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    BoG to hold emergency MPC meeting on Wednesday

    BoG, EOCO deepen collaboration to build robust financial sector

    Recent downgrades by S&P, Fitch ratings on Ghana unfair – African Peer Review Mechanism

    Private sector critical to renewable energy target – Sector Ministry

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Gov’t must invest more resources into agriculture sector – Agribusiness Chamber

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

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    BoG, EOCO deepen collaboration to build robust financial sector

    Cedi Depreciation: Government urged to enforce laws on pricing in dollars

    Assistant Director, Fintech and Innovation, BoG, Clarence Blay

    E-cedi will not affect MoMo business – Bank of Ghana

    Coronation Insurance launches marine insurance e-portal for importers

    Bank of Ghana to widen its scope on cryptocurrency

    Importers, Exporters Association calls for sympathy for Labianca following corruption claims

    BoG Deputy Governor chairs advisory board of UG’s College of Humanities

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

    Extend SIM card re-registration exercise to January 2023 – MoMo agents

    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

    PayAngel joins Microsoft for Startups Founders Hub

    Node 8, HTU hold first edition of Node X in Ho

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

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

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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

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AfCFTA Secretariat to begin operations ahead of trade activities from Jan. 2021

byAnita Arthur Kissi-Mireku
August 5, 2020
in Local Economy, Top Stories
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Parliament has approved the choice of Ghana as the host country for the establishment of the African Continental Free Trade Area Secretariat (AfCFTA) in Accra.

A report of Parliament’s Foreign Affairs Committee says Ghana will secure premises for the secretariat and furnish it, as well as provide the necessary security.

According to the report, the date for the operationalization of the agreement has been moved to January 1, 2021, instead of the July 1 deadline due to the impact of COVID-19.

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The AfCTA is an agreement among some African countries aimed at creating a single continental market for goods and services, with free movement of business people and investments, to accelerate the establishment of the Continental Customs Union and the African Customs Union.

Foreign Affairs Minister, Shirley Ayorkor Botchway, told Parliament efforts are underway to get the Secretariat ready for work.

“What we are doing is opening the door for the Secretariat to start operations. The Secretary General and his team, the first team to kick start operations will arrive in the country sometime this month of August. Indeed, it is true that we had to postpone it from March to August and also the operations of the secretariat. The trading has been postponed to January, but we are on course. AfCFTA  is the largest trading block since the WTO made up of fifty five member states with a market of 1.2 billion people. This affords us a great opportunity for Africa to take its rightful place where trading is concerned”, she said.

Shirley Ayorkor Botchway stressed the need for Ghana and other member countries to take advantage of the initiative to be able to trade effectively.

“It is a fact that Intra African Trade is unimpressive if you compare it to what happens in Asia and other places, so we are very happy that this is happening and for Ghana to host this secretariat , I think that we need to take advantage of all the opportunities that it presents us”.

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