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closure of nigeria-benin border affecting trade – guta

The Ghana Union of Traders Association (GUTA) has held a meeting with the Ministry of Foreign Affairs to deliberate on the Nigerian border closure and retail trade by foreigners in the country. Nigeria has closed its Igolor and Seme-Krake (Nigeria-Benin) borders for the past two months. The closure of the borders has affected Ghanaian traders, as some goods have been locked up at the border. Re..read more

uk-ghana business council to enhance strategic partnership for job creation

The third meeting of the United Kingdom-Ghana Business Council held in Accra on Friday committed to taking a deeper and more strategic bilateral partnership, to enhance economic development, job creation and trade and investments opportunities.The Council was established 12 months ago as a high-level forum to promote bilateral relations and strategic partnerships between Ghanaian private sector..read more

borderless alliance, gsa hold multi-stakeholder dialogue on etls and afcfta

The Borderless Alliance, a private sector advocacy group, in collaboration with the Ghana Shippers’ Authority, has held a multi-stakeholder dialogue on the ECOWAS Trade Liberalization Scheme (ETLS) and the African Continental Free Trade Area (AfCFTA). The multi-stakeholder dialogue was to highlight the opportunities and challenges associated with the implementation of the ETLS and AfCFTA ..read more

govt aiming to raise ghs42bn in domestic revenue in 2019 – ofori-atta

Finance Minister, Ken Ofori-Atta, has said that government is aiming to raise GHS 45.2bn in domestic revenues in 2019. He said this during the swearing-in ceremony of Professor Stephen Adei as the new board chair of the Ghana Revenue Authority (GRA) and Mr. Eugene Asante Ofosuhene as a Board Member. At the ceremony, he also accepted the retirement notification of Mr Kofi Nti, the current Commis..read more

ghana bids for au free trade secretariat

A 10-Member African Union (AU) Trade Delegation has arrived in Ghana. The Delegation is in town to assess Ghana’s facilities and preparedness to host the Secretariat of the Continental Free Trade Area (CFTA). The Delegation is being led by Ambassador Rosette Nyirin Kindi Katungye, AU Advisor on Regional Integration, Bureau of the AU Chairperson. Ghana has placed a bid to host the Secretar..read more

ghana determined to make most out of afcfta— president

Ghana is determined to make the most out of the African Continental Free Trade Area (AfCFTA) agreement and would leverage on the trade and investment opportunities that the pact presents to accelerate the country’s development and prosperity, President Nana Addo Dankwa Akufo-Addo has said. Addressing the opening of a three-day National Conference on the implem..read more

gra customs division collects ghc373 million as revenue

The Ashanti Regional Command, Customs Division of the Ghana Revenue Authority (GRA), realized a total revenue of GH¢373.102 million as at June, 2019. Assistant Commissioner (AC) Frederick Yankey, the Regional Customs Division Commander, said their target was GH¢375.447 million, translating into a negative variance of GH¢2.345, which represented 0.62 per cent. Last year, the Comma..read more

full statement: 2019 mid-year budget review

MID-YEAR FISCAL POLICY REVIEW OF THE 2019 BUDGET STATEMENT AND ECONOMIC POLICY
1. Right Honourable Speaker, Honourable Members of Parliament, today the 29th July 2019 on the authority of His Excellency, President Nana Addo Dankwa Akufo-Addo, I beg to move that this august House approves the Mid-Year Fiscal Policy Review and Supplementary Estimates to the 2019 Budget. 2. M..read more

paperless clearance system improves ghana's port operations

Marketing and Public Affairs Manager of Tema Port, Serwaa Opoku-Fosu, has reaffirmed that the paperless processes at Ghana’s Ports have improved the turnaround time of cargo, transparency and eased of doing business at the Port. “There is reduction in the cargo clearance time, we position the cargo for you when you’re ready for examination. Also, an agent can work on multiple ..read more

the eco and ghana: west africa’s single currency

At the end of an ECOWAS summit in Abuja, Nigeria on June 29, 2019, 15 countries in West Africa, including Ghana, agreed to adopt a single currency next year called the Eco. Negotiations for a single currency in West Africa began about 30 years ago. Since January 1999, 19 countries in Europe have surrendered monetary sovereignty through the European Economic and Monetary Union. They use a curren..read more

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