PR & COMMS UPDATES – MOTAI
Ghana and Germany have reiterated their commitment to enhancing bilateral collaboration and accelerating investment-led growth, as senior government officials, private sector executives and development partners assembled in Accra for the maiden German–Ghanaian Government Negotiations Business Day.
The high-level interaction brought together key players from both nations to synchronize policy reforms, private sector initiatives, and long-term investment prospects. This is the first time Germany has explicitly tied a Business Day to its bilateral development negotiations.
Delivering the keynote presentation, Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, highlighted Ghana’s ambition to pursue industrialisation as the most effective avenue for equitable and sustainable economic transformation.
In order to guarantee that “Ghanaian resources benefit Ghanaian people,” she emphasized the necessity of switching from raw commodity exports to value addition.
Using the example of a smallholder cashew farmer in the Bono Region, the Minister stated the nation’s economic potential rests in processing, innovative manufacturing, and building value chains that preserve income locally.
“Every factory we build empowers farmers. Every value-added product strengthens livelihoods,” she said.
Hon. Ofosu-Adjare emphasized Germany’s long-standing collaboration with Ghana through technical assistance, development cooperation, and private
sector engagement. The Business Regulatory Reforms program, which aims to make Ghana the most business-friendly destination in Africa, is one of the current reforms under her Ministry that she mentioned.
Through entities including as the GIPC, Free Zones Authority and the Ghana Enterprise Agency, she added, government is enhancing investor trust, encouraging industrial parks and expanding agro-processing clusters statewide.
The Minister also highlighted GIZ’s significant support for agriculture, including training for thousands of women and youth in cashew processing in Techiman and technical help for SMEs in supply chain development, processing technologies and international certification.
Touching on emerging opportunities, she invited German investment into Ghana’s digital economy, renewable energy, construction, pharmaceuticals and the garment industry which the government is prioritising as a job creation avenue with plans to establish three new garment factories employing at least 27,000 people.
She also said that Ghana would set up an Industrial and Investment Acceleration Desk between Ghana and Germany to act as a single point of contact for German investors.
“We love Germany. She added, “We want to make doing business very easy.” Ghana is still open, stable, and prepared for investments that bring about shared prosperity.
H.E. Frederik Landshoeft, Germany’s ambassador to Ghana, commended Ghana as a developing regional center and confirmed that Germany’s growing interest is motivated by the alignment of Ghana’s reforms with Germany’s strategic aims in foreign, economic, and environment policy.
He called Ghana a place where “confidence meets commitment,” pointing out that German businesses already operating there, ranging from energy, logistics, and agriculture to fintech and machines, are heavily invested rather than just experimenting.
“Ghana has stabilized its macroeconomic fundamentals and begun to correct them with discipline,” he stated, noting that investors can benefit from the nation’s budgetary consolidation and stable administration.
Germany is collaborating with Ghana “not out of habit, but out of interest,” he emphasized.
Ambassador Landshoeft identified five industries—energy and infrastructure, manufacturing and industrialization, digital technology, the circular economy, and agriculture and food processing—that provide immediate prospects for increased German involvement.
He also described Ghana as a possible regional gateway to West Africa, with early movers set to impact the future architecture of regional markets.
On the part of the Ghana Investment Promotion Centre, (GIPC) CEO, Mr. Simon Madjie underlined Ghana’s commitment to promoting investor confidence and pushing growth beyond economic stabilisation.
He noted various measures underway, including the examination of the GIPC Act, modifications to minimum capital requirements and enhanced investor protection.
Mr. Madjie urged German companies to collaborate with Ghana in industries like manufacturing, digital commerce, medicines, textiles, and the 24-hour economy project, which he called a revolutionary tool for success.
In order to promote the transfer of cutting-edge technology to Ghanaian businesses, he also revealed continuous efforts to update technology transfer laws, particularly in the pharmaceutical industry.
The Business Day gave both parties a forum to talk about specific investment opportunities under Germany’s changing global economic policy and Ghana’s industrialization drive.
As the event came to an end, everyone pledged to put the conversation into practice and create enduring alliances that promote innovation, value addition, and sustainable growth.
Source: newsthemegh.com