12 °c
London
Wednesday, August 17, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

UK signs Trade Partnership Agreement with Ghana

FurtherAfrica by FurtherAfrica
March 3, 2021
in Africa, Cooperation, Economy, FA, Finance, Ghana, Trade
Reading Time: 2 mins read
775 58
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

The UK has today signed a trade partnership agreement with Ghana that secures tariff-free trade and provides a platform for greater economic and cultural cooperation.

The deal supports a trading relationship worth £1.2B and reinstates the terms of the economic partnership agreement between the two sides when the UK was part of the EU.

It means Ghanaian products including bananas, tinned tuna and cocoa will benefit from tariff-free access to the United Kingdom. UK exports are also in line to benefit from tariff liberalisation from 2023, including machinery, electronics and chemical products.

The agreement was signed by Secretary of State for International Trade Liz Truss and Ghana’s Acting High Commissioner to the UK, Peprah Ampratwum, at the Department for International Trade in central London.

Secretary Truss was joined on a video call by Ghana’s Minister Designate for Trade and Industry, Alan Kyerematen, to mark the signing.

International Trade Secretary Truss said: “I am delighted to be able to sign this deal with our friends and partners in Ghana. It provides certainty for businesses that provide vital jobs and livelihoods in Ghana, and it strengthens the ties between our two countries.

Also read: Ghana’s growth rate revised to 1.4%

“We can now look forward to deepening and furthering our relationship in future, and working together to secure a broader agreement with the West Africa Region.”

Minister for International Trade Ranil Jayawardena said: “This deal secures tariff-free access for products that British shoppers love – and supports jobs in Ghana – paving the way for further economic growth as we build back better from Covid-19.

“It is further evidence of the UK’s determination to champion free trade around the world, which fosters growth, creates jobs and raises living standards for all.”


UK Minister for Africa James Duddridge said: “The UK and Ghana have a strong partnership and the signing of today’s agreement marks an important moment for boosting trade, worth £1.2B, between our two nations.

“With tariff-free access for Ghana to the UK, it will enable businesses to scale up their operations, support innovation in markets and create jobs as we recover together from the coronavirus pandemic.”

Ghana’s largest exports to the UK include mineral fuels and oil, preparations of fish, fruit, cocoa and cocoa preparations. Its top imports include clothing/textiles, machinery and mechanical appliances, and chemical products from the UK.

The deal means the UK has now secured trade agreements with 65 non-EU countries, representing trade worth £217B in 2019.

This accounts for 97% of the value of trade with non-EU countries that we set out to secure agreements with at the start of the trade continuity programme.

Total UK trade with Ghana was £1.2B in 2019, of which UK exports were £652M.

Related

Tags: cooperationEconomyFeatureGhanaTradeUKUK signs Trade Partnership Agreement with GhanaUnited Kingdomганаغاناガーナ加纳
ScanSendShare333Tweet208Share58Pin75Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Kariba Dam rehabilitation commences
Government

Angola promotes approach to public policy evaluation system

by FurtherAfrica
August 17, 2022
Economy

Mozambique economy grew 4.37% in H1

by Club of Mozambique
August 17, 2022
Economic Diplomacy and Diaspora as a driver for growth and internationalisation
Interview

Economic Diplomacy and Diaspora as a driver for growth and internationalisation

by Elizabeth Khumalo
August 17, 2022
AfCFTA to help Africa rebuild after virus, even if delayed
Trade

How easy is it to do cross border trade in Africa?

by The Exchange
August 17, 2022
Economy

Mozambique economic stimulus measures renew businesses confidence

by Club of Mozambique
August 17, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Kariba Dam rehabilitation commences
Government

Angola promotes approach to public policy evaluation system

by FurtherAfrica
August 17, 2022
0

The Public Policy Assessment system, with the aim of developing skills for analytical exploration and other procedural methods, was one...

Read more

Mozambique economy grew 4.37% in H1

August 17, 2022
Economic Diplomacy and Diaspora as a driver for growth and internationalisation

Economic Diplomacy and Diaspora as a driver for growth and internationalisation

August 17, 2022
AfCFTA to help Africa rebuild after virus, even if delayed

How easy is it to do cross border trade in Africa?

August 17, 2022

Mozambique economic stimulus measures renew businesses confidence

August 17, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,544 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

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
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?