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New AGI President calls for affordable power, credit to drive industrial growth

Newly sworn-in President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has charged the government to prioritise, among other things, efforts at reducing the cost of electricity and the cost of credit to Ghanaian businesses. According to him, the affordability of the two wou... ...

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DTI Signs MoU with GSA to improve SMEs Products And Service Delivery

The Design and Technology Institute (DTI), Ghana’s first privately accredited TVET institution, has signed a Memorandum of Understanding (MoU) with the Ghana Standards Authority (GSA) to collaborate in developing standards and practice guidelines to improve Small and Medium Scale Enterprises, especi... ...

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Manufacturers now have a market of 1.2billion people due to AfCFTA – Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has said that the implementation of the African Continental Free Trade Area (AfCFTA) is providing a market with 1.2billion population to manufacturers, traders, and producers. Mr Akufo-Addo told the CBCNAfrica after he was named the African of the Year by Forbe... ...

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IATF 2021: Experts say African Economies need strong industrial value chains for AfCFTA

ed for African countries to focus on growing their manufacturing sectors to boost the contribution of regional value chains to intra-Africa trade.AfCFTA presents huge opportunities for insurance industry – Commissioner of Insurance “We need to start with the manufacturing sector and develop an indu... ...

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AfCFTA: ‘The Africa we want is one we must work for’ – Herbert Krapa

The Deputy Minister for Trade and Industry, responsible for International Trade and Export Trade, Herbert Krapa has charged Africans to own AfCFTA and work together towards the fruition of the initiative as the surest way to securing the maximum gains of AfCFTA.Benefiting from AfCFTA comes with a lo... ...

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It Would Be A Terrible Mistake To Introduce New Taxes-GUTA To Govt

Economist and senior lecturer at the University of Ghana Business School (UGBS), Professor Lord Mensah, has agreed with a survey report presented by Klynveld Peat Marwick Goerdeler (KPMG), which engenders support for Small and Medium Entrepreneurs (SMEs) in Ghana. KPMG suggested the upcoming 2022 G... ...

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SMEs wants gov’t to renew focus on sector in 2022 budget

Players in the SMEs sector want the government to refocus on strengthening the enabling environment for small enterprises to thrive. Executive Vice President of the African Centre for Economic Transformation (ACET), Mavis Owusu-Gyamfi, told the B&FT that such an enabling environment must not focus... ...

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Job creation demands strong industrial, export capacity – Trade Minister

The most sustainable solution to the age-long problem of unemployment in the country lies in the collective ability to industrialise and expand the nation’s export capacity, Trade and Industry Minister, Alan Kyeremanten has said. “Focusing on exports is important because it allows for the expansion... ...

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KPMG’s call to support the growth of SMEs possible – Economist

Economist and senior lecturer at the University of Ghana Business School (UGBS), Professor Lord Mensah, has agreed with a survey report presented by Klynveld Peat Marwick Goerdeler (KPMG), which engenders support for Small and Medium Entrepreneurs (SMEs) in Ghana. KPMG suggested the upcoming 2022 G... ...

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AfCFTA presents huge opportunities for insurance industry – Commissioner of Insurance

The Commissioner of Insurance, Justice Ofori, has tasked insurance companies to strategize and position themselves to take advantage of the African Continental Free Trade Area (AfCFTA) framework to build a resilient industry. He said AfCFTA was the biggest trade agreement in the world and the insur... ...

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Tobinco calls for massive state support for indigenous businesses

Group Chairman for the Tobinco Group of Companies, Elder Nana Samuel Amo Tobbin 1, has called on successive governments to eschew partisan politics and support indigenous Ghanaian entrepreneurs. He noted that the country has gotten to a stage where successive governments need to eschew partisan pol... ...

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Parliament approves tax waivers for companies under 1D1F

Parliament has today, Wednesday, November 3, 2021, granted tax exemptions totalling Eleven Million, Four Hundred And Forty-One Thousand, Six Hundred and Thirty-Eight United States Dollars and Thirty-Two Cents (USD 11,441,638.32) to B5 Plus Limited under Government’s One District One Factory (1D1F) I... ...

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Ghana Shippers Authority engages stakeholders on AfCFTA

Ghana Shippers Authority has organized a forum for importers, exporters, and key stakeholders to address challenges in the sector for the benefit of their businesses. It was also to educate shippers on developments in the international trading scene, and to equip them to be more competitive on the... ...

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AfDB and AfCFTA Secretariat partner to stimulate industry

African Development Bank Group President, Dr Akinwumi A. Adesina, says the Bank will mainstream the African Continental Free Trade Area into its country and regional integration strategies. Receiving African Continental Free Trade Area (AfCTA) Secretary-General Wamkele Mene, in Abidjan on 29 Octobe... ...

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Africa must close its science and technology gap to take full advantage of AfCFTA – Gurib-Fakim

Professor Ameenah Gurib-Fakim, the former President of Mauritius and Laureate of the 2007 L’Oréal-UNESCO Prize for Women in Science, delivered a trenchant address at the African Export-Import Bank’s (Afreximbank) fifth annual Babacar Ndiaye Lecture on “the importance of science, technology, and inno... ...

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Creating partnerships, key to achieving AfCFTA – Ken Ofori-Atta

Mr Ken Ofori-Atta, Minister of Finance, says Africans must come together and seize the opportunity to create partnerships that will make the Africa Continental Free Trade Area (AfCFTA) work. That, he said, was necessary because the COVID-19 pandemic had taught Africa that its economic prospects hin... ...

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Four new vehicle assembling plants to be commissioned in Ghana – Trade Ministry

The Ministry of Trade and Industry has revealed the government is expected to soon commission four new vehicle assembling plants. The move according to the deputy trade minister, Ama Dokua Asiamah-Adjei, will position Ghana as a car manufacturing hub in West Africa under the Home-Grown Automotive p... ...

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2022 budget will focus on job creation initiatives for Ghanaian youth – Ofori-Atta to new graduates

Finance Minister, Ken Ofori-Atta has assured new graduates from the University of Professional Studies, Accra (UPSA) and all Ghanaian youth across the country that the next budget statement of the government will prioritize programmes that will support and create youth-focused jobs. He said the gov... ...

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Banks to begin accepting ‘Ghana Card’ for transactions from January 2022 – NIA

Banks operating in the country will be accepting the Ghana Card for transactions beginning January 2022, a Graphic Online report has said. The development, according to the National Identification Authority, comes after the verification platform has been built to enable all financial institutions t... ...

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GSE assures market of digital tools for trading

With a rise of a tech-savvy generation, the Deputy Managing Director of the Ghana Stock Exchange (GSE), Abena Amoah, has assured investors of additional digital trading platforms that will allow easy access to the stock market by the end of this year.

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JoyNews uncovers how GRA staff aid businesses bidding for contracts to circumvent processes

JoyNews investigations have uncovered how some staff of the Ghana Revenue Authority aid businesses bidding for contracts to circumvent laid down procedures in the acquisition tax clearance certificates for them. With a paltry sum of ¢1,500 officials are able to forge tax records for newly created c... ...

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FDA boss backs MSMEs to compete in AfCFTA

Products from local micro, small and medium enterprises (MSMEs) can compete strongly with products from other countries in the African Continental Free Trade Area (AfCFTA), but MSMEs will need more support from bigger firms to grow, CEO of the Food and Drugs Authority, Delese A. Darko, has said.

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Ghana’s ports well-positioned to be gateway for trade in the subregion – Isaac Osei

The Board Chairman of the Ghana Ports and Harbours Authority, Mr. Isaac Osei, has stated that Ghana’s Ports are well-positioned not only to be the gateway to trade in the subregion but also as transit points for landlocked countries. This, according to him, is a result of the fact that other countr... ...

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Kadodo Africa team lead Tsonam Akpeloo re-elected as Accra AGI Chairman

Association of Ghana Industries (AGI) has re-elected Suku Technologies CEO Tsonam Cleanse Akpeloo as chairman for the Greater Accra Region. This was at the Annual General Meeting (AGM) of the chapter held in Accra on Tuesday October 5, 2021.

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Implementation of PAPSS to save Africa US$5bn in transaction cost annually

The operational rollout and full implementation of the Pan-African Payment and Settlement System (PAPSS) is expected to save the continent more than US$5billion in payment transaction costs each year. PAPSS will serve as a continent-wide platform for the processing, clearing and settling of intra-A... ...

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Dubai eyes Ghana as next investment frontier

Ghana is fast emerging as a preferred market for Dubai-based companies that are looking to expand their presence into Africa and tap into new investment opportunities. A number of factors have been fueling this trend, such as ongoing efforts by the Ghanaian government to open up various sectors of... ...

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TUC fears trade capture under AfCFTA by EU, others

The Trade Union Congress (TUC) of Ghana, along with some of its peers from across the continent, has cast aspersions on the intended tariff-elimination goal of the African Continental Free Trade Area (AfCFTA), saying it will inadvertently lead to ‘trade capture’ by other economic bodies which have t... ...

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Absence of enforceable data protection laws under AfCFTA ‘concerning’ – Cybersecurity Expert

The absence of common enforceable data protection laws or regulations applicable across the continent is ‘alarming’, owing to the sheer volume of data that would be exposed to possible misuse, hacks, and threats, cyber security expert and Chief Executive Officer at Slamm Technologies, Samuel Boateng... ...

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Africa needs effective functioning of RECs to achieve desired outcomes of AfCFTA

Vice President Dr Mahamudu Bawumia says Africa needs the effective functioning of the Regional Economic Communities (RECs) if the African Continental Free Trade Area (AfCFTA) is to achieve the desired outcomes. He said the outcomes would include enhanced intra-African trade, economic transformation... ...

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Bank of Ghana pledges heightened financial sector vigilance under AfCFTA

With financial systems across the continent set for increased integration under the African Continental Free Trade Area (AfCFTA), domestic industry watchdog the Bank of Ghana will heighten its monitoring of developments in the trade area and put measures in place to ensure local financial institutio... ...

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Benefits under AfCFTA meaningless without local incentives

It is crucial for the government to provide the required incentives to allow local and small processors to enable them to enter and trade in the African Continental Free Trade Area, Head of Agricultural Trade and Value Chains at AfCFTA Secretariat, Dr Komla Bissi has said.

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AGI members encouraged to have good governance systems

Seth Twum Akwaboah, the Chief Executive Officer of the Association of Ghana Industry (AGI), has called on members to develop proper governance structures to enable them benefit from the various interventions the Association was offering. He said some members had lost out on many international agenc... ...

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Take advantage of innovations in fintech industry – Second Deputy Governor urges entrepreneurs

The Second Deputy Governor of the Bank of Ghana (BoG), Elsie Addo Awadzi, has urged women entrepreneurs in the technology space to take advantage of innovations in the country’s budding fintech industry to scale up their businesses. She said the sector provided many opportunities they could explore... ...

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AfCFTA is a timely opportunity to deepen intra-Africa trade – Siaw-Boateng

Ghana’s Ambassador to Belgium, Sena Siaw-Boateng, has reiterated the vast opportunities that the African Continental Free Trade Area (AfCFTA) provides for businesses within African countries. Speaking during the ‘Doing Business in Ghana Series 2021’ webinar organized by the Embassy of Ghana in Brus... ...

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US investors must partner locals to explore gains from AfCFTA — US Ambassador

The United States Ambassador to Ghana, Stephanie Sullivan, has urged American investors seeking to do business in Africa to partner Ghanaian entrepreneurs to explore opportunities of the African Continental Free Trade Area (AfCFTA). According to her, the opportunities provided by implementation of... ...

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AfCFTA Secretariat signs landmark agreement with UK Government

The African Continental Free Trade Area (AfCFTA) Secretariat has signed a Memorandum of Understanding (MoU) with the United Kingdom (UK) Government to formalise shared commitment to the success of the agreement. A statement issued by the UK High Commission in Accra, copied to the Ghana News Agency,... ...

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Experts call for development of transport systems to realize benefits of AfCFTA

Africa has been opened up for free trading, since the beginning of 2021, with the introduction of the African Continental Free Trade Area, but experts believe much is left to be desired in terms of the readiness of countries to trade effectively within the single continental market.

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The leadership of GITFIC holds discussions with Muchanga

The leadership of the Ghana International Trade and Finance Conference (GITFIC) took advantage of the visit of Mr. Albert Muchanga, Commissioner for Economic Development, Trade, Industry, and Mining – African Union to discuss pertinent issues of development. The commissioner was in the country to h... ...

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Target SMEs with competitive advantage in AfCFTA sensitisation – Expert

For sensitization efforts on the opportunities presented by the Africa Continental Free Trade Area (AfCFTA) to reap tangible benefits, there is a need to streamline information and target Small and Medium-Sized Enterprises (SMEs) which operate in areas where the nation holds a competitive advantage... ...

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How can AfCFTA contribute to the achievement of the 2030 Agenda for Sustainable Development?

AfCFTA is a flagship project of Agenda 2063 of the African Union — Africa’s own development vision. It was approved by the African Union Summit as an urgent initiative whose immediate implementation would provide quick wins, impact on socioeconomic development and enhance confidence and the commitme... ...

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Economist proposes Cryptocurrency as reasonable alternative to single trade currency under AfCFTA

A Research and Development Economist based in Nigeria, Gospel Obele, has called for a unified regulatory mechanism for cryptocurrency trading. This, he says, could complement an African digital currency if well implemented. As the volume of cryptocurrency transactions burst in the Sub-Region, resp... ...

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Saudi businesses asked to take advantage of AfCFTA opportunities in Ghana

Alhaji Mohammed Habib Tijani, Ghana’s Ambassador to Saudi Arabia, has asked businesses in the oil-rich Kingdom to take advantage of the African Continental Free Trade Area (AfCFTA) to invest in Ghana. He said Ghana was a safe and profitable destination for doing business in Africa and that taking u... ...

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Government rallies local insurers for AfCFTA business

Government is working with the Ghana Reinsurance Commission and other insurance firms to offer sustainable support to shippers seeking to take advantage of the African Continental Free Trade Area (AfCFTA), Anthony Nyame-Baafi, Technical Advisor on Multilateral, Regional and Bilateral Trade at the Mi... ...

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Prof. Quaynor wants AfCFTA to consider cryptocurrencies in digitisation drive

According to him, Africa loses billions from intra-regional trading in foreign currency, and he believes adopting an African Union coin to fund Africa’s Agenda 2063 will revolutionise the continent’s trading activities.

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We need standards to govern e-commerce under AfCFTA — Prof. Dodoo

Director-General of the Ghana Standards Authority, Professor Alex Dodoo, has said that e-commerce, under the African Continental Free Trade Area (AfCFTA), must be governed by standards. As such, he said, there was the need for the development and implementation of the technical regulations of such... ...

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AfCFTA cannot fail under Ghana’s watch so get involved -Gov’t to private sector

The government has hinted that, with Ghana hosting the Secretariat of the African Continental Free Trade Area, there is no option but ensure that the AfCFTA does not fail and has called on the private sector to embrace AfCFTA from how far government has brought it.

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AWTN, AfCFTA Secretariat sign partnership

Africa World Trade Network (AWTN), Africa Continental Free Trade Area (AfCFTA) Secretariat sign partnership to boost intra-regional trade and investment Accra, 24 August 2021: The Africa World Trade Network (AWTN) has partnered the Africa Continental Free Trade Area (AfCFTA) Secretariat to accelera... ...

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Expected benefits for women under AfCFTA should be real

The implementation of the African Continental Free Trade Area (AfCFTA) must be accompanied by policies supported by Regional Economies to ensure the inclusion of women and youth. AfCFTA in the Futures Report, “Making the AfCFTA Work for Women and Youth,” said the implementation should also improve... ...

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Only 25% of agribusinesses know about AfCFTA

Although the African Continental Free Trade Area (AfCFTA) agreement is the largest free trade area since the establishment of the World Trade Organisation (WTO) and is worth US$3.4trillion, only a few firms in Ghana are aware of the agreement. For instance, per research conducted by the Ghana Stat... ...

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Experts demand digital solutions ‘designed by Africa, for Africa’ to drive AfCFTA

For the African Continental Free Trade Area (AfCFTA) to see true prosperity, there is a need for stakeholders on the continent to devise digital solutions “designed by Africa and used by Africa”. This was the principal takeaway from the array of experts who shared thoughts at the maiden edition of... ...

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Speed up operationalization of AfCFTA and ECOWAS payment platforms – Dr. Asenso

Head of Macroeconomic Research Studies at the ECOWAS Bank for Investment and Development (EBID), Dr. Joseph Kwadwo Asenso, has called for speed in operationalizing the payment platform under the African Continental Free Trade Area (AfCFTA) and ECOWAS Payment and Settlement System (EPSS). Currently,... ...

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US investors to explore opportunities in AfCFTA

The Executive Director of Nuclear Power Ghana, Dr. Stephen Yamoah, has said that Ghana’s quest to add nuclear power to its energy mix could not have come at a better time; since the African Continental Free Trade Area (AfCFTA) has pushed governments to prioritize industrialization, and a critical fe... ...

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Businesses must improve internal processes to benefit from AfCFTA

Businesses need to focus and improve internal processes to benefit from the African Continental Free Trade Area (AfCFTA), Mr Emmanuel Antwi-Darkwa, Chief Executive Volta River Authority (VRA), has said. He said to unlock the potential for economic transformation, it was imperative that local busine... ...

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State parties under AfCFTA urged to formulate policies to regulate digital currency regime

The Ghana International Trade and Finance Conference (GITFiC) has called on State parties under the Africa Continental Free Trade Area (AfCFTA) Agreement to formulate policies for the regulation of the digital currency regime.

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Nuclear power would accelerate AfCFTA prospects – NPG Executive Director

The Executive Director of Nuclear Power Ghana, Dr. Stephen Yamoah, has said that Ghana’s quest to add nuclear power to its energy mix could not have come at a better time; since the African Continental Free Trade Area (AfCFTA) has pushed governments to prioritize industrialization, and a critical fe... ...

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iEPA amidst AfCFTA will offer economy competitive advantage – Economist

Contrary to concerns that the coming into force of the interim Economic Partnership Agreement (iEPA) between Ghana and the EU may affect the country’s commitment to the African Continental Free Trade Area (AfCFTA), an economics professor at the University of Ghana, Peter Quartey, says it rather give... ...

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GNPC’s acquisition of two oil blocks to create 10,000 jobs for Ghanaians – Energy Minister

Government’s quest to acquire two stakes in the offshore oil fields is expected to create some 10,000 jobs for Ghanaians in the oil and gas sector, Energy Minister Dr. Matthew Opoku Prempeh has said. This comes following government’s initiation of the process to acquire a 37% stake in Deep Water Ta... ...

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GNCCI inaugurates 15-member team to lead trade sectors

The Ghana National Chamber of Commerce and Industry (GNCCI) has inaugurated a 15-member committee to head trade sections of the Chamber to provide leadership and policy directives. The trade sector leaders will be working with the National Executives of the Chamber in providing policy direction and... ...

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GITFiC calls for solutions to trade challenges under AfCFTA

Ghana International Trade and Finance Conference (GITFiC) has called on the government, the private sector, and stakeholders to work together to fast-track regional integration. This, they said, could be done by addressing trade challenges under the African Continental Free Trade Agreement (AfCFTA)... ...

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Device Strategies to finance businesses to grow towards AfCFTA – AGI

Tsonam Cleanse Akpeloo, Accra Regional Chairman, Association of Ghana Industries, has called for strategies to help find pathways to grow businesses towards the Africa Continental Free Trade Area Agreement (AfCFTA). He said the Association believed that the challenge of the industry currently was... ...

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Maiden AfCFTA-Angola business forum held in Accra

The maiden African Continental Free Trade Area (AfCFTA) – Angola Business Investment Forum, has been organised in Accra to expland bilateral businesses. The event forms part of activities marking the three-day official visit of President João Manuel Gonçalves Lourenço of Angola to Ghana.

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AfCFTA provides platform for Africa’s post-COVID-19 economic recovery – Trade Minister

Alan Kyerematen, the Minister of Trade and Industry, has reiterated that the African Continental Free Trade Area (AfCFTA), will provide a unique platform to guide Africa’s post-COVID-19 economic recovery effort. Mr Kyerematen said this in his address at the maiden AfCFTA – Angola Business Investmen... ...

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Africa is open for business – AfCFTA boss declares

Secretary General of the AfCFTA Secretariat, Mr. Wamkele Mene has urged the business community to see Africa’s unmet needs as opportunities for entrepreneurship. “Of course, there are challenges; but I urge you to see the challenges as a spur for innovation,” he said on Tuesday. He was addressing... ...

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AfCFTA Secretariat highlights business opportunities at 1st Business Investment Forum

Secretary-General of the Continental Free Trade Area (AfCFTA), Wamkele Mene has emphasized that Africa is open for business and the business potential of the continent is tremendous in various sectors, including agriculture, energy, infrastructure, natural resources, and information and communicatio... ...

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Fintechs, SMEs and digitization in Africa – Ghana leads the charge

Three leading Ghanaian fintechs; Hubtel, ExpressPay and IT Consortium joined forces to build Ghana government’s portal https://www.ghana.gov.gh – a digital services and payment platform for Small Medium Enterprises (SMEs), Startups and citizens to access government services at the click of a button.... ...

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Retain jobs with GHȼ1bn Stimulus package – NBSSI

The National Board for Small Scale Industries (NBSSI), has said that, one of the major goals of the GHȼ1 billion stimulus package, is to afford businesses the opportunity to retain their Human Resource as a means to help government reduce the number of layoffs that may ensue due to COVID-19 economic... ...

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Harmonised trade policy key to implementing AfCFTA

The Ghana International Investment Trade and Finance Conference (GITFiC) has advocated the urgent implementation of harmonised trade finance policy reforms across the Continent for effective implementation of the African Continental Free Trade Area (AfCFTA). The Chief Executive Officer of GITFiC, S... ...

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Current structure of AfCFTA payment platform can delay process – Bawumia

The Vice President, Dr. Mahamudu Bawumia, has said the current system adopted by the Pan African Payment and Settlement System (PAPSS) – wherein individual financial institutions are told to integrate directly into it – is inefficient and likely to impede trade. For him, it would be better and more... ...

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AfCTA Opportunity: Ghanaian women entrepreneurs urged to be innovative

Madam Roslyn Ngeno, Senior Investment Expert, African Continental Free Trade Area (AfCTA) has urged Ghanaian women entrepreneurs to venture into technical oriented fields to pioneer innovation and be competitive in the free trade market. She asked them to add value to products and position them in... ...

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Lack of collaboration in AfCFTA will retard Africa’s recovery – Bawumia

Vice President Dr. Mahamadou Bawumia has emphasised the need for member-countries participating in the continental trade pact to collaborate and integrate, as a lack of that will retard any progress governments are making to recover their respective economies from the pandemic.

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Acquaint yourself with French for AfCFTA job opportunities – Prez tells youth

President Nana Addo Dankwa Akufo-Addo has counselled the youth to, as a matter of necessity, acquaint themselves with the French language to be able to secure good jobs across the continent with the onset of the African Continental Free Trade Area (AfCFTA).

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Africa not too fragmented for AfCFTA to work – GITFiC

To assume that elements of fragmentation across the continent would not threaten the successful running of AfCFTA, especially in its nascent stage, would be narrow-minded but these challenges are not insurmountable and outstanding impediments will crumble progressively, as the socio-economic benefit... ...

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Industry subsidising residential power must stop – AGI to government

The Association of Ghana Industry (AGI) has begun a fresh push for government to consider their persistent call for industry and corporates to stop subsidising electricity for residential users. According to the AGI, this may be the umpteenth time they are making this call; but with commencement of... ...

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Re-double resolve for economic integration – Wamkele Mene

Secretary-General of the African Continental Free Trade Area (AfCFTA) Secretariat Wamkele Mene has called on African leaders to re-double their resolve to forge ahead with economic integration of the continent. According to the Secretary-General much work remains ahead in the implementation of the... ...

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AZA Finance webinar focuses on need for local currency settlements for AfCFTA’s success

The cost and ease of cross-border payments, particularly local currency settlements, will play a crucial role in success for the African Continental Free Trade Area (AfCFTA) and as a consequence have a bearing on rates of recovery from the COVID-19 pandemic for countries in the region.

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AfCFTA member states must automate systems for smooth trade – IT and trade experts

Countries participating in the African Continental Free Trade Area (AfCFTA) agreement must ensure they have all automated their systems in order to deal with trade barriers and issues of dumping to make the establishment of the bloc successful, technology and trade experts have advised.

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New startups should focus on AfCFTA from inception

The Rwanda Ambassador to Ghana, Dr. Aisa Kirabo Kacyira, has issued a word of advice to new startup businesses: that they be focused on penetrating the Africa Continental Area (AfCFTA) right from inception. According to her, with this in mind startups will be able to develop products and services w... ...

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AfCFTA implementation could cause tax leaks – Expert

Government has been cautioned to critically assess the adverse impact the African Continental Free Trade Area (AfCFTA) may have on revenues, particularly Value Added Tax (VAT), Import Duty and Income Tax. One critical action plan for the success of the treaty is to create a single market to progres... ...

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Registrar General advises young entrepreneurs to go into partnerships

• The Registrar General has urged young entrepreneurs to form a partnership business • Jemima Oware said through that, parties can exchange ideas that could help the business grow • More than 300,000 companies have been confirmed as dead companies in the register of the Registrar General’s Departm... ...

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Ghana Enterprises Agency sensitizes MSMEs on pension

The Ghana Enterprises Agency (GEA) has organized a sensitization workshop to drum home the importance of buying a pension plan as a Micro Small and Medium Enterprise (MSME). According to the GEA, interaction with MSMEs who constitute its core stakeholders has revealed that pensions are far from the... ...

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Africa-wide adoption of digitisation crucial to AfCFTA’s success – Expert

For the African Continental Free Trade Area (AfCFTA) to achieve its main objectives of creating a single market for goods and services, promote industrial development and sustainable and inclusive socio-economic growth, African governments have been advised to embrace digitisation heavily.

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Africa Shippers Council, AfCFTA partner to grow trade

The Union of African Shippers’ Councils (UASC) and the Africa Continental Free Trade Area (AfCFTA) have signed a Memorandum of Understanding (MoU) to help facilitate the movement of goods on the continent in a quicker manner. The MoU seeks to set the legal framework which binds both parties to suppo... ...

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AfCFTA refocuses global investment attention on Africa – Wamkele Mene

Secretary-General of the AfCFTA, Wamkele Mene, has said commencement of the Africa Continental Free Trade Area (AfCFTA) has spurred global investment attention on the continent, and has called on Africans in the diaspora to position themselves to benefit from the opportunity as well as aid economic... ...

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AfCFTA establishes Dispute Settlement Body

The African Continental Free Trade Area (AfCFTA) has established and operationalized a Dispute Settlement Body under the dispute settlement protocol. The AfCFTA Dispute Settlement Body Protocol has been carefully negotiated by member states, following comprehensive consultations to ensure a full en... ...

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Tourism sector is key to implementation of AfCFTA – Chamber for Tourism

The Chamber for Tourism Industry Ghana has stated that the sector is instrumental in the implementation of the African Continental Free Trade Area (AFCFTA) agreement. Chief Executive Officer of the Chamber, Prince Ntiamoah Boampong stressed that “One of the sectors that will play a major role in th... ...

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US companies in Ghana to leverage AfCFTA

To commemorate the independence anniversary of the United States of America (USA) on July 4, the American Chamber of Commerce (AMCHAM) Ghana has organised a special supplement to commemorate the day on the theme: “Shared Prosperity: Progress beyond COVID-19 pandemic.” As part of the supplement, the... ...

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iEPA won’t negatively affect AfCFTA prospects – EU Ambassador

Rather an opportunity for manufacturing sector. Head of the European Union Mission to Ghana, Ambassador Diana Acconcia, has debunked assertions that the coming into force of the interim Economic Partnership Agreement (EPA) with Ghana will undermine the purpose of the African Continental Free Trade... ...

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Adoption of e-commerce by businesses critical for AfCFTA progress – Ababio Dankwaq

Ghanaian businesses have been inspired to go into electronic commerce to take advantage of the numerous opportunities brought by the Africa Continental Free Trade Area (AfCFTA) to be ahead of their competitors. According to the Chief Executive Officer (CEO) of Seedway Services Limited, Romaric Aba... ...

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Ghana’s auto market projected to hit US$11bn in 2026

Ghana’s automobile market has been projected to reach a value of US$11bn by 2026, strongly underpinned by the emergence of global vehicle manufacturing giants setting up plants in the country. The projection, by a Stanbic Bank research report, implies a compound annual growth rate of 15 percent ove... ...

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AGI Prez calls for incentives to boost manufacturing

Ghana’s industrial sector needs sound fiscal policies that motivate and improve the competitiveness of local manufacturers to ensure their sustainability and survival, says Dr. Yaw Adu-Gyamfi, President of the Association of Ghana Industries (AGI). Speaking at the inauguration of Wilmar Africa’s US... ...

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Business

Use AfCFTA to boost agriculture — Dr Yakubu

A former Deputy Minister of Food and Agriculture, Dr Ahmed Alhassan Yakubu, has called on Africans to use the African Continental Free Trade Area (AfCFTA) agreement to boost agriculture. He said the African continent was typically agrarian, with most of its economies driven by agricultural activiti... ...

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Business

AfCFTA requires local producers to step out of their comfort zone

Ghanaian industrialists and exporters have a ready market within West Africa but they would need to look beyond this comfort zone as continental trade picks steam. It’s no doubt that the success or otherwise of Ghana production sector and private sector, as a whole, in the AfCFTA market hinges on t... ...

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Business

AfCFTA will create new opportunities for women – Gerald Woode

The African Continental Free Trade Area (AfCFTA) will create new opportunities for women in economic areas, where they are concentrated such as agriculture, industry, services and trade. To ensure that women have access to these opportunities, African Union Members must take intentional steps in cr... ...

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Trade Minister makes case for farmers following AfCFTA establishment

The Minister for Trade and Industries Alan Kwadwo Kyeremanteng has charged the Food Trade Coalition for Africa to support farmers and other small-scale actors to ensure that they benefitted from increased trade opportunities. He noted that with the combined strengths of key stakeholders, the Coalit... ...

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US$1 billion fund to be established to support AfCFTA member states – AfCFTA boss

The African Continental Free Trade Area will set up a fund of one billion dollars to support member states in the next six months. According to Secretary-General Wamkele Mene, the fund is an adjustment that will help build competitiveness among the countries as stipulated in the trade pact.

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Local businesses urged to invest in quality packaging to benefit from AfCFTA

Businesses producing Made-in-Ghana products are being encouraged to prioritize quality packaging to facilitate the growth of their businesses as well as their survival in an era of the African Continental Free Trade Area (AfCFTA) programme.

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Industry needs right systems and policies to optimise AfCFTA—AGI

Local producers and exporters need to look beyond West Africa and deploy strategies that will enable them penetrate the continent-wide market, Seth Twum Akwaboah, Chief Executive Officer of the Association of Ghana Industries (AGI), has said. In doing so, makers of products in which Ghana has prove... ...

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Manufacturing hub ambition will be realized, government assures

The Ministry of Trade and Industry says government is on course in making the country the manufacturing hub of the continent, as it has so far identified more than 200 exporters who are receiving support to export to potential markets. Mr. Anthony Nyame-Baafi, a technical advisor to the ministry, s... ...

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AfCFTA lays foundation for establishment of a Continental Common Market

The African Continental Free Trade Area (AfCFTA) has laid a foundation for the establishment, in future, of a Continental Common Market. Mr Wamkele Mene, the General Secretary, AfCFTA Secretariat, said the main objectives of the AfCFTA were to create a single market for goods and services, facilita... ...

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Business

SSNIT numbers, Ghana card merger starts today

All Social Security and National Insurance Trust (SSNIT) cardholders are being urged to begin processes to merge their numbers to the National Identification card, also known as Ghana card, from today, Monday, June 28, 2021. This forms part of the government’s plan to synchronise all identification... ...

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