UAE WANTS TO BOOST TIES WITH GHANA, SAYS SENIOR OFFICIAL

ACCRA– Abdullah Saleh, the United Arab Emirates (UAE) Undersecretary for Economy, says the UAE is willing to work with Ghana to boost economic ties for the mutual benefit of both countries.

He said Ghana’s flagship policies such as the One District, One Factory (1D1F) was a good one which would bring rapid socio-economic growth to the country, which the UAE would like to be part of it.

The UAE sees Ghana as the gateway to countries in the West Africa sub-region, Saleh added here Tuesday when opening a forum by a UAE trade delegation which is on a visit to Ghana.

The forum, aimed at exploring two-way business opportunities, was organized by the UAE Ministry of Economy in collaboration with the Ghana’s Ministry of Foreign Affairs and Regional Integration (MoFARI), Ministry of Trade and Industry (MoTI) and the Ghana Investment Promotion Centre (GIPC).

Members of the delegation are from the UAE’s logistics, transportation, energy, industry, food processing and port operations sectors.

Saleh said there are many common synergies between the two countries, such as natural resources (petroleum) and tourism.

He recounted that 25 years ago the UAE was depending on oil and gas, which by then constituted 90 per cent of the gross domestic product (GDP). However, with its diversification policy, the UAE economy now had oil and gas forming less than 30 per cent of GDP with the rest of the GDP coming from different sectors.

He said one of the most important sectors which contributed to the UAE’s GDP as a desert country was the tourism sector, which now accounts for 12 per cent of their GDP; adding that similarly Ghana was focusing to be a destination for tourists on the African continent.

On the volume of trade between the two countries, Saleh said they had witnessed rapid increase in trade volumes between the two countries.

Last year we reach 1.2 billion US dollars in bilateral trade, most of this came from mining (mainly gold) but in 2016, the figure was around two billion. So we witnessed a drop in our bilateral trade volume in 2017 and that is why we are here today, he said.

Source: NAM NEWS NETWORK

UAE WANTS TO BOOST TIES WITH GHANA, SAYS SENIOR OFFICIAL

ACCRA– Abdullah Saleh, the United Arab Emirates (UAE) Undersecretary for Economy, says the UAE is willing to work with Ghana to boost economic ties for the mutual benefit of both countries.

He said Ghana’s flagship policies such as the One District, One Factory (1D1F) was a good one which would bring rapid socio-economic growth to the country, which the UAE would like to be part of it.

The UAE sees Ghana as the gateway to countries in the West Africa sub-region, Saleh added here Tuesday when opening a forum by a UAE trade delegation which is on a visit to Ghana.

The forum, aimed at exploring two-way business opportunities, was organized by the UAE Ministry of Economy in collaboration with the Ghana’s Ministry of Foreign Affairs and Regional Integration (MoFARI), Ministry of Trade and Industry (MoTI) and the Ghana Investment Promotion Centre (GIPC).

Members of the delegation are from the UAE’s logistics, transportation, energy, industry, food processing and port operations sectors.

Saleh said there are many common synergies between the two countries, such as natural resources (petroleum) and tourism.

He recounted that 25 years ago the UAE was depending on oil and gas, which by then constituted 90 per cent of the gross domestic product (GDP). However, with its diversification policy, the UAE economy now had oil and gas forming less than 30 per cent of GDP with the rest of the GDP coming from different sectors.

He said one of the most important sectors which contributed to the UAE’s GDP as a desert country was the tourism sector, which now accounts for 12 per cent of their GDP; adding that similarly Ghana was focusing to be a destination for tourists on the African continent.

On the volume of trade between the two countries, Saleh said they had witnessed rapid increase in trade volumes between the two countries.

Last year we reach 1.2 billion US dollars in bilateral trade, most of this came from mining (mainly gold) but in 2016, the figure was around two billion. So we witnessed a drop in our bilateral trade volume in 2017 and that is why we are here today, he said.

Source: NAM NEWS NETWORK