East African Community (EAC) member countries have been asked to invest heavily in research development if they are to benefit from the African Continental Free Trade Area (AfCFTA).
The call was made by Dr John Mawutor, from the University of Professional studies, while Speaking at this year’s edition of the Ghana International Trade and Finance Conference (GITFIC) dedicated to the African Continental Free Trade Area held in Accra, Ghana.
He said innovation is key for the effective implementation of the continental free trade area agreement and the academia has the responsibility to produce innovators.
“If you are going to open up your market, you have to improve production capacity in terms of human capital, goods and services”, said Dr. Mawutor.
The AfCFTA dialogue held in collaboration with the Association of Ghana Industries (AGI) was meant to raise awareness, empower and encourage all member states to take actions necessary to build the logistics and the infrastructure critical for the successful outcome of the Free Trade.
The 4th GITFIC event that was earlier scheduled for April 9-10, 2020 was postponed due to Covid-19.
It ran under the theme: “Optimizing AfCFTA for Africans: The Role of Logistics Infrastructure.”
Speaking to KFM earlier, Mr Selasi Koffi Ackom, Chief Executive Officer of GITFIC said the dialogue sought to discuss the details of preparations being made by African Union Members States in building up the necessary logistics and infrastructure identified as the main challenge in implementing the Protocols of the AfCFTA.
Speakers were drawn from diverse technical fields from several countries including Nigeria, Gambia, Sudan, Morocco, Sierra Leone, and Liberia.