Business

We’ll remove trade barriers between UK and Ghana – Baroness Sugg

The UK Parliamentary Under Secretary of State at the Department for International Development, Baroness Sugg, says her country is seeking to remove every form of trade and investment barrier that exist between the UK and Ghana.

She was Speaking at the third UK-Ghana Business Council meeting at the Jubilee House.

The UK-Ghana Business Council (UKGBC) is a biannual high-level meeting between top government officials from both countries. The meeting is used as a vehicle to move forward a new strategic economic partnership between the UK and Ghana that focuses on increased trade and investment.

Baroness Sugg said the two countries have a fine opportunity to use the Council meeting to set the tone for improved trade relations between their two respective countries.

“As Ghana moves beyond aid, the UK is shifting its focus away from large scale resource transfer towards technical assistance,” she noted.

“I would like us to come out of today’s meeting with an agreement on specific actions in each of those areas focused on where we think we can have the biggest impact together and beyond that, would love to discuss more on what we can do more to breakdown barriers to trade and investment between the UK and Ghana,” Baroness Sugg stated.

Vice President Mahamudu Bawumia indicated that the Nana Akufo-Addo government has focused on formalizing the Ghanaian economy particularly through digitalization modules such as the introduction of the digital addressing system, the issuance of national biometric identity cards and mobile money interoperability.

These efforts, the Vice President believes have set the stage for Ghana to engage the rest of the world for greater trade and investment.

“With what we are doing, we expect within the next two to three years in Ghana, we will have a completely different public sector as far as the digitization and automation of services is concerned,” Vice President Mahamudu Bawumia said

“We should have a more efficient public sector and a less corrupt public sector.”

Meanwhile, the UK Government and the Government of Ghana have agreed on six priority sectors. They are: Agri-processing, financial services, textiles/garments, pharma, digital and extractives as the main areas of cooperation between them.

Source: 3news.com | Ghana

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