Government commits $10m to set up African Free Trade Secretariat

Government commits $10m to set up African Free Trade Secretariat

- Ghana has been granted the rights to host the Secretariat of the African Continental Free Trade Area

- Due to this government has committed to donate $10m to set up African Free Trade Secretariat

- President Akufo-Addo believes it is a privilege to hist the secretariat in Ghana

Ghana has committed $10 million for the setting up of the Secretariat of the African Continental Free Trade Area (AfCFTA).

This decision comes after Ghana was selected as host country for the Secretariat.

While delivering Ghana’s acceptance speech at the closing session of the AU Summit, President Akufo-Addo disclosed that it was a privilege for Ghana to host the Secretariat, adding that Ghana was ready to donate $10 million dollars to the African Union to support the operationalization of the Secretariat.

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He said an inter-Ministerial Committee has already been set up to work with the AU Commission.

“Ghana is ready to donate US$10 million to the African Union to support the operationalisation of the Secretariat. I have set up an inter-Ministerial Committee of my government to work with the AU Commission towards this end,”

“I am determined to do whatever I can to guarantee the smooth take-off of the Secretariat, and help make sure that it turns out to be a world-class institution, which will become the pride and joy of all Africans.We owe it to generations unborn to ensure that the biggest trading bloc on the globe, whose outcomes will be rewarding to all, and which will assist in attaining the ‘Africa We Want’, does not falter,” he added.

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Meanwhile, information gathered by YEN.com.gh have it that the president has kicked against moves by parliament to use $200m for a new chamber.

According to a report seen by YEN.com.gh on Ghanaweb, the president says he is focused on more top priority projects for the country, hence his rejection of the proposal.

The president is reportedly bent on improving Ghana’s roads, the education and training sector, agriculture, water and housing, rural development, and many more, cited the report.

READ ALSO: Akufo-Addo rejects $200m new parliamentary chamber proposal

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Source: Yen

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