CHAMBER TRADE ALERT

Overview: The Chamber Trade Alert is a quarterly article that provides update on Ghana’s trade and market intelligence to enable members of the Chamber take advantage thereof. In this article, emphasis is made on Burkina Faso, Togo, Côte d’Ivoire, and Nigeria towards encouraging trade with these respective countries given Ghana’s greatest export potential, highest supply capacity, and strongest demand potential under the AfCFTA. All data sources are from the ITC.

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GNCCI BUSINESS BRIEF (8th - 12th Feb, 2021)

Economy

• Banks borrowed GH¢2.57bn from BoG in pandemic year
• Inflation begins year at 9.9% as food prices decline
• Cedi shows resilience against dollar, euro

Sectoral

• Economic challenges keep cost of borrowing high
• COVID-19 Workplace Spread: Taskforce constituted to monitor compliance of protocols
• Finance Ministry pays GH₵12bn to IPPs since 2017
• SSNIT to integrate Ghana Card unto System
• Ghana’s local cocoa processing capacity hits 50% of production
• Ghana’s financial markets are showing strong resilience against the economic impacts of COVID 19’s second wave

Trade & Investment

• Sensitisation Seminar on the AfCFTA

Policy

• Small businesses must tap into 1.3bn consumer market presented by AfCFTA

International

• EU to work with Biden administration to settle trade disputes
• Ghanaian exports to UK still attract tariffs

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GNCCI CALLS FOR URGENT SUPPORT FOR VICTIMS OF ODAWNA MARKET FIRE

The Ghana National Chamber of Commerce and Industry (GNCCI)

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GNCCI BUSINESS BRIEF (25th - 29th May, 2020)

Economy

• Phase one of reviving economy out-doored … as restaurants, conferences, schools open partially
• Survey to track impacts of COVID-19 on local economies begins

Sectoral

• NBSSI cautions against illegal charges for registration for GHS1bn SMEs loan
• UNIPASS takes off fully today after challenging pilot
• GRA promises to resolve challenges with UNIPASS clearing system
• Banks revise loan budget downwards
• BoG begins online payment service for Collateral Registry System
• Government receives GH¢5.5 billion first installment of COVID-19 Relief Bond

Trade & Investment

• GNCCI WEBINAR; Covid-19, Strategies for Business Survival and Growth

Policy

• COVID-19’s unannounced visitation has pushed the need for AfCFTA urgently
• Lobby to implement ECOWAS Veterinary Pharmaceutical Protocol intensifies

International

• Don’t expect debt relief, United States warns Africa

  West African food trade under strain as COVID-19 shuts borders

Download GNCCI BUSINESS BRIEF (25th - 29th  May, 2020)