To actualise the dreams of the African Continental Free Trade Area (AfCFTA) and keep it afloat, the Ghana International Trade and Finance (GITFiC) has taken a step further to launch a handbook to enable the business community of Africa understand the practicalities.
The book: ‘Actualising the African Economic Vision; A...
remittances, FDI to be hard hit
The possibility of the world’s largest economy - the United States of America (USA) - slumping into recession could have a negative bearing on Ghana’s attempt to navigate its current economic downturn, Associate Professor of Finance at the University of Ghana Professor Elikplimi...
About fourteen (14) bilateral trade deals and memorandums of understanding (MoUs) aimed at deepening economic ties between Africa and the Caribbean have been signed at the just-ended three-day AfriCaribbean Trade and Investment Forum 2022 (ACTIF2022) hosted in Bridgetown, Barbados, in the Caribbean.
The agreements - expected to form the foundation...
The Ashanti Regional Chairman for the Association of Ghana Industries (AGI), Kwasi Nyamekye, has said that cost of power, high interest rates and difficult access to finance can be major hindrances for local manufacturers to compete favourably in the Africa Continental Free Trade Area (AfCFTA).
According to him, these elements...
…The AfCFTA and state interest
Economic integration and globalisation are prominent features of the modern world. Principally, the increase of division of labour and splitting up of supply chains have led to globalisation of production and shipping for several goods and services. Such important strides have further improved international economic...
…as Ghana begins test transactions with six countries
Without any unexpected hitches, the Ghana National Coordinating Office (NCO) of the African Continental Free Trade Area (AfCFTA) will from October this year pilot a guided trading activity with six countries within the bloc, under supervision of the AfCFTA secretariat, Coordinator of...
The Ghana Revenue Authority (GRA) is optimistic that the long-term benefits of the African Continental Free Trade Area (AfCFTA) regarding revenue mobilisation for member-countries will mitigate the expected tariff losses in the short term, Commissioner-General of the GRA, Dr. Ammishaddai Owusu-Amoah, has indicated.
Dr. Owusu-Amoah, who was speaking at the...
The world loses more than US$2trillion annually due to illicit trade, which drains countries of valuable resources and impedes sustainable development.
UNCTAD will host its second Illicit Trade Forum on 6th and 7th September, providing a platform for countries to collaborate on tackling this menace to development.
The event, to be held in...
Export Trading Companies (ETCs), when established in Africa, are expected to assist in ameliorating the varied issues that make exports from this region uncompetitive.
Speaking on Eye on Port, some trade experts believe the establishment of ETCs will provide solutions to major supply chain issues that make trade expensive.
“ETCs will...
The Africa Export and Import Bank (Afreximbank) has selected Ghana as part of a continental initiative to facilitate the creation and expansion of Export Trading Companies (ETCs) to promote intra-Africa trade under the AfCFTA.
Export Trading Companies provide support services for firms engaged in exporting such as shipping, warehousing, insurance...