President Nana Addo Dankwa Akufo-Addo will on Monday, August 19, 2019 open a three-day National Conference on the Implementation of the Africa Continental Free Trade Agreement, AFCFTA in Accra.
Minister for Information Kojo Oppong Nkrumah at a press briefing in Accra said the purpose of the Conference is to bring together key stakeholders in Ghana to discuss national strategies and program interventions to harness the benefits of the AfCFTA.
The theme is “harnessing the benefits of the African Continental Free Trade Area for a Ghana Beyond Aid”.
The Assembly of Heads of State and Government of the African Union (AU) selected Ghana as the host country for the Secretariat in July at the 12th AU Extraordinary Summit held in Niamey, the capital of Niger.
The core mandate of the Secretariat will be to implement the African Continental Free Trade Area Agreement, which has since been ratified by 25 member states.
Mr. Nkrumah said President Akufo-Addo at the conference will use the opportunity to articulate Ghana’s vision for the AfCFTA for a Ghana Beyond Aid.
Participants will include Senior Policy Makers, Parliamentarians, the Business Community, Academia, Representatives of Civil Society Organizations, Development Partners and the Media from Ghana and Beyond.
Some benefits expected to be derived from implementing the AfCFTA include
Increase intra-African trade through better harmonization and coordination of trade within the African continent and addressing the challenge of small fragmented markets in Africa by creating a single continental market which will lead to economies of scale.
It will also add value to Africa’s abundant natural resources and promote economic diversification and industrialization and develop regional value chains and facilitate cross border investments in Africa.
The AFCFTA is also expected to attract Foreign Direct Investments (FDI) into Africa with strong regional and local content to help address foreign exchange constraints.
Latest Stories
-
Chalobah and Jackson score as Chelsea defeat Tottenham
2 mins -
NPP praises Police, EC for successful Ejisu by-election
19 mins -
2024 Ramadan Cup: Bawumia donates 20,000 to four teams as Ashaiman lifts trophy
20 mins -
PMI Ghana Chapter members tour Kasoa BSP Project
20 mins -
Child Rights International pledges support for toddler mauled by dog
22 mins -
Cedi’s woes due to diminishing expectations of investors concern about Ghana’s competitiveness – Prof. Peprah
28 mins -
EIU optimistic Ghana’s debt-carrying capacity could easily improve in future
44 mins -
Access Bank Ghana Plc records commendable financial growth in quarter one, 2024
3 hours -
GFA DC charges Bashir Hayford over alleged misconduct in Bechem Utd game
3 hours -
MTN FA Cup: Dreams FC beat Soccer Intellectuals to make semis
4 hours -
Ayorkor Botchwey champions transformative investment, trade agenda
4 hours -
KNUST, University of Rwanda share experiences in implementation of Mastercard Foundation Scholars Program
5 hours -
Top 10 most visited tourist sites in Ghana 2023
5 hours -
Cecilia Dapaah case: I will reopen investigation into alleged acts of corruption – Mahama
5 hours -
GRA boss charges customs officers to be professional ahead of 2024 general elections
5 hours