Trade in technical goods between Ghana and Italy grew by 30% reaching 90 million Euros in 2022. According to the Italian Ambassador to Ghana and Togo, H.E. Daniela d'Oriandi, this growth suggests that many more Ghanaian companies are looking for Italian solutions. "We invest in innovation, training, provide technical assistance, and...
Trade between Ghana and Italy reached €800million in 2022, representing an increase from the previous year’s €500million, Italian Ambassador to Ghana, Daniela d’Orlandi, has disclosed. The ambassador said further growth is expected by the end of this year, with due measures put in place by the embassy through the Italian...
Programmes officer of the African Continental Free Trade Area (AfCTA), Divine Kutortse, has revealed that his outfit is currently evaluating its trade agreements to meet the needs of women in cross-border trade. He said this at the just-ended National Women’s Conference on the Africa Continental Free Trade Area (AfCTA) organised...
About 16 leading commodities exchanges across Africa have come together to establish the AfCFTA Association of Commodities Exchanges (A-ACX), in a historic move. This follows the signing of a memorandum of understanding (MoU) at the Intra-Africa Trade Fair in Cairo, Egypt and comes on the back of months of negotiations....
Over the past few years, African Union, the continental organization, has made intra-African trade its newest flagship and has created the Intra-African Trade Fair (IATF), which provides a unique and valuable platform for potential investors to support the continent's transformation through industrialisation and export development, for businesses to access...
Head-Freight and Logistics, Ghana Shippers Authority (GSA), Fred Asiedu-Dartey, has said the removal of "unwarranted economic obstacles and non-tariff barriers" will unlock the African Continental Free Trade Area’s (AfCFTA) full potential. This action, he stated, will result in an enhanced transportation system - consequently boosting the competitiveness of domestic industries...
The African Union (AU) Summit of Heads of State and Government, AfCFTA Council of Ministers responsible for Trade, Afreximbank and the AfCFTA secretariat were mandated to establish and operationalise the AfCFTA Adjustment Fund through a General Partnership - the AfCFTA Adjustment Fund Corporation - with operations of the Fund domiciled in Rwanda. The Fund will support...
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...