Tag: AfCFTA
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GRA to issue certificates of origin for exporting firms under AfCFTA
The Ghana Revenue Authority is set to ramp up the issuance of certificates of origin to exporting firms in the country. This comes after government designated the Customs Division of the Ghana Revenue Authority (GRA) as the Competent Authority for the issuance of Rules of Origin Certificate under the African Continental Free Trade Area (AfCFTA).…
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All AfCFTA functions transferred from Ethiopia to Ghana
Secretary-General of AfCFTA, Mr. Wamkele Mene has revealed that the African Union has transferred all functions related to the African Continental Free Trade Area (AfCFTA) Agreement from Addis Ababa, Ethiopia to Accra, Ghana. According to him, the decision which was taken at the 13th Extraordinary Session of the Heads of State and Governments, positions Ghana…
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Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana
Almost a week after the commencement of the African Continental Free Trade Area (AfCFTA), businesses in Ghana, both small and big, have been charged to be proactive in taking steps to participate and benefit fully from the continent-wide agreement. Trading under the agreement was supposed to have commenced in July 2020 but had to be…
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Gov’t remains committed to make Ghana commercial centre for trade – Akufo-Addo
Following the start of trading under the African Continental Free Trade Area (AfCFTA) on January 1, 2021, President Akufo-Addo has reiterated government’s commitment to ensure that adequate financial and human resources are mobilized to make Ghana the new commercial centre for trade, finance and investment on the continent. AfCFTA is an agreement among 54 African…
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Empower businesses for AfCFTA and post-COVID recovery – AGI to government
The Association of Ghana Industries (AGI) has hailed the government’s support for the private sector over the years, although it believes more should be done to improve the business environment. In a new year message to its members, Greater Accra Regional Chairman of AGI, Tsonam Cleanse Akpeloo, indicated that the Association has over the years,…
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Give us tax reliefs to be competitive as AFCFTA commences – AGI
The Association of Ghana Industries is calling on the government to introduce a tax regime that would make local producers competitive especially with the commencement of the Africa continental free trade Area agreement (AFCFTA). Speaking to Citi Business News, Johnson Opoku-Boateng, Director of Business Development Service at AGI, says that the introduction of tax reliefs…
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BoG, Monetary Authority of Singapore sign MoU to support SMEs
The Bank of Ghana (BOG) has signed a Memorandum of Understanding (MOU) with the Monetary Authority of Singapore (MAS) to collaborate in promoting Small and Medium-sized Enterprises (SMEs) through the use of technology. This is a follow up to earlier engagements between the Governments of Ghana and Singapore, which culminated in an understanding between the…
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AfCFTA: AGI wants electricity tariffs reviewed downwards
The Association of Ghana Industries (AGI), says in order for its members to adequately compete upon the implementation of the Africa Continental Free Trade Area (AfCFTA), electricity tariffs would have to be revised downwards. AGI argues that the cost of electricity is relatively higher in Ghana as compared to other countries in the subregion. Speaking…
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AfCFTA Secretariat to address dumping of substandard goods concerns of member states
The African Continental Free Trade Area (AfCFTA) Secretariat has hinted of plans to address concerns of standardization of goods and services by some member countries. The Secretariat says the various standardization authorities across the continent are collaborating to address the issue. Nigeria’s borders have long been closed over concerns of dumping of poor quality good…
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Banks will play a principal role in AfCFTA – Azubike Chimezie Obi
The African Continental Free Trade Area Agreement (AfCFTA) seeks to liberalize trade and services across the African continent, making it the largest free-trade area in the world. It will produce a single market of more than 1.2 billion people with a cumulative Gross Domestic Product (GDP) in excess of US$3 trillion. The United Nations Economic…