• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Assessment of AfCFTA potential market underway

5 years ago
in Business, highlights, Home, home-news, latest News
1 min read
0 0
0
AfCFTA Secretariat in Ghana - norvanreports

AfCFTA Secretariat in Ghana - norvanreports

132
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana has begun industrial work to assess market potential for uptake of specific products on the African continent.

This has become necessary due to the impending implementation of the Africa Continental Free Trade Area (AfCFTA) and National Export Development Strategy which seek to harness the potential of the private sector and export commonality in general.

The move falls in line with the Africa Union and International Trade Centre’s initiative in providing solutions to countries in an effort to avoid an overlapping of export sector priorities as countries could potentially prioritize similar produce ahead of AfCFTA implementation next year January.

Indeed, Ghana’s current export to Africa hovers around US1.4 billion. Although the country’s export to the continent has been growing at annual rate of 10.2% since 2015, Ghana’s share of total intra-African trade combined, that is, imports and exports, within Africa is only 4%, according to the Ministry of Trade and Industry (MoTI).

This warrant the need to critically assess Africa’s market potential for uptake of specific products that seek to harness the potential of Ghana’s export community.

In a keynote address read on behalf of Alan Kyerematen, Minister for Trade and Industry, by Dr. John-Hawkins Asiedu, Technical Director of MoTI, he stated that it has become imperative the private sector is adequately resourced by governments in the wake of the implementation of AfCFTA and NEDS.

To achieve the set objective of the Strategy to enable Ghanaian businesses take optimal advantage and harness their opportunities in the operationalisation of AfCFTA, Ghana Export Promotion Authority (GEPA) has outlined strategic interventions expected to be taken at regional and district levels.

Speaking during a regional conference on the implementation of AfCFTA and NEDS in Wa in the Upper West Region, Chief Executive Officer of GEPA, Dr. Afua Asabea Asare noted that the Authority is committed to perform its coordinating role in the development and facilitation of exports.

“It is expected that each district in Ghana should develop at least one exportable product that will provide the needed raw materials to feed the ever-expanding numbers of factories being established and this is under GEPA’s suggested One District, one Factory Product (1D1F) programme, a speech read on her behalf by a Deputy Chief Executive of the Authority, said.

RelatedPosts

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

No Result
View All Result

Highlights

OPEC+ Nears Decision Point on Next Oil Output Hike

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Trending

Business

Multichoice Rebuffs Minister’s Claim On DSTV Price Cuts, Cites Market Conditions

August 3, 2025

Multichoice Rebuffs Minister's Claim On DSTV Price Cuts, Cites Market Conditions MultiChoice Ghana has pushed back against...

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.