Monthly Research Reports

A YEAR AFTER IMPLEMENTATION OF AfCFTA; AN APPRAISAL BY THE GHANA INTERNATIONAL TRADE AND FINANCE CONFERENCE (GITFiC)

A REVIEW BY THE GITFiC
December 2021 REPORT.

Despite the ravaging effects of the COVID-19 which forced many African economies into partial and full lockdowns, the AfCFTA emerged out of the gloom and commenced trading on 1st January 2021, six months after its earlier proposed date. Since the start of trading, the Ghana International Trade and Finance Conference (GITFiC) has carefully monitored and observed the various interventions and implementation aspects of the AfCFTA and has undertaken this appraisal with a focus on 5 key modules forming a key component of the operationalization of the AfCFTA.

DOES THE EUROPEAN UNION- GHANA INTERIM ECONOMIC PARTNERSHIP AGREEMENT UNDERMINE OR COMPLEMENT THE AfCFTA?

A REVIEW BY THE GITFiC
September 2021 REPORT.

Ghana is a founding member of the World Trade Organisation (WTO) which was created in 1995, having being a member of the General Agreement on Tariffs and Trade (GATT) since October 1957. It was the WTO which came to replace the GATT as the system regulating world trade.

As a contracting party to the WTO, Ghana has devoted itself to the promotion and facilitation of world trade through the reduction of barriers. Although the WTO recommends an ‘across-the-board’ treatment for each other within the multi-lateral system, by introducing a set of rules aimed at progressive liberalization of trade, an exception is given in Article XXIV of the GATT which allows for the creation of free-trade areas, interim agreements to enhance trade among such parties.

THE IMPACT OF DIGITAL PAYMENT SYSTEMS IN FACILITATING

CROSS BORDER TRADE UNDER THE AfCFTA
August 2021 REPORT.

The African Continental Free Trade agreement (AfCFTA) one of the largest free trade areas in the world has been described as a ‘game changer’ and a springboard for African economies to improve intra-trade among its over 1.3 billion citizens. Since the creation of AfCFTA in 2018, the community of African countries has shown high commitment and determination to harness the benefits of a trade liberalized system. This is evidenced by the fact that 37 countries have now deposited their instruments of ratification, with Algeria being the latest to do so few days ago.

 

DISTRIBUTIONAL IMPACT OF AFRICA CONTINENTAL FREE TRADE AREA (AfCFTA) ON POVERTY REDUCTION & EMPLOYMENT IN SUB-SAHARAN AFRICA-GITFIC JUNE 2021
JUNE 2021 REPORT.

The African Continental Free Trade agreement (AfCFTA) one of the largest free trade areas in the world has been described as a ‘game changer’ and a springboard for African economies to improve intra-trade among its over 1.3 billion citizens. Since the creation of AfCFTA in 2018, the community of African countries has shown high commitment and determination to harness the benefits of a trade liberalized system. This is evidenced by the fact that 37 countries have now deposited their instruments of ratification, with Algeria being the latest to do so few days ago.

THE ROLE OF TRADE FINANCE IN THE SUCCESSFUL IMPLEMENTATION OF AfCFTA. A RESEARCH BY GITFIC –
MAY 2021 REPORT.
One of the most recent issues among member states is the ongoing discussion of mutually beneficial intra-African trade under the African Continental Free Trade Area (AfCFTA) as a significant economic phenomenon. Keywords: Africa Continental Free Trade Agreement (AfCFTA), Trade Finance, Insurance, Risk, Intra African Trade, Export, Import