Press Releases
2024 – Some News Publications on GITFiC
Gerald Ekow Woode, the Director of Research at the Ghana International Trade and Finance Conference, GITFIC, has revealed that it has initiated the GITFIC-AfCFTA Tertiary Students Club on the campuses of various universities.
The Ghana International Trade and Finance Conference (GITFiC) is sounding the alarm on the continuous depreciation of the national currency, despite the government's multiple interventions. Despite a strong economic performance in 2023, the Ghanaian Cedi saw a slight dip in the first quarter of 2024. GITFiC attributes this trend primarily to increased profit repatriation by foreign-owned companies, fueled by market speculation.
The Ghana International Trade and Finance Conference – GITFiC has warned of an eminent global recession as a result of a possible rise in Global Crude Oil, necessitated by the tension on the Red Sea.
The Ghana International Trade and Finance Conference (GITFiC) has donated the first handbook on the AfCFTA, titled “Actualizing the African Economic Vision; A Practical Handbook of the AfCFTA” to the Presidential Library at the Kwame Nkrumah Memorial Park.
Mr Selasi Kofi Ackom, Chief Executive Officer of Ghana International Trade and Finance Conference (GITFiC) has stated that although he supports diversification as a matter of principle, VRA should remain a public asset but with more power and autonomy.
The Ghana International Trade and Finance Conference (GITFiC) has raised concerns about the depreciation of the local currency despite several interventions by government.
The Cedi is said to have depreciated marginally in the first quarter of 2024 despite a strong showing in 2023.
The Ghana International Trade and Finance Conference- GITFiC has attributed the depreciation of the Ghanaian cedi against the major trading currencies to repatriation of profits by foreign-owned companies than ever.
“This phenomenon is not new; however, it is characterised by market speculation, which is largely accounting for the current negative trend”.
The Ghana International Trade and Finance Conference – GITFiC, under the auspices of the newly appointed chairperson, Dr. Edwin Alfred N.O Provencal has inaugurated the AfCFTA Tertiary Students Clubs in three universities in Ghana.
GNA-Dr Edwin Alfred Nii Obodai Provencal, the Managing Director of Bulk Oil Storage and Transportation Company has been outdoored as the Chairman of the GITFiC-AfCFTA Tertiary Students Club.
The Ghana International Trade and Finance Conference works with the private sector and the Government sector in the sub-region and the continent at large to drive the African Continental Free Trade Agreement (AfCFTA).
All Nations University has launched its inaugural Research Day and also inaugurated the university’s chapter of the Ghana International Trade and Finance Conference (GITFIC) of the Africa Continental Free Trade Area (AfCFTA) Tertiary Students Club.
These significant events aim to promote academic excellence, and research collaboration, and create awareness of the African Continental Free Trade Area among tertiary students and faculty members, fostering innovation and regional integration.
The Ministry of Foreign Affairs and Regional Integration has taken delivery of 680 copies of the #AfCfTA books for onward distribution to all of Ghana’s 68 missions abroad.
This gesture was to deepen the ministry’s active support for knowledge acquisition and full sensitization of the AfCFTA.
The Ghana International Trade and Finance Conference (GITFiC) has recommended that as inflation and interest rates rise, central banks must deal with the economic and financial consequences of their policies.
GNA- Seven central banks in Africa, Europe and the Americas face same circumstances of financial losses, according to research by Ghana International Trade and Finance Conference (GITFiC).
The banks are Swiss Central Bank, Central Bank of the Czech Republic, the European Central Bank, the Federal Reserve of the United States, Central Bank of England, the Central Bank of Zambia, and Ghana.
The Ghana International Trade and Finance Conference – (GITFiC), with support from the World Bank, Accra and the European Union, will Wednesday present two research papers, they have conducted.
The research papers are on “Unraveling the Global Central Banks’ Losses (Focus on Africa and Europe) and Global Debt to GDP Post COVID-19 (Focus on Sub Saharan Africa”
The Ghana International Trade and Finance Conference (GITFiC)) has advised the government to initiate measures that will make stakeholders of the economy comfortable in the face of rising interest rates of European Central Bank
GNA-As part of their plans to educate the continent of the benefits of the African Continental free trade area (AfCFTA), the Ghana International Trade and Finance Conference is inaugurating tertiary clubs to spread the word.
Since March this year, GITFIC has so far inaugurated the GITFiC-AfCFTA Students Club at the Tertiary Level in both public and private Universities.
The African Continental Free Trade Area (AfCFTA) is one of the flagship projects of Agenda 2063:
It is a high ambition trade agreement, with a comprehensive scope that includes critical areas of Africa’s economy, such as digital trade and investment protection, amongst other areas.
The Ghana International Trade and Finance Conference ( GITFiC), in partnership with the Togolese Minister of Commerce, Industry and Consumption, will jointly organize a day’s conference in Lome on Tuesday August 22, 2023
The joint conference is on the theme; Enhancing Trade Relations between Ghana and Togo; Issues and Challenges related to Trade and the AfCFTA Market.
Mr Selasi Koffi Ackom, Chief Executive Officer of Ghana International Trade and Finance conference (GITFiC)) in his recent visit to Namibia at the invitation of AECL also took advantage to meet some dignitaries to discuss AfCFTA and related issues.
Mr Selassi Koffi Ackom, Chief Executive Officer of the Ghana International Trade and Finance Conference (GITFiC) has for the second time held a meeting with the Governor of the Central Bank Governor of Namibia for mutual discussions.
Dear GNBCC Member,
You may have known GITFiC to be committed to promoting global trade and financial integration, facilitating strategic partnerships, and driving economic growth across borders. We have diligently done so over the last 8 years. Over the years, we have had supporting endorsements from the African Union, European Union, and several other notable institutions from across the world.
The Ghana International Trade and Finance Conference (GITFiC), has warned of an imminent global recession as a result of a possible rise in Global Crude Oil, necessitated by the tension on the Red Sea.
“We also warn of a possible sharp rise in the cost of global cargo transportation’.
2023 – Some News Publications on GITFiC
The Volta River Authority (VRA), in collaboration with the Ghana International Trade and Finance Conference (GITFiC), is promoting the inclusion of Africa Continental Free Trade Area (AfCFTA) models and concepts in the curriculum of Senior High Schools (SHS).
The call by Ghana’s Ambassador to Togo, Mr Kofi Mensah Demitia, for further deepening of the existing economic cooperation between their two countries in the wake of the African Continental Free Trade Area (AfCFTA) is one of the trending stories in the Ghanaian press on Friday.
Mobile Money penetration that has taken centre-stage in most African countries to facilitate trade and commerce, and creating more convenience is facing some challenges that need governmental intervention.
“Although Ghana has made great strides in opening up access to financial services through its financial inclusion policy adaptation programme, a sizeable percentage of the population still lacks either access or the ability to take advantage of what is offered”.
The research papers are on “Unraveling the Global Central Banks’ Losses (Focus on Africa and Europe) and Global Debt to GDP Post COVID-19 (Focus on Sub Saharan Africa”
A statement signed by Mr Selasi Kofi Ackom, Chief Executive officer of GITFiC and copied to the Ghana News Agency on Tuesday in Accra said the European Union had committed to invite all EU missions in Accra, the US and United Kingdom embassies.
The consensus by the African Heads of State and Government, in 2018,
translated into the establishment of the African Continental Free Trade Area
(AfCFTA) as a single market for trade in goods and services. The
operationalization of the AfCFTA deepens economic integration for African
economies and manifest the will of its about 1.3 billion people to trade
seamlessly with minimal barriers. The use of a single African currency as
medium of exchange therefore becomes a veritable milestone that must be
attained.
Mr. Christian Nti, Director General of the Ghana Highway Authority has stated that the success of the African Continental Free Trade Area (AfCFTA) will partly depend on the quality of roads in participating countries.
“If we have to improve trade volumes among African countries, especially using road transport, then we need to have quality roads that will transport goods to the participating countries.”
The seventh (7th ) Ghana International Trade and Finance Conference (GITFIC) is scheduled to take place at the Royal Senchi Hotel and Resort in Akosombo, Ghana from 26th to 28th May, 2023
he 7th Ghana International Trade and Finance conference for 2023 will be held from May 26 toMay 28 at Akosombo in the Eastern Region.
A statement signed by Mr Selasi Kofi Ackom, Chief Executive Officer said he had symbolically presented the Conference Credence to H.E Albert M. Muchanga – AU Commissioner Economic Development, Trade, Industry, Mining and Tourism at the margins of the just ended 36th AU Summit in Addis Ababa.
On Friday 7th July ,2023, some Executives of the Ghana International Trade & Finance Conference (GITFiC), presented a communique and a plaque to the Chief Executive of the Ghana Highway Authority following the GITFiC conference held in May, 2023.
The 6th Steering Committee for the 6th Conference on Trade & Finance will take place again in Ghana’s capital, Accra, on 23rd and 24th May, 2022 at the plush Alisa Hotel, North Ridge, Accra – Commercial Capital of Africa.
Axendo believes in the future of Africa. In Ghana, we were proud to spend two days attending the 6th Ghana International Trade and Finance Conference (GITFiC).
The Ghana Ambassador to Togo, Kofi Mensah Demitia, has asserted that the strategic position and economic diversification of Togo makes it a suitable bilateral trade partner for Ghana.
According to him, trade policies in Togo are very conducive for private businesses. “Togo and Ghana have the best business relationship in the sub-region. This is the only neighbouring country where people walk to work across the border and go home at the close of work daily.”
After successfully hosting the 7th annual Ghana International Trade and Finance Conference (GITFiC) at Senchi in the Eastern region they have followed up with an action plan that will guide their activities in the coming days.
Mr Seth Kwame Acheampong, Eastern Regional Minister will lead an eight-member delegation to give a welcome address at the upcoming 7th Ghana International Trade & Finance Conference at Senchi.
A statement signed by Mr Selasi Koffi Ackom, Chief Executive Officer of GITFIC and copied to the Ghana News Agency in Accra on Thursday said the conference would commence on Friday 26th May and end on Saturday 27th May, where the Regional Minister would deliver the welcome address.
All is set for the much-anticipated 7th Ghana International Trade and Finance Conference at the Royal SENCHI Hotel and Resort come Friday and Saturday.
A statement signed by Selasi Koffi Ackom, Chief Executive officer of GITFiC and copied to the Ghana News Agency in Accra said delegations to the 7th GITFiC with full confirmation include; Zimbabwe, Algeria, Ivory Coast, Benin, Egypt, South Africa, Ethiopia, Namibia, Nigeria, Ghana, Mali, Burkina Faso and several others.
The Custodian of Akwamuman; Odeneho Kwafo Akoto III, will lead a strong delegation of Akwamu Chiefs to attend the 7th Ghana International Finance and Trade conference.
“This is in line with the adopted practice of the 7th Conference, in involving the traditional overlords and custodians of the venues of the conferences, going forward”.
he Ghana International Trade and Finance Conference (GITFiC) and the Volta River Authority (VRA) will educate selected second cycle schools on the African Continental Free Trade Area by distributing 1,000 books.
The book titled; Actualizing The African Economic Vision; A Practical Handbook on the AfCFTA,
Ahead of the 7th Annual conference of the Ghana International Trade and Finance conference, its leadership has organised a day’s meeting with a three-member delegation from Bank Centrale Des Etats De l’afrique de L’quest (BCEAO).
Led by the Director General of Economy and Currency (who sat in for the Governor) they met a three-member delegation from The Ghana International Trade & Finance-GITFiC, led by the Chief Executive Officer, Mr Selasi Koffi Ackom.
The Ghana International Trade and Finance Conference (GITFiC) has officially launched the University of Ghana chapter of the African Continental Free Trade Area (AfCFTA) Club to help propagate the concept and the benefits of the AfCFTA.
he Ghana International Trade Finance Conference ( GITFiC), has stated that the creation of a single currency is essential to the successful implementation of the African Continental Free Trade Area-AfCFTA.
“Although there are doubts due to the Euro crisis and the failure to establish the single currency in WAMZ by the deadline, it is still timely and relevant. With the introduction of the single currency, these nations will have the possibility to resolve their myriad monetary problems.
West Africa needs political commitment at the highest level for the successful launch and roll out of the proposed single currency, the Ghana International Trade and Finance Conference (GITFiC) has said.
It said the postponement of the launch of ECO the currency, was a sign of Economic Community of West African States (ECOWAS) leaders’ feeble political will towards the economically beneficial move.
THE Ghana International Trade and Finance Conference (GITFiC), in partnership with the Volta River Authority (VRA), has distributed books on the African Continental Free Trade Area (AfCFTA) to 13 senior high schools (SHSs) in the Krobo enclave in the Eastern Region at Akuse.
Mr Christian Nti, the Chief Executive Officer of the Ghana Highway Authority has stated that the success of the African Continental Free Trade Area (AfCFTA) will partly depend on the quality of roads in participating countries.
“If we have to improve trade volumes among African countries, especially using road transport, then we need to have quality roads that will transport goods to the participating countries.”
Ghana International Trade & Finance Conference – GITFiC has held its 7th Ghana International Trade and Finance Conference 2023 at Senchi in the Asuogyaman District of the Eastern Region. The conference called for another look at the prospect of a single currency for ECOWAS countries and the role of African financial institutions in achieving a single continental currency.
The Ghana International Trade and Finance Conference (GITFiC) says the creation of a single currency for Africa is essential to the successful implementation of the African Continental Free Trade Area – AfCFTA.
The theme for the conference, which took place in Senchi in the Asuogyaman District of the Eastern Region was: “Sovereign Economic Vulnerabilities; An Endorsement for a Single Currency for Africa”.
In actualizing the dream of the African Continental Free Trade Area, the Ghana International Trade and Finance (GITFiC) in collaboration with FNB Namibia has launched a book on “Actualizing the African Economic Vision in Namibia.”
The 7th Ghana International Trade & Finance Conference (GITFiC 2023) is scheduled to be held at the Royal Senchi Resort & Hotel on May 26th – 28th, 2023.
Chief Executive Officer of GITFiC, Mr. Selasi Koffi Ackom at the margins of the just ended 36th AU Summit in Addis Ababa.
The Ghana International Trade and Finance Conference (GITFiC) has officially launched the University of Ghana chapter of the African Continental Free Trade Area (AfCFTA) Club to help propagate the concept and the benefits of the AfCFTA.
The Ghana International Trade and Finance Conference (gitfic) has called for debt cancellation for Ghana to give the country some financial relief.
2022 – Some News Publications on GITFiC
Accra, May 19, GNA-The Steering Committee for the sixth Ghana International Trade and Finance conference will map out strategies that will enhance African trade and leverage the development of the continent.
The conference, which will take place in Ghana’s capital, Accra, on 23rd and 24th May, 2022, will seek to update the evidence base of what is currently available in terms of reviewing the AfCFTA, data on digital trade.
The Ghana International Trade and Finance Conference (GITFiC) is going bullish on the nation’s Gross Domestic Product (GDP) for the year, projecting a growth rate of between 4.9 percent and 6.3 percent.
With the growth of mobile money and electronic money transfers, stakeholders in the sector are poised to discuss its challenges and new methods to enhance its efficiency at the 6th Ghana International Trade and Finance Conference (GITFiC).
The Ghana International Trade and Finance Conference (GITFIC) has predicted that there will be at least two to three per cent reduction in debt to Gross Domestic Product (GDP) ratio in 2022.
“We expect that experts in the field are learning from their experiences on how to reduce the cost involved in government financing the policy through internally generated funds alongside other policies to curb the borrowing power.
Trend analysis by the Ghana International Trade and Finance Conference (GITFiC) has projected Ghana’s economy will not achieve any huge success gap in the first quarter of 2022 despite the hope of appreciable growth.
A trend analysis by the Ghana International Trade and Finance Conference (GITFiC) sees Ghana’s economy not achieving any huge success gap in the first quarter of the year despite holding hope of appreciable growth.
GITFiC’s economic outlook appreciates the country’s economy as having evolved to become one of the resilient in the last two decades.
Economies of the African Continental Free Trade Area (AfCFTA) lose US$5billion in transactional cost to third-party foreign payment systems each year, the African Union Commissioner for Economic Development, Trade, Tourism and Industry, Albert Muchanga, has disclosed.
Mr. Muchanga, who was speaking to the B&FT at the 6th Ghana International Trade and Finance Conference (GITFiC) in Accra, said the continent has made the right choice in adopting the Pan African Payment & Settlement System (PAPSS) as solution to the challenge.
The Ghana International Trade and Finance Conference (GITFIC) has predicted that there will be at least two to three per cent reduction in debt to Gross Domestic Product (GDP) ratio in 2022.
"We expect that experts in the field are learning from their experiences on how to reduce the cost involved in government financing the policy through internally generated funds alongside other policies to curb the borrowing power.
Economies of the African Continental Free Trade Area (AfCFTA) lose US$5billion in transactional cost to third-party foreign payment systems each year, the African Union Commissioner for Economic Development, Trade, Tourism and Industry, Albert Muchanga, has disclosed.
Mr. Muchanga, who was speaking to the B&FT at the 6th Ghana International Trade and Finance Conference (GITFiC) in Accra, said the continent has made the right choice in adopting the Pan African Payment & Settlement System (PAPSS) as solution to the challenge.
The Ghana International Trade and Finance Conference (GITFiC) is set to embark on a survey to assess the knowledge Ghanaians have on the African Continental Free Trade Area (AfCFTA) and the declaration of Accra as the ‘commercial capital of Africa’.
The survey is expected to be held in Greater Accra, Greater Kumasi, Takoradi, Tamale and Koforidua.
The Ghana International Trade and Finance Conference (GITFiC), has projected an upward increase of Ghana’s GDP between 4.9% to 6.3% for this year.
GITFiC has attributed the projected growth to the various measures put in place by the government to raise revenue for productive activities this year.
With the growth of mobile money and electronic money transfers, stakeholders in the sector are poised to discuss its challenges and new methods to enhance its efficiency at the 6th Ghana International Trade and Finance Conference (GITFiC).
The event which will take place again in Accra, on 23rd and 24th May, 2022 will have the Chief Executive of the Ghana Telecommunications Chamber, Dr. Ing. Ken Ashigbey as its Chief Executive
Mobile Money penetration that has taken centre-stage in most African countries to facilitate trade and commerce, and creating more convenience is facing some challenges that need governmental intervention.
The low asset base of Ghanaian banks is a major contributor to their inability to penetrate internationally like other foreign banks have penetrated into the Ghanaian market.
“Most of the banks owned by Ghanaians have a low asset base compared to their counterparts from other African countries.
The need to improve logistics efficiency and curb the deterioration of infrastructure remains a topical issue in South Africa’s agriculture. Farming communities and agribusinesses might work to improve productivity on the farms, but the ultimate goal for some agricultural commodities producers is to reach export markets. However, achieving this is not only a function of output, but also the various trade agreements that South Africa has with other countries and the efficiency of logistical infrastructure locally.
The low asset base of Ghanaian banks is a major contributor to their inability to penetrate internationally like other foreign banks have penetrated into the Ghanaian market.
“Most of the banks owned by Ghanaians have a low asset base compared to their counterparts from other African countries.
The Ghana International Trade and Finance Conference (GITFIC) has predicted that there will be at least two to three per cent reduction in debt to Gross Domestic Product (GDP) ratio in 2022.
“We expect that experts in the field are learning from their experiences on how to reduce the cost involved in government financing the policy through internally generated funds alongside other policies to curb the borrowing power
The Ghana International Trade and Finance Conference (GITFiC) at their sixth annual conference recommended the upscaling of education on the Pan African Payment and settlement systems (PAPSS).
After an intensive peer-review of the manuscript of the much-anticipated book entitled; Actualising the African Economic Vision; A Practical Handbook on the AfCFTA – a book composed by the Ghana International Trade & Finance Conference – GITFiC by the Africa Export Import Bank – AfreximBank; the President and Chairman of the Board, Prof. Benedict Oramah officially write’s the foreword.
This month’s Research Paper briefly focuses on the following Regional Economic Communities
Southern African Development Community (SADC)
Common Market for Eastern and Southern Africa (COMESA)
Economic Community for West African States (ECOWAS)
The Ghana Union of Traders (GUTA) has called on the Government of Ghana to fast-track plans for trading in the Chinese yuan instead of the US dollar. This call was published and circulated on March 3, 2022, by some selected media houses in Ghana.
Economies of the African Continental Free Trade Area (AfCFTA) lose US$5billion in transactional cost to third-party foreign payment systems each year, the African Union Commissioner for Economic Development, Trade, Tourism and Industry, Albert Muchanga, has disclosed.
A survey has shown that about 34 percent of Ghanaian business enterprises have not heard about the African Continental Free Trade Agreement (AfCFTA).
The nation-wide survey on acceptability of the AfCFTA in Ghana by the Ghana International Trade and Finance Conference (GITFiC) has shown that a high rate of 66.5 percent of businesses responding to the survey indicated that implementing the AfCFTA will have a beneficial effect on their business.
The Ghana International Trade & Finance Conference (GITFiC) has commenced a nation-wide survey to assess the knowledge that the Ghanaian private and government sectors have on African Continental Free Trade Area (AfCFTA).
The survey will also look at Ghana’s readiness to make Accra the commercial capital of Africa.
For the African Continental Free Trade Area (AfCFTA) to fully attain its twin goals of increased intra-African trade and enhanced global competitiveness of member-states, there is a need for purposeful interactions among existing Regional Economic Communities (RECs)
Ghana’s economy is heavily import-driven. This is a known fact. Until recent times, Ghana had always recorded a trade deficit. A 30% reduction for all goods and a 10% reduction on vehicles is a decisive and satisfactory move to please all stakeholders. Such a pivotal decision by the Government should be considered by the General Trading Community (GTC) as an interim measure and subject to review in the soon future, depending on Economic-Trade Indicators within the Import and Logistics Sectors of Ghana’s Economy.
The Ghana International Trade and Finance Conference (GITFIC) has recommended plausible ways to West African leaders to improve on activities that attract Foreign Direct Investment (FDI) while limiting the activities that bring about bottlenecks to host countries.
The Ghana International Trade and Finance Conference has called for digital infrastructure that will enable the Free Trade Area to address the scale for a billion people on the continent.
Participants at the just-ended 6th conference of the Ghana International Trade and Finance Conference (GITFIC) have called for the institution and promotion of stronger collaboration on research and development among association of African countries.
They have also agreed that identified challenges should be addressed and given a sustained strategic priority.
Mr Irchad Razaaly, the EU Ambassador to Ghana, has said the EU is a long-standing supporter of economic integration in Africa as an engine for economic growth, jobs, and sustainable development throughout the continent.
Dr Alayande Folarin, a Vice President of MasterCard has stated that the Pan African Payment and Settlement System (PAPSS) will enhance interconnection to all the Central Banks and Afrexim bank.
During a press conference in Accra on Monday 18th July 2022, The Secretary General of the Ghana Trades Union Congress, Dr. Yaw Baah, threw a question to the general public on why Ghanaian-owned banks are not operating internationally.
To actualize the dreams of the African Continental Free Trade Area (AfCFTA) and keep it afloat, the Ghana International Trade and Finance (GITFiC) has taken a step further to launch a handbook to enable the business community of Africa understand the practicalities.
“Although Ghana has made great strides in opening up access to financial services through its financial inclusion policy adaptation programme, a sizeable percentage of the population still lacks either access or the ability to take advantage of what is offered”.
As a result, the Ghana International Trade and Finance Conference (GITFiC has suggested to African governments, businesses,
The book titled; Actualising the African Economic Vision; A Practical Handbook on the AfCFTA. Was Foreworded by Prof. Benedict Oramah, President of AfreximBank and endorsed by the African Union with reviews from several Chief Trade Negotiators on the continent.
The Ghana International Trade and Finance Conference (GITFiC) has called for sustained sensitization of the Ghanaian public and the business community of the benefits of the African Continental Free Trade Area (AfCFTA).
“This call will seek permission from the highest office in Ghana, proceed to the ECOWAS sub-segion, the African Union, and expand to the European Union, the Americas, and Asia,” it said.
It stated: “We at the GITFiC dare say; Africa and the rest of the world are already in a Global Debt Crisis hence the urgent need for a #GlobalDebtInitaitive. Debt interventions should aim to boost liquidity.”
Lead-Research Fellow (Policy and Advocate), Ghana International Trade & Finance Conference (GITFiC), Gerald Ekow Woode, says African Regional integration in the operationalization of the African Continental free Trade Area, offers the Continent the platform for open discussion, on limitation to export competitiveness which is worsened by the small size of its economic systems, geographical location and transport costs.
In helping Government realise its industrialization agenda of consuming made in Ghana goods, Steel and iron manufacturer, B5 Plus Limited a company established under the One District, One Factory, has called on government to clamp down on cheap imports of steel into the country.
The Ghana International Trade and Conference (GITFiC) says it supports the government’s current review of the benchmark values. A statement signed by Chief Executive Officer of GITFiC, Selasi Koffi Ackom noted that,
‘’a 30% reduction for all goods and a 10% reduction on vehicles is a decisive and satisfactory move to please all stakeholders’’.
The Ghana International Trade and Finance Conference (GITFIC) has recommended plausible ways to West African leaders to improve on activities that attract Foreign Direct Investment (FDI) while limiting the activities that bring about bottlenecks to host countries.
They said International trade was the source of FDI and ECOWAS must uphold the AfCFTA agenda in high esteem to promote FDI to the sub-region.
The Ghana International Trade and Finance Conference (GITFiC) at their sixth annual conference recommended the upscaling of education on the Pan African Payment and settlement systems (PAPSS).
The key players, they suggested, would be the PAPSS Council, GITFIC secretariat, WAMI and the African Continental Free Trade Area (AfCFTA), secretariat who would target Traders’ Unions, Industry players, Exporters, Financial Watchers and Analysts.
2021 – Some News Publications on GITFiC
THE GHANA INTERNATIONAL TRADE AND FINANCE
CONFERENCE (GITFiC)
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.
By Daniel Kwansah -December 22, 20210888
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The Ghana International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA), has been carefully monitoring and observing the operationalization of the AfCFTA.
According to the GITFiC, in December 2018, the first AfCFTA Intra-African Trade Fair was held in Cairo, Egypt.
The Ghana International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA), has been carefully monitoring and observing the operationalisation of the AfCFTA.
According to the GITFiC, in December 2018, the first AfCFTA Intra-African Trade Fair was held in Cairo, Egypt. Business deals between private investors and business players were around US$32 billion which exceeded expectations.
Chief Executive Officer (CEO) of Ghana International Trade and Finance Conference (GiTFIC), Mr. Selasi Koffi Ackom claims the Africa Continental Free Trade Area (AfCFTA) is one of the biggest trade areas across the world.
Africa Continental Free Trade Area came into establishment after 54 African countries agreed to combine and trade in resources to deliver Africa’s goal of inclusive and sustainable development.
In helping Government realise its industrialization agenda of consuming made in Ghana goods, Steel and iron manufacturer, B5 Plus Limited a company established under the One District, One Factory, has called on government to clamp down on cheap imports of steel into the country.
According to the steel Company this activity makes them lose huge sums of revenue every year and also reduce the production of some of their products.
The vice-president, Dr Mahamudu Bawumia, has said that continental free trade will be incomplete if there is no mobility of labour services.
The importance cannot be overemphasised, he said, of enhancing the labour market through regional collaboration to facilitate cross-border mobility of skilled labour to areas of demand in the region.
Namibian Central Bank Governor, Johannes Gawaxab has accepted an invitation to represent Southern Africa at the 5th Ghana International Trade and Finance Conference (GITFIC) to be held in Ghana later this year.
He will lead some Commercial Banks in Namibia to attend the Conference mid 2021.
Namibian Central Bank Governor, Johannes Gawaxab has accepted an invitation to represent Southern Africa at the 5th Ghana International Trade and Finance Conference (GITFIC) to be held in Ghana later this year.
He will lead some Commercial Banks in Namibia to attend the Conference mid 2021.
The African Continental Free Trade Area (AfCFTA) will create new opportunities for women in economic areas, where they are concentrated, such as agriculture, industry, services and trade.
To ensure that women have access to these opportunities, African Union Members must take intentional steps in creating and implementing gender-sensitive policies and implementing targeted complementary measures.
Employment in Sub-Saharan Africa is projected to grow at 2.7% yearly from 434 million dollars to more than 650 million dollars under the Africa Continental Free Trade Agreement, AFCFTA.
According to the World Bank, extreme poverty will reduce by 10.9% by 2035 down from 34.7%. In 2018 World Bank report 415 million people live in extreme poverty in Africa.
Ghana International Trade and Finance Conference (GITFiC) has called on the government, the private sector, and stakeholders to work together to fast-track regional integration.
The African Continental Free Trade Area (AfCFTA) will create new opportunities for women in economic areas, where they are concentrated, such as agriculture, industry, services and trade.
The Ghana International Trade and Finance Conference (GITFiC) has raised concerns over the implementation of the European Union-Ghana Interim Economic Partnership Agreement (IEPA).
It said as the African Continental Free Trade Agreement (AfCFTA) was expected to reduce poverty among Africans, Ghana should benchmark the IEPA with clearly-defined indicators which would help improve the economic welfare of the citizenry.
International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA), has been carefully monitoring and observing the operationalization of the AfCFTA.
According to the GITFiC, in December 2018, the first AfCFTA Intra-African Trade Fair was held in Cairo, Egypt. Business deals between private investors and business players were around $32 billion, which exceeded expectations.
Chief Executive Officer (CEO) of Ghana International Trade and Finance Conference (GiTFIC), Mr. Selasi Koffi Ackom claims the Africa Continental Free Trade Area (AfCFTA) is one of the biggest trade areas across the world.
Africa Continental Free Trade Area came into the establishment after 54 African countries agreed to combine and trade in resources to deliver Africa’s goal of inclusive and sustainable development.
The Ghana International Trade and Finance conference (GITFiC), has stated that most African countries are yet to fully develop a comprehensive National AfCFTA Implementation Strategy which was quite disturbing.
It said although countries may have existing trade policies and developed guidelines, it was not enough to maximize the full benefits of the AfCFTA.
The Ghana International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA), has been carefully monitoring and observing the operationalisation of the AfCFTA.
According to the GITFiC, in December 2018, the first AfCFTA Intra-African Trade Fair was held in Cairo, Egypt. Business deals between private investors and business players were around US$32 billion which exceeded expectations.
The Ghana International Trade and Finance Conference (GITFiC), an institution championing the evolution of the African Continental Free Trade Area (AfCFTA) has been carefully monitoring and observing the operationalization of the AfCFTA.
The Ghana International Trade and Finance Conference (GITFiC), has revealed that it is quite disturbing that most African countries are yet to develop a national implementation strategy for the African Continental Free Trade Agreement [AfCFTA].
It noted that even though some countries already have existing trade policies and developed guidelines, it is not enough to maximise the full benefit of the AfCFTA.
Chief Executive Officer of the Ghana International Trade and Finance Conference (GITFiC), Selasi Koffi Ackom, has said that the current fragmentation of the African market will not threaten the successful running of the African Continental Free Trade Area (AfCFTA) agreement.
The Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), Tsonam Cleanse Akpeloo, has called on the government to create an enabling environment for Small and Medium-scale Enterprises (SME’s) to thrive under the Africa Continental Free Trade Area (AfCFTA) agreement.
INTERNATIONAL TRADE AND FINANCE CONFERENCE
COMMUNIQUE ISSUED AT THE END OF THE 5TH GHANA INTERNATIONAL TRADE AND
FINANCE CONFERENCE - GITFiC ON THE THEME: FACILITATING TRADE & TRADEFINANCE IN AFCFTA; THE ROLE OF THE FINANCIAL SERVICES SECTOR, HELD AT THE
MOVENPICK AMBASSADOR HOTEL, ACCRA (COMMERCIAL CAPITAL OF AFRICA) ON
JULY 27, 2021
Accra, Feb 01, GNA- Ghana International Trade and Finance Conference (GITFiC) will soon embark on a research survey primarily to assess the knowledge that the Ghanaian private and government sectors have on AfCFTA and the declaration of Accra as the commercial capital of Africa.
Namibian Central Bank Governor, Johannes Gawaxab has accepted an invitation to represent Southern Africa at the 5th Ghana International Trade and Finance Conference (GITFIC) to be held in Ghana later this year.
The African Continental Free Trade Area (AfCFTA) will create new opportunities for women in economic areas, where they are concentrated such as agriculture, industry, services and trade.
To ensure that women have access to these opportunities, African Union Members must take intentional steps in creating and implementing gender-sensitive policies, as well as implementing targeted complementary measures.
Happy98.9FM, the radio brand with Ghana’s developmental agenda at heart has held its latest Happy Development Dialogues discussion with stakeholders in the trade industry, focusing on the African Continental Free Trade Area (AfCFTA).
Accra, Dec 22,GNA- The Ghana International Trade and Finance conference (GITFiC), has stated that most African countries are yet to fully develop a comprehensive National AfCFTA Implementation Strategy which was quite disturbing.
Accra, Sept. 28, GNA – The Ghana International Trade and Finance Conference (GITFiC) has raised concerns over the implementation of the European Union-Ghana Interim Economic Partnership Agreement (IEPA).
To assume that elements of fragmentation across the continent would not threaten the successful running of AfCFTA, especially in its nascent stage, would be narrow-minded but these challenges are not insurmountable and outstanding impediments will crumble progressively, as the socio-economic benefits of the agreement become evident.
A number of businesses in the Ashanti Region are expected to be sensitized on the workings of the African Continental Free Trade Area (AfCFTA), under the auspices of the Regional chapter of the Association of Ghana Industries (AGI).
The event, among others, is intended to inform, educate and further expose the business community in the Region to ‘all that needs to be known’ on the Africa continental trade initiative.
Mukesh Thakwani, CEO of B5 Plus Limited – West Africa’s largest steel manufacturing company, is urging government to impose a ban, with immediate effect, on cheap imported finish metal fabrication products that are already being produced in the country to protect the local steel industry.
To sustain interest in and guarantee success for the Pan-African Payment and Settlement System (PAPSS), controlling bodies – the African Continental Free Trade Area (AfCFTA) and Afreximbank – must dedicate a portion of transactional revenues to the central banks of state parties.
Accra, Dec 17, GNA- Following trade negotiations between Ghana and Mexico to begin in tomatoes and tequila, GIHOC Ghana Limited has also joined the bandwagon.
The trade negotiations, which is being faciliited by Ghana International Trade and Finance conference (GITFIC) would empower GIHOC to export their products to Mexico and also import some goods and raw materials for their products from Mexico.
The Ghana International Investment Trade and Finance Conference (GITFiC) has advocated the urgent implementation of harmonised trade finance policy reforms across the Continent for effective implementation of the African Continental Free Trade Area (AfCFTA).
The Vice President, Dr. Mahamudu Bawumia, will on July 27, 2021, open the 5th Ghana International Trade and Finance Conference (GITFiC).
A delegation of Ghana International Trade and Finance Conference (GITFIC) will tour some West African countries to firm up some collaboration on African trade with regional dialogues.
The Vice-President, Dr Mahamudu Bawumia, has urged central banks on the continent to position themselves to adopt a digital currency in the advent of digitisation.
He said the Bank of Ghana (BoG) was already leading the way by beginning a pilot of digital currency and therefore expected other central banks on the continent to come on board.
Ghanaian insurance companies have been advised to take advantage of the African Continental Free Trade Area (AfCFTA) to encourage exporters to insure their products meant for export.
The move will promote and stabilise such businesses for the benefit of the owners and the country as a whole.
The Vice President, Dr. Mahamudu Bawumia says African economies need digital currencies backed by central banks in order to give credibility to transactions.
Addressing participants at the opening of the International Trade and Finance Conference (GITFiC 2021)
Vice President Mahamudu Bawumia says Ghana’s mobile money interoperability success story shows that African countries can work towards achieving the Pan African Payment and Settlement System to further promote the Africa Continental Free Trade Area (AfCFTA).
Employment in Sub-Saharan Africa is projected to grow at 2.7% yearly from 434 million dollars to more than 650 million dollars under the Africa Continental Free Trade Agreement, AFCFTA.
The Leadership of the Ghana International Trade and Finance Conference (GITFIC) has called on Mr Batchassi Katchali, the Togolese Chief Trade Negotiator in the Ministry of Commerce (Trade) in Lome, the Togolese capital.
The Vice President, Dr. Mahamudu Bawumia, will on July 27, 2021, open the 5th Ghana International Trade and Finance Conference (GITFiC).
The conference will be on the theme: “Facilitating Trade and Trade-Finance in AfCFTA;
2020 – Some News Publications on GITFiC
The President of the Canada Ghana Chamber of Commerce (CGCC) has observed the need for the Ghana government to help the informal sector to become more productive in order to benefit from the Continental Free Trade agreement.
Mr. Alexander Nortey says, “The informal sector is too large, and government needs to embrace some of these people in the sector and convert them into running genuine businesses and be paying taxes.”
The AfCFTA dialogue is also in collaboration with the Association of Ghana Industries (AGI) to raise awareness, empower and encourage all Member States to take actions necessary to build the logistics and the infrastructure critical for the successful outcome of the Free Trade.
Mr Mohammed Adjei Sowah, AMA Chief Executive Officer speaking at a press conference to announce a new date for the 4th GITFIC event postponed from April 9-10, 2020 due to COVID-19 to October 27 and 28.
The Association of Ghana Industries (AGI) and the Accra Metropolitan Assembly (AMA) have declared support for the 4th Ghana International Conference on Trade & Finance (GICTF) slated to start from April 9 to 10, this year at the Movenpick Ambassador Hotel in Accra.
The fourth edition of the conference is being devoted to the African Continental Free Trade Area Agreement, hence dubbed the AfCFTA-Edition.
The 4th Ghana International Conference on Trade & Finance (GITFIC) on the African Continental Free Trade Agreement (AfCFTA) has been rescheduled to October 27-28th 2020.
The new date follows the easing of COVID-19 restrictions in Ghana.
The two-day conference which would be held at the Movenpick Ambassador Hotel under the theme: “Optimising AfCFTA for Africans; the Role of Logistics Infrastructure”
Ghana's capital Accra has been unveiled as the Commercial Capital of Africa at an event to open two day conference dedicated to...
The Mayor of Accra, Mohammed Adjei Sowah has unveiled Accra as the commercial capital of Africa.
The unveiling was done at the ongoing 4th Ghana International Trade and Finance Conference at the Mövenpick Hotels & Resorts in Accra under the theme: “Optimising AfCFTA for Africans; the role of Logistics Infrastructure”.
The Chief Executive officer of Ghana International Trade and Finance Conference, Selasi Koffi Ackom, has held a press briefing here in Accra to lunch..
Senior Minister Dr Yaw Osafo Maafo has said the success of the Africa Continental Free Trade Area depends on every African country having something to trade to the rest of the continent.
The Association of Ghana Industries (AGI) and the Accra Metropolitan Assembly (AMA) have declared support for the 4th Ghana International Conference on Trade & Finance (GICTF) slated to start from April 9 to 10, this year at the Movenpick Ambassador Hotel in Accra.
The fourth edition of the conference is being devoted to the African Continental Free Trade Area Agreement, hence dubbed the AfCFTA-Edition.
The Greater Accra Chairman of the Association of Ghana Industries (AGI) says Ghanaian industries should prepare themselves to maximize the benefits of the African Continental Free Trade Area (AfCFTA) agreement and not be left out.
“As industry we want to be sure we are ready to take advantage of this initiative. We are aware that this AfCFTA agreement would naturally bring forth winners and losers. We in industry are keen to be part of the winners,” says Mr. Tsonam Cleanse Akpeloo.
2019 – Some News Publications on GITFiC
The organizing company, Rescue Shipping and Investment Agency Ltd, has announced the official collaboration with Istanbul Africa Trade Company on the Ghana International Trade & Finance Conference.
Istanbul Africa Trade Company will actively take part in the promotion of the conference in Turkey and across African countries.
The Ghana International Trade and Finance Conference (GITFiC) in collaboration with Delegates from the Mexican Embassy have paid a courtesy call on the Ghana Shippers’ Authority (GSA) on Wednesday, 18th September, 2019 at the Shippers’ House, Accra.
The Ghana International Trade and Finance Conference (GITFIC) in partnership with the Accra Metropolitan Assembly (AMA) will a host dialogue on the African Continental Free Trade Area (AfCFTA)on October 27.
The AfCFTA dialogue is also in collaboration with the Association of Ghana Industries (AGI) to raise awareness, empower and encourage all Member States to take actions necessary to build the logistics and the infrastructure critical for the successful outcome of the Free Trade.
The Ghana International Trade and Financial Conference (GITFIC) and the Ethiopia Embassy are collaborating to organise an Africa International conference on trade and finance at the Africa Union headquarters in Addis Ababa.
The event, which will come off on April 11 and 12, will be attended by business executives, policy makers and subject matter experts from all over Africa to deliberate on ways of enhancing intra Africa trade, regional integration and trade liberalisation among others.
2018 – Some News Publications on GITFiC
The historical and political relations between Ghana and Ethiopia began in the period when President Kwame Nkrumah of Ghana and Emperor Haile Selassie of Ethiopia played instrumental roles in the decolonization process of Africa and the strengthening of Pan-African institutions.
Since the establishment of the cordial relations back then, the two countries have enjoyed a rather smooth partnership.
The second edition of the Ghana International Trade and Finance Conference (GITFiC), aimed at providing a platform for industry players to present realistic solutions to trade, investment and funding opportunities comes off on April 10 to 11. The two-day conference would have Mr Ahomka Lindsay, the Deputy Minister in-charge of Industry at the Ministry of Trade and Industry, speak on the topic: “Government’s Industrialisation agenda; One-District One-Factory, Progress Presentation on the Implementation so far and Hurdles if Any”.
The second edition of the Ghana International Trade and Finance Conference (GITFiC), aimed at providing a platform for industry players to present realistic solutions to trade, investment and funding opportunities comes off on April 10 to 11.
The two-day conference would have Mr Ahomka Lindsay, the Deputy Minister in-charge of Industry at the Ministry of Trade and Industry, speak on the topic: “Government’s Industrialisation agenda; One-District One-Factory, Progress Presentation on the Implementation so far and Hurdles if Any”.
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition of the forum.
The first ever Ethio-Ghana International Conference on Trade and Finance will be held at the plush Sheraton Hotel in Addis Ababa from 11th to 12th April 2019. Conference organisers Rescue Shipping and Investment Agency last week, signed a memorandum of understanding with the Addis Ababa Chamber of Commerce and Sectorial Associations to allow for the organising of the conference.
The two-day conference is providing a platform for industry players to present realistic solutions to Trade, Investment and Funding opportunities.
The Deputy Minister responsible for Industry at the Ministry of Trade & Industry, Hon. Ahomka Lindsay is expected to speak at the 2-day international conference on trade and finance scheduled to take place at Alisa Hotel(North Ridge) in Accra on April 10th-11th, 2018.
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition of the forum.
The first ever Ethio-Ghana International Conference on Trade and Finance will be held at the plush Sheraton Hotel in Addis Ababa from 11th to 12th April 2019.
Conference organisers, Rescue Shipping and Investment Agency, last week signed a memorandum of understanding with the Addis Ababa Chamber of Commerce and Sectorial Associations to allow for the organising of the conference.
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition of the forum.
The first ever Ethio-Ghana International Conference on Trade and Finance will be held at the plush Sheraton Hotel in Addis Ababa from 11th to 12th April 2019. Conference organisers Rescue Shipping and Investment Agency last week signed a memorandum of understanding with the Addis Ababa Chamber of Commerce and Sectorial Associations to allow for the organising of the conference.
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition of the forum.
The first ever Ethio-Ghana International Conference on Trade and Finance will be held at the plush Sheraton Hotel in Addis Ababa from 11th to 12th April 2019. Conference organisers Rescue Shipping and Investment Agency last week signed a memorandum of understanding with the Addis Ababa Chamber of Commerce and Sectorial Associations to allow for the organising of the conference.
Ethiopia and Ghana seek to strengthen their relations by working together for mutual benefits in the future.
The Exchange, a financial journal, indicated that Ethiopia will host the second Ghana International Trade and Finance Conference (GITFIC) in April 2019 from 11th to 12th in Addis Ababa.
Ethiopia and Ghana seek to strengthen their relations by working together for mutual benefits in the future. The Exchange, a financial journal, indicated that Ethiopia will host the second Ghana International Trade and Finance Conference (GITFIC) in April 2019 from 11th to 12th in Addis Ababa.
According to Selasi Kofi Ackom, Chief Executive Officer of the Rescue Shipping and Investment Agency, the upcoming conference will create platform for the business communities to meet and discuss on investments opportunities between the two countries.
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition..
Organisers of the Ghana International Trade and Finance Conference (GITFIC) have agreed on a new partnership that will see Ethiopia hosting the next edition of the forum.
The first ever Ethio-Ghana International Conference on Trade and Finance will be held at the plush Sheraton Hotel in Addis Ababa from 11th to 12th April 2019.
The Deputy Minister responsible for Industry at the Ministry of Trade & Industry, Ahomka Lindsay is expected to speak at the two-day international conference on trade and finance scheduled to take place at Alisa Hotel(North Ridge) in Accra on April 10th-11th, 2018.
The two day conference is providing a platform for industry players to present realistic solutions to Trade, Investment and Funding opportunities.
2017 – Some News Publications on GITFiC
With a mission to promote, enhance and become the resource hub to business people wanting to trade with Ghana, in the West African sub-region, and Africa at large, GITFiC 2017 is the most anticipated and will be the grandest convocation of local and international traders, finance houses/specialists and players in financial technology where business people within and outside Africa converge to be educated by successful industry players and experts to get acquainted with trade sector opportunities, investment options and incentives.