In global trade corridors the renminbi (RMB) is maturing, albeit with some teething issues as it evolves from an emerging-market currency to a fundamental global reserve. In 2016, policymakers in China pivoted toward an agenda of economic stability, inadvertently allowing the RMB internationalisation project to find its own feet for the first time. According to …
The European Union and its free trade agreement took decades to establish. Africa is now hoping it can achieve the same in a fraction of the time. But with Nigeria pulling out, questions are being raised over just how achievable it really is. The vision is a free trade deal encompassing 1.2 billion people stretching …
The ECOWAS Commission has signed a trade and investment cooperation agreement with the Republic of Turkey as part of efforts to deepen economic cooperation between members of the Sub-regional body and Turkey. Signing the ‘Turkey-ECOWAS Trade and Investment Cooperation Agreement’, is seen as a principal step toward institutionalising relations between Turkey and the ECOWAS Commission. …
Ghana’s imports have dropped marginally between 2016 and 2017, figures from the Bank of Ghana have shown. The country’s imports declined from 12.9 billion dollars in 2016 to 12.7 billion dollars in 2017. This translates into a drop of 1.7 percent within the one year period. Total exports also reached 13.7 billion dollars from 11 …