2000 Ghanaian Companies Applies For Support From Trade Ministry - Catherine Afeku

The Communications Consultant for the National Coordinating Office of Africa Continental Free Trade Area (AFCFTA), Catherine Afeku revealed that so far 2000 Ghanaian Companies have been applied for support from the Ministry of Trade and Industry.

Catherine Afeku in an interview with Soiree News Nana Anfreh said 180 out of 2000 Ghanaian Companies have been selected to receive support from the Ministry of Trade and Industry to export under Africa Continental Free Trade Area (AFCFTA).

She explained that the support which comes from the Ministry of Trade and Industry's Facilitation Program will enable Ghanaian companies and businesses exporting under AFCFTA to fully participate in the single continental market.

In addition, she said the implementation of the Africa Continental Free Trade Area would help to address the challenges of small-medium enterprises, add value to Africa's abundant natural resources, provide a boost in Intra - Africa trade, and ultimately promotes economic diversification and industrialization.

According to her, the AFCFTA would provide more jobs for Africa's very young population, knowledge and skills transfer to the continent, and all put together, an improvement in a sustainable way of the standard of living of its people.

She, therefore, called on the media to collaborate with the government in deeping knowledge on Africa Continental Free Trade Area.
The African Continental Free Trade Area is a free trade area founded in 2018, with trade commencing as of 1 January 2021. It was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations.
South Africa, Sierra Leone, Namibia, Lesotho, and Burundi have since signed the AfCFTA during the 31st African Union Summit in Nouakchott. As of July 2019, 54 states have signed the agreement.
AFCFTA is a Multi-stakeholder meeting bringing together Africa’s policymakers, private sector, academia, and civil society to reflect on accelerating Africa’s socio-economic development and transformation by harnessing its vast resources.