Tag: AfCFTA
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$130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia
Vice president Dr. Mahamudu Bawumia has disclosed that Africa will need between US$130 billion and US$170 billion annually to propel a sustainable growth of 5 percent in order to bridge the infrastructural shortfalls of the continent. Addressing a high-level conference in Accra of African Ministers of State, diplomats, policymakers, and business executives, who are discussing…
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Stronger regional cooperation between tax authorities critical to success of AfCFTA
The Commissioner-General of Ghana Revenue Authority, Rev Dr. Ammishaddai Owusu-Amoah has underscored the need for deepened regional cooperation between tax authorities of member states of the African Continental Free Trade Area (AfCFTA) agreement, as part of efforts to ensure its success. This, he believes will be critical in preventing tax evasion and aid in detecting…
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Ghana EXIM bank CEO hosts national AfCFTA coordinator
On Wednesday 3rd August 2022, a Team from the National African Continental Free Trade Agreement (AfCFTA) Coordination Office led by the National Coordinator, Dr. Fareed Kwesi Arthur, paid a courtesy call on the Chief Executive of the Ghana Exim Bank (GEXIM), Lawrence Agyinsam. This follows the launch of the National AfCFTA Policy Framework and Action…
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Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.
The Managing Director of Agricultural Development Bank Plc, Dr. John Kofi Mensah has disclosed that the African Continental Free Trade Area (AfCFTA) will help agribusiness entrepreneurs to access the African Market. The AfCTA is a single market (duty-free-quota-free) trading bloc covering the entire African Continent with a total population of 1.3 billion to create a…
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AfCFTA’s $11million institutional support grant will cover areas of advocacy and increased workforce – APN
The AfCFTA Secretariat, which is currently undertaking various initiatives to support its Agreement, will use part of the 11 million dollars institutional support grant provided by the African Development Bank towards the development of the private sector, an advocacy drive, and the creation of employment opportunities. This was made known during the keynote address at…
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AfCFTA Secretariat, Equity Group Holdings partner to deepen Africa’s economic integration
At the margins of the 41st Ordinary Session of the Executive Council of the African Union taking place in Lusaka, Zambia, the African Continental Free Trade Area (AfCFTA) Secretariat and Equity Group Holdings have signed a Memorandum of Understanding to deepen the economic integration of the African continent. The partnership seeks to implement the AfCFTA…
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Use Mid-year budget to fully review the benchmark values policy– AGI CEO
Ahead of the presentation of the 2022 mid-year budget review, the Association of Ghana Industries (AGI) is calling for a full review of the benchmark values reduction policy. According to the leading industry group, despite the announced reduction in the benchmark values discounts applied to general goods and vehicles, in February this year, their goods…
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Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG
Governor of the Bank of Ghana, Dr. Ernest Addison is urging banks and non-bank financial institutions on the continent to increase investments in digitisation platforms as well as cyber-security systems to facilitate safe and secure trade transactions through the Africa Continental Free Trade Area, AfCFTA agreement. According to him, this will ensure the development of…
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Kwahu Summit to focus on Africa’s economic transformation under AfCFTA – APN
Stakeholders in the trade and industry sector are exploring ways by which the business community can connect to bigger players across the continent to expand through the African Continental Free Trade Area (AfCFTA) agreement. For this reason, the Africa Prosperity Network (APN) has introduced the Kwahu Summit to allow for African heads of state and…
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#CitiBusinessFestival enters week 3: Focuses on understanding the Ghana opportunity
The Citi Business Festival continues this week with conversations on understanding the Ghana opportunity. Despite being a leading destination for foreign investment in West Africa, Ghana is faced with challenges such as rising debt levels, a deteriorating business climate, among others. It is against this background that the 2022 Citi Business Festival, in its third…