Tag: AfCFTA
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AfCFTA: Plans far advanced to complete protocol on Women in Trade – Wamkele Mene
Secretary-General of the African Continental Free Trade Area, AfCFTA, Wamkele Mene has disclosed that plans are far advanced to complete the Protocol on Women in Trade to facilitate greater trade opportunities for women under the trade agreement. According to him, women play a significant role in trade in Africa and will be essential to the…
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AfCFTA: Economist calls for improved ease of doing business to boost trade in Ghana
Three weeks into the operationalization of the African Continental Free Trade Area (AfCFTA) agreement, Economist Dr Adu Owusu Sarkodie has indicated that for Ghana to be able to take full advantage of the Agreement, ease of doing business in the country has to be significantly improved. Economist Dr Adu Sarkordie believes that easing business processes…
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GIPC pledges support for local businesses under AfCFTA
The Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Mr. Yofi Grant, has assured local businesses that the Centre is ready to assist them to harness the opportunities that come with trading under the African Continental Free Trade Area, AfCFTA. This comes on the back of calls by the business community for more…
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AfCFTA: Construction Chamber advocates for reduction of lending rate
The Ghana Chamber of Construction Industry has joined calls for a relook at the lending rate in the country especially with the commencement of the African Continental Free Trade Area (AfCFTA) Agreement. The Construction Chamber argues that the rate puts its members at a disadvantage amongst other African countries with access to cheaper credit. In…
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ECOWAS needs payment, settlement system as ECO adoption delays – Akufo-Addo
Chairman of the Economic Community of West African States (ECOWAS) President Nana Akufo-Addo has called for the rapid establishment of a payment and settlement system for the ECOWAS region. He made the call during the opening ceremony of the 58th Ordinary Session of the ECOWAS Authority of Heads of State and Government, which was held…
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AfCFTA: Address challenges of local businesses – GNCCI to government
The Ghana National Chamber of Commerce and Industry (GNCCI) has asked for the challenges being faced by local businesses to be addressed in order to gain from the African Continental Free Trade Area (AfCFTA). Since the commencement of the agreement on January 1, 2021, businesses in Ghana, both big and small, have been charged to…
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GNCCI calls for stimulus packages for local businesses involved in AfCFTA
President of the Ghana National Chamber of Commerce and Industry (GNCCI), Clement Osei-Amoako, says government should consider providing a stimulus package for local businesses involved in the African Continental Free Trade Area (AfCFTA). According to him, the commencement of the AfCFTA means Ghanaian businesses will now have to compete with businesses from other African countries…
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AfCFTA: GUTA calls for access to cheaper credit to be competitive
The Ghana Union of Traders Association (GUTA) says it will require access to cheaper credit to be able to take full advantage of the African Continental Free Trade Area (AfCFTA) agreement. According to the Ghana Union of Traders Association, the commencement of the AfCFTA means it would now have to compete with businesses from other…
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BoG Governor demands measures to help businesses succeed in AfCFTA era
Governor of the Bank of Ghana Dr. Ernest Addison says the commencement of operations of the Africa Continental Free Trade Area (AfCFTA) requires the building of a competitive Ghanaian economy. According to the Governor, the effects of a strong Ghanaian economy will ensure that local businesses win against their rivals from other African countries. Responding…
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AfCFTA: Spare parts dealers seek help to locally produce car parts
In order to fully participate in the Africa Continental Free Trade Area (AfCFTA) agreement, the Abossey-Okai Spare Parts Dealers Association has asked the government to help them begin production of made-in-Ghana vehicle parts. “We can take advantage of it by starting with the production of items that are made with plastic or rubber. We can…