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S African firms explore trade, investment in Ghana

S African firms explore trade, investment in Ghana

Twenty-seven South African firms are exploring trade and investment opportunities in Ghana from March 24 to 30 as part of an outward trade and investment mission of the trade and industry department. The mission, under the Export Marketing and Investment Assistance Scheme, comprises participation in a seminar, business meetings and site visits.

 

This investment-led trade approach is aligned with the Integrated National Export Strategy (INES), which aims to increase South Africa’s capacity for exporting diversified and value-added goods and services to various global markets, said trade and industry minister Rob Davies.

 

The mission to Ghana will contribute significantly in strengthening trade relations between the two countries, a ministry press release quoted Davies as saying.

 

Trade between South Africa and Ghana increased considerably from around R4 billion in 2014 to R13 billion in 2018. South Africa exported R4.4 billion worth of goods to Ghana in 2018 while imports were valued at R8.7 billion, thus registering a trade deficit of R4.3 billion with Ghana in 2019.

 

Over 180 projects by South African companies have been recorded between January 2006 and 2017 with an investment value of over $770 billion.

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