• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, June 4, 2026
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result
in Vaultz Business

Economic and Political Setbacks Could Impact Optimal Implementation of AfCFTA- Prof. Abotsi

Maynard Championby Maynard Champion
June 9, 2022
Reading Time: 3 mins read
Economic and Political Setbacks Could Impact Optimal Implementation of AfCFTA- Prof. Abotsi

Professor Ernest Abotsi, Dean, UPSA

Professor Ernest Abotsi, Dean, University of Professional Studies Accra (UPSA) Law School, has noted that political and economic instability of member states could impact the optimal implementation of the African Continental Free Trade Area (AfCFTA).

According to the Dean, restrictions on human movement and goods, corruption, lack of infrastructure, Bilateral Investment Treaties (BIT) and Bilateral Trade Agreements (BTAs), are the notable setbacks that could lead to the failure of AfCFTA.

“A critical issue to be tackled without further delay for the future success of the regime is the need for the removal of all barriers impeding free movement of goods, services, and persons.

“What I’m calling for here is the free movement of persons across African borders through the institution of visa-free travels.” 

Professor Ernest Abotsi

The AfCFTA, when fully implemented, Prof. Abotsi noted would connect about 1.3 billion people across 54 African countries through a single market for goods and services, making it the world’s largest free trade area. 

“The political and economic challenges could be a major drawback to the full realisation of the benefits of the free trade agreement, expected to create inclusive and sustainable development in Africa.”

Professor Ernest Abotsi

Prof Abotsi, meanwhile, called for a change in trade policies of African countries to help drive development.

ADVERTISEMENT

“Having undergone a process of cross-continental decolonisation for over 50 years, African countries have a business maintaining and enforcing colonial boundaries erected to preserve the interests of colonial powers of European imperialism.” 

Professor Ernest Abotsi

Corruption Remains Major Obstacle for Africa

On corruption, the Dean stated that the occurrence remained a major obstacle, noting that with the inception of the COVID-19 pandemic, an opportunity had been created for corrupt officials to advance their goals. 

Prof. Abotsi indicated that where traders were asked to make illicit payments or be excluded, it could lead to an excessive cost of doing business– a disincentive for business commencement and sustainability across the continent. 

The Dean, therefore, urged the African Union (AU) and the AfCFTA Secretariat to institute measures that would facilitate trade by enabling easier exchange between member countries and businesses. 

The Law Lecturer also called for a structural change in the African economy from predominantly producers of primary commodities to value addition that would create excellent products and services. 

“Building or intensifying an integrated market would also require that we install supporting systemic infrastructure including roads, telecommunication networks, intra-regional air traffic, customs and border processing systems across the country.”

Professor Ernest Abotsi

Prof Abotsi stated that while the AfCFTA Secretariat could not legally stop member states from adopting other agreements that were not compatible with the pact, it could adopt a policy to guide BIT and BTAs. 

“A core challenge that could potentially undermine the optimal enforcement of the AfCFTA regime is the issue of remedies for breaches of the rights of a member or members by a member to the AfCFTA.”

Professor Ernest Abotsi

Prof Abotsi made this known when speaking at a public lecture in Accra. The forum, organised by the Ghana Academy of Arts and Sciences was on the topic: “African Continental Free Trade Area: challenges and prospects.” 

READ ALSO: GCB Bank PLC Doubles Final Dividend to Shareholders

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Tags: AfCFTAAfrican EconomiesCorruption
Share1Tweet1ShareSendSend
Please login to join discussion
Previous Post

Dancehall Giant Sonni Balli Reported Dead

Next Post

Blood Found in Suspect’s Boat as Police Probe Amazon Disappearances

Related Posts

Director-General of the GSA, Prof. George Agyei, with Hon. Alexander Roosevelt Hottordze, Chairman of the Parliamentary Select Committee on Trade, Industry and Tourism, and Team
Vaultz Business

Parliament Anchors 24-Hour Economy Strategies to Quality Standards During GSA Audit

June 3, 2026
Hon. Sampson Ahi, Deputy Minister for Trade, Agribusiness and Industry, at the U.S.-Ghana Chamber of Commerce Trade and Investment Mission
Vaultz Business

Ghana Advances Transatlantic Commercial Alliance at Accra Industrial Summit

June 2, 2026
Hon. Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness, and Industry
Vaultz Business

Trade Minister Details Blueprint to Lower Market Entry Barriers at London Summit

June 1, 2026
Mr. Simon Madjie, GIPC CEO
Vaultz Business

Ghana Reconstructs Investment Code for British Capital at UK Summit

June 1, 2026

Sign Up to Our Newsletter

Fresh updates, Straight to your inbox

Recent News

Ecobank Approves $40m Dividend After Three-Year Pause

Ecobank Approves $40m Dividend After Three-Year Pause

June 4, 2026
Rodrigo claps in appreciation of the support from the Etihad crowd

Riquelme Reiterates Determination to Bring Rodri to Real Madrid When Elected Club President

June 4, 2026
Accra Central Fire

GNFS: Fire Engines Arrived Fully Loaded With Water

June 4, 2026
"The Harvest Season",  Ibrahim Mahama

Ibrahim Mahama Cultivates Collective Futures in Paris Harvest Season Exhibition

June 4, 2026
Sudan Medical Supplies 2026 06 04T123025.680

Somali Security Forces, Opposition-Aligned Militias Trade Fire as Protests Loom

June 4, 2026
Next Post
A handout photo released by the Federal Police in Manaus, Brazil, showing forensics experts carrying out examinations of a boat after the disappearance of British Journalist Dom Philipps and Brazilian Indigenous expert Bruno Pereira. © via AFP

Blood Found in Suspect’s Boat as Police Probe Amazon Disappearances

The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address