Exciting new investment and trade opportunities with Ghana
Exciting new investment and trade opportunities with Ghana
By Colin Windell
Speaking during the South Africa-Ghana Business Forum recently, the Deputy Director-General of Trade and Investment South Africa and Trade Invest Africa (TIA), Ms Lerato Mataboge said: “South Africa is keen on balancing two-way trade with Ghana and key to achieving this, would be the identification of new investment and trade opportunities between our respective countries.”
Mataboge said it was imperative for South African businesses to invest in Ghana in order to support economic diversification and create value-chains, as well as for the improved presence of Ghanaian goods and services in the South African market.
“This gathering offers our respective business people the opportunity to renew the economic relationship and strengthen economic ties. We are here to deliberate on how we can collectively address our two countries’ challenges to economic growth by beneficiating our resource endowments, accelerating infrastructure development, creating value chains and deepening regional integration,” she said.
Opportunities in aviation, tourism and construction, liquefied natural gas, warehousing as well as agro-processing and other agricultural production in Ghana have been identified for collaboration going forward.
“We are ready to work with Ghana to contribute to the realisation of some of their infrastructure and manufacturing project deliverables that are listed in their investment projects priority list,” she added.
“Ghana has a target of USD 2,8-billion this year alone, South Africa has a target of USD 100-billion over the next five years. There remains a lot of room for growth in terms of engagements between the private sectors of our two countries and in fostering more public – private partnerships.
Our discussions should result in a clear way forward in terms of short to medium term goals for forging a stronger bilateral trade and investment relationships. This is the plan that our two Heads of State will expect from us,” she said.