• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

AfCFTA: Women-led MSMEs Bemoaned High Taxes In Harnessing Benefits

M.Cby M.C
April 22, 2022
Reading Time: 3 mins read
M.Cby M.C
in Vaultz Business
0
AfCFTA: Women-led MSMEs Bemoaned High Taxes In Harnessing Benefits

AfCFTA Secretariat, Accra

Majority of Women-led businesses have agreed that the AfCFTA is a good initiative but observed that accessing its benefits is a major challenge.

A new report by Finance and Management Company, AYA Institute, has identified that majority of women traders and women-led businesses cited higher taxes as one of the challenges they face in a bid to take advantage of the trade agreement.

Other challenges identified in the survey include insufficient and inaccessible funds, macroeconomic instability, transportation, COVID-19 and difficulty in understanding AfCFTA protocols among others.

RelatedPosts

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

The new report revealed that majority of women traders and women-led businesses are unaware of the African Continental Free Trade Area (AfCFTA) – a year after its commencement. Specifically, the report found that about 72% of traders and 54% of companies are unaware of the AfCFTA.

The report, titled, ‘Assessing The Potential of Women-led MSMEs in Ghana to Take Advantage of AfCFTA’, also pointed out that traders and women-led firms complained of not having sufficient time to prepare for the start of the AfCFTA.

Need for immediate sensitization

Providing more explanation, a researcher with the AYA Institute, Eunice Panyin Offei said, “there is the need for immediate sensitization for women-led businesses to know about the opportunities it presents”.

ADVERTISEMENT

Madam Eunice Panyin Offei further said “The other major thing we found was lack of financial assistance. Government should provide financial assistance or make it favorable to enable women access loans to fund their businesses to expand and grow”.

Meanwhile, Marketing Manager of the Ghana National Chamber of Commerce and Industry, Grace Dzeble, seized the opportunity to advise women in MSMEs to consider collaborations to enable them access funds.

“When you pool resources together, it is always better than one person operating a business. The challenge in our part of the world is that, people want to own 100% of a 100-cedi-business than to own one percent of a million-dollar business. It is very important that the women partner, so they can be able to benefit from synergies among themselves”.

Grace Dzeble

Steps to support women-led agribusinesses

Outlining some measures to remedy the situation, Sector Chair for Agribusiness under the Association of Ghana Industries (AGI), Fatima Mohammed, said her outfit is implementing steps to support women-led agribusinesses under AfCFTA.

“At the AGI, we have a wing for women in business including women in agribusiness. We have a lot of interventions, workshops and conversations to better equip them as my outfit is more of a policy implementer. However, we link them to agencies like the GIZ where they get financial support or training in whatever area they need”.

Fatima Mohammed

The research was supported by the German Cooperation, Ghana National Chamber of Commerce and Industry as well as the AGI.

The general objectives of the AfCFTA agreement, which was signed in Kigali, Rwanda in 2018, among many others include, the creation of a single market for goods and services, and the facilitation of the movement of persons.

Trading under the AfCFTA commenced on January 1, 2021, in line with the decisions of the 13th Extraordinary Session of the African Union Assembly in December 2020. So far, 54 African countries are signatories to the AfCFTA Agreement with 42 countries ratifying the Agreement, and 39 becoming State Parties.

READ ALSO: GBA Expresses Support To AG’s Call For Live Telecast Of Court Cases

Tags: AfCFTAAYA InstituteCOVID-19MSMEsTaxes
Please login to join discussion
Previous Post

The Ghanaian Cedi to Weaken Further From Record Low- Bloomberg Predicts

Next Post

Oranto Energy ‘Still on the Run’ with Ghana’s Oil Money After 9 Years of Pursuit

Subscription Form

Related Posts

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation
Vaultz Business

MobileMoney LTD Leads a Collaborative Effort Among Fintech Ecosystem Players to Harness Digital Credit and Asset Regulation

October 21, 2025
Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns
Vaultz Business

Ghana’s Textile Policy Faces Old Structural Hurdles, IMANI Warns

October 21, 2025
Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 
Vaultz Business

Trade Minister Champions Investment and Digital Focus at UNCTAD XVI, Geneva 

October 20, 2025
Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares
Vaultz Business

Africa’s Digital Revolution Hinges on Cross-Border Interoperability – Telecom Chamber Boss Declares

October 20, 2025
Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm
Vaultz Business

Millions Lost to Mobile Money Scams as Cyber Fraud Skyrockets in Ghana — CSA Raises Alarm

October 19, 2025
IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum
Vaultz Business

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

October 14, 2025
Specialized Courts, Smart Move by Govt – Dr. Zaato
General News

Specialized Courts, Smart Move by Govt – Dr. Zaato

by Emmanuel Tibila BoasahOctober 22, 2025
Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine
General News

ORAL  Gains Momentum as Seven Major Corruption Investigations Completed

by evansjrOctober 22, 2025
NAFCO crippled as Rice Glut Threatens Farmers
Agribusiness

NAFCO crippled as Rice Glut Threatens Farmers

by Michael Teye-Bio NaduteyOctober 22, 2025
Effective Governance Critical for Mineral Sector Transformation – Rev. Paul Boafo
Extractives/Energy

Effective Governance Critical for Mineral Sector Transformation – Rev. Paul Boafo

by Bless Banir YarayeOctober 22, 2025
Ukraine Delegation Arrives In Istanbul For Second Round Of Talks With Russian Officials
Europe

Kharkiv Kindergarten Struck By Russian Drone

by Comfort AmpomaaOctober 22, 2025
Ghana Gold Board (GoldBod)
Extractives/Energy

GoldBod Opens Licensing for Jewellery, Fabrication, and Refinery Businesses 

by Prince AgyapongOctober 22, 2025
Specialized Courts, Smart Move by Govt – Dr. Zaato
Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine
NAFCO crippled as Rice Glut Threatens Farmers
Effective Governance Critical for Mineral Sector Transformation – Rev. Paul Boafo
Ukraine Delegation Arrives In Istanbul For Second Round Of Talks With Russian Officials
Ghana Gold Board (GoldBod)

Recent News

Specialized Courts, Smart Move by Govt – Dr. Zaato

Specialized Courts, Smart Move by Govt – Dr. Zaato

October 22, 2025
Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine

ORAL  Gains Momentum as Seven Major Corruption Investigations Completed

October 22, 2025
NAFCO crippled as Rice Glut Threatens Farmers

NAFCO crippled as Rice Glut Threatens Farmers

October 22, 2025
Effective Governance Critical for Mineral Sector Transformation – Rev. Paul Boafo

Effective Governance Critical for Mineral Sector Transformation – Rev. Paul Boafo

October 22, 2025
Ukraine Delegation Arrives In Istanbul For Second Round Of Talks With Russian Officials

Kharkiv Kindergarten Struck By Russian Drone

October 22, 2025
Ghana Gold Board (GoldBod)

GoldBod Opens Licensing for Jewellery, Fabrication, and Refinery Businesses 

October 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address