Audio By Carbonatix
Local businesses have been tasked to improve trade ties among themselves even as Ghana gears up to host the Secretariat of the Continental Free Trade Area.
At the 3rd Accra Chamber Business to Business Networking event in Accra, Regional Chairman of the Accra Chamber, Nana Agyenim-Boateng, explained that even as trading with other African markets was needed for economic growth, increased domestic trade goes a long way to boost volumes and make indigenous firms – especially SMEs – much competitive.
“This business to business network session is very important for business owners to learn success and investment tips from each other. They need this to also prepare themselves for the Continental Free Trade Area (CFTA) which will demand much competition,” he told JoyBusiness.
The Executive Secretary for the Ghana International Trade Commission, Frank Agyekum explained that a framework is in the works to deal with dumping and underpricing as Ghana preps up to host the much-talked-about African Continental Free Trade Area.
Even though the United Nations Economic Commission for Africa (UNECA) has laid out structures to contain and regulate trade says this framework will act as a mouthpiece and guardian for all local businesses.
Speaking at the event, Frank Agyekum explained that “there will definitely be cases of unfair trade - dumping and smuggling – in the wake of the CFTA. This undercuts most business and that’s why we need interventions like this,” he said.
The 3rd Accra Chamber Business to Business Networking event in Accra is targeted at businesses on all ladder of economic performance.
Highlights of the event included the exhibition of products and services, establishment of partnership and joint ventures, network among representative of participating member firms and sharing of business ideas.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
England are tough, but we can play against Ghana, Panama – Croatia coach reacts to World Cup draw
54 minutes -
We can beat anyone – Otto Addo reacts to World Cup draw
1 hour -
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
2 hours -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
3 hours -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
3 hours -
Europe faces an expanding corruption crisis
4 hours -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
4 hours -
2026 World Cup: Ghana drawn against England, Croatia and Panama in Group L
4 hours -
3 dead, 6 injured in Kpando–Aziave road crash
4 hours -
Lightwave eHealth accuses Health Ministry of ‘fault-finding’ and engaging competitor to audit its work
4 hours -
Ayewa Festival ignites Farmers Day with culture, flavour, and a promise of bigger things ahead
4 hours -
Government to deploy 60,000 surveillance cameras nationwide to tackle cybercrime
4 hours -
Ghana DJ Awards begins 365-day countdown to 2026 event
5 hours -
Making Private University Charters Optional in Ghana: Implications and Opportunities
5 hours -
Mampong tragedy: Students among 30 injured as curve crash kills three
5 hours
