Ghana to host two conferences on trade and investment
Accra (Greater Accra) 09 July 2002 - Ghana is to host two trade meetings with the United States in July that would positively influence trade relations between the
Two countries.
The first is the Second Meeting of the Council of the Trade and Investment Framework Agreement (TIFA), which would be held on 10 11 July. The second one is the first ever seminar on the African Growth Opportunity Act (AGOA) to be held on 11 12 July.
Dr Kofi Konadu Apraku, Minister of Trade and Industry, told a press conference in Accra on Monday that the meetings would mark the importance the two countries attached to trade with each other. Ghana is hosting the meetings as one of the few countries in Sub-Sahara Africa to have an agreement with the US on the development of trade and investment relations, he said.
The TIFA aims at developing and enhancing trade and investment relations between Ghana and the US and it derives its existence from an article of the agreement, which established Ghana-US Council as the apex body to oversee the setting of targets.
Dr Apraku said the objectives of TIFA included the need to enhance friendship and the spirit of co-operation, to develop further both countries' international trade and economic inter-relations, to resolve any trade and investment problems amicably and to establish a bilateral mechanism for encouraging the liberalisation of trade and investment between the two partner nations.
On AGOA, Dr Apraku said, it was the first ever seminar to be held in an Anglophone West African country and it would be on the theme: "Maximising the Benefits Of AGOA In West Africa."
Dr Apraku said due to the success of similar meetings held in Uganda and Cameroon, "I have no doubt that this seminar will also be a great success". He said about 400 participants would attend the meeting from Ghana, Nigeria, Sierra Leone and Liberia and urged Ghanaian businessmen to register to participate in the event.
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Accra (Greater Accra) 09 July 2002- Stock trading on the Ghana Stock Exchange (GSE) opened this week with a slight gain on the back of Ghana Commercial Bank (GCB) and CFAO Limited (CFAO) which rallied on Monday to add 0.82 points to the index
The All-Share Index ended trading up at 1,231.96 points from 1,23.14 points.
Shares traded closed the day at 187,808 as the change in the year to date fixed at 28.87 per cent. Market capitalisation now stands at 4,707.58 billion cedis.
On the broader market, there were two price changes - all positive. GCB made nine cedis to open the week at 3,260 cedis while CFAO registered two cedis gain at 62 cedis.
The following are the last prices of listed equities in cedis:
ABL 360
AGC 18,800
ALW 4,000
BAT 924
CFAO 62 +2
EIC 4,200
FML 1,617
GBL 900
GCB 3,260 +9
GGL 910
HFC 955
MGL 253
MLC 255
MOGL 19,000
PAF 750
PBC 440
PZ 1,620
SCB 21,652
SPPC 372
SSB 3,701
SWL 285
UNIL 3,551
CMLT 450
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