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Resource Governance Group warns against potential financial risks at GoldBod

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Home»Business»Ghana, UK Sign MoU To Deepen Trade Ties
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Ghana, UK Sign MoU To Deepen Trade Ties

By newsfileghJuly 31, 20252 Mins Read
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The Ministry of Trade, Agribusiness and Industry is making significant strides toward the smooth implementation of the Ghana–UK Trade Partnership Agreement (TPA), following strategic discussions with high delegation from the United Kingdom.

The talks identified three priority areas critical to unlocking the full benefits of the agreement.

These include revitalizing the Ghana–UK Business Council to enhance bilateral cooperation, advancing regulatory harmonization through the signing of Memoranda of Understanding (MoUs) between Ghanaian and UK regulatory bodies, and finalizing rules of origin to provide clarity on trade guidelines.

The regulatory harmonization process is expected to streamline product certification and facilitate trade. Ghana’s key regulatory institutions—the Ghana Standards Authority, Food and Drugs Authority, and the Customs Division of the Ghana Revenue Authority—will be central to this process, working closely with their UK counterparts under the proposed MoUs.

The Chief Director of the Ministry of Trade, Agribusiness and Industry, Mr. Noah Tumfo reaffirmed Ghana’s commitment to fully leveraging the opportunities presented by the agreement, which offers duty- and quota-free access for Ghanaian exports to the UK market.

He emphasized the government’s priority of using trade as a vehicle to promote government’s industrialization agenda.

Ms.Tess Phjppen, the Trade Advisor for the UK’s delegation reiterated her country’s readiness to work closely with Ghana to ensure the agreement delivers tangible benefits for businesses and consumers. She noted that the TPA remains a vital tool in strengthening bilateral relations and fostering inclusive economic growth.

Engagements have already been held with the UK’s Foreign, Commonwealth and Development Office (FCDO) and the Department for Business and Trade on these key matters. The incoming UK High Commissioner to Ghana, who is expected to arrive in Accra by September, has been briefed on the progress made so far.

The engagement reflects the shared resolve of both governments to build a more robust and resilient trade relationship, rooted in mutual respect, transparency, and long-term development.

These efforts signal a renewed commitment by both parties to ensure the TPA delivers real benefits for businesses and consumers through improved market access, streamlined processes, and stronger institutional collaboration

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