The AfCFTA Creates Several Mechanisms to Address and Adjudicate Trade and Investment Concerns

Advance-fee scams entrap hundreds of U.S. companies annually.  

The summer and fall of 2024 saw several important milestones in Africa’s regional economic integration via the African Continental Free Trade Area (AfCFTA). 

The U.S. Embassy in Ghana and the Government of Ghana confirm a list of 16 fraudulent procurement entities targeting U.S. and international companies. 

CS Ghana identifies and verifies 24 fake procurement entities targeting U.S. exporters across a wide range of sectors. 

Ghana increases the thresholds above which its major agencies and ministries are required to use international, competitive tendering as a procurement method. 

Ghana’s new Virtual Asset Service Providers law establishes a regulatory framework for virtual asset service providers.  

Ghana’s Data Privacy Commission launched a new privacy seal as part of stepped up data privacy enforcement efforts.  

Stabilized macroeconomic conditions and sectoral priorities take shape in Ghana’s 2026 budget.

Changes to Ghana’s Value Added Tax Reduces Charges for Goods and Services. 

There are multiple steps to register a company in Ghana, but a pending bill may ease minimum capital requirements.

AfCFTA is advancing toward a single African market with 25 finalized tariff schedules, and early trade flows are emerging despite pending rules.

This report is part of an ongoing series on developments related to the African Continental Free Trade Area (AfCFTA).  

Agriculture forms a major sector of Ghana’s economy. According to the FAO, about 57 % of the country’s total land area is deemed to be agricultural land.

Ghana has been extracting gold since the 10th. Now, the country is  Africa’s largest gold producer and one of the top 10 gold producers in the world.