Ghana is on the verge of hosting the Secretariat of the African Continental Free Trade Area (AfCFTA).
When this is achieved, the Secretariat, when fully staffed, will house a staff of between 500 and 1000, many of which will be Ghanaians.
It will also generate an endless number of international trade negotiation meetings and events.
Also, Ghana's clout in African trade policy will increase, as she becomes the destination of major continental trade-related events and meetings.
The main objectives of the AfCFTA are to create a single continental market for goods and services, with free movement of business persons and investments, and thus pave the way for accelerating the establishment of a continental customs union. It will also expand intra-African trade through better harmonization and coordination of trade liberalization and facilitation and instruments across the RECs and across Africa in general.
So far, the Executive Council of the African Union just endorsed Ghana's bid to host the African CFTA Secretariat and recommended the decision to the Heads of State and Governments for approval.
Earlier, in the final communiqué of the 55th Ordinary Session of the Authority of ECOWAS Heads of State and government, ECOWAS endorsed Ghana’s bid to host the Secretariat of the (AfCFTA).
The Heads of State and governments of Africa will meet on Sunday, 7th July in Niamey for Ghana’s approval and International Trade watchers are crossing fingers with the hope to see Ghana win the bid to host the (AfCFTA) Secretariat.
So far, Ghana is in the race with six member states including Egypt, Eswatini, Ethiopia, Kenya, Madagascar and Senegal who have also submitted bids to host the secretariat.