The Vice President, Dr. Mahamudu Bawumia, has said the current system adopted by the Pan African Payment and Settlement System (PAPSS) - wherein individual financial institutions are told to integrate directly into it - is inefficient and likely to impede trade.
For him, it would be better and more efficient...
For the country to realise maximum economic gains in forex trading, there is a need for an enhanced regulatory framework that will strategically streamline activities, digital transformation and innovation expert, Dr. Myles Christian Hagan, has said.
According to him, forex trading and cryptocurrencies all over the continent have great potential...
Last month, the Economic Community of West African States (ECOWAS) announced that it would postpone the launch of its single currency - the ‘eco’ - to 2027, due to challenges posed by the COVID-19 pandemic. While the move does not come as a surprise, given the inherent complications with...
The African Continental Free Trade Area (AfCFTA) Secretariat, the African Union (AU), the United Nations Economic Commission for Africa (UNECA) and African Export-Import Bank (Afreximbank) have unveiled a statue in honour of Issoufou Mahamadou, former President of the Republic of Niger and African Union Champion of the AfCFTA in...
Vice President Dr. Mahamadou Bawumia has emphasised the need for member-countries participating in the continental trade pact to collaborate and integrate, as a lack of that will retard any progress governments are making to recover their respective economies from the pandemic.
Speaking at the launch of the 2021 African Transformation...
The Ghana Investment Promotion Centre (GIPC), in collaboration with the United Nations Industrial Development Organisation’s (UNIDO) Investment Technology Promotion Office (ITPO) in Tokyo, organised the Ghana-Japan Investment Seminar on 13th July 2021, to deepen linkages between the country and Japan’s business community.
The virtual event introduced Japanese private corporations and...
To assume that elements of fragmentation across the continent would not threaten the successful running of AfCFTA, especially in its nascent stage, would be narrow-minded but these challenges are not insurmountable and outstanding impediments will crumble progressively, as the socio-economic benefits of the agreement become evident.
This is the view...
Countries participating in the African Continental Free Trade Area (AfCFTA) agreement must ensure they have all automated their systems in order to deal with trade barriers and issues of dumping to make the establishment of the bloc successful, technology and trade experts have advised.
Speaking at a virtual event themed:...
The Chartered Institute of Marketing, Ghana (CIMG) has called on government to give clear directions to Ghanaian businesses to enable them take full advantage of the African Continental Free Trade Area (AfCFTA), based on the country’s comparative advantages in trade.
The National President of CIMG, Dr. Daniel Kasser Tee, made...
The Union of African Shippers' Councils (UASC) and the Africa Continental Free Trade Area (AfCFTA) have signed a Memorandum of Understanding (MoU) to help facilitate the movement of goods on the continent in a quicker manner. The MoU seeks to set the legal framework which binds both parties to support...