Trade between Ghana and China reached an all-time record of US$10.2billion in 2022 from US$6.67billion in 2017.
More importantly, Ghana's exports to China increased by 60 percent last year, the Chinese Ambassador to Ghana, Lu Kun, has said.
The ambassador disclosed this at the celebration of the People’s Republic of China’s...
Introduction to Correspondent Banking
Correspondent banking may sound like a term straight out of a financier’s dictionary, but its implications ripple through the entire economy, touching the lives of both businesses and individuals. Essentially, it’s the process by which banks provide services to each other, including cross-border transactions and large-scale...
The annual value of trade between Ghana and Turkey is set to hit US$900million and cross the US$1billion mark by the close of 2025 and 2027 respectively, said the Ghana-Turkey Chamber of Commerce.
As of 2020 the total trade value between Ghana and Turkey stood at US$771million, a marked increase...
The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC) and African Continental Free Trade Area (AfCFTA) secretariat, today hosted an official business roadshow in Dubai, the UAE, ahead of the Intra-African Trade Fair (IATF 2023) to be held from 9th to 15th November 2023 in Cairo,...
The African Export-Import Bank (Afreximbank) has signed an MoU with the United Arab Emirates (UAE) Trade Centre to promote the TRADAR Club solution in the market.
The Cooperation Agreement was signed between Afreximbank and the UAE Trade Centre on the side-lines of the Intra-African Trade Fair (IATF2023) Press Conference and...
The African continent is mostly connected by land, as there are approximately 110 inter-state boundaries in Africa with so many inter-state borders running through the length and breadth of the continent. This stems from the colonial rationale of African political geography, which has resulted in the present-day Africa with...
A recent report by the Ghana Statistical Services (GSS) has spotlighted the intricate dynamics of trade across the African continent, igniting discussions on the pressing need for economic diversification and the significance of the African Continental Free Trade Area (AfCFTA) initiative.
The release of the ‘Ghana 2022 Trade Vulnerability Report’...
An estimated amount of US$5.7billion is expected to result from two-way trade and investments between the United State of America and African countries, says Under-Secretary of Commerce for International Trade of the United State of America, Marisa Lago.
The projected figure will be achieved from 75 new transactions between the...
The Secretary-General of African Continental Free Trade Agreement (AfCFTA) Secretariat, Wamkele Mene stated that “the establishment of the AfCFTA does not only promote continental trade and economic integration in Africa but also support economic integration and trade facilitation between Africa and the rest of the world as the objective...
The evolving trade dynamics between China and Africa have set the stage for burgeoning opportunities. Within the expansive landscape of the Chinese economy, the export sector has emerged as a pivotal arena for engagement. Notably, a substantial portion—approximately 40%—of China's agribusiness consumables are imported, underscoring a robust market. Of...