Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-04-04 10:03:00
Businesses in Ghana and Kenya are being encouraged to take advantage of the investment opportunities presented under the African Continental Free Trade Area (AfCFTA) to enhance economic trade between the two countries. The recent Ghana-Kenya business forum highlighted the potential for collaboration in various sectors such as agriculture, manufacturing, tourism, Information Communication Technology (ICT), telecom, banking, insurance, and energy.
The establishment of a Ghana Trade House in Kenya and the AfCFTA framework provide significant prospects for both nations to strengthen their economic ties. Speakers at the forum, including Deputy Minister of Foreign Affairs and Regional Integration, Kwaku Ampratwum-Sarpong, and Principal Secretary of the State Department for Investment Promotion of Kenya, Abubakar Hassan Abubakar, emphasized the need for closer collaboration and partnerships in key sectors.
The forum, held in Accra as part of Kenyan President William Ruto’s state visit to Ghana, focused on driving investments and enhancing intra-African trade, building on the bilateral exposition that took place in Kenya last year under the AfCFTA framework. The discussions centered around leveraging Ghana’s mineral and marine resources, as well as exploring opportunities in green energy and technological advancements.
Mr. Ampratwum-Sarpong highlighted the strategic importance of sectors like agriculture and green energy in Ghana’s economic development, calling for partnerships and collaborations to drive mutual growth. He stressed the significance of economic diplomacy in fostering international relations and mutual development, pointing out Ghana’s commitment to sharing its experiences and expertise with Kenya.
Mr. Abubakar highlighted Kenya’s readiness for business and collaboration, pointing out the country’s policies to boost production and investment in sectors like agriculture and construction. He urged Ghanaian businesses to explore the opportunities in Kenya’s diverse sectors and value chains.
Despite the potential presented by AfCFTA, speakers like Mr. Oquaye and Dr. Thakar emphasized the need to address issues like free movement of goods, common currency, and political unity to maximize the benefits of the agreement. They highlighted the vast resources available in both countries and the positive outcomes that stronger collaboration could yield.
Overall, the Ghana-Kenya business forum showcased the shared commitment of both countries to strengthen economic ties and explore opportunities for collaboration in various sectors. Through leveraging the AfCFTA and other frameworks, businesses in Ghana and Kenya have the chance to boost trade, drive investments, and foster mutual growth and development.
Read the original article on Ghanaian Times
