A Chinese-based construction company, Beijing Everyway Traffic and Lighting Tech Co Ltd is claiming USD55 million from Ghana for cancelling a contract it awarded it to develop an intelligent traffic management system for the country.
Ghana and the U.K. have signed an interim trade agreement, one of the last bilateral deals hanging in the balance following Britain’s withdrawal from the European Union.
UK has already inked post-Brexit trade deals with 13 African countries.
These new agreements, which offer duty-free and quota-free access to
British markets, aren’t much different to the old ones, as they are mainly transferring the conditions in the EU deals into bilateral agreements between the UK and the African nation, or blocs.
The agreement provides duty free and quota free access for Ghana and the same preferential tariff reductions for British exporters as provided by the arrangement that is currently in force.
Liz Truss urged to sign off deals quickly to spare African states high tariffs once Brexit transition period ends.
This analysis aims to uncover the many tricks used by the European Commission to impose the Interim Economic Partnership Agreements of Côte d’Ivoire and Ghana.
This is the last tranche of the €323 million the EU offered Ghana under the Economic Partnership Agreement.
Ghanaian Parliament has endorsed the new agreement establishing the African Continental Free Trade Area (AfCFTA).
The Finance Ministry of Ghana is leading a business delegation to Japan, expecting to boost bilateral trade and economic relations with Japan and to conclude the Ghana Japan Bilateral Investment Treaty.
The MFN clause of their interim Economic Partnership Agreements obliges Ivory Coast and Ghana to extend to the EU the tariff advantages granted in the Africa’s Continental Free Trade Area.
What will happen if the regional EPA of West Africa is never finalized?
Ghana has benefitted little from free trade agreements it has signed over the last decade. The development has also contributed to widening the country’s trade deficit recorded over the period.
MEPs from the European Parliament’s International Trade Committee are in West Africa this week, to monitor the implementation of Economic Partnership Agreements.
The United Kingdom, as suspected after Brexit, will “do a free trade deal” with Ghana, its Foreign Secretary, Boris Johnson, said in Accra
The interest of the private sector will be at the forefront in negotiations of the Continental Free Trade Area Agreement.
The conclusion is clear-cut: Ghana and Ivory Coast should have no interest whatsoever to implement the interim EPAs already ratified but should pressure the EU to request a new WTO waiver or to grant them the status of GSP +.
The Ghanaian Parliament did not realize that it was shooting itself in the foot, following the Government which preferred to give in to the powerful pressures of international agribusinesses rather than to hear the warnings of the whole range of Ghanaian civil society.
The Interim EPAs of Ivory Coast and Ghana will disrupt in a number of ways the functioning of intra-regional trade in the ECOWAS Trade Liberalization Scheme
The European Parliament voted, with a 375-220 majority, to give its consent to the interim Economic Partnership Agreement between the EU and Ghana.
Despite the vibrant Ghanaian Minister plea to the European Parliament to ratify the interim Economic Partnership Agreement, there are some flaws.