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
-
Mövenpick Ambassador Hotel will deepen community engagement as it marks 15 years – General Manager
4 minutes -
Mad rush for GH¢15 KFC deal as massive queues hit branches nationwide
13 minutes -
Firefighters contain raging fire at Labadi Wireless
22 minutes -
Photos: Police engage religious leaders at National Police Headquarters
33 minutes -
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
1 hour -
ECG announces power outages in parts of Accra West and Central regions
1 hour -
Otumfuo calls for urgent action to end maternal deaths in Ghana
2 hours -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates Â
2 hours -
Jason Arday death ‘tragedy on so many levels’ says PM
3 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
3 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
3 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
4 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
4 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours