• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, October 18, 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

The implementation of AfCFTA will help fix the challenges of SMEs- Catherine Afeku

M.Cby M.C
February 9, 2022
Reading Time: 3 mins read
M.Cby M.C
in Vaultz Business
0
The Head of Strategic Communications at Ghana’s National Coordinating Office of Africa Continental Free Trade Area (AFCFTA), Catherine Afeku, has revealed that the implementation of AfCFTA will help fix the challenges of SMEs in the country.

Head of Strategic Communications at Ghana’s National Coordinating Office of Africa Continental Free Trade Area (AFCFTA), Catherine Afeku.

The Head of Strategic Communications at Ghana’s National Coordinating Office of Africa Continental Free Trade Area (AfCFTA), Catherine Afeku, has revealed that the implementation of AfCFTA will help fix the challenges of SMEs in the country.

According to her, the move has led to about 2000 Ghanaian companies applying for support from the Ministry of Trade and Industry. Mrs Afeku explained that 180 out of the 2,000 Ghanaian companies have been selected to receive aid from the Ministry of Trade and Industry to export under AfCFTA.

Catherin Afeku indicated that the support which comes from the Ministry of Trade and Industry’s Facilitation Programme, will enable Ghanaian companies and small businesses exporting under AfCFTA to fully participate in the single continental market.

RelatedPosts

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

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

“The implementation of AfCFTA will help to fix the challenges of Small, Medium Enterprises, add value to Africa’s abundant natural resources, provide a boost in Intra-Africa trade and ultimately, promote economic diversification and industrialization. We are more interested in ensuring that Small, Medium Enterprises gain maximum knowledge on the biggest trade deal which will also benefit the country”.

Catherine Afeku

Following this, she called on the media to effectively collaborate with the government in deepening the knowledge on AfCFTA.

“Your roles as media could help small scale businesses to have a better understanding of the free trade protocols and the opportunities that comes with AfCFTA”.

Catherine Afeku
Stakeholders discuss potential of AfCFTA for SMEs

In November last year, as part of helping SMEs under AfCFTA, a stakeholder consultation aimed at improving framework conditions to unlock the potential of AfCFTA for Small and Medium Enterprises (SMEs) in Ghana was held. Addressing participants, Mr Imran Shams Kwakye, Vice Chairman of the Chamber of Commerce and Industry, revealed that the economies of Africa were driven by the efforts of the private sector, especially the SMEs for which reason the AfCFTA would bring huge benefits to the economy of Africa.

The private sector, he indicated accounts for over 80 per cent of total production and provides jobs to about 90 percent of the employed working age population.

ADVERTISEMENT

Mr Kwakye expressed that it was imperative that leaders and implementers of the AfCFTA paid particular attention to the right structures and policies that would accelerate the growth of SMEs. He intimated that for AfCFTA to live up to its full potential, SMEs in Ghana would require massive support to compete with their counterparts within the sub region.

The Chamber, Mr Kwakye explained, had responded by building the capacity of its members in readiness for AfCFTA in areas such as, proper bookkeeping, legal education on company law, negotiation and alternative dispute resolution. He underscored that SMEs were faced with challenges that hindered their opportunities to excel.

“A host of factors such as, access to finance, high lending rates, high cost of utilities especially energy, structural development such as, roads continued to be stumbling blocks to our growth thereby limiting our ability to take full advantage of the opportunities under AfCFTA”.

Imran Shams Kwakye

Mr Kwakye commended the leadership and team of Consumer Unity and Trust Society (CUTS) Africa and their funding partners the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), as well as other supporting institutions such as, the Ghana National Chamber of Commerce and Industry for the initiative.

READ ALSO: Mali Begs West African Monetary Union to Lift “Inhumane” sanctions

Tags: AfCFTAGhana NewsSMEs
Please login to join discussion
Previous Post

SIGA Recommends 11 State Entities for Listing on the Stock Exchange

Next Post

Further Clarification Needed On Tollbooth To Washroom Plan- Kwame Atuahene

Subscription Form

Related Posts

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
Importers and Exporters Applaud BoG’s $1.15bn Forex Boost
Vaultz Business

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

October 9, 2025
No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes
Vaultz Business

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

October 7, 2025
AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa
Vaultz Business

AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa

October 3, 2025
Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power
Vaultz Business

Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power

September 30, 2025
$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT
Vaultz Business

$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT

September 26, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Extractives/Energy

Ghana and Nigeria Join Forces to Advance Energy Efficiency

by Bless Banir YarayeOctober 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Economy

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

by M.COctober 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

by Evans Junior OwuOctober 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
General News

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

by Silas Kafui AssemOctober 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu
General News

United Party Different from Other Third Force Seekers – Solomon Owusu

by Emmanuel Tibila BoasahOctober 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire
Asia

Israel Commits Deadliest Breach Of Gaza Ceasefire

by Comfort AmpomaaOctober 18, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Osagyefo Mawuse Oliver Barker-Vormawor
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
United Party Different from Other Third Force Seekers – Solomon Owusu
Israel Commits Deadliest Breach Of Gaza Ceasefire

Recent News

Ghana and Nigeria Join Forces to Advance Energy Efficiency

Ghana and Nigeria Join Forces to Advance Energy Efficiency

October 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

October 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

October 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

October 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu

United Party Different from Other Third Force Seekers – Solomon Owusu

October 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire

Israel Commits Deadliest Breach Of Gaza Ceasefire

October 18, 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