Ghana, SA deepen bilateral trade ties

Mzwandile & Kweku HagaBy GIFT NDOLWANE
JOHANNESBURG, (CAJ News) – SOUTH Africa and Ghana have agreed to strengthen the bilateral relations and address non-tariff barriers and bottlenecks in order to increase trade and investment between the two countries.

This follows a bilateral meeting that was held in Ghana by the Deputy Minister of Trade and Industry, Mzwandile Masina, and his Ghanaian counterpart, Kweku Haga.

Masina said the review and implementation of the Memorandum of Understanding (MoU) on Economic and Technical Cooperation would give both countries an opportunity to reflect and align the MoU to the countries’ industrial development policies to expedite the beneficiation of raw materials.

“Both sides agreed that the task teams consisting of technical officials needs to be established to oversee the implement and review some of key aspect that have been identified,” said Masina.

Kweku welcomed the discussion and expressed eagerness on behalf of the government of Ghana to work towards strengthening trade and investment relations with South Africa.

Meanwhile, Masina also held bilateral meetings with the Minister of Foreign Affairs, Hanna Tetteh, and Minister of Transport, Dzifa Attivor.

The meetings focused on the need to continue to advance regional integration and intra-Africa trade. Bilateral trade between South Africa and Ghana has experienced an upward trend between 2010-2014, growing from R2,6 billion to R10,8 billion.

Masina arrived in Ghana the beginning of the week when he led a business delegation on an Outward Selling and Investment Mission (OSIM).

The team was scheduled to tour Nigeria before the end of the week.

CAJ News

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Posted by on Aug 20 2015. Filed under Africa & World, Featured, Finance, Finance & Banking, Investing. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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