Ghana’s vision to increase its non-traditional export led to the development of the African Growth and Opportunity Act (AGOA) Strategy in 2016 after the US agreed to a renewal of AGOA over a ten year duration, from 2015 to 2025. In a validation workshop on AGOA Strategy, U.S. Ambassador to Ghana joined officials from the Ministry of Trade and Industry to identify best ways of rolling out the strategy. Also present at the event were producers, processors, and exporters – as the AGOA Strategy is heavily dependent on these sectors. At large, the strategy helps Ghanaian companies take advantage of AGOA, a trade preference provided by the U.S. government to African countries allowing duty-free access to certain goods.
The future of the AGOA Strategy will also be dependent of partnerships between the Ministry of Trade and Industry and its agencies, such as Ghana Export Promotion Authority, the Free Zones Board and Ghana Standards Authority. Collaboration is also required with the Customs Division of the Ghana Revenue Authority under the Ministry of Finance; Food and Drugs Authority; and the Plant Protection and Regulatory Services Directorate of the Ministry of Food and Agriculture.
Commenting on this development, the U.S. Ambassador to Ghana said “I sincerely hope that after this validation event, companies will do more to take advantage of AGOA, and that the Government of Ghana will set forth additional policies that will enable the private sector to flourish.”