The Food and Beverages Association of Ghana (FABAG) says the proposed upward review of electricity tariffs by the Public Utilities Regulatory Commission (PURC) will cripple businesses, trigger job losses, and derail government’s 24-hour economy policy. In a strongly worded statement, the Association described the planned increases as “a recipe for disaster.” It said the business […]
President John Dramani Mahama has revealed that trade between Ghana and Singapore reached over US$215 million in 2024, and he is now targeting billion-dollar growth. Speaking at the opening of the 8th Africa–Singapore Business Forum in Singapore on Tuesday, he said Ghana is ready to deepen ties with Asia and scale up trade. “Ghana-Singapore trade […]
The Minority Caucus in Parliament has launched a scathing critique of the government’s failure to act decisively in response to the United States’ sudden imposition of a 10% tariff on Ghanaian exports. The Caucus is warning that the country risks being blindsided in an unfolding trade war due to poor prioritization of the African Continental […]
The African Continental Free Trade Area (AfCFTA) will this year launch a transit scheme for trucks moving along the Abidjan-Lagos corridor to deposit a guarantee bond to enable them to cross over to other countries. The initiative, according to the Secretary-General of the AfCFTA Secretariat, Wamkele Mene, is to reduce costs to the private sector. […]
The Standard Chartered Bank has projected that Africa’s total exports would reach $1 trillion by 2035, with a potential 29 per cent increase after the full implementation of the African Continental Free Trade Area (AfCFTA). This was revealed at the launch of a comprehensive report on the AfCFTA to empower businesses and stakeholders to take […]
Six hundred and fifty million people in Africa lack economic or physical access to sufficient food, the 2023 Africa Agriculture Status Report has revealed. This figure represents 50 per cent of the continent’s population. The report, which was launched at the Africa Food Systems Forum (AFSF) 2023 in Dar-es-Salam, Tanzania, has therefore called for a […]
The European Union (EU) has invested €120 million to boost the competitiveness of exports on the international market from Ghana and the other West African countries. In Ghana, over GH¢100 million has been injected into three main value chains, namely cassava, mango and pineapple, and cosmetics and personal care products. The investment in Ghana was […]
The government is rigorously working to pass a comprehensive Consumer Protection Bill to bolster consumer protection regime in Ghana, the caretaker Minister of Trade and Industry, Samuel Jinapor, has told Parliament. The overarching object of the bill is to protect, secure and defend the rights of consumers through a structured institutional mechanism and legal framework […]
President Nana Addo Dankwa Akufo-Addo has called on African nations to collaborate and institute stringent measures to stem the disturbing annual illicit outflows of $88 billion from the continent. He said stern attention was required to arrest the situation immediately because the phenomenon was depriving Africa of significant resources that could be used to support […]
The 2023 Annual New Year School and Conference has ended in Accra with a call on the Ministry of Finance to develop a differential interest rate structure for businesses under the African Continental Free Trade Area (AfCFTA). Participants in the 74th edition of the conference recommended that the ministry work with the Bank of Ghana […]
Ghana has issued its first certificate of full commercial trading to a ceramic tiles production company to export its products under the African Continental Free Trade Area (AfCFTA) Guided Trade initiative. In the same vein, the Customs Division of the Ghana Revenue Authority (GRA) has received the first consignment of goods under the initiative from […]
The African Continental Free Trade Area (AfCFTA) agreement has made a major breakthrough, as its Council of Ministers has now agreed on a criteria to determine the origin of 88 per cent of all products on the tariff books across the continent. Technically known as the Rules of Origin, it is the level of value […]
