The AfCFTA is expected to boost intra-African trade by 33% once full tariff liberalization is implemented, attracting additional intra-African investments and creating market opportunities to foster Africa’s industrialization through regional value chains, according to a report by UNCTAD. If implemented successfully, the AfCFTA has a potential of generating $6.5 trillion by 2030. However, lack of adequate capacity is a major threat to the successful implementation of the AfCFTA.
For the AfCFTA to be implemented successfully in Ghana, the government must address these capacity constraints:
leaders must also develop their capacity in understanding how trade policy can benefit the people they serve.
Addressing these various capacity gaps will go a long way in making Ghana and in a broad sense Africa ready for intra trade that serves a tool in the sustainable development agenda.
Isaac Hubert Arthur
Read more via GNA website