Tag: AfCFTA
-
#CitiBusinessFestival: Ofosu-Dorte urges African businesses to adopt ‘AfCFTA strategy’ post COVID-19
A Senior Partner at AB & David, and a member of the Afrochampions Initiative, David Ofosu-Dorte, has urged businesses across the African continent to adopt an African Continental Free Trade Agreement (AfCFTA) strategy post COVID-19. According to him, the way businesses prepare for AfCFTA, would determine how much they would benefit from the initiative and…
-
#CitiBusinessFestival: Pharmaceutical firms urged to use AfCFTA to boost drug production
Businesses in the pharmaceutical and healthcare sector have been challenged to take advantage of the Africa Continental Free Trade Area (AfCFTA) to export more of their products to other African countries. Even though the African pharmaceutical market is growing rapidly, the continent still imports over 70% of the drugs it consumes. Commenting on the opportunities…
-
Africa must use COVID-19 to accelerate development through AfCFTA – GIPC CEO
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC) Yofi Grant, is urging member countries of the African Continental Free Trade Area (AfCFTA ) to leverage on lessons from covid-19 to accelerate development though trade. Mr. Grant says Africa has the potential to become self-reliant and should be ready to embrace this misfortune…
-
CUTS advocates implementation of AfCFTA in 2nd quarter of 2021 due to COVID-19
Research and Public Policy Think Tank, CUTS, says a postponement of the implementation of the African Continental Free Trade Area (AfCFTA), would be ideal in the wake of the COVID-19 pandemic. Last week, AfroChampions, also a Policy and Advocacy think tank, suggested that the implementation should go ahead on July 1, 2020 as scheduled, as…
-
COVID-19: An opportunity to boost industrialization in Africa – Report
As African countries struggle to procure goods and supplies from global suppliers in the wake of the novel Coronavirus pandemic (COVID-19), the situation is expected to cause a shift from global supply chains towards more regionalized and localized supply chains. That’s according to the African Continental Free Trade Area (AfCFTA) Year Zero Report, by policy…
-
GIPC takes steps to review its law in line with AfCFTA and other protocols
The Ghana Investment Promotion Centre, (GIPC), says steps are being taken to review the Company’s Act to be in line with the African Continental Free Trade Area agreement, AfCFTA, and other protocols. The impending review of the GIPC Act 2013, (Act 865), is aimed at creating a competitive urge for Ghana globally, to be able…
-
AfCFTA provisions will handle trade barrier issues like Nigeria’s border closure – Alan
Ghana’s Minister for Trade and Industry, Alan Kyerematen, says Nigeria’s continuous border closure with Benin that has affected Ghana and other countries, may not have any impact on the implementation of the African Continental Free Trade Area. There are concerns that the closure of the critical border to Africa’s largest economy will thwart the objective…
-
AfCFTA implementation: Technical working groups inaugurated to work on Ghana’s Action Plan
In order to fast-track trade within the African continent, and ensure that Ghana derives maximum benefit from the African Continental Free Trade Area, ACFTA, the Trade and Industry Ministry, has constituted technical working groups to work on a seven cluster initiative. The Minister, Alan Kyerematen, who inaugurated the groups, says the move is to ensure…
-
AfCFTA implementation: Technical working groups inaugurated to work on Ghana’s Action Plan
In order to fast-track trade within the African continent, and ensure that Ghana derives maximum benefit from the African Continental Free Trade Area, ACFTA, the Trade and Industry Ministry, has constituted technical working groups to work on a seven cluster initiative. The Minister, Alan Kyerematen, who inaugurated the groups, says the move is to ensure…
-
South Africa’s Wamkele Mene voted as Secretary-General of AfCFTA Secretariat
A South African, Wamkele Mene, has been voted as the first Secretary-General of the Africa Continental Free Trade Area Secretariat (AfCFTA), at the ongoing 33rd ordinary session of the heads of state and government of the African Union. The 40-year-old has previously worked as the Head of Mission to the World Trade Organisation for South…