SOUTH AFRICA, GHANA SHOULD CONSOLIDATE BILATERAL ECONOMIC TIES, PROMOTE INTRA-AFRICA TRADE

ACCRA — The South African High Commissioner (ambassador) to Ghana, Lulama Xingwana, has called for the two countries to strengthen and consolidate bilateral economic relations and promote intra-Africa trade, reports the African News Agency (ANA).

Xingwana made her remarks here Monday when addressing business people from South Africa and Ghana at a seminar hosted by the South African Department of Trade and Industry (the dti). The seminar was part of the programme of a visiting South African Trade and Investment Mission which arrived here last week. The mission has since proceeded to Nigeria.

The importance of Ghana to South Africa as an anchor partner country within the West African region is affirmed by the continuous presence of South African delegations in the country, as well as the presence of South African companies that have expanded their businesses to Ghana and contributed more than 71 billion Rand (about 5.94 billion US dollars) to date in capital investments, said Xingwana.

The Chief Director of Trade Invest Africa at the dti, Zanele Sanni, stressed that South Africa’s approach towards the rest of Africa is premised on development integration.

In this regard, we continuously encourage South African businesses to seize opportunities that Ghana presents for trade and investment with the view to contributing to increased market integration, infrastructure and industrial development between our countries, said Sanni.

The net effect of any such trade and investment is economic development, job creation and poverty alleviation that fundamentally contributes towards realising and promoting intra-Africa trade and intra-Africa investment.

Source: NAM NEWS NETWORK

   

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