Ghana must do things right to attract international investors – Trade Minister-designate

The Minister-Designate for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare has highlighted the need for Ghana to adhere to proper governance practices and standards to attract international investors.

Speaking during her vetting by Parliament’s Appointments Committee on Wednesday, January 22 , the nominee underscored the importance of creating a transparent and conducive environment for investment while ensuring compliance with international regulations.

“It is important that we do the right things to access international markets,” she said.

“The Ministry of Food and Agriculture will make conscious efforts to ensure that only approved chemicals are used. If we work hard but our produce and products fail to meet international standards, we are doing ourselves a disservice. Addressing this will enable us to qualify for international markets and improve our economic prospects. Issues like child labor will also be tackled in collaboration with the Ministry of Gender, Children and Social Protection.”

She further stressed the need for enhanced standardisation and capacity building, noting that the lack of these often hinders compliance with international standards.

“For standardisation, we need to up our game as a country. Sometimes, there is a lack of knowledge. So if we do capacity building, we should be able to fall within the standards. When all these things are done right, our exports will go up, the intended revenues will be received and then at the end of the day, we will have a stable economy,” she stated.