Category: INTERNATIONAL
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Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank
The World Bank is urging African countries to expand and diversify their participation in international trade and global value chains to reduce poverty on a large scale and transform their economies. According to the Bank, the continent must go beyond trade in raw materials and link its production and trade to the global economy to…
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Seth Terkper advises against e-levy; urges government to run to IMF
A former Finance Minister, Seth Terkper, is asking the government to heed to calls by stakeholders to return to the International Monetary Fund (IMF) to finance the country’s deficit instead of taxing Ghanaians through the electronic transfer levy. Mr. Terkper who has already registered his opposition to the idea of the e-levy, believes the government…
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AfCFTA members conclude negotiations on rules of origin to enhance free trade
Member states of the African Continental Free Trade Area (AfCFTA) have concluded their negotiations on the rules of origin, a move expected to further reduce tariffs on original goods produced within the African continent. This was disclosed by the Chairperson of the African Union Ministers of Trade, Ebrahim Patel. Although trading under the African Continental…
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Implement strategies to sustain increased consumer preference for digital payments – Bawumia
Vice President, Dr. Mahamudu Bawumia, has asked African countries to introduce innovative ways and strategies to sustain the increased consumer preference for digital payments. According to him, this will ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS) as well as an increase in intra-African trade. Speaking at the…
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Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia
Vice President, Dr. Mahamudu Bawumia has called for strict enforcement of the regulatory framework of the African Continental Free Trade Area, AfCFTA, for financial services to ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS). According to him, it is important that payments services regulation of member states are…
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President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi
The President of the Republic of Cote d’Ivoire, Alassane Ouattara, has met with Eni CEO Claudio Descalzi to discuss the status of the fast-tracked development of the Baleine discovery, which will be the first net-zero development in Africa for scope 1 and scope 2 emissions. The Prime Minister Patrick Achi, the Secretary-General of the Presidency,…
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South African president calls for increased trade with Ghana
The Presidents of Ghana and South Africa have called for increased trade between the two countries as the first year of the implementation of the African Continental Free Trade Area (AfCFTA) comes to an end. The remarks were made by the two heads of state at the Ghana – South Africa Business Forum in Accra…
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More partnerships needed to drive intra-Africa trade – Wamkele Mene
The Secretary-General of the African Continental Free Trade Area, AfCFTA, Secretariat, H.E. Wamkele Mene is advocating for more partnerships and investments to boost the patronage of goods and services produced on the African continent. According to him, the refusal of businesses to merge or join forces with others on the continent is likely to pose…
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AfCFTA member states urged to develop right policy frameworks to promote SEZ development
The Ministry of Trade and Industry is urging member states of the African Continental Free Trade Area Agreement (AfCFTA) to develop the right policy frameworks to promote the development of both Special Economic Zones and the operationalization of AfCFTA. According to the Ministry of Trade, this will also enable private sector operators to harness the…
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Heads of standards bodies in Accra for 65th ARSO Council Meeting
In its quest to accelerate the harmonization of standards in the sub – region, the Government of Ghana through the Ghana Standards Authority (GSA) is hosting some Heads of Standards Agencies in Africa for the 65th Council Meeting of the African Organization for Standardization (ARSO) between November 24-26, 2021. The meeting is crucial to achieving…