Audio By Carbonatix
For Ghanaian exporters partaking of the 2019 Africa Growth and Opportunity Act (AGOA) in New York, USA, the various business sessions and presentations had on doing business in the USA remains priceless.
Organizer of the event, Severin Coulibaly, CEO of the Biziness Group LLC exposed them to key rules and regulations any Ghanaian exporter or business must consider before venturing the US market.
Here are his four rules:
- Lack of knowledge: “Many African and Ghanaian businesses do not know the realities here. In the USA, you have to follow US regulations. Unfortunately, most companies have no clue what the US trade laws require whether it has to do with the FDA or immigration.
- Non-availability of Certification: Before having your product on the shelves of any US market, you must have the required certification that shows you have the go-ahead to do business. Many businesses just jump onto the plane to the US only to get disappointed by US authorities. Without certification from the FDA, EPA or any other US authority, there is no way you can survive, let alone establish in the US market.
- Poor record keeping: Any US investor will want to investigate how much data you have collated regarding your market size, reach, business model and general progress. Let’s face it, Ghanaian and African businesses are doing great but when it comes to good record keeping, most of them fall out in the face of US investors.
- Not adding an international touch: A customer from Ghana is not the same as a customer in the US. Trends change by the split of a second. The US market is a sophisticated one and my Ghanaian and African friends must know this. A product doing great in Accra, Ghana might not survive in the USA or Europe because of consumer preference change. I’m not saying you must change your product entirely. But adding the required international touch is critical.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Ofori-Atta has hired top U.S. lawyers to defend him against extradition request – AG reveals
2 minutes -
EOCO exceeds GH¢200m target, recovers record GH¢337.4m in 2025 – Dominic Ayine
13 minutes -
‘Nite with the Stars’ to shake Kumasi with electrifying music performances on Christmas Day
16 minutes -
KsTU constitutes panel to review GTEC directive, VC qualification petition
26 minutes -
Ghana recovers over $15m from international crypto fraud syndicate – Attorney General
42 minutes -
Ghana to receive 300 new ISUZU buses to boost public transport, deputy transport minister confirms
43 minutes -
AG formally requests extradition of Ofori-Atta, Ernest Akore to face charges
1 hour -
Ofori-Atta’s return to face justice now in US hands, says Ayine
1 hour -
Asenso-Boakye backs Accra–Kumasi Expressway but urges caution on the process
1 hour -
EU leaders face crunch decision on loaning Russia’s frozen cash to Ukraine
1 hour -
JoyBusiness Review 2025: GoldBod a ‘game changer’ for Ghana’s economy – Dalex Finance CEO
1 hour -
JoyBusiness Review 2025: Praise for GoldBod is premature without answers on illegal gold – Tax Consultant
1 hour -
UniMAC, AKUNA sign MoU to deliver hands on industry training for students
2 hours -
‘The Gods Are Not To Blame’ returns in tribute to theatre legend Mawuli Semevo
2 hours -
Ghana’s economy must transition from stability to growth in 2026 – Joe Jackson
2 hours
