Trade Ministers says Ghana is ready for AfCFTA

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Alan Kyerematen, the Minister for Trade and Industry, has said Ghana is ready to take advantage of the African Continental Free Trade Area (AfCFTA).

According to him, the government has rolled out the necessary structures capable of facilitating the take-off in January next year.

“I say we are ready on two grounds. First, we have introduced institutional frameworks that makes us ready and I believe you recall that the President has introduced an inter-ministerial facilitation team made up of critical sector ministers who are supposed to provide strategic guidance and support to make Ghana ready for the AfCFTA. There is a national steering committee that is coordinating and guiding the support that will be given to the private companies and other stakeholders.”

He also said that a national AfCFTA coordinating office has already been established to coordinate the activities of the block in the country. In addition, he said seven technical working groups have also been established to examine details required to make sure that the policy is supportive and provides assistance to the benefit of private companies in the country.

Speaking at the closing ceremony a 2 day National Conference on the Implementation of the African Continental Free Trade Area (AfCFTA) in Accra under the theme “Empowering Ghanaian Businesses to Harness the Benefits of the African Continental Free Trade Agreement under the Framework of the National Export Development Strategy (NED)”, the Minister noted that the increasing intra-African trade would lead to the rapid increase in the exchange of agricultural, industrial, financial, scientific and technological products, which would significantly enhance Ghana’s economic fortunes, create profit for Ghanaian businesses and provide opportunities for employment for the youth.

President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi expressed the readiness of industries under the association in utilizing the opportunities presented by the AfCFTA. He described the citing of the AfCFTA Secretariat here in Ghana as a huge opportunity for Ghanaian businesses to leverage on the production of goods and services for export. He encouraged industries to strategize well and invest in building their export capacity.

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