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Ghana Invites Global Investors to Explore Opportunities under AfCFTA

Tourism Minister Highlights Investment Potential in Ghana within the African Continental Free Trade Area

by Adenike Adeodun

Dr Ibrahim Mohammed Awal, Ghana’s Minister of Tourism, Arts and Culture, has called on foreign investors to capitalize on Ghana’s strategic position in Africa and explore investment opportunities under the African Continental Free Trade Area (AfCFTA). Speaking at Malta’s 49th Republic Day celebration in Accra, Dr Awal highlighted that AfCFTA offers a massive market of approximately 1.3 billion people with a combined GDP surpassing US$3.3 trillion.

Dr Awal emphasized that this presents a golden chance for private sector entities to establish their businesses in Ghana through strategic partnerships and joint ventures. “Ghana’s commitment to economic resilience, agricultural modernization, industrial transformation, and infrastructural development signifies our dedication to becoming a more competitive and stable economy,” he said.

The Government of Ghana is prioritizing key sectors like tourism, pharmaceuticals, mining, and petrochemicals. Initiatives such as “Year of Return and Beyond the Return” and “One District, One Factory” are opening doors for enhanced cooperation between Ghana and Malta.

Regarding Ghana-Malta relations, Dr Awal commended the deepening bonds of friendship and cooperation between the two nations. He praised Malta’s progress in becoming a highly competitive industrialized country, suggesting it as a model for Ghana.

According to a report by the Daily Graphic, Jean Claude Galea Mallia, Malta’s High Commissioner to Ghana, reflected on the growing relationship since the establishment of Malta’s High Commission in Ghana in 2019. He expressed his commitment to fostering exchanges between Malta and Ghana, driven by the Malta-Africa Strategy for Partnership.

The High Commissioner also underscored Malta and Ghana’s mutual commitment to enhancing cooperation in tourism and culture. This includes collaborative efforts in destination marketing strategies, heritage regeneration, and tourism research.

The event also featured a photography exhibition titled “Valletta-Accra: A Dialogue between Mercantile Cities.” This exhibition, a collaboration between Maltese and Ghanaian researchers, aims to offer a dynamic perspective on heritage, emphasizing its constant evolution. The High Commissioner noted the importance of utilizing and harmonizing various resources for sustainable heritage conservation.

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