Ghanaian President Nana Akufo-Addo officially inaugurated, on Monday August 17th in Accra, the seat of the permanent secretariat of the African Continental Free Trade Area (AfCFTA).
In July 2019, Ghana was chosen to host the headquarters of AfCFTA which aims to create a liberalized market for goods and services facilitated by the movement of people in order to deepen the economic integration of the African continent, in accordance with to the pan-African vision of an “integrated, prosperous and peaceful Africa” as set out in Agenda 2063.
Speaking on this occasion, Mr. Akufo-Addo noted that this is a historic moment for Ghana, noting the pride of his country to have the privilege of hosting this Pan-African institution.
AfCFTA will make Africa the largest free trade area in the world with a population of 1.2 billion people and a total gross domestic product of around US $ 2.5 trillion.
The Zone will have to promote, among other things, the movement of capital and individuals and facilitate investments, promote and achieve inclusive and sustainable socio-economic development, strengthen the competitiveness of the economies of African countries and promote industrial development through diversification and the development of regional value chains, the development of agriculture and food security.