The volume of trade between Ghana and South Africa is increasing day by day. It was recorded as R2.6 billion to R10.8 billion from 2010 to 2014.
According to Madam Lulama Xingwana the South African High Commissioner to Ghana, the exports of South Africa to Ghana has grown by 22 percent in 2014, in such situation the South Africa is pushing forward Ghana to top export market for South Africa.
Meanwhile, she said that now Ghana is sixth importer partner of South Africa.
During the inauguration of south Africa- Ghana investment and trade seminar, Madam Xingwana said that it will develop the economy and create healthy economic relationship.
The seminar was organized by collaboration with Ghana Trade and Investment Promotions Center (GIPC) and Ministry of Trade and Industry of the Republic of South Africa. The purpose of that seminar was to create awareness about business environment for both countries and make them able to work in a good manner.
Madam Xingwana has revealed that the South African businesses in Ghana such as Foschini Group, FNB, and Bign Africa were indication of the growth of trade relationship between both countries.
Mr Kweku Ricketts Hagan, the Deputy Minister of Trade and Industry told about investment opportunities in Ghana by saying that it had competitive advantage in agriculture business.
He said that though there were some issues with best practice and quality standard, the gap of investment in the sector is due to lack of processing equipment and machinery for value addition and technology for development from commodities such as cassava and yam.
He said that Ghana’s construction industry was a promising one as many young talents were present In the country and they would assist the foreign companies to introduce new projects in Ghana.
According to Mr Mzwandile Masina Deputy Minister of Trade and Industry of South Africa the main purpose of the seminar was to provide ideal opportunities to the South African companies to export in Ghana and Nigeria.
Further he told the sectors which were targeted during the seminar, those sectors were human resource development, agriculture and Agro-processing, energy and mining, furniture and wood processing and infrastructure.
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