Sustain AfCFTA, Fast Track Special Economic Zones Bill To Enhance Export & Job Creation
APN GROUP, the largest and Premier International NGO Network on Trade and AfCFTA Advocacy has Congratulated H.E John Dramani Mahama, the President of the Republic of Ghana for sustaining the implementation of the AfCFTA, and fast-track the Special Economic Zones Bill already in parliament.
The immediate past Government laid some pragmatic implementation pathways, that led to the launching of Ghana’s AfCFTA Policy Strategy.
A sustained AfCFTA Trading offers over 90% liberalized and dismantled Tariff regime which has the potential of developing, Value Chains value Additions, and Export drives.
The World Bank has estimated the AfCFTA Services to contribute 50% to GDP which when sustained can create job opportunities.
Ghana remains an Agrarian Economy and over 50 % of the AfCFTA Rules of Origin point to Agribusiness potentials which are needed to link Processing, Manufacturing, and industrialization.
The Rapid Growth of the Circular Economy in Ghana will thrive more when the Special Economic Zones Bill is fastracked into Law as Implemented in South Africa, Morocco, Kenya, and more.
Ghana currently implements Free zones. Special Economic Zones offer larger economies of Scale, Export Development, and Job Creation.
Women & Youth, Digital Commerce, and Fintech have accounted for the major compacts driving AfCFTA Trading and need urgent sustainability.
The Afcfta Guided Trade Initiative (GTI) should be enhanced to open Market accessibilities among comparatively advantaged state parties.
Ghana can review its AfCFTA National Strategic implementation policy to enhance its collective approach and development.
The 1district 1 factory and the 24-hour economy would be catalytic enablers in sustaining AfCFTA & creating jobs.
