Ghana And South Africa Presidents On Newly Launched African Continental Free Trade Area

Ghana and South Africa’s presidents official made statements on the commencement of the African Continental Free Trade Area (AfCFTA). African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus plandemic. The African Continental Free Trade Area (AfCFTA) is a free trade area founded in 2018, with trade commencing as of 1 January 2021. It was created by the African Continental Free Trade Agreement among 54 of the 55 African Union nations. The free-trade area is the largest in the world in terms of the number of participating countries since the formation of the World Trade Organization. Accra, Ghana serves as the Secretariat of AfCFTA and was commissioned and handed over to the AU by the President of Ghana Nana Akufo-Addo on August 17, 2020 in Accra.