Following the exit of the United Kingdom from the European Union, Ghana is expected to benefit from a zero duty on all exports as well as a quota free market access.
This is according to some of the proposals under the new trade deal being discussed by the Ghanaian Embassy and the United Kingdom officials, JoyBusiness reports.
Adam Afriyie, the UK Prime Minister’s Trade Envoy speaking to reporters said the UK is now looking at a bilateral trade deal that will be signed to help facilitate the movement of goods and services without tariffs and quotas.
“We’re now looking at Ghana as equal partners and this will be a proper bilateral trade deal that will be signed and it won’t be overly favouring the UK or Ghana but it will just facilitate the movement of goods and services without tariffs or quotas between our nations,” he stated.
“Clearly there will be a huge influx of goods but there will be discussions around them but quite frankly this is not going to be like it was 50 years ago, this is very different and Ghana is going to be an equal partner with Britain and that’s how we’re discussing the situation,” Adam Afriyie explained.