Ghana's productive capacity poor, compared to other AfCFTA countries – Konfidants – Citi Business News
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Ghana's productive capacity poor, compared to other AfCFTA countries – Konfidants – Citi Business News


Summary short_text

Research and advisory firm Konfidants, has revealed in its latest report titled, Ghana's Competitive Potential in the AfCFTA: A Country Competitiveness and Opportunity Assessment, that when it comes to productive capacity in the manufacturing sector, Ghana lags behind many of the top countries signed onto the African Continental Free Trade Agreement.

While the Ghanaian Government is hopeful that local businesses will take full advantage of the agreement to scale their ventures, the report shows that the nation's failure to provide its firms with the needed raw materials as well as its inability to guarantee stable supply of electricity has contributed to giving other leading economies on the continent a competitive advantage over Ghana.

While the opportunities presented by AfCFTA are endless, the report recommends that the government, among other things, works to reduce the nation's dependence on foreign input.


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