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Ghana, Canada to increase trade relations through SME investmentWednesday, May 25, 2016 > 09:43:27
(Citi FM Online)
Canada’s High Commission in Ghana has disclosed of plans to increase trade volumes between Ghana and Canada which currently hovers around 180 million Canadian dollars.
The Trade Commissioner at Canada’s High Commission in Ghana, Peter Fiamor, also explains that the collaboration will largely involve Small and Medium Enterprises (SMEs) in Ghana. “Currently the two way trade between the two countries stands at 181.7 million Canadian dollars but when you break it down you realize that Canada is exporting more into Ghana than Ghana exporting to Canada.”
He added, “There is the opportunity to do more as there are institutions in Canada that can help Ghanaian businesses to build capacity and partner especially for SME’s into the manufacturing sector. We believe that trade is one way to deepen the two countries’ relationship.” Peter Fiamor who was speaking to Citi Business News on the sidelines of a pre-departure briefing for Ghana’s trade mission to Canada, further urged Ghanaian officials on the need for stronger collaboration and spur economic growth in both countries. The trade mission would among other things explore business opportunities for the mutual benefits of the two countries under the auspices of the World Trade Centre, Accra.
The Executive Chairman of the World Trade Centre (WTC) Accra Togbe Afede the fourteenth, would lead officials of 12 Ghanaian companies on a trade and investment mission to Canada to explore business opportunities for the mutual benefits of the two countries from May 25th -27th 2016. Participating companies include the National Investment Bank, Strategic Energies, SAS Finance Group, and Ideal Finance group, among others. Addressing the pre-departure briefing, the Managing Director of the WTC Accra, Emmanuel Doni-Kwame indicated that the mission’s aim is to introduce Ghanaians to global firms and prospective partners in the areas of construction and infrastructure, finance and investment.
The Ghanaian officials would participate in breakout business sessions, hear from experts and hold one-on-one meetings to introduce Ghana and prospective businesses to the more than 700 business leaders from Canada and others from 30 different countries.