Avnash Industries Ghana Limited, an agro-industrial processing company has
been presented with Silver Award at the Africa Business Awards Ceremony
organised under the auspices of the Minister of Foreign Affairs and
The Award, which was organised by Top Brass Ghana, has been running
annually since 2004, and is aimed at recognising and celebrating the
contributions businesses make towards Ghana’s development through the
promotion of trade, investment and other economic relations with other
Expressing excitement after receiving the award on behalf of Avnash
Industries Ghana Limited, Mr David Adikah, Head of Marketing of the company
thanked the organisers for the recognition of the effort of Avnash
Industries and also complimented the efforts of the Ministry of Foreign
Affairs in their deliberate strategy in promoting intra African trade
through diplomacy. There cannot be a better time than now, he said.
Avnash Industries Ghana Limited is well known for its businesses in the
manufacturing of edible oil, rice, soaps, detergents and packaging and
branding of its products – including PET and hard plastic containers
moulding. The company established a rice-mill in Tamale with a capacity of
450mt per day. It is a fully automated mill of Buhler make, capable of
milling par-boiled and straight milled white and brown rice.
The Deputy Minister of Foreign Affairs and Regional Integration, Mohammed
Habibu Tijani speaking at the ceremony in Accra themed, “Accelerating
Ghana’s Economic Development through Increased Intra-African Trade and
Investment”, congratulated the company, for their hard work, which has
earned them the prestigious recognitions, adding that the recognitions
should spur them to greater heights.
He said the programme underscores the importance of intra-Africa trade and
investment in the development of Africa countries, particularly, Ghana.
“Unfortunately, when it comes to intra-African trade, generally, the
statistics do not look appealing. Trade among African countries currently
stands at about 16 percent, compared to 19 percent intra- regional trade in
Latin America, 51 percent in Asia, 54 percent in North America and 70
percent in Europe,” he said.
He called for the need to double efforts towards boosting trade amongst
African countries in order to increase the potential for achieving
sustainable economic development and deepening integration within the
Mr. Tijani added: “You will all agree with me that within the context of
the current global economy, the fortunes of African countries are linked
with trade and investment by business people from African countries in
their respective economies.
“It is in light of this, African leaders are now of the conviction that a
stronger and deeper regional integration will not only help promote
sustainable economic growth and development, but will also enhance Africa’s
effective participation in the global economy, thereby making our economies
less vulnerable to external shocks.
To achieve this, negotiations had been ongoing amongst Member States of the
AU since 2012 when the African Union conceived the idea to establish a
Continental Free Trade Area, which was finalised in March, 2018 with the
launch of the African Continental Free Trade Area at the 10th
Extraordinary Session of the Assembly of Heads of State and Government of
the African Union in Kigali, Rwanda, as one of the flagship projects of the
African Union’s Agenda 2063,”he stated.
As part of the strategies for boosting intra-Africa trade, investment and
regional integration, Ghana announced a major Foreign Policy decision in
2016 to allow all citizens of African Member States to be granted
visa-on-arrival in Ghana with effect from July 2016.
This, Mr. Tijani said is in addition to the free movement of persons, goods
and service already enjoyed by citizens of ECOWAS Member countries under
the protocol on Free Movement, Right of Residence and Establishment.
He encouraged Ghanaian businesses to take advantage of the ECOWAS Trade
Liberalisation Scheme (ETLS), which allows for products originating from
Member States to be exported free of Custom duties and other charges within
the sub-region, to further grow their businesses.
“I acknowledge that bottlenecks still exist, in spite of our quest to
intra-Africa trade and investments. The different levels of commitment and
implementation of the protocols on trade and investment by individual
Member State in case in point. The Ministry of Foreign Affairs and Regional
Integration continues to engage the ECOWAS Commission and other Member
States with a view to eliminating these impediments to boost trading among
“It is hoped that these challenges notwithstanding, Ghanaian business
operators, will be motivated to expand and take advantage of the growing
market on African Continent.