The projects which summed up to a total of 4 million Euros were signed in Accra on 19th February 2020 between the European Union (EU) represented by the Ambassador Mrs. Diana Acconcia, the Minister of Trade and Industry (MoTI), Hon. Alan Kyerematen, the CEO of Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant and the CEO of the Ghana Export Promotion Authority (GEPA), Dr. Afua Asabea Asare.
Two projects will support the Ministry of Trade and Industry for the implementation of the interim Economic Partnership Agreement (iEPA) between the EU and Ghana and its accompanying measures: a direct grant of 800,000 Euros to the Ministry combined with a Technical Assistance of 2,976,000 Euros.
These grants will allow the Government of Ghana to manage the implementation of the EPA, and EPA-related reforms and regulations. They will also support financially the institutional set-up of the agreement, which includes the EU-Ghana Joint EPA Committee, the National EPA Advisory Council and the EPA Secretariat.
The support to MoTI is complemented by two grants for value chain development. The Ghana Investment Promotion Centre (GIPC) will be supported with 147,000 Euros while the Ghana Export Promotion Authority (GEPA) will be supported with 221,000 Euros. The grants aim to improve Ghana’s competitiveness and to increase and diversify its exports (not only to the EU but also to West Africa, the African continent and the rest of the world). They will have a specific focus on three value chains: (i) cassava, (ii) fruits (mango and pineapple) and (iii) cosmetics and personal care products.
These two grants will help GIPC and GEPA to build special online platforms to promote and mobilize investment, organize tailor-made sector events in target markets, trade fairs or deliver advisory services to the private sector.
These projects are part of the EU’s “Compete Ghana Programme” with an overall budget of more than 13 million Euros. They will complement two ongoing projects. The first, implemented by UNIDO (6.2 million Euros), aims to strengthen the export competitiveness of the same value chains. The second is a technical assistance (2.9 million Euros) to the Association of Ghana Industries which objective is to increase investment in the agribusiness sector and generate new business linkages in the supply chain.