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Mahama Advocates Strategic Infrastructure Investment to Unlock AfCFTA’s Full Potential
President John Dramani Mahama is advocating massive investment in strategic infrastructure across the African continent, particularly transport networks and digital connectivity, to fully unlock the potential of the African Continental Free Trade Area (AfCFTA) Agreement.
He made these remarks during a courtesy call by Mr. Wamkele Mene, Secretary General of the AfCFTA Secretariat.
Highlighting current challenges, President Mahama said inadequate road and rail networks across sub-regions have significantly hampered the effectiveness of existing regional trade agreements.
He stressed that the vision of the African Union’s New Partnership for Africa’s Development (AU-NEPAD) calls for proactive measures to seamlessly integrate and open up economies.
Citing the high volume of trade along the Abidjan-Lagos corridor, the longest route along the West African coastal belt, President Mahama articulated his vision for enhanced regional integration.
“If we invest in crucial corridors like the Abidjan-Lagos route and extend it all the way to Dakar, we will create a seamless channel for the exchange of goods, significantly boosting intra-African trade,” he stated.
The President also highlighted the increasing trade volumes between Ghana and its Sahelian neighbours, such as Burkina Faso and Mali, noting the immense potential for transit trade facilitated by improved connectivity.
President Mahama told Mr. Mene, “We are proud to be the hosts of the AfCFTA Secretariat, and our government remains fully committed to facilitating your crucial work and ensuring its success.”
On his part, Mr. Wamkele Mene began by congratulating President Mahama on his recent re-election victory and commended Ghanaians for the peaceful transition of power.
Providing an update on the AfCFTA’s progress since its establishment on May 30, 2019, Mr. Mene reported that forty-nine (49) out of fifty-five (55) African Union member states have now ratified the agreement, demonstrating strong continental commitment.
He added that twenty-four (24) countries are actively trading under the AfCFTA framework, with Ghana notably serving as one of the pilot countries since trading commenced two years ago.
Mr. Mene also noted that countries, including Benin, Libya, Sudan, South Sudan, Somalia, and Eritrea, are yet to ratify the agreement.
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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