African Continental Free Trade Area (ACFTA)

The Ministry of Trade and Industry is warning of the possibility of Small and Medium Scale Enterprises (SME) without Ghana Standards Authority’s certification losing out on the African Continental Free Trade Area deals. A Ghana Standards Authority survey reveals fifty (50) percent of local manufacturers delay with certification renewal timelines while others fail to renew. Director of Bilateral, Multilateral and Regional Integration at the Ministry of Trade, Mickson Opoku, meanwhile cautions defaulting businesses might not be able to compete favourably in the trade area. “When you want to enter a market, your products will have to meet some basic standards.…