• 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

Gov’t bets on ETC guidelines to shore up AfCFTA 

3 years ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets, Trade
2 min read
0 0
0
133
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Gov’t bets on ETC guidelines to shore up AfCFTA 

A Deputy Trade and Industry Minister in charge International Trade, Herbert Krapa, has confirmed that government has begun negotiations to develop a regulation aimed at attracting private investments for partnership in setting up the Export Trading Companies (ETCs).

According to him, there is no Africa Continental Free Trade Area (AfCFTA) without export and adds that ETC’s will help lift AfCFTA off the ground.

Speaking to the press at the Afreximbank Export Trading Companies seminar in Accra on Monday, he said, “We need to ensure that we build ETC’s across Africa, there is no AfCFTA without export, government of Ghana has a role to play in terms of putting up a regulation to ensure we are able to attract private investments for partnership in setting up these ETC’s, whether is one or medium size, whatever the number is, we need to ensure we are geographically diversed across the country.”

He also maintained that ETCs will provide market intelligence, information for small medium enterprises(sme’s), manufacturers, others.

AfCFTA, if fully implemented, could raise incomes by 9 percent by 2035 and lift 50 million people out of extreme poverty.

For officials of Afreximbank, the benefits of AfCFTA would be realised to a greater extent if ETCs gains a foothold not only in Ghana but across the continent.

RelatedPosts

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme – Presiding Bishop Asamoah-Gyadu Discloses

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

Making a case for the establishment of a legal framework for managing the ETC sector, Olufemi Adebiyi, an SME Specialist and Organisational Strategist indicated that the creation of the “facilitative” regulator -within the legal framework, aligns or adjust national industrial policy to reflect the emergence of ETC’s.

Noting that steps that should be taken include: the state intervention to compensate for inadequacies of capital, skilled labour, entrepreneurship and technological capacity.

He also stated that there was the need to incentivize the ETC programme with various measures comprising fiscal based measures such as tax incentives, preferential certificate of origin, market readiness assistance ; monetary based measures such as guarantees, priority interest rates, grants-in-aid. 

For Mr.Adebiyi, smes are predominantly handicapped to undertake commercial export in terms of knowledge, information, capacity/scale, corporate governance, contract  sanctity. 

However, he notes that ETCs are expected to engage the SMEs in a supply chain relationship with impacts such as improved export behaviour in the short run, growth in the medium term and improved/sustainable productivity in the long run.

ETCs are intended to address the issue of moving from exporting raw materials to industrialised products.

An ETC is a commercially run and profit-orientated organization, investors invest in ETC to promote intra-and extra-African trade and thus contribute to the development of trade and economic growth of Africa.  

Tags: Africa Continental Free Trade Area (AfCFTA)Export Trading Companies (ETCs)Gov’t bets on ETC guidelines to shore up AfCFTA
No Result
View All Result

Highlights

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

Prof. Bokpin Faults Ghana’s Budget Framework for Rewarding SOE Underperformance

Ghana Becomes Dangote Refinery’s Latest Crude Source as Refinery Hits 70% Capacity

GHS 395 Billion Asset Value of SOEs Formed 33.5% of Ghana’s GDP in 2024

JVCs Post GHS1.51bn Profit, Assets Rise 39.9% in 2024 – SIGA Report

Trending

Features

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme – Presiding Bishop Asamoah-Gyadu Discloses

September 1, 2025

Methodist Church Ghana to Launch Connexional Entrepreneurship Programme - Presiding Bishop Asamoah-Gyadu Discloses The Presiding Bishop of...

Rt. Rev. Emmanuel Ansah Urges Graduates to Embrace Failure as Methodist Church Ghana Outdoors First Cohort of Wesleyan Entrepreneurship School

September 1, 2025

President Mahama Removes Chief Justice Torkornoo from Office Over Stated Misbehaviour

September 1, 2025

Liverpool Set to Break British Record with Alexander Isak Signing on Deadline Day

September 1, 2025

Morocco Poised to Make History as First African Qualifiers for the 2026 World Cup

September 1, 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.