Tag: AfCFTA
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AfCFTA: Local businesses must expand or risk collapse – AGI
The Association of Ghana Industries (AGI) says with the commencement of the African Continental Free Trade Area Agreement (AfCFTA), Ghanaian businesses risk losing their market if they do not expand. The association is therefore calling on indigenous businesses to put plans in place to make them very competitive. According to the CEO of AGI, Seth…
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AfCFTA: Reduce cost of power, address credit challenges to boost Ghana’s competitiveness – Konfidants
International advisory firm, Konfidants has urged government to devise strategies to strengthen the country’s existing trade relations on the African continent to take maximum advantage of the African Continental Free Trade Area (AfCFTA). Konfidants also advised government to among other things address the exorbitant cost of credit and power in order to prepare the country…
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AfCFTA: More efforts needed to drive private sector participation – Ahomka-Lindsay
A former deputy Minister of Trade and Industry, Robert Ahomka-Lindsay says if more is not done to drive private sector participation in the African Continental Free Trade Area (AfCFTA), Ghanaian businesses will gain little from the continent-wide agreement. According to him, no matter how well-grounded the AfCFTA objectives are, they will remain elusive if businesses…
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AfCFTA will boost supply chain management in Ghana – CISCM
Supply Chain Management will be key in the implementation of the African Continental Free Trade Area (AfCFTA) agreement. This is an assertion by the President of the Chartered Institute of Supply Chain Management (CISCM), Richard Obeng Okrah. According to him, the free trade agreement involves the movement of goods across the various value chains, and…
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Support women-led businesses to ensure success of AfCFTA – Kosi Yankey
Chief Executive of the Ghana Enterprises Agency, Kosi Yankey-Aryeh, is calling on African leaders and private sector players to sponsor regulations that seek to sponsor women businesses on the continent. According to her, the formalisation of women-led businesses and entrepreneurship is essential to ensure that the African Continental Free Trade Agreement, AfCFTA, becomes successful. Speaking…
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AIDEC International launches Digital Solutions and Excellence Center
Three months into the operationalization of the African Continental Free Trade Area (AfCFTA), CEO of AIDEC Holdings Ltd, Mr. Ambrose Yennah has emphasized the need for micro, small and medium enterprises, MSMEs to effectively leverage on digital technologies, to drive growth and success. According to him, the pandemic has introduced modern trends of doing business,…
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‘Business opportunites from AfCFTA enormous’ – Akufo-Addo to Spanish goverment
The President of the Republic, Nana Addo Dankwa Akufo-Addo, says a very important plank of the new strategic partnership between Africa, Spain and Europe would be the strong support for the African Continental Free Trade Area (AfCFTA), which began trading on 1st January. Speaking at the “Focus Africa 2023” Conference held in Madrid, in Spain,…
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SMEs need to master ICUMS, attract credit in order to benefit from enormous AfCFTA opportunities – FBNBank MD
The Managing Director of FBNBank, Mr. Victor Yaw Asante has stated that SMEs need to master the Integrated Customs Management System (ICUMS) of the Ghana Revenue Authority (GRA) and also to place themselves in a good position to attract credit from banks in order to benefit from the African Continental Free Trade Area’s (AfCFTA) enormous…
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AfCFTA: Businesses urged to focus on producing quality products
As businesses are jostling to take advantage of the Africa Continental Free Trade Area (AfCFTA), Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant says the commencement of operations of the agreement, gives Ghanaian manufacturing companies the opportunity to upgrade the production of their goods and services. According to him, this…
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Shift focus from upscaling to upgrading – Ofosu-Dorte urges businesses
Stakeholders in Ghana’s manufacturing sector are being encouraged to prioritize upgrading over upscaling when it comes to goods and services emanating from Ghana into other African countries as part of the African Continental Free Trade Area (AfCFTA). Trade data from the United Nations Conference on Trade and Development (UNCTAD) shows that a handful of countries…