The President of the Republic, Nana Addo Dankwa Akufo-Addo, on Friday, 5th November 2021, opened officially the Ghana Place of job of the Japan Exterior Business Group (JETRO), at an match in Kempinski, Accra.
JETRO is without doubt one of the firms President Akufo-Addo engaged with in his authentic talk over with to Japan just about 3 years in the past. Toyota Tsusho, is without doubt one of the firms the President engaged with, for which an meeting plant has been established in Ghana.
With Ghana and Japan having had robust, longstanding bilateral family members since 1957, leading to co-operation within the fields of agriculture, schooling, power, finance, meals, governance well being, infrastructure, production, and peace and safety, JETRO has performed a vital position within the a success implementation of a number of of those business and investments programmes, that have equipped enhance in boosting the productiveness and sustainability of many small and medium scale enterprises in Ghana.
Talking on the match, President Akufo-Addo mentioned that the status quo of the JETRO Ghana Place of job, which has been duly staffed and resourced, is crucial construction in opposition to deepening Ghana’s financial co-operation with Japan.
In line with President Akufo-Addo, “It supplies an everlasting administrative mechanism for strengthening bilateral discussion and cooperation on business, funding and personal sector construction programmes between Japan and Ghana.The JETRO Ghana Place of job will have to lend a hand facilitate trade linkages by means of at once addressing the language barrier between Ghanaian and Eastern firms.”
Proceeding, the President indicated that “As an company of Japan’s Ministry of Economic system, Exterior Business and Funding (METI), JETRO is healthier positioned, additionally, to enhance extra diligently the entire cycle of undertaking targets and follow-up movements required to near offers brokered from out of the country business missions, exhibitions and government visits.”
With JETRO absolutely in position, he indicated that the time has come for a extra co-ordinated manner by means of Ghana and Japan to adopt joint tasks, which can supplement the paintings the Ghanaian Executive is already doing to empower the non-public sector to benefit from long-standing and really helpful bilateral cooperation, in addition to of key Business Agreements such because the game-changing African Continental Unfastened Business House (AfCFTA) Settlement, the Ecu Union-Ghana Meantime Financial Partnership Settlement, the ECOWAS Business Liberalisation Scheme, the USA African Enlargement and Alternative Act (AGOA), the Ghana-UK Business Partnership Settlement, and the more than a few Eastern Co-operation Agreements underneath the TICAD initiative.
President Akufo-Addo used to be satisfied that, running intently with the Ministry of Business and Trade, JETRO will absolutely align its construction co-operation to lend a hand the Ministry of Business and Trade to enforce Ghana’s complete Business Transformation Programme.
“Industrialisation is an issue of extreme precedence and urgency for this Executive, particularly in addressing the problem of activity introduction for our younger inhabitants, and in exploiting absolutely the alternatives to be had for Made-in-Ghana merchandise in export markets,” he added.
The President informed the collection that Ghana is having a look ahead to extra really extensive investments by means of Eastern firms into her production sector for Ghana to understand its complete doable as a regional production hub for Africa.
He indicated that Ghana has laid out a bunch of well-structured sector-specific incentives for production for home intake and for exports to overseas markets. Moreover, Executive, running intently with Parliament, is prepared and able to designing the suitable legislative and regulatory measures essential to draw catalytic investments into key strategic sectors of the financial system.
“The Ghana Car Production Coverage, for instance, is very popular by means of our friends within the auto business as some of the easiest in Africa. Development made by means of Volkswagen and Toyota Tsusho in putting in place new Meeting Vegetation right here in Ghana, and the upcoming plans of Nissan and Suzuki to persist with swimsuit early subsequent yr, undergo plentiful testimony to my govt’s company choice to industrialize impulsively the Ghanaian financial system to propel enlargement, and deal with the issue of unemployment among our early life,” President Akufo-Addo added.
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