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    Ghana is the best destination for investment in West Africa – Bawumia

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    Modify old trade conventions to favor local printing firms – AGI tells govt

    Ken Ofori-Atta, Ministry of Finance for Ghana, gives an interview during day 3 of the AfDB Annual Meetings on 13 June 2019 in Malabo, Equatorial Guinea. (Photo by Malick Silue)

    Ghana sends debt restructuring proposal to official creditors

    IMF mission staff arrive in Ghana today to assess implementation of economic recovery programme

    WTO Chief urges African governments to increase trade, agric investment

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

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    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

    Mobile money disrupted banking in Ghana – Zeepay CEO

    Ghana’s oil reserve recording steady growth – GNPC CEO

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    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

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    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

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National Export Development Strategy to support women, youth in export

November 8, 2020
in Business
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The Ministry of Trade and Industry has announced plans to increase the participation of women and young people in the value chain of non-traditional exports (NTEs) under the newly-launched National Export Development Strategy (NEDS), an initiative being championed by the Ghana Export Promotion Authority (GEPA).

The NEDS’ strategy on gender, youth and disability, is intended to deliberately focus on expanding opportunities for women, young people and persons with disabilities (PWDs).

In furtherance of the agenda, NEDS will embark on statistical data collection and analysis of female-owned enterprises in export, and promote measures that will enhance women’s product associations to facilitate their access to resources and special interventions.

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NEDS will also champion advocacy for women’s access to resources such as land and working capital, and coordinate with other government bodies to promote policies that favour women’s participation in the export of NTEs.

For persons with disabilities, NEDS will offer resources for skills training and reserve a specific number of jobs in programmes such as 1D1F, PERD, DIJWC, PFJ as well as other NEDS-specific projects.

Financial assistance will also be given to PWDs to develop their own enterprises while parents and caregivers providing care for severe cases of PWDs will also be offered job opportunities.

The NEDS Youth in Export Strategy includes the upgrading and geographical extension of the Ghana Export School to cover more regions and districts in the country, and strengthening of collaboration with the Ministry of Business Development to promote export business culture among the youth.

Other interventions include the implementation of programmes to link young people with opportunities for entrepreneurial skills training in the export business through initiatives such as the National Entrepreneurship and Innovation Plan (NEIP) and MASLOC.

The goal of the National Export Development Strategy is to accelerate the production of NTEs to achieve a substantial increase in manufactured goods and services components of the nation’s exports, with a projected aggregate revenue target of at least 25 billion USD by the year 2030.

NEDS focuses on 17 main products which include: processed cocoa, cashew, horticultural products, processed oil seeds, fish and fishery products, textiles garments and apparel, natural rubber sheets, and aluminium products.

The remaining are: pharmaceutical products, services, iron/steel products, articles of plastic and other petrochemical products, automobiles and vehicles, industrial salt, machinery and components, industrial starch, and sugar.

Source: Lord Kweku Sekyi|lordkwekusekyi@gmail.com
Tags: GEPANEDSnon traditional exports
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