The United Nations Industrial Development Organization (UNIDO) has taken another giant step by implementing the EU-funded West Africa Competitiveness Programme (WACOMP) Ghana Component.
Under this laudable initiative, the EU would support Ghana with 6,350.00 Euros assist the country to strengthen its competitiveness in export through enhanced valued chain.
With the focus on three value chains – cassava, fruits (mango and pineapple), cosmetics and personal care products through enhanced value-addition, low carbon sustainable production and processing which aimed at increasing access to regional and international markets.
Ghana was picked out as a priority market in the West Africa Competitiveness Programme (WACOMP) after recording impressive performance in exports in 2018 alone across the agribusiness value chain
The Programme Manager, United Nations Industrial Development Organization (UNIDO) Mr Juan Pablo Davila, briefing the Journalists in Accra, hinted that the WACOMP would be carried out in the ECOWAS member states through national components in each country.
This he said, these initiatives would lead to tariff-free exports of goods towards Europe and increased investment to Ghana.
According to him, over the last decade, Ghana had developed its economic co-operation, integration and trade exchange level with the world.
Adding that the country had implemented ECOWAS common external tariff and ratified the Economic Partnership Agreement (EPA).
Explaining that, these sectors are in line with the priorities of government and have a high potential for industrialisation and job creation.
The EU Head of Cooperation in Ghana, Mr Zolta Agai, noted that the Union was supporting the programme because Ghana had a strong potential to increase its agri-business export for the international market.
Stressing that, EU’s continuous support for Ghana’s ambition would boost trade and industrialization with enhanced value chain, leading to more competitive locally produced goods.
A speech read on behalf of Mr Alan Kyeremanten, the Minister of Trade and Industry, applauded the EU for selecting Ghana as one of the beneficiaries for the initiative, and was confident of its successful completion.
This he said, the programme was in line with the Ghana Beyond Aid agenda to improve economic governance and business environment and maximize the benefit of EPA for the country.
However, he pledged government’s support for the successful implementation of the programme, leading to the development and the enhancement of the competitiveness of trade product groups with strong regional and global value chain potentials for job creation and growth.
He also underscored the need for producers to design products to meet the specifications and requirements of the market and satisfy the demands of customers.
The programme, which started in February, 2019, is a partnership initiative between EU and the Economic Community of West African States (ECOWAS), coordinated by the Ministry of Trade and Industry and implemented by the United Nations Industrial Development Organisation (UNIDO) for four years.