World Trade Centre marks Ghana Business Day

The World Trade Centre (WTC), has initiated strategic business moves, aimed at reducing the cost and time in doing business in Ghana, and expose the business community to the implications of BREXIT on the country.

The initiative was announced in Accra, on Tuesday during WTC’s maiden breakfast meeting to mark Ghana Business day, which also forms part of series of meetings to be held this year for members of the Centre.

Dr Ekow Spio-Garbrah, Minister of Trade and Industry said the exit of United Kingdom from the European Union (EU) for now would not have any implications on Ghana, as the country has already signed agreements with the EU, and would continue to.

He said the UK is yet to exit and if that is done, Ghana could begin to sign new agreements with the EU, hence the exit has no positive or negative impact on trade.

He said the challenge in doing business in Ghana is mainly related to the cost of interest rate, as well as the cost of credit and this requires a collaborative effort from both government and industry to be able to tackle it.

Dr Spio-Garbrah noted that there is also the need for public education on some interventions by the government in the trade sector.

He said government is doing its best to protect the Ghana trade industry, importers as well as trade partners.

Mr John Benjamin, British High Commissioner to Ghana said UK is still a full member of the EU, despite a majority vote to exit the EU, adding that they are securing the right investment for BREXIT.

He said government’s objective of the BREXIT deal is to sustain businesses, increase prosperity, boost financial trade and start from a blank sheet when it comes to trade deals.

He said the UK still has a long way to go in negotiating its exit from the EU, but it is a new opportunity to them and their trade with other countries and they are ready for that.

“We have innovate and successive businesses ready to make trade with businesses, and we are committed to take UK and Ghana Trade business to the highest level,” he said.

Source: GNA