One of the critical interventions towards ensuring that the continent has functional financial and monetary institutions has been fast-tracking the implementation of the Africa Continental Free Trade Area (AfCFTA). The overall performance of African Member States on advancing the AfCTA stands at 92% of the target set for 2019. To date, 54 countries have signed and 29 have ratified the AfCFTA. Furthermore, the 12th AU Extraordinary Summit held in Niamey, Niger in July 2019 approved the establishment of the AfCFTA secretariat in Accra, Ghana. In addition, 22 signatures of legal instruments of the African Investment Bank have been registered, while 12 have registered for the African Monitory Fund.