Ghana and Turkey explore avenue to deepen trade relations | Social

The Ghana Chamber of Commerce and Industry (GNCCI) held a business-to-business meeting with its representatives in Turkey in the hope of closing the 57 percent trade deficit it has with Turkey.

According to Nana Appiagyei Dankawoso I, chairman of the GNCCI, statistics from the International Trade Center (ITC) showed that Turkey was the third largest trading partner of sub-Saharan Africa. Ghana's exports to Turkey in 2017 reached $ 128 million, while its imports from Turkey amounted to $ 224 million.

This represents a 57 percent trade deficit that could be filled in the mutual interest of both countries, he said.

Nana Dankawoso I, at the meeting between Ghana and Turkey held in Accra on Monday in collaboration with the Ghana-Turkey Business Council, said that the GNCCI was ready to support any program that promotes trade and offers local industries a competitive edge on the international market.

Mr. Alan Kyeremanteng, Minister of Trade and Industry, welcomed the timing of the event, saying the timing was right for Ghana and Turkey to return to the links. historical friendships they had formed over the years, but had already developed. not received any advice to deepen.

Turkey, he noted, has become one of the most competitive industrialized economies in the world, while Ghana is now recognized as one of the most attractive investment destinations in the world. African continent.

"… If Ghana should seek to work with a partner, I think it should be Turkey and that there is one country in Africa with which Turkey should be looking to do business, I think it should be Ghana, "he said.

He explained that the government's economic transformation plan, which was based on the four pillars of creating a resilient macroeconomic environment, modernization of agriculture, industrial transformation and infrastructure development, demonstrated its commitment to make Ghana attractive for investments.

He added that the emphasis put by the government on the decentralization of industrialization through programs such as the factory of a district, an industrial park of a region and Ten other strategic anchor sectors, including petrochemicals, the integrated aluminum and bauxite industry and pharmaceuticals, presented strategic entry points for Turkish investors in Ghana .