Bilateral Trade Opportunities: Ghana and Peru strengthen investment ties

Bilateral Trade Opportunities: Ghana and Peru strengthen investment ties

Ghana and Peru are taking decisive steps to deepen trade and investment cooperation, with a focus on agribusiness, sustainable mining, and technology transfer. At the Peru-Ghana Trade and Investment Webinar, business leaders, government officials, and policymakers from both countries reaffirmed their commitment to advancing bilateral partnerships.

Peru’s Ambassador to Ghana, Liliana Gómez, emphasized that the partnership presents a win-win opportunity, leveraging Ghana’s role as a gateway to West Africa and Peru’s access to billions of consumers through global free trade agreements.

“Peru and Ghana share values and a long-standing relationship. By joining efforts, our business communities can share knowledge and explore opportunities across key sectors. Ghana opens the door to West Africa, while Peru offers access to vast global markets. The seminar is just the first step to learn from each other and grow together.”

Bilateral Trade Opportunities: Ghana and Peru strengthen investment ties

She further revealed that a memorandum of understanding (MoU) on political consultations has been signed, with the first meeting scheduled to take place in two weeks. The discussions will also cover economic issues, business-to-business collaboration, and joint ventures.

Representing Ghana, Mrs. Nana Krah Ansah-Agyei, Director of the Economic, Trade and Investment Bureau at the Ministry of Foreign Affairs, commended the growing bilateral ties and urged for deeper collaboration in untapped sectors. She highlighted opportunities in agribusiness, mining, fisheries, textiles, pharmaceuticals, automobiles, and SME development, stressing that both nations possess complementary strengths that can be harnessed for mutual benefit.

“Despite our cordial relations, Ghana and Peru are yet to fully explore their trade potential. With the MoU on political consultations, we are ushering in a new era of cooperation. This webinar underscores our commitment to South-South cooperation, encouraging public-private sector partnerships, and strengthening bilateral trade relations. Trade between the two countries has been on the rise. In 2023, bilateral trade volumes reached $27.4 million, with Ghana’s exports to Peru increasing by 33.5% and Peru’s exports to Ghana growing by 33.3%.”

Bilateral Trade Opportunities: Ghana and Peru strengthen investment ties

Mrs. Ansah-Agyei pointed to government initiatives such as the Feed Ghana program and the 24-hour economy policy as strategic frameworks where Peruvian expertise in agribusiness and logistics could play a significant role.

“Both countries pledged to establish regular business fora, joint trade commissions, and B2B matchmaking platforms to ensure sustained collaboration.”

Bilateral Trade Opportunities: Ghana and Peru strengthen investment ties

The Peru-Ghana Trade and Investment Webinar marks a new chapter in bilateral relations, with both countries positioning themselves as partners in driving inclusive and sustainable growth.

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By : XYZScripts.com