The United Kingdom (UK) in a surprise move has backtracked from a duty free and quota free trade agreement reached with the Government of Ghana on December 31, 2020.
Ghana and the UK on December 31, 2020, reached a consensus on a new trade agreement that sought to provide duty free and quota free access for exporters of both countries.
The agreement was reached between Alan Kyerematen, Ghana’s Minister of Trade & Industry and the Rt Hon Liz Truss MP, UK Secretary of State for International Trade via a video conference.
But the UK government norvanreports understands, after the agreeing to the deal, went back to amend statements covering the agreement stating that talks are still ongoing with the Ghanaian government and that the trade pact will not be in force by January 1, 2021 as expected by both countries.
The government of Ghana sources reveal, is being forced to form a new trade agreement with the UK following its exit from the European Union (EU).
Ghana currently has a duty free and quota free trade agreement in place with members of the EU.
Below is the press statement issued by Ghana’s Trade Ministry on the agreement reached with the UK
