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GHANA, NIGERIA TO STRENGTHEN TRADE TIES

The Ghana Export Promotion Authority (GEPA) and the Nigerian Export Promotion Council (NEPC) have agreed to explore ways to deepen their relationship to enhance trade between the two countries.

A meeting between officials of the two institutions in Accra ended with agreement to seek ways to combine their strengths to promote exports of goods and services between the two countries and within the West African sub-region.

As a first step, the two institutions will revisit an old Memorandum of Understanding (MoU) signed between them with a view to reviewing it to suit current situations.

James Tiigah, the Chief Executive Officer of the GEPA said at the meeting that there were many areas in which Ghana, Nigeria and other countries in the sub-region could collaborate for increased trade.

However, he added, there was an urgent need to abide by the Economic Community of West African States (ECOWAS) protocols to facilitate trade among countries in the sub-region.

Tiigah said the many trade barriers which had been erected in gross disrespect of the ECOWAS protocols had hampered increased trade among ECOWAS countries and there was a need to break down these barriers.

Olusegun Awolowo, the Executive Director and Chief Executive Officer of the NEPC, said Nigeria was similarly going through an institutional review of its strategic vision with a view to diversifying its economy away from oil.

In this connection, each Nigerian state was required to identify one key export product which could be developed and promoted.

Awolowo said funding and incentives to exporters were critical to ensuring success in the export drive and these were being actively looked at to achieve set goals.

Source: NAM NEWS NETWORK