Ghana becomes Pioneer in New Era of Unlocking Africa’s Billions in Trade Finance
By: Franklin ASARE-DONKOH Ghana has permanently etched its name into the annals of global trade history by becoming the first nation to sign the United Nations Convention on Negotiable Cargo Documents, officially christened the Accra Convention. The historic signing ceremony took place on Monday, October 26, 2026, in Ghana’s capital, coinciding with the landmark 60th […]
Ghana has made history by becoming the first country to sign the United Nations Convention on Negotiable Cargo Documents, known as the Accra Convention. Signed on October 26, 2026, in the nation's capital, the groundbreaking treaty aims to revolutionize international shipping and trade finance by creating a unified legal system for negotiable cargo documents.
This framework, which applies to all modes of transportation—including road, rail, air, and sea—will provide electronic cargo documents with the same legal standing as traditional paper records. This digital transformation is poised to address Africa's vast trade finance gap of US$74 billion to US$92 billion. Ghana's Minister of Trade, Agribusiness, and Industry, Mrs. Elizabeth Ofosu-Adjare, proudly announced that the country would lead the way in depositing its ratification documents, further emphasizing Ghana's commitment to pioneering international trade regulations.
Written by urgent.news from GBC Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
