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in Vaultz Business

GEPA Calls on Committee Responsible for the Implementation of NEDS to Move Way from Import Dependency

Maynard Championby Maynard Champion
August 5, 2022
Reading Time: 3 mins read
GEPA CEO Charges Trade Promotion Organizations to Deal With External Environment Challenges

Dr. Afua Asabea Asare- CEO of GEPA

Dr Afua Asabea Asare, Chief Executive Officer (CEO) of the Ghana Exports Promotion Authority (GEPA), has asked the 10 technical committees tasked to drive the implementation of the National Export Development Strategy (NEDS) to be innovative in ensuring that the country moves away from import dependency.

Dr Asare observed that stakeholders needed to play a major role to help in delivering the country from its current state of imports dependency. According to the CEO, the situation must be tackled systematically, starting from the grassroots.

“We are charting an integrated approach not only in terms of finding the right mix but also the need for partnerships for a groundbreaking approach to implement the strategy.”

Dr Afua Asabea Asare

Meanwhile, the NEDS was launched to provide a clear direction and intent, to increase non-traditional export (NTE) earnings to US$25.3 billion by 2029.

Dr Asare disclosed that after the first year of the NEDS implementation, records indicate a US$3.3 billion revenue from NTEs. This represents a 17 per cent growth over 2020 earnings of US$2.84 billion, posting an increase in the annual average growth rate of 7.07 per cent.

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“Despite this increase a lot more effort would have to be exerted to ensure significant increases for the achievement of the target.”

Dr Afua Asabea Asare

Plans for District Sensitisation Programme on NEDS

Dr Asare hinted of plans for a district sensitisation programme on the National Export Development Strategy (NEDS) across the country.

Together with other stakeholders, it is expected that at the end of the sensitisation, stakeholders are not only aware of the content of the NEDS but also know and appreciate their roles and contributions towards attaining the target.

Mr Herbert Krapa, the Deputy Minister of Trade and Industry, on his part, called for institutional collaboration to ensure speedy but thorough deliberations in the drive to implement the export development strategy.

“We cannot implement the National Export Development Strategy without institutional collaboration. I mean institutional collaboration in the truest sense of the phrase, which naturally starts with a recognition that parties being invited to the table truly have something to offer, and parties sitting around the table, accepting in similar respectable fashion, that they must give everything they can to make what we do a success.”

Mr Herbert Krapa

The Deputy Trade Minister averred that the country has reached the stage where it cannot back off.

“gradually, slowly, surely and steadily, we are shifting gear into full -blown implementation of the National Export Development Strategy. This is perhaps the junction they call ‘a point of no return’, and we cannot afford to retreat at this point. We have built enough momentum for take-off and we must do so with only one outcome in mind- a successful implementation.”

Mr Herbert Krapa

READ ALSO: Companies’ Concerns About Recession Grow in Q2 2022

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Tags: GEPAImport dependencyNEDSNon-Traditional ExportSensitization Programme
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