Strengthening SA-Ghana trade ties

South Africa has emerged as the third largest Foreign Direct Investment (FDI) contributor in Ghana, signifying the strengthening ties between the two nations. Grace Mason, the South African High Commissioner to Ghana, highlighted the significant progress made in bilateral investment during a recent interview. The past two years have seen a surge in inward and outward investments, with over 200 South African companies currently engaged in various sectors in Ghana. Noteworthy investments include infrastructure development, railway projects, agriculture, data centers, and hospitality industries. The arrival of prominent South African brands in Ghana further underscores the robust trade relations between the two countries. Ghana has reciprocated this wave of investment by channeling expertise and funds into South Africa's energy sector. Drawing from their experience with power outages, Ghana aims to facilitate skills transfer and infrastructure development in partnership with South African counterparts. Specifically, Sunon Asogli Energy, an investment firm from Ghana, is poised to inject 12 billion rands into the South African energy market to address similar challenges faced by both nations. Moreover, Ghana's commitment to the Africa Free Trade Agreement signals its ambition to lead in import and export activities within the continent. With an annual trade volume exceeding eight billion US dollars, the economic exchange between South Africa and Ghana thrives on mutual benefits and collaboration. Leveraging the African continental free trade area, both countries seek to maximize opportunities for regional and international commerce. South Africa's expertise in agriculture and skill development presents a compelling proposition for Ghana. Minister Tokoridiza is set to lead a delegation to South Africa to explore agricultural investments and knowledge transfer in the coming months. Additionally, South Africa's role in training Ghanaian professionals, such as pilots and nurses, is bridging crucial skill gaps and opening doors for international career prospects. The partnership extends beyond traditional sectors, delving into tourism and creative industries where both nations find common ground. Joint efforts in music, design, and tourism promotion showcase the compatibility and synergy between South Africa and Ghana, fostering a deep-rooted collaboration for mutual growth and prosperity.