Herbert Krapa: Actual trading between 8 countries begin under AfCFTA

Actual trading is starting between eight African countries under the Africa Continental Free Trade, Area (AfCFTA), deputy trade minister,  Herbert Krapa has said.

The countries are Ghana,  Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania and Tunisia.

Speaking at the Afreximbank Export Trading Companies seminar in Accra on Monday (22 August) Krapa said the AfCFTA secretariat deserves commendation for its work so far.

“Our industrial revolution with capacity for self-reliance is today beyond debate, and our ability to do so, should be the same by now. We know the Africa we want when we see it and we must work together to see it.

“The AfCFTA Secretariat and its young dynamic Secretary General deserve to be congratulated for leading what I believe is a successful implementation in the making.”

“The Secretariat has also launched the AfCFTA Initiative on Guided Trade to simply translate all the progress on paper into action. Actual trading is starting between Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania, Tunisia and Ghana,” Krapa said.

Krapa is unhappy only half of the 3000 companies in Ghana ae currently engaged in significant export.

“Only half of 3000 export companies in Ghana for instance engage in significant trading, with the other half, finding respite in sporadic exports annually. This has to change! Why must 70% of our total non-traditional exports revenues be generated by only a few companies?” he asked.

Fred Dzakpata

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