Category: Africa
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GUTA welcomes Nigeria’s decision to reopen its land borders
The Ghana Union of Traders’ Association, GUTA, says it is looking forward to the reopening of the Nigerian border for trade activities to return to normalcy. According to them, this is critical to the success of the implementation of the African Continental Free Trade Area (AfCFTA). The Nigerian government in August last year closed its…
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Nigeria to re-open land borders soon – President Buhari hints
After more than a year of closing its frontiers to stop the smuggling of products from neighbouring West African states into the country, President of Nigeria, Muhammadu Buhari has stated that Nigeria is looking to reopen its borders ‘as soon as possible’. This is according to the Premium Times website. Mr. Buhari stated this during…
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AfCFTA Secretariat to address dumping of substandard goods concerns of member states
The African Continental Free Trade Area (AfCFTA) Secretariat has hinted of plans to address concerns of standardization of goods and services by some member countries. The Secretariat says the various standardization authorities across the continent are collaborating to address the issue. Nigeria’s borders have long been closed over concerns of dumping of poor quality good…
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AfCFTA commences first meeting on trade and goods
The African Continental Free Trade Area (AfCFTA) Secretariat has begun its first meeting of the Committee on Trade and Goods. Concurrently, the subcommittee on Trade Facilitation Customs Cooperation and Transit is also meeting. In an interview with Citi Business News, Head of AfCFTA Affairs at the Customs Division of GRA, Fenchi Akoto, indicated that the…
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Rawlings helped Ghana win bid to host AfCFTA Secretariat – Alan Kyerematen
The Minister of Trade and Industry, Alan Kyerematen has praised the late former President, Jerry John Rawlings for the role he played in helping Ghana win the bid to host the African Continental Free Trade Area (AfCFTA) Secretariat in Accra. Six other African Union member countries including Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal all…
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High PCR test cost at KIA a hindrance to Africa integration goal – AfDB Secretary General
The Secretary General of the African Development Bank Group, Professor Vincent Nmehielle has called on government to review the $150 dollars being charged for COVID-19 testing at the Kotoka International Airport. This adds to calls by other stakeholders who have described the charge as a disincentive for the business community and tourists who wish to…
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Ghana signs MoU to host 2021 annual meetings of AfDB Group
The Secretary General of the African Development Bank Group, Professor Vincent Nmehielle, says participants at the upcoming 56th annual general meeting of the AfDB, will look at articulating policies and regulations, which will ensure that African economies become robust and better prepared, to deal with disruptive occurrences like COVID-19 in the future. The remarks were…
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#EndSARS protest will hit Ghana’s economy if it escalates – Economist
An Economist, Dr. Lord Mensah, says Ghana ought to be concerned about the #EndSARS protest ongoing in Nigeria as he believes its ripple effect can have negative consequences on the Ghanaian economy. Dr. Lord Mensah insists that if the protest escalates, Ghana should expect to see an influx of Nigerians as it is a major…
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Ken Ofori-Atta completes tenure as Chair of World Bank’s Development Committee
Ghana’s Finance Minister, Ken Ofori-Atta, has successfully completed his two-year tenure as the Chairman of the Development Committee of the World Bank and IMF, after chairing his 4th DC plenary meeting. The Committee discussed a build-back strategy for the global economy in view of the unprecedented ravages brought about by the COVID-19 pandemic. The pandemic…
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‘Ghanaian enterprises should be frontline actors in AfCFTA’ -Akufo-Addo
The President, Nana Addo Dankwa Akufo-Addo, has reiterated government’s commitment to assisting Ghanaian enterprises to take advantage of the coming into force of the African Continental Free Trade Area (AfCFTA). Speaking at the 2nd National Conference on the African Continental Free Trade Area, held on Tuesday, 20th October 2020, at the Accra International Conference Centre,…