Ghana a ‘strategic trade partner’ for SA

Ghana remains a strategic trade partner for South Africa in West Africa and the expansion of trade among  African nations holds the key to faster growth and development in the continent, said the deputy minister of trade and industry, Mzwandile Masina .

Speaking during the trade and investment seminar that took place in Accra, Ghana earlier this week, Masina said: “We need to build industrial and manufacturing capacity in each other’s economies. Furthermore, the importance of sound investment in infrastructure development in terms of roads, rail, ports, telecommunications and the removal of regulatory barriers that have a negative impact on movements of goods and services, cannot be over-emphasised,” he said.

The Ghanaian deputy minister of trade and industry, Kweku Hagan, said the infrastructure required to drive Ghana’s economy into a “full scale national development trajectory” was massive. This, he said, presents a huge opportunity for foreign direct investments into that sector, especially from South Africa.

Hagan urged South African businesspeople to look into a partnership arrangement for the development of the Accra Plains irrigation project and the infrastructure development projects such as free economic zones as they present edvery useful settings and incentives for investors.