MoTAI PR & Comms Update
Ghana has repeated its call for deeper trade and investment links with Switzerland, as the Minister for Trade, Agribusiness, and Industry spoke at the Fourth Swiss Business Lunch of 2025 in Accra.
The Minister congratulated Swiss Ambassador Simone Giger and the Swiss business community on the creation of thousands of employment and major contributions to the economy by over 70 Swiss firms operating in Ghana.
She highlighted that the alliance, which began with the Basel Mission’s introduction of cocoa in 1828, has evolved into a strong trade relationship, with bilateral commerce expected to reach USD 4.35 billion in 2024. Ghana remains Switzerland’s largest trading partner in Sub-Saharan Africa.
The Minister highlighted Ghana’s economic achievement by stating that GDP growth reached 6.3 percent in the second quarter, inflation has decreased to roughly 8 percent, and the cedi is Africa’s best-performing currency in 2025.
According to her, major international rating agencies have upgraded Ghana and increased investor confidence as a result of these improvements.
The Hon. Minister also described significant tax measures, such as the elimination of the COVID-19 levy and lower VAT, which are anticipated to give people and companies GH¢5.7 billion back.
With the help of government programs like the 24-Hour Economy, the Big Push infrastructure program, and export development plans, she urged Swiss investors to investigate potential in agro-processing, renewable energy, pharmaceuticals, industrial infrastructure, and digital technology.
In her speech, Swiss Ambassador Simone Giger praised Ghana’s investment-friendly policies and economic reforms, pointing out that Switzerland sees Ghana as a crucial ally on the African continent.
She reiterated Switzerland’s dedication to strengthening economic ties, stressing that Swiss businesses are still optimistic about Ghana’s stability, highly qualified labour force, and growing market prospects.
Ambassador Giger emphasised Switzerland’s long-standing partnership with Ghana, which includes trade, development cooperation, and private sector investment. He also stated that Switzerland is willing to encourage more Swiss companies to investigate industries like industrial innovation, value-added agriculture, and green energy.
She continued by saying that Switzerland is dedicated to supporting ethical and sustainable investments that boost inclusive growth in Ghana and generate jobs.
The Minister congratulated the Swiss business community for its long-standing cooperation and advocated ongoing cooperation for mutual prosperity, reiterating Ghana’s commitment to a stable, business-friendly environment.
The Trade Minister also used the occasion to engage with attendees and answer enquiries from partners on topics such as safeguarding Ghanaian industries, enforcing and promoting intra-African trade, and guaranteeing a seamless banking system in the West African subregion. He also reaffirmed the government’s commitment to fostering the expansion of the private sector and bolstering Ghana-Swiss economic cooperation.
Source: newsthemegh.com