• 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

Challenges with ETLS casts doubt over successful implementation of AfCFTA

3 years ago
in Business, Editor's pick, Environment, Features, highlights, Home, home-news, latest News, Lifestyle, Markets, Trade
2 min read
0 0
0
187
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Challenges with ETLS casts doubt over successful implementation of AfCFTA

The successful implementation of the African Continental Free Trade Area (AfCFTA) agreement is being questioned at the moment given some challenges being encountered in the movement of goods across borders of member states of the ECOWAS region.

For sometime now, there have been allegations of harassment, corruption and difficulties in the movement of goods across the borders of West African countries.

These issues are despite the existence of the ECOWAS Trade Liberalisation Scheme (ETLS) which is meant to facilitate and enhance cross-border trade among member states.

Given the new development, others have begun to question how successful the implementation of the AfCFTA would be given the disregard to the ETLS protocol by trade actors in the ECOWAS region.

Speaking on the matter in an interview on the Single African Market (SAM) show, Executive Secretary of Borderless Alliance, Justin Bayili, averred the success of the AfCFTA is dependent on the success of the ETLS.

According to him, this is because just like the ETLS which is a trade protocol, the AfCFTA is made up of trade protocols which need to be observed and complied with by members of the AfCFTA.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

“If the ETLS doesn’t work, then I don’t see the AfCFTA working also, because the AfCFTA just like the ETLS is made of protocols, and so if people, companies don’t comply with it in terms of free movement of goods and people, then the AfCFTA will face some very serious challenges [sic],” he stated.

Speaking further on the matter, Mr Bayili noted the ETLS in view of the recent issues, is being worked on to build trust among member states, asserting the main tool to helping member states achieve that is the certificate of origin.

“Areas of ETLS which need to be looked at immediately if we want to leverage on it and benefit from AfCFTA are areas on how to build trust among one another and the main tool to doing that is the certificate of origin requirements and that’s being done.

“So the ETLS now seeks to harmonize issuance of certificate of origin to improve trust among member states under the AfCFTA,” he remarked.

Despite the recent issues, Mr Bayili stated the ETLS is working for member states in the ECOWAS region, especially for countries such as Ghana, Nigeria and Ivory Coast which have strong and well-structured manufacturing sectors.

Source: norvanreports
Tags: African Continental Free Trade Area (AfCFTA)Bank of Ghana (BoG)BOGChallenges with ETLS casts doubt over successful implementation of AfCFTACovid-19COVID-19 pandemicECOWAS TradeECOWAS Trade Liberalisation Scheme (ETLS)ghanaNigeriaSingle African Market (SAM) showWorld Bank
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 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.