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Ms. Catherine Abelema Afeku (3rd from left), Mr. Carlos Kingsley Ahenkorah (2nd from left), Mr. Hatem Ferjeni (4th from left) and Mr. Mark Badu-Aboagye from the Business Forum
Business stakeholders have called on Tunisian investors to take advantage of Ghana's stable socio-economic and competitive environment by involving their Ghanaian counterparts in the creation of multinational corporations that can benefit the more than 1.2 billion African consumers.
At an economic forum organized in Accra on Tuesday, January 15, government officials, manufacturers, exporters, importers and traders asked their Tunisian counterparts to join them in taking advantage of the many programs put in place by the government to industrialize the country.
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The forum, organized by the Tunisia-Africa Business Council and the Ghana Chamber of Commerce and Industry (GNCCI), aimed to strengthen bilateral trade and investment relations between Ghana and Tunisia.
Untapped tourist sector
Ms. Catherine Abelema Afeku, Ministry of Tourism, Arts and Culture, said that Ghana, as the center of the world, offered many untapped business opportunities, especially in the tourism industry, which, though it was well exploited, could yield a lot.
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For example, she said that there was a huge market for housing in the country's tourism hospitality industry, where many first-clbad hotels were in high demand .
"Ghana stands out as a beacon for secure investment in sub-Saharan Africa because of its strong growth forecast for gross domestic product (GDP) and its conducive business environment," she said.
Basic product to industrialization
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Deputy Minister of Trade and Industry Carlos Kingsley Ahenkorah presented a number of programs launched by the government to turn the economy into a commodity-based industry.
"We have a very ambitious transformation agenda in place for the country, and I think some areas might be of interest to you," he said.
He highlighted some of the many opportunities that Tunisian investors could explore in the government's ten-point transformation agenda.
Ghana-Tunisia relationship
GNCCI Chief Executive Mark Badu-Aboagye said the country has enjoyed good relations with Tunisia for 60 years, which has been beneficial for the achievement of national development strategies and sustainable economic growth. .
"Today's meeting is essential for strengthening bilateral trade and economic relations between the two countries," he said.
According to him, Ghana was an ideal destination for doing business. Currently, it is one of the fastest emerging market economies and renowned for its political and economic stability.
"It is ranked as the best place to do business in the West Africa subregion according to the World Bank's Doing Business 2019 report and has the B rating from Standards and Poor (S & P) Global.
"The government is also committed to pursuing pro-business policies and programs to achieve economic and industrial transformation of the economy and to bring Ghana beyond aid."
He is continually looking for cooperation and partnership to achieve this vision, "he said.
Bilateral exchange
According to the International Trade Center (ITC) in 2015 and 2016, Ghana's trade surplus with Tunisia was USD 1.7 million and USD 0.8 million respectively.
However, in 2017, Ghana's total imports from Tunisia amounted to US $ 18.5 million, while its exports to Tunisia amounted to US $ 15.1 million, a trade deficit of US $ 3.4 million. USD
The State Secretary to the Minister of Foreign Affairs in charge of Economic Diplomacy (Tunisia), Hatem Ferjeni, said that the Tunisian government hoped that the forum would contribute to deepening relations between the two countries in order to generate economic and social benefits. .
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