Search

This paper aims to analyse the African Continental Free Trade Agreement (AfCFTA) and its potential to unleash the development of women in Africa. The envisaged benefits of the AfCFTA include increased trade diversification, regional integration, enhanced human security, increased foreign direct investment and technological advancement. Despite optimism about the prospects of the agreement as a local innovation spearheaded by the African Union, pessimists raise questions about the extent of stakeholder engagement. The agreement must be gender-responsive to enhance outcomes for women cross-border traders. The paper concludes that the lack of gender sensitivity confirms the need to address the specific needs of African women, especially those involved in informal cross-border trade. Hence, for AfCFTA, the policy focus should be on ensuring the formalisation of women who participate in informal trade, thus helping increase access to markets, information and growth opportunities. [ABSTRACT FROM AUTHOR]

Given the importance of the African Continental Free Trade Agreement (AfCFTA), it is critical to examine its potential success, or failure, particularly in the context of the Regional Economic Communities (RECs). Another important issue is how the AfCFTA would interface with other Free Trade Agreements (FTAs), the customs unions and monetary communities that already exist in Africa. The free trade agreements that subregions and or countries in Africa enter into are a threat to the AfCFTA because all efforts of African countries should be focusing on boosting intra-African trade in order to ensure that the AfCFTA succeeds and it does not seem feasible to readily 'absorb' the RECs into the AfCFTA. Using results from fieldwork, the paper makes a case that the future of RECs should be resolved so there is sufficient clarity regarding the implementation of the AfCFTA as far as the role of RECs is concerned. [ABSTRACT FROM AUTHOR]

Drawing on the experience of Ghana, which the World Bank itself proclaimed as an African success story in the early 1990s, this paper sheds important light on why neoliberal policies have had limited success in Africa and what strategies are likely to be necessary to foster growth and industrialisation in Ghana and elsewhere in Africa. In 2001, a few short years after being proclaimed as an economic miracle, Ghana joined the growing ranks of highly indebted poor countries (HIPC) - an especially humbling development for this once proud nation. Why did Ghana's economy collapse after recovering so well? Ghana's experience highlights both the promise and limitation of neoliberal reforms. [ABSTRACT FROM AUTHOR]