Ghana's Ministry of Trade and Industry in collaboration with other Ministries, Departments and Agencies has developed a three-year Business Regulation strategy (BRS) aimed at modernising the legal and regulatory systems.
This is to promote faster growth, job creation and economic prosperity.
Mr Carlos Ahenkorah, Deputy Minister of Trade and Industry, who announced this on Wednesday, said the strategy was designed to be systemic and permanent in its effects by changing how the government designs and implements business regulations in the future.
'Within the broader national economic reform agenda, the BRS aims to eliminate constraints to economic development, deepen and broaden current reform efforts in order to establish a national regulatory environment that sustainably reduces red-tape and barriers and better promote private sector activity and job creation,' he said.
Ms Gifty Kekeli Klenam, Chief Executive Officer, GEPA, said non-traditional exports hold the key to Ghana's export diversification drive.
Ms Klenam said despite Ghana's subscription to regional and multilateral trade agreements, the non-existence of its own policy document on export promotion strategy partly explains why Ghana could not take full advantage of these agreements.
It is in this direction and furtherance to the strategic objective of the National Export Strategy that, GEPA had set its strategic objective of increasing the contribution of non-traditional exports from the current $2.4 billion to $10 billion.
To achieve this, she said, GEPA had developed and launched a comprehensive four-year work plan towards the development of identified key priority products notable amongst which were pineapple, cashew, shea and yam with comprehensive sectorial intervention programmes, and implementable action plans aimed at achieving the strategic target of $10 billion.
She said the plan formed part of GEPAs initiatives in response to increasing the dwindling supply base of exportable products, through the development of new and improved seedlings for planting to improve the competitiveness of Ghanaian products in both local and international markets.
