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South Africa and Ghana have vowed to strengthen their trade and investment ties, with
President Cyril Ramaphosa and his Ghanaian counterpart, Nana Akufo-Addo, agreeing to
accelerate the implementation of 24 existing agreements and memoranda of understanding
between the two countries.
During a South Africa-Ghana Bi-National Commission in Pretoria on Tuesday, Ramaphosa
highlighted the recent signing of a reciprocal visa exemption agreement, which has already
contributed to increased travel and business-to-business links between the two nations.
“In addition to the many areas of cooperation that the BNC covers, it is important that we
explore how best both countries can increase trade and investment among ourselves,”
Ramaphosa stated, assuring Akufo-Addo that South African companies are keen to expand
their investments in Ghana.
Ramaphosa emphasized the potential for collaboration in infrastructure development,
including the building of dry ports, railway networks, airports, and hospital facilities, as well
as opportunities in the pre-chemicals sector.
The two presidents signed new Memoranda of Understanding, further cementing their
commitment to fostering socio-economic development for the mutual benefit of their people.
Ramaphosa revealed that South African development finance institutions are ready to
finance a pipeline of bankable infrastructure projects in Ghana, covering rail networks,
airports, roads, and ports, among others.
Akufo-Addo lauded the agreement to strengthen trade, investment, education, and migration
as a notable achievement, marking a new chapter in the bilateral relations between South
Africa and Ghana.
The strengthened ties between the two countries are expected to contribute to increased
economic growth, job creation, and improved living standards for their citizens, as they
leverage each other’s strengths and explore new avenues for cooperation.