U.S. to increase trade with Ghana

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U.S. Ambassador to Ghana, Mr Robert Porter Jackson, has said he “believes in Ghana’s potential for economic growth” and will create avenues for expansion of trade between the two countries.

“We also want to expand trade and investment. I would love for Americans to discover more Ghanaian products in their local stores: shea butter, shoes, textiles, cars, the list can go on and on,” he stated.

He revealed this while addressing students and faculty members of the Kwame Nkrumah University of Science and Technology (KNUST) in Kumasi on Tuesday 29 March 2016.

He lauded the African Growth and Opportunity Act (AGOA) and encouraged Ghanaian exporters to exploit such avenues to have a wider market for their products in the United States. “The African Growth and Opportunity Act can open American doors by providing duty-free treatment on imports from Ghana.”

AGOA was enacted on 18 May 2000 as Public Law 106 of the 200th Congress. AGOA has since been renewed to 2025 with the legislation significantly enhancing market access to the US for qualifying sub-Saharan African (SSA) countries.

At the event, Mr Jackson lauded several collaborations between Ghana and the U.S. in agriculture and other sectors, which he believes are of mutual benefit to both countries.

“Meanwhile, USAID’s West Africa Trade Hub and the Feed the Future programme are increasing regional trade in agricultural products to improve food security,” he underscored.

Source: ClassFMonline.com

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