An April 28 workshop continued a series of Trade Hub-led outreach and information events to help Ghanaian businesses understand the basics of the U.S. African Growth and Opportunity Act (AGOA). Co-hosted with the Ghana Chamber of Commerce and Industry (GCCI) in Accra, the one-day workshop focused on export financing, specifically contracts and payments.
Mr. William Addo, the Trade Hub’s Finance and Investment Specialist, facilitated the workshop and took about 30 participants from the agro and apparel sectors through contracts and payments. “It is important for you to carefully read and understand terms conditions of contracts before signing them,” Mr. Addo said. He continued, saying this will make exporters competitive at the U.S. and global market and prevent any future legal issues.
Mr. Mark Badu-Aboagye, Chief Executive Officer of the GCCI, praised the workshop, saying “I believe our members have benefitted greatly from today’s workshop. Understanding contracts and payment is part of the key requirements in entering the global market.”
The GCCI houses Ghana’s AGOA Trade Resource Center (ATRC), which provides guidance and information for Ghanaian companies looking to export to the U.S. under AGOA. The April 28 workshop is one of many outreach events to inform these companies on AGOA processes, funded through a Trade Hub grant to the ATRC. Prior topics included customs documentation, U.S. standards, proper packaging and labeling, and the next steps to export.