource development of all sectors of the economy despite the fact that some may have the money to finance certain projects.
"It is when our exporters have improved their competence and knowledge through education and training that we can comfortably hope that they can make use of such competence to be competitive on the fast changing turf of the international market."
Mr. Pepera mentioned the International Trade Centre-funded Poverty Reduction Programme and the Joint Integrated Technical Assistance Project and said such programmes have become important in the face of globalisation of the competitiveness of the international market.
The guidebook offers tips like identifying export market opportunities, pricing export products, securing orders, getting paid for orders, repatriation of export proceeds, managing risk in export and preparing.
Mr. Osei Kumah, Deputy Governor of the Bank of Ghana, expressed satisfaction with the production of the document, saying it offers a one-stop opportunity for the avoidance of both minor and major problems in the export business.
GRi…/