GHANA PLANS TO INCREASE NON-OIL EXPORTS TO US, SAYS PRESIDENT

ACCRA, The government is moving to increase Ghana’s non-oil exports to the United States from the current 12 million US dollars to 500 million USD by 2020, President Nana Addo Dankwa Akufo-Addo says.

To this end, the government is in the process of finalising a new African Growth and Opportunities Act (AGOA) export strategy which will enable Ghana to fully exploit the opportunities in the US market offered under the US trade law which is aimed at helping qualified sub-Saharan countries increase exports to the US.

President Akufo-Addo was speaking Monday at the launch of the Ghana Apparel Manufacturing Expansion project of Dignity DTRT Limited here Monday. The project, a three-million USD partnership between Dignity DoThe-Right-Thing (DTRT) Limited, a Ghanaian-American apparel manufacturer and exporter, and the US Agency for International Development (USAID).

The project will generate 1,200 jobs, aside from the 1600 employees currently manufacturing garments for DTRT.

The President noted that Ghana had not taken advantage, nor made significant gains from the AGOA since it was signed into law more than a decade ago. With the extension of the initiative for another 10 years, President Akufo-Addo said Ghana would this time utilize fully and leverage the AGOA programme to increase export volumes, create jobs for the country’s teeming youth, and improve the country’s socio-economic development.

The President said the Dignity DTRT Expansion project fit into a wider government policy to develop the textile and garment industry to make it’s a strategic anchor industry for Ghana’s industrialisation. The project is consistent to my government’s vision to make Ghana an industrial hub in West Africa, and, thus, drive the socio-economic development of our country, he said.

Source: NAM NEWS NETWORK