Graphic Online
BY: Ama Amankwah Baafi
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Ghana and Israel are harnessing resources to increase trade between the two countries.
Data from the International Trade Centre (ITC) map show that Ghana’s exports to Israel are negligible.
From a trade value of $49 million in 2015, Ghana currently exports just about $4 million worth of products to Israel.
The Director, Marketing and Promotion at the Ghana Export Promotion Authority (GEPA), Mrs Agnes Gift Adjei-Sam, who disclosed this during a webinar on
“Ghana’s Non-traditional export (NTE) sector and exporting to Israel” on March 4, 2021, said $4 million compared to about $16 million from Israel was not enough.
AfCFTA expected to significantly promote peace and security businessdayghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdayghana.com Daily Mail and Mail on Sunday newspapers.
Negotiations between Ghana and the UK technical teams for this new trade framework started in March 2018. Speaking at the signing ceremony, Minister of Trade-designate Alan Kyerematen noted that the new agreement reaffirms the deep interest of both Ghana and the UK to strengthen “our longstanding trade and economic relationship and establishes a new framework for Ghana-UK collaboration which will contribute to sustained economic growth in Ghana.” He said the agreement also reflects the importance that both the UK and Ghana attach to integration between the West African States within the context of the Economic Community of West African States (ECOWAS) and amongst African States within the context of the African Continental Free Trade Area (AfCFTA).
Graphic Online
BY: Maclean Kwofi
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Ghana has put in place an institutional framework to help maximise gains from the African Continental Free Trade Agreement (AfCFTA) which took off on January 1, this year.
It includes the establishment of the AfCFTA inter-ministerial committee, national steering committee, and technical working groups on all the seven clusters for boosting intra-Africa trade.
Additionally, it has also designed AfCFTA National Action Plan and National Export Development Strategy (NEDS) meant to help revitalise the country’s export development efforts with a strong focus on Africa’s over 1.2 billion consumer market.
The Minister designate for Trade and Industry (MoTI), Mr Alan Kyerematen, made this known in a speech read on his behalf by Dr John Asiedu, at an AfCFTA sensitisation seminar in Accra yesterday.
President Akufo-Addo Tuesday officially signalled the beginning of Ghana 39;s trading relationship with other African countries under the Africa Continental Free Trade Area (AfCFTA) agreement.