The 14th Ghana International Trade Fair opened in Accra last Friday with a call on financial institutions to develop products to support the productive sectors of the economy.
The Minister of trade and Industry, Ms. Hanna Tetteh, who made the call, also urged small and medium-scale enterprises to follow good corporate governance and management practices irrespective of the size of the enterprise.
Four-hundred and forty companies from Ghana, Egypt, India, China, Pakistan, Syria, Cuba, Togo, Benin, Burkina Faso, Guinea, Ivory Coast, Nigeria and other Economic Community of West African States (ECOWAS) countries are participating in the 18-day fair.
It is on the theme: “Accelerating Ghana Trade and Industrial Growth”.
The first three days of the fair have been designated “Business Days” and it is expected that business executives will invite their clients, customers and stakeholders for business meetings, networking and joint venture discussions during the period.
Ms. Tetteh said the government is in the process of finalising work on an industrial policy that will concretise and guide the implementation of an industrial development agenda, adding that when finalised and approved by the Cabinet, an enabling environment will be created for an industrial take-off.
She said already, the ministry, under the Trade Sector Support Programme (TSSP), is implementing a number of projects to promote the development and growth of a vibrant, productive and competitive industrial sector.
Ms. Tetteh said diversifying and expanding the country’s export base by promoting non-traditional exports is critical to the national goal of achieving a middle-income status, therefore, Ghana needs to be more aggressive in its export development activities.
The Chairman of the Board of Directors of the GTFC, Naval Capt. K. A. Butah (rtd), said the focus of this year’s fair is to promote agriculture and agro-processing, industrial machinery, oil and gas, mining and energy, healthcare, safety equipment and information communication technology.
He said moves have been initiated to find investors and expressed the hope that the company will be able to form partnerships that will result in a significant improvement to the centre in futures.