AfCFTA Secretariat: Ghana’s stable democracy won the bid – Economist


An Economist, Dr. Sidi Ali, has said that, Ghana’s stable democracy won her the opportunity to site the African Continental Free Trade Area (AfCFTA) Secretariat building in Accra.

He said, over the last few years, Ghana has demonstrated beyond reasonable doubt it has a stable democracy, adding that, a smooth change of government without crises is evidence.

The AfCFTA Secretariat is expected to administer the free trade agreement creating a Single Market for 55 countries with a combined population of 1.2 billion and a total Gross Domestic Product of about US $2.5 trillion.

The hosting of AfCFTA Secretariat in Ghana will promote Ghana as an attractive regional and investment hub in Africa, boost economic activities, and provide job opportunities for Ghanaians.

President Nana Akufo-Addo on Monday, 17th August 2020 commissioned and hand over the African Continental Free Trade Area (AfCFTA) Secretariat building to the African Union Commission (AUC) in Accra.

Commenting on the matter, Dr. Sidi Ali said, “Heads of West African States were looking for a country with stable democracy. If you survey the sub-saharan region, Ghana is unpredictably the country with a stable democracy.”

“We(Ghana) must also take advantage of this great opportunity. We must not only tout ourselves as the first Sub- Saharan African Country to achieve independence from Colonial rule, however, we must get the best from this secretariat. “

“We need to have a standard tariff requirement as well as a standardized customs.”

Dr. Ali also condemned the closure of Nigerian borders even before the outbreak of the COVID-19 pandemic in Africa. He noted that, ECOWAS leaders should have engaged the Nigerian government on this matter as it could retard the smooth trading among African countries.

While condemning the closure of Nigerian borders, he added that, “another disturbing issue here in Ghana is the decision by the Trade Ministry to lock up shops belonging to Nigerians doing retail business. Some of the reasons some Ghanaian traders have given are unreasonable. What would happen in Nigeria if they also decide to close down shops belonging to Ghanaians in their country. The actions and inactions of all members states of AfCFTA must portray to the World their readiness to trade successfully for the development of the continent.”

Below is the Audio of Dr. Sidi Ali

Ghana/ Nyarko Abronoma

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