SOUTH AFRICAN TRADE AND INVESTMENT MISSION TO GHANA DEEPENS BILATERAL TIES, SAYS AMBASSADOR

ACCRA, The South African trade and investment mission to Ghana this week will deepen and consolidate relations between the two countries, says the South African High Commissioner (ambassador) to Ghana, Lulama Xingwana.

Addressing an investment seminar attended by South African business representatives and their Ghanaian counterparts in Accra Tuesday, Xingwana said the two countries’ historic relations demonstrated a collective resolve to change under-development and set the countries on a path to economic partnership based on solid bilateral trade.

A 20-member delegation of South African company representatives arrived here Monday on a trade and investment mission to Ghana organized by the Department of Trade and Industry.

Xingwana said the trade and investment mission was not only an affirmation of the warm and strong bond between the two nations, but equally a demonstration of an evolving economic partnership between the two countries.

“The importance of Ghana to South Africa as an anchor partner country within the West Africa region being recognized and affirmed by the continuous presence of South African delegations in the country,” she added.

“We also salute the pioneering South African companies that have expanded their businesses to Ghana and contributed more than 170 million US dollars in capital investment. These include Stanbic, Group Five, MTN, Multichoice, Shoprite, Game, Edcon, Trellidor, Bigen Africa, WBHO, Mr Price, Old Mutual and Broll, to name just a few,” said Xingwana.

She said South Africa sees the rest of Africa as an important development partner. In this regard, she said South Africa continuously encouraged South African businesses to seize opportunities which Ghana offered for trade and investment.

“The active economic role that the two countries play in their respective regions contributes to the collective lifting of economies of the immediate neighbours, thereby consolidating the agenda of regional integration,” said Xingwana.

Sectors targeted for the mission are agro-processing; electro-technical; infrastructure, mining and capital equipment. The programme for the mission will also include site visits and business-to-business meetings.

Source: NAM NEWS NETWORK

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