Tag: AfCFTA
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AfCFTA commences first meeting on trade and goods
The African Continental Free Trade Area (AfCFTA) Secretariat has begun its first meeting of the Committee on Trade and Goods. Concurrently, the subcommittee on Trade Facilitation Customs Cooperation and Transit is also meeting. In an interview with Citi Business News, Head of AfCFTA Affairs at the Customs Division of GRA, Fenchi Akoto, indicated that the…
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Finance Minister urges businesses to be innovative to benefit from AfCFTA
Finance Minister, Ken Ofori-Atta, has advised private sector businesses to be innovative in their operations to enable them expand beyond the borders of Ghana. He says this is not only necessary for sustainability but also to help them to benefit adequately from the Africa Continental Free Trade Area (AfCFTA). Delivering the keynote address at the…
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‘Ghanaian enterprises should be frontline actors in AfCFTA’ -Akufo-Addo
The President, Nana Addo Dankwa Akufo-Addo, has reiterated government’s commitment to assisting Ghanaian enterprises to take advantage of the coming into force of the African Continental Free Trade Area (AfCFTA). Speaking at the 2nd National Conference on the African Continental Free Trade Area, held on Tuesday, 20th October 2020, at the Accra International Conference Centre,…
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Google and Amazon seek investment in e-commerce within AfCFTA
The Secretary General of the African Continental Free Trade Area,( AfCFTA) , Wamkele Mene, has disclosed that e-commerce giants, Google and Amazon, have approached the Secretariat for investment in AfCFTA . According to him, discussions are yet to be finalized on the necessary regulatory framework that will be used for the digital trade aspect of…
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AfCFTA to commence on January 1, 2021 as planned – Secretary-General
Mr. Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), says the continental trade regime will take off as planned on January 1, 2021. He said the AfCFTA Secretariat was targeting January 2021 for the commencement of the implementation of the free trade agreement following its postponement due to the outbreak of the…
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Stipulate clearly AfCFTA rules of origin for all member states – GUTA to AU Commission
The Ghana Union of Traders’ Associations (GUTA), has appealed to the African Union (AU) Commission as well as the sub-regional bodies to clearly outline the rules of origin and sensitize citizens of all member states regarding the implementation of the African Continental Free Trade Area (AfCFTA). The rules of origin are the criteria needed to…
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Afrocacy elated over commissioning of AfCFTA Secretariat building
A Pan African social movement, Afrocacy, has lauded the “successful commissioning” of the Africa Continental Free Trade Area (AfCFTA) Secretariat building. The ceremony, which took place, Monday, August 17, is purposed to administer the free trade agreement for creating a single market across 55 countries with a combined population of 1.2 billion and a total…
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AfCFTA Secretary-General pledges to empower women as part of vision
The Secretary-General of the Africa Continental Free Trade Area, Wamkele Mene, has said part of his vision for the implementation of the Africa trade agreement is the empowerment of women and other vulnerable groups in Africa. He says there must be a conducive atmosphere for women in trade, young Africans and Small and Medium Enterprises…
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Africa’s trade volumes to rise by $35bn annually due to operationalisation of AfCFTA – Alan Kyerematen
Ghana’s Trade and Industry Minister, Alan Kwadwo Kyerematen has said that the operationalisation of the African Continental Free Trade Area (AfCFTA) is expected to increase the volume of trade within the continent by US$35billion annually or 52 per cent by 2022. He said the initiative would also address the challenges of small fragmented markets in Africa…
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Government of Ghana hands over AfCFTA building to AU Commission
Trading activities amongst African countries are expected to begin in January 2021 following the official commissioning and handing over of the Secretariat of the African Continental Free Trade Area in Accra today. The agreement was scheduled to be operational in June 2020 but was postponed due to the coronavirus pandemic. Addressing the media during the…