Tag: AfCFTA
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Punitive domestic tariffs threaten African trade
Tariff and non-tariff barriers in the country remain a real threat to the vision of a liberalised African trade market under the African Continental Free Trade Area (AfCFTA). This is despite the fact that Ghana’s legal framework supports free trade, says a study that revealed tariff barriers are imposed as taxes and duties on imports…
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Stakeholders push for West African airline to boost sub-regional trade
As the African Continental Free Trade Area (AfCFTA) continues to gain momentum, stakeholders in West Africa’s aviation sector are actively pushing for measures that would strengthen the regional industry to boost intra African trade. According to them, one key strategy African governments’ need to deploy is to incentivize local carrier operators, ensuring they play a…
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Africa, Canada trade hits $15 billion in 2022
Trade volumes between Africa and Canada increased by a little over 15 billion dollars in 2022 which is a significant improvement compared to pre –pandemic figures. This, according to the Canadian High Commissioner to Ghana, Her Excellency Martine Moreau is a testament to the resilient trade relations that exit between Africa and Ghana. “Last year…
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We are open to accelerating AfCFTA’s success – CEO of GSA
The Chief Executive Officer (CEO) of the Ghana Shippers’ Authority (GSA), Ms. Benonita Bismarck has expressed the readiness of her organization to collaborate with the African Continental Free Trade Area (AfCFTA) Secretariat to develop effective transport and logistics policies and programs under the AfCFTA Agreement. According to her, the success of AfCFTA largely hinges on…
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Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations
The South African High Commissioner to Ghana, Her Excellency Grace Jeanet Mason is urging businesses in Ghana and South Africa to leverage on the African Continental Free Trade Area (AfCFTA) to bolster bilateral and economic relations. She explains that the trade volume between the two countries is about 6 million US Dollars. This she believes…
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African Union adopts Africa Prosperity Dialogues AfCFTA action plan
Heads of state of the Africa Union (AU) have adopted the Action Compact of the Africa Prosperity Dialogues (APD) in Ghana last January. The APD creates an annual platform for Africa’s private sector to network with public officials on the implementation of the Africa Continental Free Trade Area (AfCFTA), which aims to create a single…
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Third World Network Africa urges Africans to be strategic about AfCFTA
Third World Network Africa, a research and advocacy organization is urging African leaders to develop strategies that will move the continent away from the challenges that confront it by leveraging on the African Continental Free Trade Area. The advocacy group explains that the lack of political will to execute the already discussed policies has delayed…
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AfCFTA: AB&David projects more opportunities for businesses in a volatile economy
AB & David Africa, a pan-African business law firm is hopeful that business avenues are likely to spring up for more companies on the continent if the Africa Continental Free Trade Area is optimized. The Pan African firm maintains that although some businesses have struggled to find their feet even after the COVID-19 pandemic, there…
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UK Chamber of Commerce reports corruption as topmost challenge for businesses in 2022
The UK Ghana Chamber of Commerce (UKGCC) has indicated that corruption appears to be the topmost challenge for businesses in 2022. The Chamber notes that taxation policies as well as the cost of power and land also pose economic challenges to doing business in Ghana. This was contained in the UKGCC 2022 Business Environment and…
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5 important things to know about the African Continental Free Trade Area agreement
The African Continental Free Trade Area (AfCFTA) which unites the 55 members of the African Union (AU) and eight Regional Economic Communities (RECs), is the largest free trade area in the world. It has an overarching goal of establishing a single continental market with a combined GDP of around US$3.4 trillion and a population of…