On the “New Year Eve”, thus the 31st December, 2020, The Ministry of Trade and Industry in collaboration with the International Trade Secretary announced a trade deal between the UK and Ghana.
The deal was to foster good and familiar economical relationships between the two parties. In the Provision, they have reached a consensus on the main elements of the trade agreement that would replicate the trade alliance between the two.
The Minister of Trade and Industry designate, Hon Alan Kyeremanteng in a statement released confirmed that the agreement has already been finalised.
“I am pleased that we have finalised a new Interim Ghana-UK Trade Partnership Agreement providing duty free & quota free access for Ghana to the UK market & preferential tariff reductions for UK exporters. This reaffirms our longstanding trade & economic relationship”
The Secretary of International Trade, Liz Truss, also confirmed the news in a release statement:
“Pleased to have finalised deal with Ghana covering £1.2bn of trade. Deal will be signed shortly🇬🇧🇬🇭”
The Agreement is expected to enter into effect following the completion of relevant internal procedures required by both Ghana and The UK.