
Audio By Carbonatix
The implementation of a mammoth African free trade agreement will not begin on July 1 as planned due to disruptions caused by the coronavirus outbreak, a senior official said on Tuesday.
“It is obviously not possible to commence trade as we had intended on 1 July under the current circumstances,” Wamkele Mene, Secretary-General of the African Continental Free Trade Area, said during a conference call.
Mene did not say whether there was a new targeted implementation date, and left the conference call before the question and answer session.
The 55-nation continental free-trade zone would, if successful, create a $3.4 trillion economic bloc with 1.3 billion people across Africa and constitute the largest new trading bloc since the World Trade Organization formed in 1994.
Mene said he was confident the deal would still go forward.
“The political commitment remains, the political will remain to integrate Africa’s market and to implement the agreement as was intended,” he said.
Mene said that as African governments do not have the firepower to launch the same type of economic stimulus packages that the United States and Europe are putting forward to mitigate the economic damage from the coronavirus pandemic, intra-African trade could serve the same purpose.
“That’s our stimulus package. That’s how we’re going to get back on track as Africa.”
Latest Stories
-
Telcos and Regulators are failing Ghana on Mobile Money Fraud
7 minutes -
Discussions on petroleum taxes review ongoing with Finance Minister – Jinapor
14 minutes -
BMW Club Ghana partners National Road Safety Commission for “Stay Alive” Easter road safety campaign
19 minutes -
Health Ministry launches World Health Day 2026, urges science-based action
34 minutes -
MMFL anchors MTN Group’s fintech push in Ghana
43 minutes -
Ghana’s economy shows recovery signs, but risks persist – S&P maintains stable outlook
59 minutes -
SWAG commemorates its 8th anniversary with a public lecture
1 hour -
Ibrahim Mahama claims Police Commander failed to stop alleged assault
1 hour -
Damang lease award to E&P followed due process — Minerals Commission
1 hour -
Today’s Front pages: Wednesday, April 8, 2026
1 hour -
Julian Opuni reaffirms Fidelity Bank support for industry-led skills training at DTI Berekuso campus
1 hour -
CAF President arrives in Dakar to meet Senegalese President, football authorities over AFCON title saga
1 hour -
Pastor arrested over viral threats against Vice-President
1 hour -
2026 Success Africa Summit: MTN’s Adwoa Wiafe challenges youth to act with purpose, not just pursue titles
1 hour -
Nurse laureate launches Cancer Care Africa Foundation to tackle late diagnosis, workforce gaps
3 hours