Ghana’s Ambassador to Togo Kofi Mensah Demitia strengthened existing Economic Cooperation between Ghana and Togo in the path of the African Continental Free Trade Area (AfCFTA)
By Abdul Rahman Bangura-
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- That, he said would help solve the economic challenges facing AfCFTA to boost trade and investment in the West African countries.
Ambassador Demitia divulged…at a combined conference orchestrated by the Ghana International Trade and Finance Conference (GITFIC) and the Togolese Ministry of Commerce, Industry and Local Consumption in the capital, Lome.
On the theme: “Enhancing trade between Ghana and Togo; Issues and challenges related to trade and the AfCFTA market,” the seminar strived to sensitize ratified Member States on the AfCFTA and Pan-African Payment and Settlement System (PAPSS).
Demitia let out AfCFTA gave an alternative to boost financial integration of African trade, but, there had been some challenges, one of which he said was the desire to reconcile trade policies amongst African nations.
He told aligning the trade policies between Ghana and Togo had been a challenge due to some permeable practices such as smuggling and fraud at the border.
“The journey of achieving the aim of AfCFTA is a long journey but with cooperation, it can create opportunities and investment for African countries,” he expanded.
The Chief Executive Officer (CEO) of Ghana Highway Authority, Christian Nti, who talked on the topic ‘Bridging borders, boosting trade; the transformative power of road connectivity in AfCFTA’s prosperity’ said infrastructure was very crucial in the enhancement of trade between African nations.
He mumbled for African nations to trade amongst themselves within the ECOWAS, there was the necessity to ensure effective connectivity to guarantee that all the tie-ups at several crossings were eliminated to pave the way for the construction of interchanges and flyovers.
The Togolese Minister of Commerce, Industry, and Local Consumption – Kodjo SevonTepe Adedze, accentuated some of his nation’s assets: peace, security, stability, continual endeavors to enhance the business climate, an attractive legal framework for investors, and the administration’s roadmap with its 42 projects and reforms. He conveyed the administration of Togo’s willingness to cooperate with Ghana for simple facilitation of trade and movement to obtain the full privilege of the AfCFTA.
“Ghana and Togo must continue to maintain good relations through mutual respect and shared cultural and social beliefs to “safeguard the peace and stability of both countries,” he added.
For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent