Connect with us


Ghana receives approval to trade 700 products under AfCFTA



Ghana has received approval from the authority of the African Continental Free Trade Area (AfCFTA) to trade 700 local products within the African continent, a senior official said.

Minister of Trade and Industry Kobina Tahir Hammond made the announcement on the first day of the Made-in-Ghana Bazaar.

He said the government has been taking a number of steps aimed at making Ghanaian products competitive domestically and abroad under the AfCFTA.

The minister said the government took advantage of the AfCFTA Guided Trade Initiative and facilitated market exploratory missions for 63 companies to Kenya and 52 companies to Tanzania.

“As a result, a total of 700 products have received rules-of-origin certification to trade under AfCFTA,” he said.

Hammond reiterated the government’s resolve to continue to create a conducive environment for the development of small and medium enterprises (SMEs) and other manufacturing concerns in Ghana.

He urged the private sector to take advantage of the enabling environment to invest in local manufacturing.

“Ghana can only make strides in AfCFTA with the full participation of the private sector, particularly our SMEs, which form an integral part of Ghana’s economic transformation,” said Mavis Nkansah-Boadu, deputy minister for foreign affairs.

The bazaar was put together by the Ministry of Foreign Affairs and Regional Integration to identify SMEs that make local products for export.

The event will attract batik makers, weavers of Ghanaian kente fabric, food processing companies, and machinery fabricators, among others.

Ummul Idris

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.



Shell Digital Plan RESPONSIVE600x750
Shell Digital Plan RESPONSIVE600x750