Audio By Carbonatix
The African Continental Free Trade Area (AfCFTA) secretariat based in Accra has launched a guided trade initiative for seven member countries.
The seven countries which have signaled their readiness to start trading under AfCFTA are Tanzania, Mauritania, Kenya, Egypt, Cameroon, Rwanda, and Ghana.
Secretary-General of the AfCFTA Wamkele Mene said at least 96 different products from the seven countries could be freely traded under the rules of AfCFTA.
Products approved to trade under AfCFTA include horticultural products, pharmaceuticals, rubber, aluminum kitchenware, sugar, steel, and wooden products. These products originating from Africa will enjoy duty-free and quota-free trading among the partnering countries.
“This is the moment the founding mothers and fathers of the Organization of African Unity have longed (for). We have finally honored and made reality the vision of those who liberated our continent,” said Mr. Mene.
“We are connecting East Africa to West Africa, North Africa to Southern Africa. Trade will be the driver of inclusivity, creating opportunities for young Africans. So we have taken the first journey today, and I hope in 15 years, we will have succeeded in lifting millions and millions of Africans out of poverty.”
Ghanaian Minister for Trade and Industry Alan Kyerematen observed that the launching of guided trade among seven countries was symbolic in many ways.
“It symbolizes that AfCFTA is not just on paper but a reality. And we are moving from talk and negotiations to action. It also symbolizes that governments in Africa who have been involved in the negotiations are now giving way to the private sector to make it a reality,” Mr. Kyerematen stated.
Latest Stories
-
NPP calls on diplomatic community to protect freedoms, end political prosecutions in Ghana
11 minutes -
NPP Youth Organiser warns of ‘ungovernable’ response over alleged harassment of members
16 minutes -
Climate change: Africa must move adaptation from promises to action – AGN Chair urges
17 minutes -
Traders raise fresh concerns over stalled Takoradi Market Circle redevelopment project
44 minutes -
Lovebirds in NDC politics? Dafeamekpor’s birthday message to Ebi Bright sets social media ablaze
45 minutes -
NPP petitions diplomatic community over alleged political persecution and democratic backsliding
52 minutes -
Multimedia Group ramps up planning for 2026 Hitz FM ReP Ur Jersey experience
54 minutes -
Rent Control Department freezes student hostel fee increases for 2026/2027 academic year
1 hour -
World Aquatics warns Ghana Sports Ministry over interference in Swimming Federation
1 hour -
CDD-Ghana welcomes Supreme Court decision to admit 14 CSOs in OSP constitutionality case
1 hour -
Lands Minister Kofi Buah touts Ghana’s superior forest management credentials at UN
2 hours -
Dubai Chamber leads 19 companies on trade mission to Ghana as non-oil trade hits US$10.7bn
2 hours -
Supreme Court admits Methodist Church Trustees in controversial Wesley Girls’ SHS case
2 hours -
Aflao Traditional Council opposes relocation of High Court
2 hours -
NADMO clears fallen tree at Ataala Junction after heavy rainfall
2 hours