Ghana's Economy
Accra and the AfCFTA
How Accra hosts the secretariat of the African Continental Free Trade Area, launched in 2021, and Ghana's hopes to become a trade hub.
Ghana hosts the AfCFTA secretariat in Accra.
AfCFTA
The African Continental Free Trade Area began trading in January 2021, aiming to cut tariffs across Africa.
Why it matters
- Africa trades little within itself.
- A bigger market can attract manufacturing.
Ghana’s role
Ghana hopes to become a trade and logistics hub, using the Tema port.
Challenges
- Non-tariff barriers like border delays.
- Poor roads and rail.
- Different currencies.
Progress
Trading under AfCFTA has started slowly.
The border wait
A truck carrying goods from Ghana to Nigeria waits days at borders despite AfCFTA.
Thinking tariffs are the only barrier
Border delays and roads matter too.
Key takeaways
- AfCFTA began in 2021.
- Accra hosts its secretariat.
- Ghana aims to be a hub.
- Non-tariff barriers remain.
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