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Shippers in Bono, Bono East and Ahafo sensitised on Benchmark Value Reversal Policy and AfCFTA

Shippers in the Bono, Bono East and Ahafo Regions have been sensitised on the Benchmark Value Reversal Policy, and the Africa Continental Free Trade Agreement (AfCFTA) as part of the Ghana Shippers’ Authority (GSA) nationwide education and sensitisation drive. The sensitisation workshop was facto... ...

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AfCFTA boss interacts with trade experts and Customs on Abidjan-Lagos corridor

The AfCFTA Secretariat in collaboration with the Government of the Federal Republic of Nigeria organized the Meeting of Customs and Trade Experts of the Republic of Benin; the Republic of Côte d’Ivoire; the Republic of Ghana of the Federal Republic of Nigeria and the Republic of Togo on June 1, 2022... ...

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Industrialisation and AfCFTA; Panacea to Ghana’s economic woes

I have been following expositions by Ghana’s Minister for Trade and Industries, Alan John Kwadwo Kyerematen about his vision to industrialise Ghana through the NPP’s One District One Factory (1D1F) policy as well as his role in drawing up and seeing to the implementation of the African Continental F... ...

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Removing trade tariffs for intra-Africa trade will release $70bn – AfCFTA’s Beatrice Chaytor

The first day of the prestigious Ghana Academy of Arts and Sciences (GAAS) 2022 Public Forum began with concord that the African Continental Free Trade Area (AfCFTA) presents the most exciting path for Ghanaian and African development in a generation. The deliberations however noted the need for co... ...

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Shippers educated on how to register their products under AfCFTA

Members of the Upper West Regional Shipper Committee have been sensitised on ways in which they can benefit from the Africa Continental Free Trade Agreement, AfCFTA, with a focus on how they can successfully register their products under the agreement. The meeting, which was held in Wa on 19th May... ...

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AfCFTA loses US$5bn yearly to third-party payment systems

As AU makes case for PAPSS Economies of the African Continental Free Trade Area (AfCFTA) lose US$5billion in transactional cost to third-party foreign payment systems each year, the African Union Commissioner for Economic Development, Trade, Tourism and Industry, Albert Muchanga, has disclosed.

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National AfCFTA Coordination Office courts banks’ support to SMEs

The National AfCFTA Coordination Office has called on banks in the country to provide the financial muscle for small and medium businesses that are seeking to access the single continental market. “Whatever they have to do, banks have to play a critical role to uplift our businesses from small sc... ...

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Embrace growth; get formalized and benefit from various interventions — GEA boss tells SMEs

Businesses seeking to explore the numerous opportunities that are being offered by the African Continental Free Trade Area (AfCFTA) will have to formalize their operations and pay the right taxes to support government’s quest to build strong and competitive local brands that can compete in the singl... ...

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AfCFTA fosters relationship with Ghana Ports and Harbours Authority

Officials of the National African Continental Free Trade Area (AfCFTA) Coordination Office have paid a working visit to the Ghana Ports and Harbours Authority (GPHA) to foster the needed relationship.The visiting delegation, led by Dr Fareed Kwesi Arthur, Head of the National AfCFTA Coordination Off... ...

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FTA Secretariat: Conclusion of AfCFTA Phase II negotiations our priority - Secretary-General

African Continental Free Trade Area (AfCFTA) Secretariat says it has prioritised the conclusion of the AfCFTA Phase II negotiations, covering protocols on Women and Youth in Trade, Investment, Competition Policy, Digital Trade, and Intellectual Property Rights.The finalisation of all these protocols... ...

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National AfCFTA coordination office keen on working with GPHA

A delegation from the National AfCFTA Coordination Office, led by its head, Dr. Fareed Kwesi Arthur has paid a working visit to the Ghana Ports and Harbours Authority (GPHA).The visit was a step towards fostering the needed relationship between the two entities towards the national objectives within... ...

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UAE to help African countries diversify their economies

The United Arab Emirates, UAE had indicated its commitment to assisting economies in Africa to diversify. Receiving the African Development Bank Head, the Minister of State in charge of African Affairs, His Excellency Sheikh Shakhbout, spoke about the UAE’s desire to help African countries divers... ...

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More than 6,000 Farmers to benefit from EU, AFD funding

Ghana has signed a 44.7 euro grant agreement with the European Union and Agence Francaise De Developpement (AFD) for the Agriculture Water Management Project to provide water to more than 6000 farmers in Northern Ghana, targeting 35 irrigation schemes. Finance Minister, Ken Ofori Attah who sealed... ...

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Deputy Trade Minister clarifies govt’s objectives for Youth Enterprises project

Deputy Minister for Trade and Industry in charge of Industry, Michael Okyere Baafi has clarified government’s objectives for incorporating the Enabling Youth Enterprise under the One District One Factory Policy. With this initiative, young people are put into groups and funded to roll out mainly... ...

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CYBER SECURITY: what is it?

I remember when life was so ‘simple’. TV was black and white- no ‘technicolours’, plasma, LCD and OLED! We went to the bank, our branch, and gave the teller a piece of paper showing our names and account numbers to get our account balances. We could frown and utter a few words in disbelief aimed at... ...

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Narratives on business in Africa shows AfCFTA barely features in business stories – New report

The African Continental Free Trade Area is the largest free trade area in the world by the number of participating countries and access to a combined Gross Domestic Product of US$3.4trillion. Yet it makes up under 1% of business news and analysis about Africa, according to the newly launched ‘The Bu... ...

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Silver Star Auto assembly production kicks off: Peugeot and Citroën vehicles to be produced here

Peugeot announces the start of production at the Silver Star Auto assembly plant of its globally acclaimed SUV, the Peugeot 3008 and the all-new 1-ton Peugeot pickup, the Landtrek. This great achievement marks a new milestone in the partnership with Silver Star Auto in Ghana. Indeed, after a commerc... ...

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Ghana is open for business – Foreign Affairs Minister to UAE investors

Ghana’s Minister for Foreign Affairs and Regional Integration Hon. Shirley Ayorkor Botchwey has asked the United Arab Emirates to tap into the opportunities presented by Ghana as host of the African Continental Free Trade Secretariat. In an engagement with the Minister of State at the Ministry of... ...

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New U.S. Investments Unlock Trade Potential for Businesses in Ghana

U.S. Ambassador Stephanie S. Sullivan today announced new co-investments by the U.S. Agency for International Development (USAID) totaling $4.2 million with five companies operating in Ghana.  These projects, leveraged with private sector funds, will help these companies scale up operations, develop... ...

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Women engaged in cross-border trade educated on AfCFTA

About 60 women in cross-border trade have been trained to increase their awareness of the African Continental Free Trade Agreement (AfCFTA) and the Regional Trade Rules. Organised by the Ministry of Trade and Industry in partnership with the German Development Cooperation, the workshop was also t... ...

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AU Trade Commissioner rallies African businesses

African Union Commissioner for Trade and Industry Albert Muchanga has urged businesses in Ghana and Africa to get authenticated by Kadodo Africa. Kadodo is an online directory of authenticated and businesses designed to connect businesses and consumers in Africa. The platform has been set up to e... ...

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Expo 2020: Energy Minister woos investor

The Minister of Energy, Dr Matthew OpokuPrempeh, has urged business leaders and decision makers to come and invest in Ghana’s energy sector. Speaking at the Energy Investment Forum organised by the Ministry of Energy on the sidelines of EXPO 2020 in Dubai, United Arab Emirates (UAE),he said Ghana... ...

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Diasporans urged to take advantage of AfCFTA to bring investments to Ghana

The Second Lady, Samira Bawumia, has implored Ghanaians in the diaspora to take advantage of the opportunities of the African Continental Free Trade Area (AfCFTA) and bring investments to Ghana. According to her, there is the enabling environment for businesses to thrive, hence the call for Ghanaia... ...

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AGI rues disappointing benchmark values’ decision

The Association of Ghana Industries (AGI) believes that reducing the 50 percent benchmark discount value – to 30 percent for general goods and 10 percent for vehicles – will do very little to better the fortunes of local manufacturers. AGI, the umbrella-body of local manufacturers, has been advocat... ...

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Why Dubai could become the trading point of Ghana’s cocoa

The Chief Executive Officer of the United Arab Emirates Trade Centre, Mr. Walid Hareb, has urged Ghana to establish a cocoa trading platform in Dubai. According to him, the platform, which could be a pilot project, would make Dubai the central point of Ghana’s cocoa, where the raw beans and chocola... ...

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Stakeholders in agriculture brainstorm to tap benefits of AfCFTA

Stakeholders in agriculture yesterday held a workshop to deliberate on how to position and strengthen the sector to be competitive in the African Continental Free Trade Area (AfCFTA). The discussions formed part of the “Strengthening structures and framework for the agriculture sector to participat... ...

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Government to begin taxing online businesses by April 2022

In a frantic effort to achieve an ambitious 80.3 billion Ghana cedis tax revenue target for the year 2022 and also attain a tax to GDP ratio of up to 16.5%, the government has initiated moves to widen the tax net and broaden the tax scope. Aside from the introduction of an electronic transfers levy... ...

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Government set to announce a gradual reversal of Benchmark Value Reduction Policy

A deputy minister for Finance, Mrs Abena Osei-Asare has hinted at a pending announcement of a roadmap for a gradual reversal of the Benchmark Value Reduction Policy. The reversal of the Benchmark value reduction policy was met with stiff resistance from the trading community who threatened an astro... ...

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AZA Finance assures of increased collaborations with Fintech companies to ensure growth under AfCFTA

AZA Finance has assured of increased collaborations and support for companies within Ghana’s financial and fintech ecosystem to grow and take full advantage of the Africa Continental Free Trade Agreement (AfCFTA). This comes on the back of the recently launched Pan-African Payments and Settlement S... ...

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It’s Time to Rethink the Oil and Gas Game in Africa

While international oil companies gradually divest from African hydrocarbon assets, and capital expenditure is redirected towards alternative energy sources, Africa is seeing production declines across key assets.

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Hospitality industry players confident of a rebound in business this year

Players in the tourism and hospitality industry are confident of a good business year in 2022. President of the Ghana Hotels Association, Dr Edward Ackah-Nyamike, stated they had, despite the impact of the pandemic, begun to record significant progress late last year.

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Senyo Hosi urges gov’t to prioritize reversal of benchmark discounts on rice.

CEO of HGL, a multi-grain processing facility, Senyo Hosi says the government needs to prioritize the reversal of the benchmark value reduction policy on rice even as it continues to engage stakeholders on the way forward. He argues that such a move is necessary in order not to derail all the gains... ...

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Time not appropriate to raise capital from international market – Finance Minister

The country will go to the international capital markets to raise financial resources to shore up government revenue and finance development projects in the country when the time is ripe, the Minister of Finance, Ken Ofori-Atta, has said. “The spread of Ghana’s bonds have widened on the internation... ...

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Dr Amany Asfour: Driving the private sector to deepen the integration of Africa through the AfCFTA

On 20 January 2022, the African Business Council (AfBC) – in collaboration with its partners – converged in hybrid (physical and virtual) events from across the continent to observe an epoch-making moment aimed at accelerating the private sector’s role in integrating Africa into a free trade area (F... ...

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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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Business

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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Business

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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Business

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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Business

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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Business

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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