Tag: AfCFTA
-
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…
-
Insurance companies charged to position themselves to take advantage of AfCFTA
The Commissioner of Insurance, Justice Ofori has tasked insurance companies to stategise and position themselves to take advantage of the African Continental Free Trade Area(AfCFTA) framework to build a resilient industry. He said AfCFTA was the biggest trade agreement in the world and the insurance industry would have a huge role to play to ensure…
-
AfCFTA Secretariat to conclude on rules of origin policy soon – Wamkele Mene
Secretary-General of the African Continental Free Trade Area Secretariat, Wamkele Mene, says the issue of rules of origin under the agreement will be concluded in the next couple of weeks. He stated that “We have made 80 percent progress. Out of almost 8,000 products, we’ve agreed on 86 percent of those rules. We have a…
-
Piloting of Pan African Payment and Settlement System to end in December
The pilot of the Pan African Payment and Settlement System (PAPSS) will be completed by December 2021. This is according to the Executive Vice President of the Afreximbank, Denys Denya. Already, the testing process is happening in six African countries and will soon be implemented to boost trade in Africa. Giving updates on the system,…
-
African governments urged to ensure smooth implementation of Pan African Payment system
African countries have been asked to build an integrated and organized financial mechanism, and allow an independent monetary system, to ensure the smooth and effective implementation of the Pan African Payment and Settlement System (PAPSS). This was captured in a communiqué issued at the end of the 5th Ghana International Trade and Finance Conference. The…
-
Maiden AfCFTA-Angola Business forum held in Accra
The maiden African Continental Free Trade Area (AfCFTA) – Angola Business Investment Forum, has been organised in Accra to boost bilateral businesses. The event forms part of activities marking the three-day official visit of President João Manuel Gonçalves Lourenço of Angola to Ghana. The aim of the Forum was to further expand bilateral business relations…
-
Tourism sector is key to implementation of AfCFTA – Chamber for Tourism
The Chamber for Tourism Industry Ghana has stated that the sector is instrumental in the implementation of the African Continental Free Trade Area (AFCFTA) agreement. Chief Executive Officer of the Chamber, Prince Ntiamoah Boampong stressed that “One of the sectors that will play a major role in this free trade is the tourism sector because…
-
AfCFTA lays foundation for establishment of a Continental Common Market
The African Continental Free Trade Area (AfCFTA) has laid a foundation for the establishment, in future, of a Continental Common Market. Wamkele Mene, the General Secretary of the AfCFTA Secretariat, said the main objectives of the AfCFTA were to create a single market for goods and services, facilitate the movement of persons, and promote industrial…
-
Form strategic alliances to capitalize under AfCFTA – Kobla Nyaletey advises exporters
One of the ways Ghanaian exporters can increase access to funding as they explore existing opportunities within the Africa Continental Free Trade Area (AfCFTA) is for them to form strategic business alliances, Kobla Nyaletey, Director of Markets of Absa Bank Ghana and Nigeria has said. He believes such a move will save businesses in export…
-
#CitiBusinessFestival panellists discuss AfCFTA opportunities in 4th virtual forum
Panellists at the 4th edition of the Citi Business Festival virtual forum have offered varied opinions on how Ghanaian businesses, particularly Small and Medium-sized enterprises, can take advantage of the opportunities presented by the African Continental Free Trade Area (AfCFTA). Small and Medium Enterprises in Ghana and other parts of Africa are struggling to expand…