Audio By Carbonatix
The African Continental Free Trade Area is the most ambitious integration project ever in the history of the African continent, President John Mahama has said.
Speaking at the Africa Trade Summit 2026 in Accra, President Mahama said industrial integration required market integration.
The Africa Trade Summit 2026 is the continent’s premier platform for advancing industrialisation, trade, and investment.
Organised by the African Trade Chamber in partnership with the Government of Ghana, the Summit brings together decision-makers shaping Africa’s economic transformation under the framework of the African Continental Free Trade Area (AfCFTA) and the African Union’s Agenda 2063.
The President said by creating a single market of over 1.3 billion people, the African Continental Free Trade Area provides the scale African industry has long lacked to expand.
He reiterated that it transformed Africa into a viable manufacturing and investment destination.
“And Ghana is proud to host the Secretariat of this continental body and to be among the early adopters of trading under its preferences,” the President said.
“But the African Continental Free Trade Area will not automatically industrialise Africa. It must be deliberately linked to industrial policy, infrastructure investment, and enterprise development.”
President Mahama said reducing non-tariff barriers, simplifying customs procedures, improving logistics, and investing in digital trade infrastructure were essential if the African Continental Free Trade Area was to deliver on its promise.
He said Ghana’s experience reinforced key lessons, adding that industrialisation worked when policies were deliberate, infrastructure was reliable, skills were developed, and macroeconomic stability was maintained.
The President said investments in transport, energy, and technical education were foundational.
He noted that good governance was equally important.
President Mahama said investor confidence thrived when institutions were strong and policies were predictable.
“Africa’s industrial transformation cannot be achieved solely by governments. Governments must provide leadership and stability. The private sector must invest and innovate,” he stated.
“Financial institutions must design long-term financing solutions. Development partners must align with Africa’s priorities. And African institutions must coordinate and remove the barriers to integration.”
President Mahama urged his fellow African leaders to envision an Africa with thriving industrial corridors, integrated supply chains, and competitive factories that produce for both African and global markets.
“An Africa where prosperity is shared, and opportunity is created at home. This vision is bold but achievable. What is required now is urgency and resolve,” he said.
“We must move from declarations to delivery, from agreements to implementation, and from vision to construction.”
Latest Stories
-
UK radio station in hots waters after mistakenly announcing King Charles’ death
3 minutes -
GoldBod yet to agree to BoG proposal to serve as fiscal agent — Sammy Gyamfi
6 minutes -
Police Ladies crowned maiden Women’s KGL Democracy Cup champions
24 minutes -
Ga Mantse praises MIIF over GH¢1.1bn profit and GH¢5.4bn royalty collections
36 minutes -
Poor service delivery threatens Ghana’s tourism competitiveness – Service Excellence Foundation
38 minutes -
AKSA Energy deal: Evidence of conspiracy enough to prosecute implicated officials – Ayikoi Otoo
38 minutes -
‘Body in suitcase’ found in Australia turns out to be lifelike doll
39 minutes -
GoldBod making ‘tremendous progress’ in formalising Ghana’s gold trade – Sammy Gyamfi
40 minutes -
Virtual Security Africa Ltd joins JoySports Invitational Tournament 2026
41 minutes -
GoldBod buys nearly 2 tonnes of gold to strengthen Ghana’s reserves – Sammy Gyamfi
42 minutes -
GoldBod records significant rise in gold sales in 2025 – Sammy Gyamfi
42 minutes -
Sammy Gyamfi calls claims linking his bodyguards to GH¢200m GoldBod loss ‘laughable’
43 minutes -
Building the real Wakanda: Ghana’s Asante King brings an investment pitch to Washington
44 minutes -
GoldBod generated GH¢970m in non-tax revenue from assay fees in 2025 – Sammy Gyamfi
45 minutes -
After three decades, a murder trial brings focus back to the legacy of Tupac Shakur
45 minutes