More than two million West African farmers toil daily to produce precious cocoa beans, but few will ever taste the fine chocolate it eventually produces. The trees that produce these butter-rich pods do not grow outside the steamy tropics, thriving instead on the bulge of Africa. As such, the region produces the bulk of the world’s cocoa. Yet, Belgian, Swiss, Italian and ...
Read More »Ghana To Adopt New Currency
Ghana is determined to join a new West African currency, “Eco”, which is expected to replace the CFA Franc as early as 2020, according to a statement from the presidency. This move will help remove trade and monetary barriers, reduce transaction costs, boost economic activity, and raise the living standards of people. Ivorian President Alassane Ouattara recently announced that the eight-member West ...
Read More »Ghana Hosts Key AfCFTA Meetings
Ghana, under the auspices of its Ministry of Trade and Industry, began hosting a series of meeting for African Trade Ministers and Senior Trade Officials to advance the cause of the African Continental Free Trade Area (AfCFTA). The 17th Meeting of the African Continental Free Trade Area (AfCFTA) Negotiating Forum began the 7-day meetings at the Accra International Conference Centre. An ...
Read More »EIA Goes Online With Vital Information On Rosewood Trade
Ghananian traders and citizens will now have information about the value and quantity of illegal Rosewood imported to China with the help of the Environmental Investigation Agency (EIA). According to a September report, approximately 9,330 tons of Rosewood was imported to China, which is a breach of regulation that clearly prohibits export, transport and harvest of species. Another investigation points ...
Read More »Nigerian Border Closure To Affect African Trade
The Intra-African trade faces a grim future owing to closure of Nigerian border. International relations expert Dr. Vladimir Antwi-Danso has expressed his dissatisfaction about these activities and wishes to initiate dialogues with the Nigerian authorities to improve the situation. “Every country is trying to be protectionist, America is doing it, China is doing it, but the only thing we can ...
Read More »Ghana Predicts Surplus Trade By End Of 2019
For the first time, Ghana recorded increase in exports compared to imports since 2017. This trend was maintained in 2018 as well. President Nana Addo Dankwa Akufo-Addo attributed this success to his administration that ensured economic recovery over the past three years. Ghana is the leading recipient of foreign direct investments in West Africa. The President asserted that the economy ...
Read More »Ghana Predicts Surplus Trade By End Of 2019
For the first time, Ghana recorded increase in exports compared to imports since 2017. This trend was maintained in 2018 as well. President Nana Addo Dankwa Akufo-Addo attributed this success to his administration that ensured economic recovery over the past three years. Ghana is the leading recipient of foreign direct investments in West Africa. The President asserted that the economy ...
Read More »Ghana Predicts Surplus Trade By End Of 2019
For the first time, Ghana recorded increase in exports compared to imports since 2017. This trend was maintained in 2018 as well. President Nana Addo Dankwa Akufo-Addo attributed this success to his administration that ensured economic recovery over the past three years. Ghana is the leading recipient of foreign direct investments in West Africa. The President asserted that the economy ...
Read More »