
Audio By Carbonatix
The United Nations has instituted a board to bring out modalities for African countries that are yet to be part of the African Continental Free Trade Agreement.
The members of the board which will be dispatched to various countries are expected to engage Finance and Trade Ministers of countries including, Nigeria and South Africa who are yet to sign on to the deal.
The Executive Secretary of the United Nations Economic Commission for Africa, Dr Vera Songwe disclosed this in Accra.
Dr Songwe was speaking on the different perspective of transformation at the national, continental and Regional levels including the critical role of global partnerships and the private sector.
She said, “All the big economies will realise that if they don't come on board, they will not be able to make it because we're in an era of technology where we can move goods without moving people.”
Dr Songwe said, “Our mission over the next six months is to get 22 countries to ratify. We're sending a team to all the countries, any member country that needs support will be given. Our analysis shows that we will have a 53 per cent increase in intra-trade if the deal is ratified.”
“What that means is that we will be producing more to trade among ourselves. Once that is done then I think the people will have the benefit,” she added.
Economic Commission for Africa (ECA) is the only UN agency mandated to operate at the regional and subregional levels to harness resources and bring them to bear on Africa's priorities.
To enhance its impact, ECA places a special focus on collecting up to date and original regional statistics in order to ground its policy research and advocacy on clear objective evidence; promoting policy consensus; providing meaningful capacity development; and providing advisory services in key thematic fields.
Latest Stories
-
A response to Prof Kwaku Asare’s defence of “useless” degrees
8 minutes -
When mentorship becomes bullying: The hidden abuse of power in academia
9 minutes -
Mahama pledges to make Upper West a hub for academic excellence in Northern Ghana
12 minutes -
Mr Oduro releases ‘Gishiri’ to raise awareness about excessive salt consumption
15 minutes -
CSA warns of rise in online hookup blackmail, urges public to report cyber extortion
18 minutes -
Government identifies 50 locations for Farmers Service Centres nationwide – Mahama
19 minutes -
Support Leadership, Not Division: Why Kurt E.S. Okraku deserves our backing
20 minutes -
Ghana football deserves better: A reckoning after the 2026 World Cup
24 minutes -
Governance should be measured by completed projects, not promises – Mahama
27 minutes -
Government begins procurement process for new Wa Airport – Mahama
28 minutes -
Mahama proposes greater role for chiefs in monitoring district development projects
31 minutes -
Upper West has strategic potential; government will support its growth – Mahama
33 minutes -
Financial sector fraud cases surge to nearly 25,000, exceeds GH¢100 million in value at risk
33 minutes -
Government to transform Upper West into commercial and logistics hub – Mahama
34 minutes -
Police clamp down on unauthorised sirens and other traffic violations in Kumasi
38 minutes