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    World Trade Centre Accra Accra announces partnership with Altkom Akademia to offer professional education in Africa

    Ghana has the 4th cheapest average cost of internet in Africa – Statista

    Africa’s internet economy to cross $180 billion by 2025: Report

    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

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    Gov’t likely to scrap E-Levy if its revenue stays low – Tax analyst

    E-Levy is an overhyped revenue generation measure – Seth Terkper

    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Africa’s internet economy to cross $180 billion by 2025: Report

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    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Access to EU market critical despite efforts to deepen intra-African trade – GIPC

byBobbie Osei
March 2, 2020
in Local Economy, Top Stories
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The Ghana Investment Promotion Centre (GIPC), has charged Ghanaian businesses to leverage the strategic position of Malta, in their quest to gain access to the European Market.

According to the CEO of the GIPC, Yofi Grant, Europe will continue to be a significant trading destination for Ghana even as calls for increased intra-Africa trade are made.

Data from the World Bank shows that about 31 percent of total exports from Ghana in 2018 went to Europe and Central Asia, whereas only about 15 percent of its exports went to Sub-Saharan Africa; a situation that should improve when the implementation of the AfCFTA begins in July this year.

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While admitting that there is the need to improve intra-Africa trade, the CEO of the Ghana Investment Promotion Centre, Yofi Grant, told Citi Business News on the sidelines of the 2nd Ghana-Malta Business Forum in Accra, that Europe will continue to be a significant trading partner to Africa, and that Ghana can lead its peers in accessing that market by taking advantage of the opportunities that a country like Malta has to offer.

“So, for our business people, that’s very important because the EU is Africa’s largest market. Even though we are looking to trade more within Africa, it will still remain a market. For us, if we get a better opportunity to exporting more into Europe because we have a partner that is going to certify goods, you can’t have it better than that,” he stated.

The 2nd Ghana-Malta Business Forum saw the signing of Five Memoranda of Understanding between multiple Ghanaian Institutions like the Ghana Standards Authority, Impact Hub Ghana, Accra Technical University, AZOFA Akosombo Fisheries Cooperative and some Maltese outfits like the Malta College for Arts, Science and Technology, Malta Medicines Authority, and Malta Enterprise, for knowledge exchange among others.

In all, 28 Maltese companies interacted with different Ghanaian outfits to showcase their products and services.

The Minister of Trade and Industry, Alan Kyerematen on his part, highlighted the need for stronger ties between Malta and Ghana.

“The importance of Malta to Ghana will become more evident now that Ghana is able to take advantage of the European market. It is obvious that Malta as the best performing economy in Europe, with its strategic location offers us the best opportunity to get into Europe now that we are ready to implement the Economic Partnership Agreement.”

“Incidentally, Ghana has been selected to host the secretariat of the AfCFTA, and that presents an opportunity to Malta in its quest to access the rest of the African continent” he added.

The Maltese Minister for Economy, Investment and Small Businesses, Silvio Schembri, also called for mutually beneficial collaborations between the two countries.

“I look forward to the opportunity presented by this mission to consolidate our trade links, while encouraging our two countries to explore opportunities in new industries such as artificial intelligence, aviation, engineering, the arts among others.”

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