AMemorandum of Understanding (MoU) has been signed by Wamkele Mene, Secretary General of the Africa Continental Free Commerce Agreement (AfCFTA) Secretariat, and Daniel McKoley, Chief Executive Officer of the McDan Group, to establish a collaboration to promote trade among African nations.

On Friday, October 7, 2022, at the McDan Private Jet Terminal in Accra, the agreement was signed. It was signed on the occasion of the 2nd anniversary of the AfCFTA Agreement and the introduction of the AfCFTA Guided Trade Initiative.

McDan Shipping will now have the ability to load and ship products between AfCFTA members. Following this agreement, McDan Aviation bought seagoing commerce ships and cargo planes to serve the AfCFTA.

Minister of Trade and Industry, Alan Kyerementeng, hailed Daniel McKorley’s efforts and said that his plan will significantly contribute to the success of the AfCFTA.

In order to commemorate the McDan Group, he urged Africans to do so and urged other African businessmen to do the same.

The minister also mentioned that the event signifies that AfCFTA is not only on paper but in action.

He continued by saying that the initiative’s introduction also represents the governments of Africa’s commitment to helping the private sector flourish. Meanwhile, the Deputy Minister of Trade and Industry, Herbert Krapa, has announced that Ghana will soon commence free importation and exportation of goods and services with some seven African countries.

Cameroon, Egypt, Kenya, Mauritius, Rwanda, Tanzania and Tunisia will be trading with Ghana under the African Continental Free Trade Area (AfCFTA) agreement, Mr Krapa noted.

The continental free trade expected to operate within the framework of the African Union Agenda 2063 will provide new export opportunities for African countries to trade with one another without tariffs or other hindrances, with the aim of ensuring sustainable economic growth on the continent.

Source: The Independent Ghana