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19.12.2008 Business & Finance

EDIF To Assist Handicraft Exporters

By Daily Graphic
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The Export Development and Investment Fund (EDIF) has moved in swiftly to help reverse the falling trend of receipts from handicraft with a sensitisation workshop for exporters.

About 80 stakeholders in the export of handicraft, took part in the workshop to address the challenges, threats and opportunities in the seater so as to fashion out strategies to  enhance the performance of the sector.

Receipts from handicraft exports had been rising since 2000, when it increased from GH¢4.98 million to GH¢14.89 million in 2001.

The acting Chief Executive of EDIF, Mr K. M. Nkrumah, told the Daily Graphic after the workshop held at Aburi, in the Eastern Region that, there was the need for Ghana to regain its market share in the handicraft trade.

“The aim of the workshop was to identify strategies needed to build, regain and sustain our market position in exporting handicrafts,” he stated.

The Executive Secretary of the Ghana Export Promotion Council (GEPC), Mr Edward Collins Boateng, who is also a member of the EDIF Board, was optimistic that the workshop would produce answers to enable Ghana to find its place in the handicraft market. 

The five working groups, which discussed the strategies and way forward suggested among other things that awareness should be created locally for an increased domestic use of handicraft.

The groups also called for more training for credit managers and staff of financial institutions to enable them to understand the industry better, so as to design better products and administer credits faster.

The Chairman of the EDIF Board, Dr Anthony Ossei, gave the assurance that EDIF will continue to support small and medium scale enterprises which form the bulk of the handicraft industry.

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