The Importers and Exporters Association of Ghana (IEAG) has expressed its confidence in the capabilities of Dr. Cassiel Ato Baah Forson, following his appointment and swearing-in as Ghana’s Minister for Finance.
In a press release signed by its Executive Secretary, Samson A. Awingobit, the association extended its heartfelt congratulations to Dr. Forson and also recognized the appointment of Hon. Elizabeth Ofosu-Adjare (MP) as the Minister for Trade, Agribusiness, and Industry.
According to the IEAG, the appointment of Dr. Forson and Hon. Ofosu-Adjare represents a promising step toward advancing Ghana’s trade and maritime industry. “We are confident in the competence and zeal of both Dr. Forson and Hon. Ofosu-Adjare to drive Ghana’s trade and maritime industry to greater heights,” the statement read.
The association lauded Dr. Forson’s extensive experience in fiscal policy and economic management, asserting that his leadership will play a pivotal role in strengthening Ghana’s economic framework, particularly in enhancing trade and investment policies. Similarly, the IEAG commended Hon. Ofosu-Adjare for her dedication to empowering businesses, with a particular emphasis on supporting women-led enterprises. The association believes that her efforts will contribute significantly to the growth and competitiveness of local businesses.
Strengthening Collaboration for Economic Growth
The IEAG emphasized its readiness to work closely with both ministers in achieving their respective goals for Ghana’s trade and maritime sectors. “The IEAG is fully prepared to collaborate with both ministers to achieve their goals and targets for the trade and maritime sectors. We believe that through effective partnership, we can enhance the efficiency and competitiveness of Ghana’s import and export landscape,” the association stated.
Recognizing the persistent challenges faced by traders in the country, the IEAG urged the new ministers to prioritize and address these concerns. Among the key issues outlined were bureaucratic inefficiencies, high tariffs, and infrastructural deficits, which have long hindered the progress of importers and exporters. The association expressed optimism that under the leadership of Dr. Forson and Hon. Ofosu-Adjare, these bottlenecks would be addressed to create a more favorable trading environment.
As part of its advocacy for a more efficient trade environment, the IEAG highlighted several areas requiring immediate attention. One of the primary concerns raised was the reduction of bureaucratic delays that often slow down business operations. The association noted that these delays, coupled with excessive tariffs, have placed a significant financial burden on traders.
Furthermore, infrastructural deficits, particularly in Ghana’s ports and road networks, have created logistical difficulties that impede smooth trade activities. The IEAG called on the new ministers to implement policies aimed at modernizing and expanding infrastructure to facilitate seamless trade processes.
Promoting Women-Led Enterprises
In acknowledging Hon. Ofosu-Adjare’s commitment to empowering women-led businesses, the IEAG praised her focus on gender equality and economic inclusivity. The association highlighted the importance of supporting female entrepreneurs through mentorship programs and financial incentives. “Her emphasis on gender equality and the proposed mentorship programs for young women entrepreneurs align with our vision of an inclusive and thriving trade environment,” the statement read.
The IEAG believes that by fostering an enabling business environment for women, the economy will benefit from increased innovation, employment opportunities, and overall economic growth.
Looking ahead, the IEAG reaffirmed its commitment to engaging with the government in ensuring that trade policies and economic strategies are aligned with the needs of Ghanaian traders. The association urged Dr. Forson and Hon. Ofosu-Adjare to adopt a consultative approach in policymaking, ensuring that industry stakeholders are actively involved in discussions concerning trade and economic policies.
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