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 […]
A New Patriotic Party (NPP) stalwart, Gabby Asare Otchere-Darko, has been appointed the new chair of the Ghana hub of the Commonwealth Enterprise and Investment Council (CWEIC). CWEIC is a commercial, not-for-profit membership organisation with an official mandate from the Commonwealth Heads of Government to facilitate trade and investment throughout the 54 Commonwealth member nations. Otchere-Darko is one […]
Lack of proper means of transporting goods to countries in the sub-region by sea is becoming a hindrance to the African Continental Free Trade Agreement (AfCFTA). Industry players have expressed the need for government to provide reliable vessels that can aid in the transportation of goods to countries like Liberia, Gambia, Guinea, and many others. […]
The government has waived import duties on imported equipment, machines and raw materials for local manufacturing companies to enable them to become competitive in the global marketplace. Since 2017, the government has also reduced some taxes, and in some cases completely removed them, provided some critical infrastructure and simplified some trade procedures to boost local […]
Ghana and the United Kingdom (UK) on Thursday February 4 finalised an agreement that will provide duty-free and quota-free access for Ghana to the UK market and preferential tariff reductions for UK exporters. Ghana’s Trade Minister Alan Kyerematen in a tweet said “I am pleased that we have finalised a new Interim Ghana-UK Trade Partnership Agreement providing […]
