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Press Release

The Ministry of Trade and Industry in Ghana will launch the AfCFTA Guided Trade Initiative on October 7th. [1] The initiative aims to test the operational readiness of AfCFTA structures and procedures through pilot trades between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia. [2] Under the initiative, Ghanaian companies Keda Ceramics and Benso Oil Palm Plantation will export ceramic tiles and palm kernel oil, respectively, and Ghana will receive approved goods from participating countries. [3]

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171 views

Press Release

The Ministry of Trade and Industry in Ghana will launch the AfCFTA Guided Trade Initiative on October 7th. [1] The initiative aims to test the operational readiness of AfCFTA structures and procedures through pilot trades between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia. [2] Under the initiative, Ghanaian companies Keda Ceramics and Benso Oil Palm Plantation will export ceramic tiles and palm kernel oil, respectively, and Ghana will receive approved goods from participating countries. [3]

Uploaded by

Fuaad Dodoo
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MINISTRY OF TRADE

AND INDUSTRY

PRESS RELEASE
AfCFTA GUIDED TRADE INITIATIVE

On the 1st of January, the AfCFTA Secretariat formally started trading under the AfCFTA
agreement. Since then, the Secretariat and State Parties have been working to put in place
structures, procedures, processes, protocols, and documentations needed to enable the
commencement of commercially viable trade amongst State Parties.
On the 7th of October, the Secretariat in collaboration with the National AfCFTA Coordination
Office under the Ministry of Trade and Industry will launch the AfCFTA Guided Trade
Initiative.
The Initiative will symbolise the commencement of commercially meaningful trade on a pilot
basis between Ghana, Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, and Tunisia.
These countries were selected to represent the five African Union regions, namely: Western,
Central, Eastern, Southern and Northern Africa respectively.
The Guided Trade Initiative aims to:
a) Test the readiness of participating state parties under the AfCFTA;
b) Demonstrate that the AfCFTA trading documentations are operational and viable;
c) Confirm that the Customs and Revenue Authorities of the participating countries under
the AfCFTA agreement are ready to process imports and exports.
Under the Guided Trade Initiative, Keda Ceramics of Ghana will export ceramic tiles to
Cameroon. Benso Oil Palm Plantation is also slated to export palm kernel oil to Kenya and
Ghana will also receive approved goods from participating State Parties.
The Guided Trade Initiative is a very significant step towards realising the African dream of
boosting trade with each other and developing closer economic ties among State Parties.
The launch will take place at a ceremony to be held at the Jubilee Lounge of the Kotoka
International Airport and it will coincide with the 10th Council of Ministers (CoM) meeting to
be held in Accra.
The Government of Ghana has put in place robust support mechanisms to ensure that Ghanaian
companies are empowered to harness the benefits of the AfCFTA. Under the direction and
guidance of Hon. Alan Kyerematen, Minister for Trade and Industry, the National AfCFTA
Coordination Office is also working with over 200 identified companies to help build their
capacities to enhance the competitiveness in the African markets.
Following the official launch of the commercially meaningful trade, the National AfCFTA
Coordination Office in collaboration with other Ghanaian agencies will be undertaking market
expeditions to lead Ghanaian businesses to explore selected African markets to trade under
AfCFTA.

NATIONAL COORDINATION OFFICE


3 October 2022

Address: Ground Floor, Africa Trade House, Accra-Ghana Email: info@afcftaghana.org Tel: (233) 20 248 0378

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