• 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

Private sector urged to match government’s efforts for AfCFTA

3 years ago
in Business, Features, highlights, Home, home-news, latest News, Trade
2 min read
0 0
0
52
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Private sector urged to match government’s efforts for AfCFTA

The private sector of Ghana has been called upon to match the strides of public sector when it comes to readiness for the Africa Continental Free Trade Area.

Small Scale Enterprises in particular are being urged to build their capacities to be able trade effectively and efficiently by the time trading under AfCFTA swings into full gear.

This clarion call was made by the West Africa Director for civil society organisation, CUTS International, Appiah Kusi-Adomako on the Eye on Port program, in the aftermath of the launch of the National AfCFTA Policy Framework and Action Plan.

He said a study conducted by his organisation assessing the conditions that are needed to allow SMEs take advantage of AfCFTA revealed that SMEs in Ghana lack a robust management system, necessary certifications, export licenses and requisite funds.

“When one is exporting, you should be able to have resources to give some 30,60,90-day credit to give to the importer from the other side. Most of the indigenous SMEs do not have that, even though some of the foreign-owned companies in Tema Free Zone for example have,” he cited.   

He said when talking about Ghana’s readiness for AfCFTA, it is necessary to decouple private sector readiness from state readiness; the latter he opined, is way ahead of the former.

RelatedPosts

The Global Push for a Just Transition in Energy Jobs

Why the IEA Reinstated Its “Business as Usual” Scenario

GRA Targets Offshore Income in Expanded Tax Compliance Drive

Mr. Kusi-Adomako had high praises for the Government of Ghana’s leadership role on the continent when it comes to creating the enabling environment for trading to take off.

He said not only has government hosted the AfCFTA Secretariat, but has been one of the earliest countries to ratify, and now one of the first to develop a strategic policy framework and action plan.

“We have taken a lead among other African countries and largely because the AfCFTA is also the President’s pet child. He managed to get Ghana to host the Secretariat and he is also doing a lot with the 1D1F project. I want to also congratulate the National Coordination Office headed by Dr Fareed Arthur. They have done a good job, in addition to the Ministry of Trade,” Mr. Kusi-Adomako said. 

He emphasized that government efforts will only be fruitful when complemented by commitment of stakeholders especially the private sector.

The West Africa Director for CUTS International, urged private sector members to familiarize themselves with the national AfCFTA policy framework in order to align their activities with the vision of government so together they can achieve success.

He explained that while trading in itself has been close to inactive, the public sector has been assiduous in its preparatory interventions to ready businesses for trading.

Mr. Kusi-Adomako said, “knowledge and information is key to make the right decisions. So government, through its agencies, has made sure that people know about AfCFTA, the opportunities inherent, and market intelligence so people can know where their products are in high demand. A lot of sensitization workshops have been held with the support of other development partners and donor agencies.”

Citing the proverbial “Rome was not built in a day”, the trade expert expressed optimism for Ghana’s fortunes in the free market.

Source: Eye on Port
Tags: Appiah Kusi-AdomakoCUTS InternationalNational AfCFTA Policy Framework and Action PlanPrivate sector urged to match government's efforts for AfCFTA
No Result
View All Result

Highlights

Gold Boom Drives Rising Costs for Australian Producers

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

Premier League: Spurs Stun Man City at Etihad; Arsenal Dominates Leeds to go Top

CHAN 2024: Senegal, Sudan Complete Semifinal Lineup

From Promise to Peril: How Exam Fraud is Eroding Ghana’s Educational Soul

The 10 Fastest-Growing Trading Nations in Africa

Trending

Features

The Global Push for a Just Transition in Energy Jobs

August 24, 2025

The Global Push for a Just Transition in Energy Jobs For years, energy workers from the fossil...

Why the IEA Reinstated Its “Business as Usual” Scenario

August 24, 2025

GRA Targets Offshore Income in Expanded Tax Compliance Drive

August 24, 2025

Gold Boom Drives Rising Costs for Australian Producers

August 24, 2025

La Liga: Barcelona Stages Late Comeback Against Levante as Atletico Madrid Drops Points Again

August 24, 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.