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Ghana: CBG Reiterates Commitment to Export Sector

It is imperative for Ghana to take advantage of exports of goods and services since it contributes more than 35 per cent of Ghana’s Gross Domestic Product (GDP), Deputy Managing Director of Consolidated Bank Ghana (CBG), Thairu Ndungu has said.

“Exports contribute more than 35 per cent of our GDP and it is very critical to the stability of the Ghana Cedi, hence the urge to spearhead the discussion on how to develop initiatives and activities that offer collaborative support and partnership with exporters in Ghana,” he said.

He said “CBG is committed to facilitating National Development and the first step is to fervently support Small and Medium Enterprises in Ghana.”

Thairu Ndungu said this when speaking at an export forum which brought together various exporters, export facilitation institutions and stakeholders to explore opportunities in international trade, in a bid to improve Ghana’s export trade.

The one-day Exporters Forum organised by CBG brought together representatives from the Ministry of Trade and Industry, Ghana Investment Promotion Centre (GIPC), Federation of Association of Ghanaian Exporters (FAGE) and Ghana Assorted Food Stuff Exporters Association (GAFEA).

The rest are the Ghana Root Crops and Tubers Exporters Union (GROCTEU), Vegetable Producers & Exporters Association (VEPEAG), Sea-Freight Pineapple Exporters of Ghana (SPEG) among others.

According to Mr Ndungu, the forum sought to foster relations and cooperation between CBG and exporters in the Ghanaian economy.