Ghanaian businesses have been urged to position themselves to take advantage of the vast opportunities offered by the African Continental Free Trade Area (AfCFTA), which provides access to a market of more than 1.4 billion people across the continent.
Benjamin Asiam, the Acting Head of the National Coordination Office at the Ministry of Trade, Agribusiness and Industry, said the agreement presents a unique opportunity for businesses to expand beyond national borders and access one of the world’s largest free trade markets.
Speaking during a discussion on the theme, “Unlocking Africa’s Single Market: How Can Ghanaian Businesses Win Under AfCFTA?” on Thursday, June 11, 2026, he said African countries stand to benefit significantly by increasing trade among themselves.
“We have a population of over 1.4 billion people and also a GDP of more than $3 trillion. And so if we trade with each other, we see Africa as one market, we trade with each other, we’ll benefit, the wealth of Africa will stay in Africa, and Africa will be better for it,” Mr Asiam said.
He noted that AfCFTA, which brings together 54 African countries, allows member states to grant preferential trading terms to one another, creating a more competitive environment for intra-African trade.
According to him, the agreement is particularly important given Africa’s long-standing reliance on exporting raw materials to markets outside the continent.
