Akufo-Addo highlights AfCFTA’s role in continental transformation
Published:
2 months ago
Source:
3News
President Akufo-Addo
President Nana Addo Dankwa Akufo-Addo has emphasized the transformative potential of the African Continental Free Trade Area (AfCFTA) Agreement in driving Africa's economic integration and industrialization. He said this during the 5th anniversary celebration of the Council on Foreign Relations Ghana, in Accra last week. Speaking on the theme "The Limits of the Current Development Co-operation Framework for Africa's Transformation," the President highlighted the AfCFTA as a key component of a new paradigm for development cooperation in Africa. The AfCFTA Agreement, according to President Akufo-Addo, represents a bold and transformative initiative aimed at accelerating intra-African trade, promoting industrialization, and fostering economic integration across the continent. He noted that the agreement seeks to create a single market for goods and services, encompassing 54 countries and over 1.3 billion people, and has the capacity to significantly boost intra-African trade.
"Enhanced economic integration can lead to economies of scale, increased competitiveness, and greater market access for African businesses," President Akufo-Addo stated.