Trading under the Africa Continental Free Trade Agreement (AfCFTA) started January 1, 2021 with many African countries looking to take advantage of the benefits inherent within this landmark trade bloc.
Ghana’s geographic position allows it to play a role of an entry port for a number of landlocked countries up north.
Over the years, Ghana’s ports have served the needs of these Sahelian countries and with the implementation of the AfCFTA, there is the need for the country to explore how it can continue to maintain that relevance.
According to Ziad Hamoui, National President of Borderless Alliance, the country’s strong value proposition as the gateway to the Sahel region must be complemented with a review of its port fees and charges and the elimination of non-tariff barriers to trade to woo more transit trade through the country’s ports.
The President of the Borderless Alliance stated that the challenges with the many checkpoints along the country’s main road corridor must be tackled if the country wants to be seen as a strategic corridor that is ready to serve the interest of its landlocked neighbours.
He added: “Ghana has the potential, the will and the ability to play a much larger role, as an economic leader in the sub-region and it was not a coincidence that it is hosting the AfCFTA Secretariat, but now, all hands must be on deck, to help turn Ghana into the preferred transit corridor for the sub-region.”
Just like Mr. Hamoui, this paper shares the view that Ghana remains a solid economic partner and can become a true economic gateway for trade across West Africa sub-region and AfCFTA can accelerate this development trend, to the benefit of Ghana and all its partners.
Given the numerous benefits that could be accrued from a rethink of the transit trade strategy, all hands must be on deck to help turn Ghana into the preferred transit corridor for the sub-region.