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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

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    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    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

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    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

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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

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Lack of UK-GH Brexit deal threatening jobs in tuna industry

byBobbie Osei
January 29, 2021
in Agribusiness, Agriculture, Local Economy, Markets, News, Top Stories
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The lack of a new trade deal between Ghana and the United Kingdom (UK) post-Brexit, is threatening thousands of jobs in the tuna industry in Ghana.

So far, the UK has inked post-Brexit trade deals with 13 African countries including Kenya, Ivory Coast and South Africa among others, which allows them to export some of their key produce to Britain quota-free and without paying duties.

The prospect of the UK formulating its own trade policy following Brexit was expected to have implications for the existing Economic Partnership Agreements (EPAs) between the European Union (EU) and some African, Caribbean and Pacific (ACP) countries.

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The UK has gone ahead to sign new trade deals that continue the regime of duty-free and quota-free (DFQF) market access with a number of African countries, especially in southern and eastern Africa.

Both Ghana and Nigeria however failed to seal an agreement with the UK before the end of the Brexit transition period on December 31, 2020.

Speaking to Citi Business News on the situation, the Executive Director at the UK-Ghana Chamber of Commerce, Adjoba Kyiamah said the lack of a deal has forced some tuna exporters to cease exporting their produce to the UK.

“Currently I have four member companies who are directly impacted. Of these four companies, two are fruits exporters and two are canned tuna exporters and they all export to the UK. The canned tuna exporters have suspended trading with the UK until an agreement is reached and so our concern really is that should there be further delay, a decision will have to be taken on the survival of those businesses. So obviously thousands of jobs could be impacted.”

Madame Adjoba Kyiamah further added that Ghana’s failure to secure a deal before the end of 2020, has meant that some fruit and vegetable exporters are now being forced to export with additional tariffs increasing their cost of doing business.

“With the fruit exporters, they are currently still exporting and paying duties that they were not previously paying, so of course their cost of doing business has gone up. And so given the current scenario, it is our hope that an agreement would be signed expeditiously between Ghana and the UK, just so that these companies and the livelihoods of the employees that work for these companies are not impacted.”

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