Senior Presidential Advisor to President Nana Addo Dankwa Akufo-Addo, Yaw Osafo-Maafo, noted that among all continents, Africa has the youngest population.
He said it poses a threat to the security of the continent if young people do not get jobs.
He said the African Continental Free Trade Area (AfCFTA) has the potential to be a game-changer by providing jobs for unemployed youth.
Speaking at a meeting that the AfCFTA has had with all regional economic blocs, the former chief minister said: the teeming youth population and poverty reduction, among others.
âOn all continents, Africa has the youngest population and this in itself is a security threat if we do not take measures to provide employment for this population.
“Indeed, AFCFTA has the potential to be a game-changer for the transformation of African economies and post-covid 19 economies if we can harness its many benefits.”
The AfCFTA is a free trade area founded in 2018, with trade starting on January 1, 2021.
It was created by the African Continental Free Trade Agreement between 54 of the 55 countries of the African Union.
The free trade area is the largest in the world in terms of the number of participating countries since the establishment of the World Trade Organization.
Accra, Ghana serves as the secretariat of AfCFTA and was commissioned and delivered to the AU by the President of Ghana Nana Akufo-Addo on August 17, 2020 in Accra.
The general objectives of the agreement are to: create a single market, by deepening the economic integration of the continent;
Establish a liberalized market through multiple rounds of negotiations; facilitate the movement of capital and people, by facilitating investment; move towards the establishment of a future continental customs union; achieve sustainable and inclusive socio-economic development, gender equality and structural transformations within Member States; strengthen the competitiveness of Member States in Africa and on the world market; encourage industrial development through the diversification and development of regional value chains, agricultural development and food security; Resolve issues of multiple and overlapping memberships.