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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    Agribusiness Chamber demands resignation of Agric Minister over sector woes

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    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

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    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

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    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

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Exporters to enjoy free trading in Africa by end of 2017

bycitibusinessnews
March 17, 2017
in Government, Local Economy, Top Stories
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The Minister for Trade and Industry Alan Kyerematen has disclosed that exporters in Ghana would by the end of this year be able to export their goods freely across Africa following the completion of the Africa Free Trade Zone policy.

According to the minister, the policy, under the continental free trade will grant exporters duty and quota free access to any African country.

“Hopefully by the end of 2017, Africa is going to become a free trade zone which is under the framework of the continental free trade area. It does mean that by the end of 2017 hopefully, you can export duty-free, quota-free to any country in Africa,” he explained.

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Mr. Kyerematen told Citi Business Newsd that the move will render exporters more competitive on the global market.

“So we are just not focusing on ECOWAS, you talking about exporting to any part of the continent, so can you imagine that if we as a government can support them to become more competitive, to be able to expand their export business to the rest of Africa. That is very good business for government and also for the company,” he noted.

Exporters have often complained about the huge amounts they pay on goods at the various borders.

About the Continental Free Trade Area

The Continental Free Trade Area (CFTA) negotiations was launched by the AU leaders in June 2015 in Johannesburg.

Once in place, the free trade area will cover more than a billion people with a continental GDP of over US$ 3 trillion.

Successful implementation of the CFTA will enable members to realize their potential to expand and accelerate the dynamism of intra-African trade, including the declared objective of increasing trade by 50 percent among African countries by 2022.

Intra-African trade today averages 16 percent, compared to 70 percent for Europe, 50 percent for Asia or 21 percent for Latin America.

–

By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana.

 

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