The African Continental Free Trade Area (AfCFTA) settlement is a improvement instrument that gives a possibility for Micro, Small, and Medium Enterprises (MSMEs) to export to different African international locations, thus boosting intra-African trade. Yet, MSMEs lack related data on product entry necessities, and on processes and procedures to entry the only African market.
To bridge the hole, the Ghana National AfCFTA Coordinating Office (NCO) in partnership with the United Nations Development Programme (UNDP) is coaching chosen MSMEs on how to trade under the AfCFTA. The coaching falls inside UNDP’s built-in help for ladies and youth-led MSMEs in Ghana to help Government COVID-19 restoration efforts.
The UNDP Integrated MSMEs Support programme consists of enterprise improvement providers together with entry to finance, capability for good company governance and consciousness creation to stop radicalization, in addition to power and useful resource effectivity help. This AfCFTA coaching, which falls throughout the enterprise improvement providers for the MSMEs, additionally kinds a part of the NCO’s Market Expansion Project geared toward equipping companies to harness the total advantages of the African Continental Free Trade Area.
Speaking on the AfCFTA sensitization workshop in Kumasi, Head of Inclusive Growth & Accountable Governance at UNDP, Edward Ampratwum, underscored the significance of the enterprise improvement providers as crucial for MSMEs.
“An integrated approach to business ecosystem support to enable MSMEs take full advantage of the available opportunities of the AfCFTA is critical. Our business development services seek to provide platforms that support national priorities to unlock the enormous transformative potential of MSMEs to power Africa’s long-term prosperity,” famous Dr Ampratwum.
Head of the National AfCFTA Coordination Office, Dr. Fareed Arthur inspired MSMEs to concentrate on bettering their inside mechanisms to benefit from the settlement.
“Ghana’s dream to become a manufacturing hub of Africa can only be achieved with your active participation. Together, let us contribute to Ghana’s National Export Development Strategy which is to help transform Ghana’s economy from raw commodity export to a manufacturing industrial export-driven economy,” Dr. Fareed acknowledged.
The AfCFTA sensitization workshop for Women and Youth-led MSMEs is coaching about 600 individuals from six chosen districts together with Ketu South Municipal Assembly, Sefwi Wiawso Municipal Assembly, Jomoro Municipal Assembly, Sagnarigu District Assembly, Kassena–Nankana West District Assembly and the Kumasi Metropolitan Assembly. Representatives of the Business Advisory Centers (BACs) and Business Resource Centers (BRCs) of the six district assemblies have been additionally skilled to function focal individuals to inform and sensitize MSMEs on AfCFTA alternatives and processes.
The individuals recommended UNDP and NCO for initiating this coaching and described the data acquired as one that may assist seize the alternatives of the only African market.
“Initially, I didn’t know how important it was for me to obtain the necessary certification for my products and business. I have a better understanding of the measures and right channels to go through to have my business and products registered in a less cumbersome process as this is a prerequisite for trading under the AfCFTA,” famous Elizabeth Agyapong, Founder of Letivia Services, producers of natural skincare merchandise within the Ashanti Region.
With MSMEs accounting for a considerable quantity of financial exercise within the nation, the AfCFTA gives a possibility for them to increase their financial footprints and contribute to the overall progress of Ghana’s economic system.
“I am into the production of herbal medicines. I have been practicing for some years now, but I never knew it was possible to export my products out of Ghana but thanks to this training, I am aware of the steps I need to take to rebrand my business to take full advantage of the AfCFTA,” famous David Ahiale Rutherford, CEO of Saint David Alternative Natural Clinic at Sefwi Wiawso.
The coaching was supported by the Ghana Revenue Authority, Food and Drugs Authority, Ghana Standard Authority, Ghana Enterprise Agency, and Ghana Export Promotion Authority.
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