• 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

Member countries must be ready for AfCFTA regardless of preparations – AGI

5 years ago
in Business, highlights, Home, home-news, latest News
2 min read
0 0
0
105
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Mr Seth Twum Akwaboah, Chief Executive Officer of the Association of Ghana Industries (AGI), has stressed the need for member countries of the African Continental Free Trade Agreement (AfCFTA) to put their acts together to kick start trading in January 2021.

He said the industrial development of the 52 member countries which had signed onto the trading block, must not necessarily be completed before they could start trading under the continental framework.

Mr Akwaboah, who was speaking at the 21st annual general meeting of the Ashanti, Bono and Ahafo branches of the Association in Kumasi, pointed out that the whole essence of AfCFTA was to support the industrial development, transformation and trading.

What was important, he said was for every country to have its own strategies to be able to penetrate the markets.

The conference was held under the theme “building resilience and local capacity towards AfCFTA”.

The main objectives of the AfCFTA are to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave way for accelerating the establishment of the custom union.

Mr Akwaboah said the AGI’s readiness in trading under AfCFTA had propelled management to intensify education and sensitize its member companies on protocols, mechanisms, certificate of origin, rules of origin and engagement as well as other critical issues in trading on that platform.

RelatedPosts

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

Again, management was working closely with the Ministry of Trade to pick selected products that had the potential to thrive within the African continent, as well as defining the kind of interventions member companies could need to thrive.

The Ministry, according to Mr. Akwaboah, had also set up a technical working group, which was developing specific country strategy that would help facilitate the process for Ghanaian industries – to produce goods which were competitive and matched the AfCFTA standards.

He pointed out that fake products could be easily identified and banned from the markets, and advised member companies to always work with the Ghana Standards Authority for product certification.

Mrs. Afua Gyamfua Owusu-Akyaw, Ashanti Regional Chairperson, AGI, said the Association was committed to leading the advocacy for members for a friendly business environment especially, in the era of COVID-19.

She used the occasion to appeal to the government to speed up the processing of funds for members who were yet to access the stimulus package and the MASLOC loans.

Source: ghananewsagency
Tags: AFCFTAAGIMASLOCSeth Twum Akwaboah
No Result
View All Result

Highlights

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

Morocco and Madagascar set up Historic CHAN Final in Nairobi

US Open: Defending Champions Swiatek and Sinner Cruise Into Second Round

Otto Addo Names Strong 24-Man Squad As Black Stars Prepare For Crucial World Cup Qualifiers Against Chad and Mali

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Trending

Business

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports

August 27, 2025

 Importers and Exporters Association Decries “Mafiarian” Auctions of Perishable Goods at Ghana’s Ports The Importers and Exporters...

Nigeria Leads as Africa’s Wealthiest Economies Lose Over 8,000 Millionaires in 10 Years

August 27, 2025

Financial Stocks Gain as Accra Bourse Slips on Prime Index Decline

August 27, 2025

Ghana in Talks With Nigeria Over Possible Barter Deal to Swap Gas for Electricity

August 27, 2025

Ghana set to Save $300m in Debt Restructuring Deal With IPPs – ACEP’s Ben Boakye Discloses

August 27, 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.