Tag: African Continental Free Trade Area
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Continental Free Trade could impact SMEs negatively – UGBS Lecturer
Small and Medium-scale Enterprises (SMEs) could be impacted negatively by Continental Free Trade due to a poorly regulated business environment and high cost of funding, Dr. Lord Mensah, Senior Lecturer-University of Ghana Business School, has said “Ghana is not ready to take advantage of the African Continental Free Trade Agreement (AFCFTA), which is expected to…
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AU, AfDB sign US$4.8 million grant for free trade secretariat
The African Development Bank Group has signed a US$4.8 million institutional support grant to the African Union (AU) for the implementation of the African Continental Free Trade Area (AfCFTA). The grant, approved by the Group’s Board of Directors on 01 April 2019, forms part of a series of interventions by the Bank in its lead…
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AfCFTA: What is in it for Ghana?
The African Continental Free Trade Area (AfCFTA) is a Single Market (Duty-free, Quota-free) covering the entire African Continent with a total population of 1.2 billion and a combined GDP of almost USD 3 trillion. So far 54 countries out of 55 (with the exception of Eritrea) have signed the AfCFTA and 27 countries have ratified…
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Hosting AfCFTA secretariat in Ghana is a privilege — Akufo-Addo
The Assembly of Heads of State and Government of the African Union (AU) has selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. The decision was announced on Sunday, 7th July, 2019, at the 12th AU Extraordinary Summit held in Niamey, the capital of Niger, after Ghana…
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Ghana wins bid to host AfCFTA Secretariat
African leaders attending the 12th African Union Extraordinary Summit in Niamey, Niger have selected Ghana as the host country for the Secretariat of the African Continental (AfCFTA) Free Trade Area. Ghana beat off competition from Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal. The core mandate of the Secretariat will be to implement the African Continental…
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AfCFTA: Third World Network warns Ghana is not ready ahead of implementation in July
Ghana is not ready for next’s month implementation of the African Continental Free Trade Agreement, the Third World Network, a pan-African NGO, has said. The Agreement, which will take full effect from next month, is aimed at creating the biggest single market in Africa. In an interview with Citi Business News, Program Officer at Third…
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Consult extensively to ensure Ghana benefits from AfCFTA – Dr. Graham
The Third World Network, a pan-African research and advocacy organisation has charged government to exhaust all avenues for consultation with key stakeholders in the economy, to ensure that Ghana does not lose out following the coming into force of the African Continental Free Trade Area agreement on May 30, 2019. Ghana’s Parliament in April 2018…
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Stakeholders call for better collaboration to ensure success of ECOWAS Brown Card Scheme
Stakeholders in the insurance sector in the West African Sub-region have called for greater collaboration amongst the different ECOWAS Brown Card secretariats to ensure prompt payment of claims. 37 years after the signing of the ECOWAS Brown Card Insurance Scheme Protocol, some players have raised concerns about the difficulty in settling claims under the ECOWAS…
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AU delegation in town to assess Ghana’s bid to host African Continental Free Trade Area HQ
A 10-man delegation from the Africa Union (AU) is in the country to assess Ghana’s preparedness and facilities to successfully host the African Continental Free Trade Area Secretariat in Accra. The delegation, led by Ambassador Rosette Nyirinkindi Katungye, AU Advisor on Regional Integration, will spend the next seven days meeting government officials and inspecting facilities…