Skip to main content

Ghana committed to free trade – Nana Addo

March 22, 2018
Nana Addo interacting with Rwanda's President, Paul Kagame and others
 35  0  0  1
 37 The President of the Republic, Nana Addo Dankwa Akufo-Addo, says Ghana is fully committed to the success of the Continental Free Trade Area (CFTA), after its formal launch in Kigali, Rwanda, at an Extraordinary Session of the Assembly of Heads of State and Government of the African Union, on Wednesday, 21st March, 2018.
With the CFAT described as “the largest free trade area created since the formation of the World Trade Organisation”, President Akufo-Addo noted that Ghana has already indicated her readiness to host the CFTA Secretariat in Accra.

The coming into being of the CFTA, according to President Akufo-Addo, is one of the most important decisions the African Union will ever take.

“Fifty five years ago, the Organisation of African Unity (OAU) was formed to spearhead the struggle for liberation and de-colonization of our continent. Its triumph ushered us into the era of the African Union (AU), our continental body, which is now the champion of our collective interests in the global community,” he said.
The President continued, “The time is now right that we demonstrate strong political will to make the African Union an economic and political success, and to make the project of integration real.”

With Africa’s population set to reach some 2 billion people in 20 years time, President Akufo-Addo noted that an African Common Market presents immense opportunities to bring prosperity to the continent with hard work, enterprise and creativity, hence, the importance of the success of the Continental Free Trade Area.
“A working, common continental market has to be a very fundamental objective of all peoples and governments on the continent. Research has shown that countries or groups of countries with the largest share of world trade are located within regions with the highest levels of intra-regional trade. It is thus vital that the treaty works, and that the Continental Free Trade Area becomes reality,” he said.
An increase in trade, President Akufo-Addo explained, is the surest way to develop fruitful relations between African countries.

“An increase in trade is the surest way to develop fruitful relations between our respective countries. It will mean a rapid increase in exchanges of our agricultural, financial, industrial, scientific and technological products, which would enhance dramatically our attainment of prosperity, and the prospects of employment for the broad masses of Africans, particularly our youth,” the President added.
President Akufo-Addo appended his signature to the three legal instruments namely the Agreement establishing the Continental Free Trade Area; the Protocol on Free Movement of Persons; and the Kigali Declaration, which have brought the CFTA into being

Comments

  1. Unknown25 March 2018 at 17:48

    The economist was wrong and biased. This is deliberate as part of fake news industry which undermine Tanzania's efforts under Dr John Pombe Magufuli couragious leadership to steer the country in a new direction . The economist was wrong because it deliberately failed to mention in a spate of two years things which appeared impossible have been achieved. Free eduaction up to Seondary _ a basic human right quality, instituted discipline in governent institution_ goverment machinery is running like a "fine tuned engine", stumped out corruption which was systemic to mention a few in two years?. Dr John Pombe Magufuli needs a big up. He is a new brand of leadership Africa needs

    ReplyDelete
  2. A. Massawe27 March 2018 at 10:30

    This comment has been removed by the author.

    ReplyDelete

Post a Comment

Popular posts from this blog

Facts The Economist Got Them Wrong on Magufuli

DAR ES SALAAM, East Africa:  By Dr. Hernan Louise Verhofstadt* “ A BIT like President Donald Trump, Tanzania’s president, John Magufuli, likes to fire employees on television. In November Mr. Magufuli used a live broadcast from a small town in the north of the country summarily to dismiss two officials,” this is an extract from a recent online article I came across from the newspaper that I admired when I was growing up in Europe back in 1990’s; the Economist . Before I venture into other serious issues, the excerpts above contains gross factual errors; my own fact-check indicates that in the named public rally during the opening of Kagera Airport, there was no summary dismissal of the two officials instantly on television, as alleged. Instead, the two, one District Executive Directors for Bukoba Urban and another for Rural were relieved their duties later through a press release from President’s Office.   This is my prima impressio reading the Econom...
45 comments
Read more

Tundu Lissu, a despot in the shadow?

By Masinde Masondore, Montreal, Canada, 01-04-2018:  WHEN a learned politician brags of publicly embarrassing his President and counts it an honor while deliberately sabotages the nation's economic interests is a misfit in African traditions. 'Africans have had own ways of criticising the King, the way it happened in ancient Israel, however, in any case, the nation's interests were set apart from any sabotage," Gilbert Moshi. Tindu Lissu, a controversial Tanzanian opposition politician would be leaning on a wrong wall. He chose a road less travelled by learned individuals who mostly were rational. The road he walks and the philosophy he exhibit, only label him a tyranny of darkness. Any democratic leader, whether in opposition or ruling party ought to be totally enveloped in wisdom which prevents monumental errors of judgment. Lissu does not exhibit a minute of it. One of the pillars of customer-focused policies in the business world i...
10 comments
Read more

Magufuli Honours Promise As Dangote Factory Gets Direct Gas Supply

Production on of affordable cement now to start next month  By Correspondents Dar and Nairobi, 15:16 GMT Under his famed “delivery per se” policy, the government of Tanzania under President John Pombe Magufuli has finally confirmed that it has completed its phase mission of connecting Dangote cement plant in Mtwara, in the southern region of Tanzania, to the natural gas to generate the needed 35MW. Mr. Aliko Dangote in a tete a tete with President Magufuli at the inaugaration of the plant last year. Speaking at the end of his tour of the factory, the Energy Minister Dr. Medard Kalemani said the government was committed to supply the natural gas resource to enable Dangote cement plant access affordable energy for smooth cement production. The factory is one of the biggest cement plants in Southern Africa providing affordable cement to locals and countries in the vicinity. “I am telling you TPDC, if the factory delays to complete its i...
5 comments
Read more