UK finalises trade deal with Ghana

The UK has finalised negotiations with the African nation of Ghana on a new trade agreement, international trade secretary Liz Truss announced on Friday.

The deal covers trade worth £1.2bn, helping to secure jobs and livelihoods in both Ghana and the United Kingdom.

The Department for International Trade said in a statement: “Today Ghana and the UK are pleased to announce that they have finalised negotiations on a new Interim Ghana-UK Trade Partnership Agreement.

“This Agreement will provide for duty free and quota free access for Ghana to the UK market and preferential tariff reductions for UK exporters to the Ghanaian market.

“The new Agreement reaffirms the deep interest of both Ghana and the UK to strengthen their longstanding trade and economic relationship.”

The UK has now agreed either continuity agreements or new trade agreements with over 90 nations across the globe since leaving the European Union last year.

Liz Truss has recently suggested that further new deals with Australia and New Zealand are close to completion, and Australia’s High Commissioner to the UK, George Brandis marking 2021 as a “very significant year” for the Australia-UK relationship.

The agreements with Australia and New Zealand are viewed as many as a stepping stone to the Pacific free trade area known as CPTPP which the UK formally applied to join last week.

Trade secretary Liz Truss struck an optimistic tone when discussing Britain’s application: “Joining CPTPP will create enormous opportunities for UK businesses that simply weren’t there as part of the EU and deepen our ties with some of the fastest-growing markets in the world.

“It will mean lower tariffs for car manufacturers and whisky producers, and better access for our brilliant services providers, delivering quality jobs and greater prosperity for people here at home.

“We’re at the front of the queue and look forward to starting formal negotiations in the coming months.”