Local and domestic Ghanaian industry players have been advised to think globally to help compete favorably with other African industries to enable them take advantage of the numerous opportunities provided by the African Continental Free Trade Area (AfCFTA) agenda.
The agreement is aimed at promoting the free movement of capital, labour, goods and services within the African Continent and has already been set in motion with ABM EA Ltd as the first Kenyan company to export car batteries to the Ghanaian Market.
Meanwhile, the Association of Ghana Industries has cautioned that domestic businesses in Ghana could lose out on a wider open African market made accessible through the AFCFTA if they failed to take advantage of available trade opportunities.
The President of AGI, Dr. Humphrey Kwesi Ayim-Darke explained that although there exists challenges in the business environment including high inflation levels, hikes in fuel prices; high interest rates and the depreciating Cedi, the AFCFTA presented a prospect for trade promotion.
-Ghana Industries
Story by Kelvin Danso
