Africa: Ghana to house Africa free trade Zone Secretariat

Ghana’s capital city, Accra, will play host to the African Continental Free Trade Area (AfCFTA) permanent office and secretariat following Niamey summit of the African Union (UA).
African heads of the states in Niamey, on Sunday, gave their support to Ghana to be host nation for the AfCFTA office.
AU Chairman Egyptian President Fattah al-Sisi, Bloomberg reports made the announcement in his closing statement.
The West African country was in competition with Ethiopia, Eswatini, Kenya, Senegal and Madagascar.
The heads of in the Nigerien capital rubber-stamped the establishment of the zone after Nigeria and Benin signed the agreement now approved by 54 countries.
The AfCFTA will the countries of the continent to boost intra-trade, improve supply chain and multiplicity of expertise. The free trade zone will lead to the removal of tariff on most goods.
Ghana’s choice is also motivated by the Pan-African vision of its leader Addo Dankwa Akufo-Addo. The country touted as one of the fastest growing economies of the continent is well known for its Pan-African history.
President Akufo-Addo pledged a contribution of $10 million in the building of the future office.

Posted by on July 9, 2019. Filed under News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.