The Senior Minister Yaw Osafo Maafo has stated that Ghana could soon stop exporting raw materials to the international market as part of initiatives proposed to enhance the ‘Ghana beyond aid’ agenda.
He said, exports will be restricted to added-value products only, as that will help Ghana maximize its gains in a trade with its partners.
“As part of what we are working out on Ghana beyond aid, I may hint that we may decide not to not to export anything raw from Ghana very soon. As part of our thinking of Ghana beyond aid, we believe that we must add value to our raw materials.”
Osafo Maafo made the disclosure in a keynote address at the lunch of the Ghana Indian Trade Advisory Chamber in Accra.
The Ghana Indian Trade Advisory Chamber (GITAC) is a non-profit organization whose primary objective is to facilitate the building and nurturing of mutually beneficial relationships between Ghana and India.
The Minister of Trade and Industry, Alan Kyeremanteng, said the Ghana beyond Aid paradigm is structured within a robust macro-economy that has trade and investment at its focus, and is pleased that the Ghanaian-Indian relationship is geared towards that goal.
“We charge particularly our Indian business and community here in Ghana to lead this new paradigm shift of moving from aid to trade and investment, because you are already part of this country and there can be no better testimony than the testimony of the Indian business community in leading this drive to attract more foreign direct investment”, he said.
Ambassador of Ghana to India, Mike Oquaye Jr, urged young Ghanaians and Indians alike, to come together in a concerted effort to drive the President’s goal of industrialization.
“We are going to work with the Indians in partnership to grow our industry from cottage industry, small to medium scale and then to large industry so that we use it to the benefit of the people of Ghana,” he stated.