#National News

Journalists sensitised on ACFTA

Mar 11, 2021, 3:46 PM | Article By: Adama Tine

In a bid to equip journalists with issues relating to the Africa Continental Free Trade Area (ACFTA), which came into effect on January 1, 2021, the Network of Financial and Tax Reporters (NFTR) with support from the Ministry of Trade and UNDP on Wednesday convened a day’s sensitization on ACFTA at the National Nutrition Agency (NaNA).

Addressing the forum, Ousman Bojang, the director of Trade at the Ministry of Trade, Regional Integration and Employment, said the adoption of the agreement establishing the Africa Continental Free Trade Area (ACFTA) is an important milestone in the history of the African continent, as the desire is to collectively promote continental development through trade.

He said (ACFTA) agreement will not only provide a solid platform for the state parties to work together towards sustainable growth and development, but it will also serve as a platform in mobilising African support in advancing the WTO Doha Development Agenda and advocate for stronger multilateral trading system in the interest of all members.

The regional trade integration, he added, has long been a strategic objective for Africa, despite some success in eliminating tariffs within regional communities.

“A range of non-tariff and regulatory barriers still raise transaction costs and limit the movement of goods, services, people and capital across borders throughout Africa.”

Bojang revealed that it is estimated that intra-African trade costs are around 50% higher than in East Asia, and are the highest of intra-regional costs in any developing region as the result of these high costs is that Africa has integrated with the rest of the world faster than with itself.

For his part, Abdoulie Nyokech, president of Network of Financial Tax Reporters said that the primary objective of the NFTR-Gambia Chapter is to serve as a watch- dog to ensure that there is fair play in tax payment between business communities, the government and the tax authorities.

He explained that amongst the objectives of the NFTR, is to educate and sensitise the masses on the importance of tax payment to government and the devastating effect of anti-money laundry and terrorist financing in the sub region.

“We believe the media has an important role in helping protect our financial system and economy from money laundering and terrorist financing threats.” he concluded.

Read Other Articles In National News
Climate change workshop
Climate Change Secretariat concludes second sectoral workshop
May 9, 2022, 12:27 PM

The Climate Change Secretariat with support from the Long Term Strategies National Coordinator and Pakau Consultancy, a firm recruited to lead the elaboration process of Gambia's Long Term Strategy (LTS), on Saturday 7th May 2022 concluded another two-day sectoral workshop as part of activities geared towards the development of the LTS, at Halahin Eco Lodge in Kartong.

Bwiam Market
Covid-19 impact: Access to essential services in Bwiam. Bwiam market women lament difficulties
May 28, 2021, 2:21 PM

The impact of Covid-19 has been stressful on families. The Bwiam Market women have lamented that the coronavirus pandemic has brought a lot of sufferings and that their progress had faced setback.

Foni Ding Ding
Foni Ding-Ding Federation gives items worth D1M to Foni and Kiang schools
Oct 23, 2020, 12:07 PM

Foni Ding-Ding Federation, a local partner to ChildFund-The Gambia on Tuesday donated 50, 000 exercise books, sanitary materials and hand washing stations worth 1milliondalasis to enrolled students and schools within the five districts of Foni and 4 communities in Kiang.

GAMCOTRAP certifies educators
GAMCOTRAP certifies 100 educators for change
Mar 9, 2021, 11:34 AM

The Gambia Committee on Traditional Practices Affecting the Health of Women and Children (GAMCOTRAP) recently unveiled and certificated its first cohort of 100 trainees comprising both boys and girls, who are expected to fight and advocate against violence against women and girls.