Business & Finance

Ghana, TradeMark Africa Renew MoU to Boost Trade Facilitation and Exports

The Ministry of Trade, Agribusiness and Industry and TradeMark Africa have renewed their partnership through the signing of a Memorandum of Understanding aimed at strengthening trade facilitation, boosting exports and supporting sustainable economic growth.

The renewed agreement was signed by the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, and the Deputy CEO of TradeMark Africa, Madam Allen Sophia Asiimwe.

It builds on an earlier partnership established in January 2023, which provided a strategic framework for advancing Ghana’s trade and economic development priorities.

Speaking at the signing, Hon. Ofosu-Adjare said the agreement reinforces both institutions’ commitment to deepen collaboration in implementing Ghana’s obligations under key trade frameworks, including the World Trade Organisation Trade Facilitation Agreement, the African Continental Free Trade Area, and the ECOWAS trade agenda.

Under the renewed partnership, TradeMark Africa and MoTAI will continue implementing the Ghana Country Programme Strategy, which focuses on trade facilitation, regional integration, private sector competitiveness and improved market access.

The new agreement will also support the modernisation of Ghana’s border management systems, strengthening of digital trade infrastructure, improvement of logistics networks, and efforts to reduce the time and cost of moving goods along the Abidjan–Lagos Corridor.

It will further promote stronger standards and quality systems to enhance export competitiveness, particularly for agricultural and manufactured products.

A key focus of the partnership is expanding opportunities for women, youth and SMEs to participate in regional and AfCFTA trade through inclusive interventions and improved access to trade finance.

The agreement will also help Ghana prepare for emerging green trade requirements.

Highlighting progress made so far, the Minister cited her recent commissioning of improved border management systems at the Akanu–Noepe Joint Border Post.

She said integrated digital customs systems, modern infrastructure and solar energy solutions there have supported 24-hour border operations and reduced trade delays.

Madam Asiimwe commended the government, particularly the Ministry of Trade, Agribusiness and Industry, for the continued collaboration and expressed optimism that the renewed agreement will deliver greater impact.

Beyond infrastructure and technology, the collaboration has also supported traders and businesses through institutional capacity building, training of border officials, and export readiness support for SMEs.

More than 1,250 women and small-scale cross-border traders have benefited from support on AfCFTA procedures, simplified trade processes and safer trading environments.

The renewed MoU is expected to serve as a platform for scaling investments, increasing exports and advancing Ghana’s ambition of becoming a leading regional trade and investment hub.

It aligns with national priorities focused on private sector-led growth, industrialisation, job creation and the development of a resilient export-driven economy.

Click to read more: https://opemsuo.com/author/hajara-fuseini/

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