As part of effort to strengthen the competitiveness of West Africa and to enhance the ECOWAS countries’ integration into the regional and international trading system, including the newly established African Continental Free trade Area (AFCTA), the United Nations Industrial and Development Organisanitation(UNIDO), in collaboration with the European Union (EU), has held a stakeholders dialogue to discuss issues related to the West African Competitiveness programme (WACOMP), in Accra.
The ‘WACOMP’ embraces the vision of the the Third Industrial Development Decade for Africa (IDDA III) and is also aligned to UNIDO’s mandate of fostering Inclusive and Sustainable Industrial Development (ISID). The programme was launched in March, 2019 in Ghana and funded by the European Union.
In his address, the Head of cooperation at the European Union (EU), Zoltan Agai, mentioned that Ghana over the years has exported goods worth over 3.1 billion pounds to the European market which has supported the Ghanaian economy.
He emphasised ” ‘WACOMP’ which started months ago has achieved a lot, Ghana has made significant progress over the last 20 years in terms of economic development and macro-economic stability, this progress was translated into foreign direct Investments, increased regional International trade. A good part of this this is that, there has been an increased interest for Ghana’s International trade and export is shared with European businesses”.
The Chief Director of the Ministry of Trade and Industry, Mr. Anthony Baafi on his part said “The over all objective of the programme is in the context of the Ghana beyond Aid Agenda of improving economic governance and business environment.
This is also help maximise the economic benefits of the Economic partnership Agreement. UNIDO is committed to the programme and I know they will deliver as expected”. He added.
The West African Competitiveness programme seeks to improve the Competitiveness of Ghanaian experts with a focus on their main value chains- Cassava, fruits,(Mango and pineapples) cosmetics and personal care products through enhanced value – addition, low carbon sustainable production and processing aimed at increased access to the regional and International markets.
Story By: Prince Bankesie