Saturday, July 18

Countries

US-Ghana Trade Relations: Symbiotic or exploitative? www.theexchange.africa

Many exports from Ghana to the US benefit from duty-free tariff preferences under the American Growth and Opportunity Act (AGOA) and the Generalized System of Preferences (GSP) programme. Exports from Ghana to the US that have enjoyed AGOA preferences include yams, apparel and cocoa (beans, powder or paste).

Ghana has exported US$131 million worth of yams to the US since 2012, avoiding a standard import duty of 6.4 per cent under AGOA. Cocoa exported to the US has amounted to US$2.5 billion over the last two decades.

Miss Rosa Whitaker, the President and the CEO of the Whitaker Group (TWG), is significant to the success of AGOA in Africa, facilitating the export of over 9,000 agricultural and manufactured goods to the United States.

Whitaker advocates for African countries to research what the US market is demanding and be alert to new opportunities. She pointed out the success of Ghana’s cocoa in the United States, saying that the processed cocoa powder manufactured at the US$100 million Cargill plant is now being offered to global food manufacturers under a made-in-Ghana label.

www.theexchange.africa

President Kenyatta’s message was conveyed in a recorded video statement delivered on Wednesday evening during a virtual Inter-Congolese Peace Dialogue convened by Kenya.

The Head of State pointed out that the value of peace is unique and uncontested, adding that nothing enduring can be built on the shifty soils of insecurity.

“The historical call to be our brothers’ keepers is a bell that has been tolling and to which Kenya always keeps responding. We will not relent in your pursuit of peace for prosperity. This is why we reached out to you, our brothers, our sisters of the DRC,” President Kenyatta said.

🚀 Stay Ahead. Join Our WhatsApp Channel
The Exchange Africa News WhatsApp channel
Enable Notifications OK No thanks