Ghana and the United Kingdom on December 31, 2020, signed a new trade agreement that seeks to provide duty free and quota free access for exporters of both countries.
The new trade agreement was reached between Alan Kyerematen, Ghana’s Minister of Trade & Industry and the Rt Hon Liz Truss MP, UK Secretary of State for International Trade via a video conference.
“Today we are pleased to announce that we have reached a consensus on the main elements of a new trade agreement. This provides the basis to replicate, the effects of the existing trade relationship between the UK and Ghana – a relationship which is underpinned by our strong people to people connections and has driven economic growth, created jobs, and inspired creativity and innovation in both our countries,” said a statement by the Ghana-UK Joint Ministerial Committee.
“The intention is for the Agreement to provide duty free and quota free access for Ghana and the same preferential tariff reductions for British exporters as provided by the arrangement that is currently in force. We intend over the next few weeks to finalise the text of the Agreement to reflect progress made in relation to rules of origin, cumulation arrangements, time bound commitments, provisions for development cooperation and commitments to human rights and good governance,” added the statement.
Ghana and the UK in agreeing to the new trade pact re-affirmed their shared ambition to further strengthen their partnership in the future.
Below is the press statement:
