An International Consultant, Mrs Jan Forest, has urged manufacturers in the export trade business to seek education on the customs and regulations of the United States of America (U. S.A) before exporting goods through the African Growth and Opportunity Act (AGOA) trade initiative. She explained that the education would enable the local companies to realise … Read more
The Economic Community of West African States (ECOWAS) have been advised to take advantage of the domestic market opportunities to trade more with itself. This, according Mr Gilbert Nii-Okai Addy, an International Trade Expert was one of the surest ways to reduce the vulnerability that they faced in the world competitive market. He also called … Read more
The Industrial and Commercial Workers Union (ICU) has waded into the ongoing debate in the cement industry on unfair practices which are collapsing local industries. The ICU said if the government does not act swiftly to stem the influx of cheap imports on the market, the consequences will be dire for Ghana. At a news … Read more
Chinese exporters have remained calm after the US presidential election result, saying they had prepared for inevitable exchange rate fluctuations, and see little impact on China’s exports to the United States. The surprise victory of Donald Trump, who lacks political experience, might mean some uncertainties about China-US trade, which is worrying for many of Chinese … Read more
President John Dramani Mahama has announced that the Ghana Export Promotion Authority (GEPA) governing law would be appropriately review to better position the Authority to facilitate, develop and promote non-traditional exports (NTEs). Speaking at the 26th President’s National Awards for Export Achievement, President Mahama said the government was aware of the strategic importance of GEPA … Read more
Few days to the general elections on December 7, some exporters, importers and clearing agencies at the Tema Port have disclosed to Citi Business News that economic activities have slowed down. According to them, the general economic boom that is experienced few weeks to the end of the year has slowed down compared to the … Read more
It’s an undeniable fact that the behavior of government institutions affects business performance on the international arena. Such behavior which creates an enabling environment can impact positively on the performance of firms on the global scene. Over the years, however, the focus has always been on the role of public sector at the national level … Read more
Manufacturers desiring to export products to the Economic Community of West African States (ECOWAS) will have to seek approval for their products under the ECOWAS Trade Liberalisation Scheme (ETLS) to be covered under the Common External Tariff (CET) regime. CET became operational within ECOWAS on January 1, 2015 to deepen the age-old objective of establishing … Read more
Representatives from energy, infrastructure and education & training companies will be participating in the Department for International Trade (DIT) London trade mission to Nigeria and Ghana, taking place 25-30 September 2016. This year’s mission will be led by Carl Woolf, International Trade Adviser, Department for International Trade, London Region. Commenting, Carl Woolf said: “We are … Read more
Trade associations in the country are accusing some shipping lines in the country of allegedly charging terminal handling charges despite a directive by the minister of transport Fifi Kwetey, for them to stop. Executive secretary of the importers and exporters association, Samson Asaki described the act of the shipping lines as an affront to the … Read more
The leadership of key business associations in the country who represent a critical mass of the shipping community have called for “heavy” sanctions against any shipping line that goes against the directive not to impose Terminal Handling Charges as a local cost on shippers. The Association of Ghana Industries (AGI), Ghana National Chamber of Commerce … Read more
“We urge Government to apply heavy sanctions against any Shipping Line that acts contrarily or attempts to impose such arbitrary charges on Shippers” that’s the latest call from leadership of key business associations in the country over the Terminal Handling Charges (THC) proposed by shipping lines. This follows an order issued by the Transport Minister … Read more
A marginal increase in the exports of agricultural products in 2015 helped to push up total earnings of Non- Traditional Exports (NTEs) to US$2.52 billion. The 2015 figure represents an increase of 0.32 per cent over the US$2.51 billion recorded in 2014. The increment was on account of a corresponding increase in the export of … Read more
The EPA issue has once again re-emerged when Tanzania informed EAC Members and the EU that it would not be able to sign the Economic Partnership Agreement (EPA) between EU and the six EAC Member States in early July. The European Commission reportedly proposed signature of the EAC EPA in Nairobi, on the sidelines of … Read more
As part of creating awareness for Ghanaian businesses to enjoy the benefits derived from African Growth and Opportunity Act (AGOA), the Ghana Chamber of Commerce and Industry (GCCI) in collaboration with the USAID has organized a sensitization program which seeks to alert businesses to get familiar with easy export to the U. S. The opportunity … Read more
The TEN project is 99 per cent complete, Kosmos Energy, one of the partners working in Ghana’s Jubilee oil fields in the Western Region, has said. The TEN Project is Tullow’s second development following the record delivery of the Jubilee field in 2010. It is expected to produce up to 80,000 barrels of oil per … Read more
Dr Henry Benjamin Obeng, former Director of the Soil Research Institute of the Council for Scientific and Industrial Research (CSIR). Dr Obeng, who is now Chief Consultant of Tropical Agricultural Development Consultancy, located at the Riviera Beach Hotel in Accra, started his career at the then Soil and Land-Use Survey Division of the Department of … Read more
President John Mahama says that the government is making strenuous efforts to making Ghana a power hub. Speaking at the maiden congregation of the University of Energy and Natural Resources in Sunyani last Saturday, President John Mahama indicated that as part of measures to solving the energy crisis, the country will be made a major … Read more
The National Police SWAT Department has busted a drug export gang at Tudu, Accra and arrested two of its Nigerian owners. The Tuesday operation also uncovered 630 parcels of compressed dried leaves suspected to be Indian hemp concealed in 14 bales of used clothing. The three-hour operation on Tuesday, November 3, followed a tip-off from … Read more
The Board of Export Trade, Agricultural and Industrial Development Fund (EDAIF), in June and July this year, approved GH¢ 57.1 million in grants and credit to 28 cooperatives, companies and public institutions. Among the beneficiaries were 15 small-holder cooperatives and associations, eight companies and five public institutions, said Dr Barfour Osei, Chief Executive Officer of … Read more