Her Excellency Martine Moreau, the Canadian High Commissioner to Ghana, has emphasized the size of recent trade between Canada and Africa, which has surpassed $15 billion.

She claims that more than 100 Canadian businesses are engaged in mining operations in Africa.

Even while investments have expanded gradually at a rate of 12.5% annually over the last four years, she claimed that this illustrates the strength of trade links between the continent and Canada.

“Last year total trading merchandise between Canada and Africa surpassed 15 billion dollars representing a 56 percent increase over pre-pandemic figures. Canadian investments have over the last four years been increasing at an annual rate of 12.5 percent. More than 100 Canadian-owned companies conduct mining operations in Africa,” she was quoted by citinewsroom.com.

According to H.E. Moreau, if the African Continental Free Trade Area's existing framework is used effectively, trade and investment volumes might be increased as soon as possible.

“While we continue to benefit from exiting opportunities, we also recognize the tremendous economic potential to be realized through the implementation of the Africa Continental Free Trade Agreement,” she opined.

In light of this, she expressed her unwavering support for the idea while pointing out that the AfCFTA will also benefit other countries outside of Africa by opening up new prospects for commerce.

“We strongly support this agreement as it will establish a continent-wide rule-based and investment regime that will afford significant opportunities not only for African nations themselves but also for external trading partners including Canada,” she noted.