The Nana Akufo-Addo led administration continues to talk up the decision of the African Union to site the African Continental Free Trade Area (AfCFTA) in Ghana.
In a just ended press briefing on the decision, Minister for Trade Alan Kyeremanteng said the move has the potential of making Accra the “new commercial capital of Africa, a regional trade hub and economic epic-center and the new gateway to the continent.”
Government has been hailing the decision as strategic and timeous considering the role Ghana played in the formation of the African Union and the move to create an economic bloc on the continent.
Alan Kyeremanteng believes Ghana deserves the honour and is convinced the timing of the move works in the interest of Ghana because of leaps in the economic fortunes of the country and the continent.
Beyond the creation of direct employment opportunities for Ghanaians who get to work with the Secretariat, Ghana’s trade minister believes hosting the AfCFTA will make Ghana an “Attractive investment destination and actively promote Foreign Direct investments”.
“It will attract major international financial institutions and become the preferred location for siting the Corporate Headquarters of international companies doing business in Africa,” he hoped.
Alan Kyeremnanteng also expressed the hope that the presence of the AfCFTA Secretariat in the country will give government’s industrialization agenda a major boost as well as open up new economic opportunities in Ghana.
“The AfCFTA will open up new market access opportunities under preferential terms for Ghanaian producers particularly SMEs,” he stated.
Story by: Sena Nombo/Radiogoldlive.com
