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Pres Akufo-Addo Highlights AfCFTA’s Role In Continental Transformation
During the 5th anniversary celebration of the Council on Foreign Relations Ghana, President Nana Addo Dankwa Akufo-Addo delivered a keynote speech emphasizing the transformative potential of the African Continental Free Trade Area (AfCFTA) Agreement in driving Africa’s economic integration and industrialization.
Speaking on the theme “The Limits of the Current Development Co-operation Framework for Africa’s Transformation,” the President highlighted the AfCFTA as a key component of a new paradigm for development cooperation in Africa.
The AfCFTA Agreement, according to President Akufo-Addo, represents a bold and transformative initiative aimed at accelerating intra-African trade, promoting industrialization, and fostering economic integration across the continent. He noted that the agreement seeks to create a single market for goods and services, encompassing 54 countries and over 1.3 billion people, and has the capacity to significantly boost intra-African trade.
“Enhanced economic integration can lead to economies of scale, increased competitiveness, and greater market access for African businesses,” President Akufo-Addo stated. He cited a United Nations Economic Commission for Africa (UNECA) report which projects that intra-African trade could be 34% higher by 2045 with the AfCFTA than without it.
President Akufo-Addo also highlighted the potential of the AfCFTA to drive industrialization and create decent jobs for Africa’s growing population. He emphasized that one of the serious challenges facing Africa is the reliance on the export of raw materials with little value addition. The AfCFTA Agreement, he argued, provides an opportunity to shift towards industrialization and value addition by creating a larger market for manufactured goods and promoting regional value chains.
By encouraging investment in manufacturing and processing industries, the AfCFTA can help create jobs and drive economic growth across the continent.
“The establishment of a continental free trade area should magnify Africa’s attractiveness as an investment destination,” the President stated, adding that the implementation of the AfCFTA Agreement can create a more predictable and stable business environment, attracting both domestic and foreign investment.
In his speech, President Akufo-Addo also addressed the role of small and medium enterprises (SMEs) in Africa’s economies, noting that they contribute significantly to employment and income generation.
He pointed out that SMEs often face challenges related to market access, financing, and regulatory constraints. The AfCFTA, he argued, can provide new opportunities for SMEs by expanding their market reach and reducing trade barriers.
The President highlighted the SME Growth and Opportunity Programme he recently launched, which aims to provide targeted financing solutions and technical assistance to SMEs in Ghana.
The programme, he explained, is an important step towards creating a viable SME ecosystem that will empower businesses with high-growth potential to scale up and create impact across their communities.
In conclusion, President Akufo-Addo reiterated the transformative potential of the AfCFTA Agreement, stating that it represents a central component of the new paradigm for development cooperation in Africa. He expressed confidence that by leveraging the opportunities presented by the AfCFTA, Africa can drive economic integration, industrialization, and inclusive growth, ultimately achieving the transformative change to which the continent aspires.
News
Avoid Johannesburg CBD unless travel there is necessary – Ghana’s High Commission in South Africa
Ghana’s High Commission in South Africa has urged Ghanaians to take note of a significant protest currently taking place in the Johannesburg Central Business District (CBD) today, Wednesday, 29 April 2026 by the March and March over unemployment and undocumented foreign nationals.
According to them, this has already led to major traffic disruptions and interruptions to normal business activities in the CBD
Given the nature of the protest, the High Commission noted that there is a heightened risk of tension, particularly toward foreign nationals.
“Please advise all to exercise caution throughout the day. It is advisable to avoid the Johannesburg CBD unless travel there is absolutely necessary. Those who live in Johannesburg are urged to remain indoors or in secure locations and limit unnecessary movement,” It stated.
Additionally, they added that “Members of the community should also be reminded not to engage with protesters under any circumstances, even if approached or provoked, and to prioritize their personal safety at all times. Carrying valid identification and relevant documentation is essential.”
Ghanaians in South Africa have been urged to stay in close communication “with members of our community and check in on individuals who may be particularly vulnerable. Parents and guardians should ensure that children remain in safe environments and avoid travel through affected areas.”
By Edem Mensah-Tsotorme
An aide to former Vice President Mahamudu Bawumia, Dennis Miracles Aboagye, has criticised the government over ongoing power outages, urging authorities to prioritise solutions instead of explanations.
His comments come in response to recent remarks by Energy Minister John Abdulai Jinapor regarding challenges in the power sector.
Speaking on the issue on Channel One TV, Mr. Aboagye questioned the government’s justification that ongoing transformer upgrades and system expansions are responsible for the outages.
He argued that such maintenance work has been carried out in the past without causing widespread disruption.
He said the situation does not make sense, insisting that it is possible to upgrade infrastructure without plunging the entire country into darkness.
According to him, Ghanaians are more concerned about having stable electricity than listening to explanations.
“Your talking means nothing to us. Give us power,” he said.
Mr. Aboagye added that the power situation is affecting lives and livelihoods across the country.
He claimed that businesses are shutting down, people are losing their jobs, and some lives are being put at risk due to the outages.
He pointed to rising costs, noting that consumers are paying more for electricity despite the unstable supply.
The former Vice President’s aide further criticised the government for what he described as a lack of respect for citizens, saying the focus should be on delivering reliable power rather than assigning blame.
By: Jacob Aggrey
