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Ghana Sets Sights on Continental Trade Expansion Under AfCFTA

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louis Buyisiwe

Feb 29, 2024

Ghana' move puts AfCFTA in practices.

Breaking barriers and setting sails across Africa! Ghana shines as a beacon of trade and innovation under the AfCFTA, leading the way with over 700 certified exports. From the vibrant markets of Accra to the bustling streets of Nairobi and Dar es Salaam, we're weaving a tapestry of African unity and prosperity. Here's to crossing borders and connecting continents
Accra city has witnessed remarkable growth due to implication of internation trade relations

In a significant move towards continental trade, Ghanaian enterprises are gearing up to conquer the African market through the African Continental Free Trade Area (AfCFTA). Highlighted in President Nana Addo Dankwa Akufo-Addo's 2024 State of the Nation address, Ghana's proactive engagement with AfCFTA positions it as a key player in East Africa, with successful inroads into Kenya and Tanzania.

Under the AfCFTA's Guided Trade Initiative (GTI), Ghana is set to export an array of over 700 certified products, including cosmetics, processed foods, and garments, to these markets.

Notably, Kasapreko Company Limited, a renowned local beverage manufacturer, has already started exporting to Kenya, marking a significant achievement in Ghana's trade journey.

The collaboration with the African Export-Import Bank (Afreximbank) in launching the Pan-African Payment and Settlement System (PAPSS) is a strategic move to streamline cross-continental transactions, further enhancing trade efficiency.

With 88.3% of the Rules of Origin framework negotiated, Ghana stands out as a commendable example in implementing AfCFTA's vision for free trade across Africa.

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