Ghana seeks action-oriented foreign investment – Trade Minister   

Madam Elizabeth Ofosu-Adjare, Minister for Trade, Agribusiness and Industry, has said Ghana’s engagement with foreign investors has moved from discussions to action-oriented partnerships anchored in concrete investments.  

She thus urged visiting investors to take bold steps by entering firm agreements with Ghanaian counterparts.  

The Minister said this when she hosted a Chinese delegation on a courtesy call aimed at deepening trade, agribusiness and industrial cooperation between Ghana and China.  

She said the meeting was a direct outcome of engagements held during recent high-level bilateral interactions, including the China–Africa Summit and the official visit of the President of Ghana to China.  

Madam Ofosu-Adjare highlighted opportunities in trade, agribusiness and industrial manufacturing, noting that Ghana’s development strategy prioritised value addition.  

“If you start with trade, you must end with industry. You trade and then you manufacture,” she said.  

The Minister assured the delegation of access to the leadership of key state agencies and private sector institutions to guide investors through Ghana’s business environment.  

She mentioned the Ghana Investment Promotion Centre, Ghana Free Zones Authority, Ghana Standards Authority, Food and Drugs Authority, Association of Ghana Industries and the Ghana Union of Traders’ Associations as part of the support framework.  

Madam Ofosu-Adjare said these institutions would provide a seamless, one-stop system for company registration, joint ventures, standardisation, market access and regulatory compliance.  

She encouraged the investors to identify specific areas of interest during their stay and assured them of concrete engagements before their departure.  

“So that even as you leave, you know exactly what to do, when to come back, and what the next steps are,” she said.  

Madam Ofosu-Adjare underscored the importance of joint ventures, describing them as mutually beneficial arrangements that foster trust, local integration and sustainable growth.  

“Joint ventures are good. It’s always good to collaborate with Ghanaians. It helps you settle quickly and understand the business environment better,” she said, and assured investors of strong legal and regulatory frameworks to protect their interests.  

Ms Hua Yan, Head of the Chinese delegation, expressed confidence in Ghana’s economic potential, describing the country as vibrant and full of opportunities across multiple sectors.  

“This is the third time I have met the Minister, and I am very happy to be in Ghana again. Ghana is a country full of potential and vitality, and that is why many Chinese investors continue to come here,” she said.  

Ms Hua said the delegation was made up of investors from diverse industries who were eager to explore practical cooperation and deepen China-Ghana economic relations.  

She explained that her organisation, China Trading Magazine, founded in 1996, was a national-level trade-focused institution that had facilitated business engagements across more than 10 African countries.  

“We hope to have deeper communication and identify local areas where cooperation can begin immediately,” she said, adding that the delegation was keen to translate discussions into tangible investments in Ghana.  

The engagement featured technical presentations and question-and-answer sessions by key state agencies and private sector representatives, including the Ghana Investment Promotion Centre, Ghana Free Zones Authority, GRATIS Foundation, Ghana Standards Authority and the Ghana Export Promotion Authority.  

The Ghana EXIM Bank and the Ghana Enterprises Agency also outlined investment entry processes, incentives, factory set-up options, standards and certification requirements, export opportunities, financing mechanisms and SME partnership prospects.  

Private sector representatives shared practical insights on doing business in Ghana, after which both sides discussed follow-up actions aimed at translating the engagements into concrete investment outcomes.  

The meeting was held to strengthen Ghana-China economic cooperation through sustained engagement and concrete partnerships.  

Source: GNA  

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