trade and industry

Ghana urges firms to boost AfCFTA tech investment

Ghana's Trade Minister emphasizes the need for private businesses to invest in technology and improved governance for the success of the African Continental Free Trade Area (AfCFTA). The government provides data on tariffs and streamlines rules of origin. Special Economic Zones are being repurposed to support light manufacturing and agro-processing. This push aims to ensure Ghana benefits from ...

Otto Addo ·
Ghana urges firms to boost AfCFTA tech investment
Ghana’s Trade Minister, Elizabeth Ofosu-Adjare, has asked Ghanaian businesses to increase investment in technology and governance. This push is crucial for the African Continental Free Trade Area (AfCFTA) to succeed. Ghana hosts the AfCFTA Secretariat and aims to lead in intra-African trade.

The government is helping local firms. This includes giving data on tariff structures for 54 African nations. It also simplifies rules for origin certification. This helps Ghanaian companies compete in the continental market.

Special Economic Zones are changing. They are now focused on light manufacturing and agro-processing. These sectors are key for regional export.

The Minister noted that government efforts need private sector action. Businesses must invest in technology, skills, and standard compliance. Otherwise, government policies alone will not work. This shows a shift where businesses must match government support with their own growth and innovation.
Tags: AfCFTA Trade Economy Private Sector Investment Ghana

Source: StatsGH — Ghana's data-driven news platform