By Nadia CALVIÑO
This year’s United Nations Climate Change Conference (COP29) in Baku is taking place against a tumultuous geopolitical backdrop. In addition to shifting strategic alliances, trade tensions, and violent conflict, the “year of elections” has ushered in a period of heated political rhetoric and led to changes of...
Ghana has declined in the latest Stanbic Bank Africa Trade Barometer (SB ATB) rankings, highlighting growing trade challenges in the country.
According to the report, Ghana slipped from 3rd place in May 2023 to 7th in August 2024. This marks a significant drop from its near-top position in September 2022,...
By Wisdom JONNY-NUEKPE
The value of essential agricultural and related imports was US$2.66billion in 2023, a decrease of about 2.5 percent compared to US$2.73billion in 2022, data from the United States Department of Agriculture (USDA) have indicated.
USDA noted the slump was due to relatively minimal gains made toward advancing the...
By Juliet ETEFE, New Delhi
India's trade with Africa is nearing US$100billion and cumulative investments surpass US$75billion.
This, says Special Secretary-Economic Relations and Development Partnership Administration (ER&DPA), Ministry of External Affairs, India, Shri P. Kumaran, represents his country’s commitment to building strong, sustainable economic ties with Africa through mutual respect...
to curb US$200m yearly losses, boost timber trade
By Kizito CUDJOE
Ghana is preparing to complete the process necessary for issuing Forest Law Enforcement, Governance and Trade (FLEGT) licences in partnership with the European Union (EU).
Forest Law Enforcement, Governance and Trade is a European Union initiative to address illegal logging...
By Kizito CUDJOE and Sandra Agyeiwaa OTOO
The Association of Ghana Industries (AGI) is optimistic about changes to the country’s Value Added Tax (VAT) system under the next government, following discussions with political parties during the preparation of their manifestos.
AGI’s Chief Executive Officer, Seth Twum-Akwaboah, said the Association regularly engages...
By Richmond Kwame FRIMPONG
Africa’s trade growth by 2025 will be largely shaped by several major developments, including the implementation of the African Continental Free Trade Area (AfCFTA), rising intra-African trade, industrialization efforts, and expanded connectivity through infrastructure projects.
AfCFTA, launched in January 2021, stands as the continent’s most ambitious trade...
The Ministry of Trade and Industry (MoTI) has tabled a bill before parliament to foster MSME operations.
The bill, when passed into law, will consolidate all business registration and certification processes from the various state agencies – such as the Ghana Standards Authority (GSA), Food and Drugs Authority (FDA), Office...
By Ernest Bako WUBONTO
The Deputy Minister of Trade and Industry (MoTI) in charge of Micro, Small and Medium Scale Enterprises (MSMEs) and Internal Trade, Kofi Ahenkorah Marfo, has revealed that the ministry has tabled a bill before parliament to foster MSME operations.
The bill, he emphasised, when passed into law...
By Bernard Yaw ASHIADEY & Ebenezer Chike Adjei NJOKU
Trade goes hand in hand with compliance. A very compliant system boosts trade opportunities for businesses and economies and so it is no surprise that Africa’s premier trade bank and trade facilitator, African Export-Import Bank (Afreximbank) organises the annual Afreximbank Compliance...