As Africa emerges as a global economic powerhouse, local businesses are being urged to explore potential ventures in Ghana. This call was made jointly by Reginald Yofi Grant, CEO of Ghana Investment Promotion Centre (GIPC), and Robert Le Hunte, Executive Director for Caribbean at the Inter-American Development Bank. Grant emphasized the vast customer base in Ghana and West Africa, with over 300 million potential consumers. Le Hunte highlighted the advantageous manufacturing sector, benefiting from Ghana’s lower energy costs compared to neighboring countries.
Le Hunte encouraged Trinidadian businesses to tap into Ghana’s consumer market, which is rich in raw materials such as bananas, pineapple, and cashews, while Trinidad’s expertise lies in packaging. Both Grant and Le Hunte emphasized the cultural and economic affinity between the two countries, suggesting a prosperous collaboration. To solidify this opportunity, discussions were held with the Ministry of Trade, the Chamber of Commerce, and other key stakeholders, aiming to establish a bilateral investment treaty and future trade missions.
This renewed focus on trade relationships follows the visit of Ashanti King Otumfuo Osei Tutu II to Trinidad and Tobago. The collaborative efforts between the two nations aim to harness their complementary strengths for mutual growth. While historical delays have hindered progress in the past, this new venture relies on private sector initiative for swift and effective action. Direct flights, essential for seamless connectivity, are also being explored to enhance trade relations between the two nations.
Source : GIPC