The second edition of the State of AfCFTA Trading Summit, an initiative of the AfCFTA Policy Network (APN) in association with AfCFTA Secretariat, will take off today, July 29, 2022 at the R.S Amegashie Hall - University of Ghana Business School (UGBS). The summit is expected to be in four...
Recognising the untapped potential of Ghana’s Chocolate industry, the Chief Executive Officer of Ghana Export Promotion Authority (GEPA), Afua Asabea Asare, has said that her firm has taken good steps to enrich the chocolate industry. In view of this, GEPA has collaborated with organisers of the prestigious Wines of South...
But the positive trend for international trade may soon come to an end amid tightening policies and geopolitical frictions The value of global trade rose to a record US$7.7trillion in Q1 2022, an increase of about US$1trillion relative to Q1 2021, according to UNCTAD’s Global Trade Update published on...
Ghana’s import of essential food commodities has reached an average US$2 billion each year, the Ministry of Finance (MoF) has said. According to the MoF, key foodstuffs including rice, poultry, sugar and tomatoes comprise a chunk of the imports. Data from the ministry indicates that between 2017 and 2020 alone, the...
The Ghana Stock Exchange has initiated a process to formalise the trading of commercial papers – unsecured, short-term fixed-income securities issued by a corporation - on the local bourse. Commercial paper is short-term debt securities or loans issued by corporate bodies, usually large banks or corporations. This debt security has...
The Secretary-General of the Africa Continental Free Trade Area (AfCFTA), Wamkele Mene, has stated that the high hopes and expectations banked on the newly created largest trade market in the world, AfCFTA, will come to nothing if countries and regional blocks fail to industrialise. According to him, though Africa is...
The Secretary-General of the AfCFTA secretariat, Wamkele Mene, has addressed the second regional coordination meeting of heads of regional economic communities (RECs) on implementation of the continental free trade area, in Arusha, Tanzania. He emphasised that the secretariat aims to commence commercially meaningful trading under the AfCFTA very soon. “This challenge...
Principal Communications Advisor to the AfCFTA Secretariat, Ms. Grace Khoza, has applauded the show of political commitment by various heads of state parties to the AfCFTA agreement since the start of operations in the country. She particularly singled out the government of Ghana for praise, recounting the seamless relationship since...
The AfCFTA Secretariat says it remains confident that its strategic partnerships and alliances with similar minded institutions will help fast-track the delivery of its core mandate of facilitating seamless intra-Africa trade. “We can’t deliver this mandate on our own; the reality of it is that we depend on strategic partners...
Data from the State Insurance Company (SIC) has revealed that transit trade for the first quarter of 2022 decreased by 23 percent compared to the same period in 2021. This was made known by the Head of Transit Bond Guarantee System at the SIC, Mr. Osei Ntiamaoh, at a meeting...