Tag: AfCFTA
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AfCFTA secretariat will be operational by March 31 – Akufo-Addo assures AU
President Nana Addo Dankwa Akufo-Addo, has assured the Assembly of Heads of State and Governments of the African Union that the Secretariat of the African Continental Free Trade Area (AfCFTA) will be operational by 31st March, 2020. The Agreement is aimed at improving intra- African trade to among other things, create a single market, deepen…
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AfCFTA will make politicians powerless — Ofosu-Dorte
The Executive Chairman of AB & David Africa, a pan-African law firm, David Ofosu-Dorte says over the next decade the implementation of the continental free trade agreement will shift power from politicians to trade. Speaking on Citi TV’s current affairs programme, Point of View, Mr. Ofosu-Dorte explained that the continent’s development is currently largely driven…
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The financial sector reforms and the return of NAM1: A Citi Business News Review of 2019
This year has witnessed a number of interesting events and happenings that have in one way or the other shaped the local economy. These happenings have largely had an impact on the economies of individuals both positive and negative in some cases. The year started on quite a sour note for Heritage and Premium banks.…
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Nigeria border closure: Ghana to leverage on AfCFTA to reduce impact
Nigeria’s decision to close its borders to neighbouring Benin may be a bigger problem than envisaged. This is because other countries including Ghana are feeling the bite of the action, albeit remotely. The development becomes more alarming when the continent is working on a common trade market, the African Continental Free Trade Area (AfCFTA). But…
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Technical barriers to Trade must be stepping-stones – Prof Dodoo
For the Africa Continental Free Trade Area (AfCFTA) to succeed, countries must ensure that Technical Barriers to Trade (TBT) become stepping-stones rather than obstacles, Professor Alex Dodoo has said. TBT Agreement aims to ensure that technical regulations, standards, and conformity assessment procedures are non-discriminatory and do not create unnecessary obstacles to trade. Speaking on the…
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AU, AfDB sign US$4.8 million grant for free trade secretariat
The African Development Bank Group has signed a US$4.8 million institutional support grant to the African Union (AU) for the implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead…
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AfCFTA: What is in it for Ghana?
The African Continental Free Trade Area (AfCFTA) is a Single Market (Duty-free, Quota-free) covering the entire African Continent with a total population of 1.2 billion and a combined GDP of almost USD 3 trillion. So far 54 countries out of 55 (with the exception of Eritrea) have signed the AfCFTA and 27 countries have ratified…
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Develop strong negotiation position to benefit from AfCFTA — TWN-Africa
Third World Network Africa (TWN-Africa), a Pan-African research and advocacy organization, has charged the government to focus on developing a strong negotiation position, in order to benefit from the African Continental Free Trade Agreement (AfCFTA). This comes a day after Ghana was selected as host country for the secretariat at the 12th African Union Extraordinary…
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Hosting AfCFTA secretariat in Ghana is a privilege — Akufo-Addo
The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The decision was announced on Sunday, 7th July, 2019, at the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana…
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Ghana wins bid to host AfCFTA Secretariat
African leaders attending the 12th African Union Extraordinary Summit in Niamey, Niger have selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. Ghana beat off competition from Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal. The core mandate of the Secretariat will be to implement the African Continental…