• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, October 21, 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

Trade in goods is not all about AfCFTA- Louis Afful

M.Cby M.C
February 17, 2021
Reading Time: 3 mins read
M.Cby M.C
in Vaultz Business, Sub Top Stories2
0
Executive Director of the AfCFTA Policy Network, Mr Louis Yaw Afful, has revealed that the African Continental Free Trade is a wealth creation instrument for the youth in the country.

Executive Director for AfCFTA Policy Network, Mr. Louis Yaw Afful.

Executive Director of AfCFTA Policy Network, Louis Yaw Afful, has described the ongoing African Continental Free Trade Area (AfCFTA) Agreement as not exclusive to trading of goods amongst African countries but incorporates other aspects such as services.

Speaking to the Vaultz News, Mr. Afful noted that, the free trade isn’t wholly about government especially when it comes to implementation, but rather incorporates the private sector in their operations as government predominantly draws up the framework for it.

 “Trade in goods is not all about AfCFT. We have trade in services… but most of the time, we always focus on trade in goods. It is not only about traders, it is for everybody; it’s for manufacturers, students, lawyers… the only part they come in is in trade in goods.

“Continental free trade is not about government alone. It’s about private sector participation, it’s about association, exporters and importers. Government is just doing the framework; they’ve done the framework and they are going to ensure that policies through their supervising agencies work. Beyond that, the government is not going to help you to come out with innovation, you have to come up with the innovation and then they show you where to go”.

Credit financing, which has become a constant feature in the AfCFTA trade has generated some level of misgivings among stakeholders and businesses especially pertaining to the competitiveness of the market space. However, Mr. Afful stated that, government through concerted efforts of some financing institution are resourced to help both businesses and the private sector leverage on them.

RelatedPosts

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

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

GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback

 “In terms of trade finance, governments across, the AfCFTA secretariat together with Afriexim Bank is trying to help exporters [and] importers across. If you come to Ghana, Exim Bank has been positioned to support and finance exports and imports. Apart from [them], Ghana Export Promotions has come up with what we called the ten years development plan call the NED. In it, you find out some of the financing products and so, all these things have been positioned and it’s the associations and stakeholders who also need to position themselves as to how to access these trade finance and I think as the years go on, more and more trade finance institutions will be seen here”.

Additionally, Mr. Afful opined that policy implementation such as investment and intellectual property are in the second phase of deliberation by government and that its relevance in the trading space will engender innovation among participating countries.

“Phase two has not been done [and] that has to do with investment policies and intellectual property rights. I think that the Ministry of Trade should push well for the competition policy bill to be finalized in Parliament, then also the intellectual property right- we need to amend certain things before we go and negotiate on the continental level; these are very important because when we innovate you need to have standardization and certification, that’s where the intellectual property rights is very important”.

Mr. Afful further advised businesses to come up with ideas, Identify a product and the market, and “if you want to export maybe garment, look for the country where it has also liberalized garments before you can send”.

  • No country has 100% preparedness when it comes to AfCFTA- Louis Yaw Afful
ADVERTISEMENT
Tags: AfCFTAAfCFTA Policy Networkcredit financingprivate sectortrade
Please login to join discussion
Previous Post

Donald Trump sued by Democrat for conspiracy to incite riot

Next Post

Ghana’s exports to African countries picking up; a good sign for the AfCFTA?

Subscription Form

Related Posts

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
GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback
Securities/Markets

GSE Ends September with a Bang — Composite Index Climbs Past 8,000 Points in Spectacular Market Comeback

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
Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week
Securities/Markets

Ghana Stock Exchange Ends Week Strong As GSE Financial Stocks Surge 2.9% in a Week

October 18, 2025
24-Hr Economy, Big Push to increase per capita – O’Brien poised
Economy

24-Hr Economy, Big Push to increase per capita – O’Brien poised

October 18, 2025
Energy Minister Touts Sector Strides
Extractives/Energy

Energy Minister Touts Sector Strides

by Bless Banir YarayeOctober 21, 2025
Democracy Has Not Failed Africa; Africa Has Abused Democracy – Prof. Aryeetey
General News

Democracy Has Not Failed Africa; Africa Has Abused Democracy – Prof. Aryeetey

by Emmanuel Tibila BoasahOctober 21, 2025
Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform
Agribusiness

Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform

by Silas Kafui AssemOctober 21, 2025
Mahama Refers Electoral Violence Report to Attorney-General for Legal Review
General News

Mahama Directs Extension of Tema-Dawa Railway Line to Boost Industrial Cargo Transport

by evansjrOctober 21, 2025
Prof. Aryeetey Warns Ghana’s TVET Reforms Are Failing
General News

Prof. Aryeetey Warns Ghana’s TVET Reforms Are Failing

by Silas Kafui AssemOctober 21, 2025
Sanae Takaichi Becomes Japan’s First Female Prime Minister
Asia

Sanae Takaichi Becomes Japan’s First Female Prime Minister

by Comfort AmpomaaOctober 21, 2025
Energy Minister Touts Sector Strides
Democracy Has Not Failed Africa; Africa Has Abused Democracy – Prof. Aryeetey
Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform
Mahama Refers Electoral Violence Report to Attorney-General for Legal Review
Prof. Aryeetey Warns Ghana’s TVET Reforms Are Failing
Sanae Takaichi Becomes Japan’s First Female Prime Minister

Recent News

Energy Minister Touts Sector Strides

Energy Minister Touts Sector Strides

October 21, 2025
Democracy Has Not Failed Africa; Africa Has Abused Democracy – Prof. Aryeetey

Democracy Has Not Failed Africa; Africa Has Abused Democracy – Prof. Aryeetey

October 21, 2025
Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform

Ghana’s Rising Food Insecurity Demands Urgent Systemic Reform

October 21, 2025
Mahama Refers Electoral Violence Report to Attorney-General for Legal Review

Mahama Directs Extension of Tema-Dawa Railway Line to Boost Industrial Cargo Transport

October 21, 2025
Prof. Aryeetey Warns Ghana’s TVET Reforms Are Failing

Prof. Aryeetey Warns Ghana’s TVET Reforms Are Failing

October 21, 2025
Sanae Takaichi Becomes Japan’s First Female Prime Minister

Sanae Takaichi Becomes Japan’s First Female Prime Minister

October 21, 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