COVID-19 and the...
secretariat was being appointed. A payment system for agriculture was delayed on account of travel restrictions but would probably be completed by September. Oramah indicated some success in the pooling of medical supplies to tackle COVID-19 and noted ongoing work on the creation of a repository platform for due diligence.
It had been a struggle to develop regional supply chains in the absence of standardized tariffs and standards. The paucity of good trade information had been another constraint. Ghanaian business had a poor feel for what Egypt, for example, produced. This can be easily solved in our view. We are talking about the work of a chamber of commerce, a trade association or the trade unit of a well-funded embassy.
Afreximbank will be a central player in the AfCFTA, we understand, by running the clearing house for intra-African payments. It was also to part-fund a loan scheme to compensate members for the loss of customs revenue on tariff harmonization. Mr Mminele called for policymakers to inject urgency into the area’s current negotiations on several fronts, and suggested that, given the development of greater general expertise in these COVID-19 months, the protocol covering e-commerce became a priority.