Ghana-US Trade Hub Outdoored

Heritage Securities Limited (HSL), in Partnership with the United States Friendship and Economic Development (FED) Group, launched the Ghana-US Trade Hub.

This is to provide services including advisory, consulting, facilitation of trade, project and commerce development and financing to non-US public and private companies interested in doing business with US companies.

Speaking at the launch, Mr. Gideon Quist, Executive Chairman of Heritage Security Limited, said the Trade Hub would provide facilitation services for companies seeking to trade with the United States.

He added that clients could walk in and apply for trade finance, project finance and anything that had to do with the US financing of trade and business project.

Financing of projects in Ghana, he said, was difficult due to the huge amount involved, and further stated that the challenge would be addressed with the Trade Hub as it would bring in revenue.

“We are looking at project financing at any amount you can think of; the cost of borrowing from the US is also low and that gives the businessmen the advantage of low interest on how much they invest in the business,” he stressed.

The Director of HSL, Mr. Edward Kuffuor, on his part said the Hub would help facilitate the growth of small businesses through their services, which include matching businesses with prospective investors in the US to drive the economy and provide jobs.

According to him, the economy would grow if entrepreneurs and small businesses are fostered, encouraged and provided with an environment where they can grow.

“Trade Hub would also address some of the issues that often came when start-ups and entrepreneurs tried to access finances as it would ensure that their ideas and projects were viable and link them to the appropriate investors,” he mentioned.

Currently, Heritage Securities Limited is looking at financing Celltel, to the tune of $300 million.

They however refused to disclose the names of other clients they are financing when the media requested.

By: Emmanuel Yeboah Britwum/thePublisher