The World Trade Centre Accra on July 26, 2016 initiated strategic business discourse aimed at reducing the cost and time in doing business in Ghana and exposed the business community to the implications of BREXIT on the country.
The initiatives were announced in Accra during WTC Accra’s maiden breakfast meeting dubbed ‘’Ghana Business Day’’, which was first of series of meetings to be held this year for members of the trade association and other top business executives.
Speaking at the meeting Dr. Ekwow Spio-Garbrah, Minister of Trade and Industry said the exit of United Kingdom from the European Union (EU) for now would not have any implications on Ghana, as the country has already signed agreements with the EU, and would continue to.
He said the UK is yet to exit and if that is done, Ghana could begin to sign new agreements with the EU, hence the exit has no positive or negative impact on trade.
He said the challenge in doing business in Ghana is mainly related to the cost of interest rate, as well as the cost of credit and this requires a collaborative effort from both government and industry to be able to tackle it.
Dr. Spio-Garbrah noted that there is also the need for public education on some interventions by the government in the trade sector.
He said government is doing its best to protect the Ghana trade industry.
Mr Jon Benjamin, British High Commissioner to Ghana said UK is still a full member of the EU, despite a majority vote to exit the EU, adding that they are securing the right investment for BREXIT.
He said government’s objective of the BREXIT deal is to sustain businesses, increase prosperity, boost financial trade and start from a blank sheet when it comes to trade deals.
He said the UK still has a long way to go in negotiating its exit from the EU, but it is a new opportunity for them and their trading relationship with the world.
“We have innovative and successful businesses who are keen to do more business with Ghana to help grow the economies of our countries’’ he said.