Ama Dokua pushes for stronger trade ties between Ghana and Spain

The Deputy Minister for Trade and Industry, Nana Ama Dokua Asiamah-Adjei, has emphasised the importance of deeper economic partnerships between Ghana and Spain.

She highlighted the necessity to enhance trade relations and explore new opportunities for collaboration in manufacturing, technology, and renewable energy.

Speaking at a Business Forum held in Madrid on Tuesday, September 17, 2024, Asiamah-Adjei stated, "In recent years, Ghana has become one of Spain’s leading trading partners in West Africa," pointing out that Ghana exports key products such as cocoa, fruits, oil, gas, and precious minerals to Spain.

In return, Spain provides Ghana with automobiles, machinery, electrical equipment, and chemical products, which, according to her, "not only strengthen the economic ties between our countries but also support Ghana’s efforts towards digitalisation and innovation for export-led industrialisation."

The minister emphasised the strategic importance of Spain’s role in Ghana’s industrialisation agenda, particularly through initiatives like the One District, One Factory (1D1F) policy, which aims to enhance industrial development across Ghana's 16 regions.

"Spain, with its rich experience and expertise, is well-positioned to be a key partner in these sectors," she noted.

Asiamah-Adjei commended the contributions of Spanish companies already operating in Ghana, mentioning firms like GB Foods, Elecnor, and Indra, which have made significant investments in infrastructure, energy, and agro-processing.

"These companies are playing important roles in our renewable energy sector and technology development, contributing not only to our economic progress but also to the transfer of crucial skills and technology," she observed.

Looking forward, the minister encouraged deeper collaborations in areas such as agriculture, manufacturing, and energy.

"We are here in Madrid, seeking strategic solutions and partnerships that will lead to scalable infrastructure development and modernization of our key industries," she explained.

Asiamah-Adjei also expressed optimism about the potential for Ghanaian businesses and MSMEs to leverage Spain’s expertise to become more competitive in European markets under the existing economic partnership agreement.

She added that Ghana remains one of the most stable democracies in Africa and is dedicated to creating an investor-friendly environment through ongoing regulatory reforms aimed at improving the ease of doing business and providing certainty for foreign investors.

"Tailor-made and sector-specific incentives are also designed to ensure Ghana becomes the preferred destination for investment in West Africa," she stated.

"Through deeper collaboration and partnerships, we can create mutually beneficial opportunities for economic growth, job creation, and inclusive development in both Ghana and Spain," she concluded.

The forum is expected to result in new business partnerships and investment opportunities that will further enhance the economic ties between the two countries.

MA